Selling silver is not the same as selling gold. Not only is gold a better marketed item, but the weight of gold determines the net value of it as well. I\’m telling you this because many amateur sellers believe that when retailers are advertising to buy gold, they should, in turn, be buying silver too. That unfortunately is not a good look and the person who chooses to buy silver will most likely get duped into overpaying. This is something that you definitely do NOT want to do, as the whole point when you sell silver bars is to profit from your sale.
What I am saying, is that selling silver bars is a fool-proof way to invest your hard-earned money. Why else do you go to your job every week? To make money in order to live and eat, right? Doesn\’t it seem like a good idea to do something major to make that money grow, besides just letting it sit in a bank account barely making any interest worth mentioning?
If you have never had the opportunity to sell silver bars before, then you are sure to know that there are too many types of bars out there to name at the moment. As a rule of thumb, you desperately need to know which ones you may be selling. The top two silver bullion bars, or bricks as they\’re sometimes referred to, happen to be from the highly regarded companies of Engelhard and Johnson Matthey. There are doubtless more silver investments out there such as APMEX and NTR, but these two take the cake. Engelhard is noted for being the producer of very high-quality silver bars; branded with exact clarity of the silver contained within each bar. Johnson Matthey silver bullion bars are actually no longer said to be manufactured, although the bars are still being heavily circulated. Silver bars from either of these labels will stem higher fees per troy ounce than any other company.
First off, there are several types of silver bars in circulation that are important to know of. If you have silver bars that you would like to sell, then I suggest you know which ones you are holding before you place them into the market. The primary makers of quality bullion silver bars, or bricks, as they\’re sometimes referred, are Johnson Matthey and Englehard.
A good tip to remember is that the brand of silver influences the quote price to a certain degree. The common brands Engelhard and Johnson Matthey typically sell for a slightly higher price because they are largely known and are reliable investments. On the flip side, unmarked or poorly branded silver bars will sell at a cheaper value because it takes extra effort to determine and calculate the exact silver amount in the bar. The absence of a recognizable brand name will also mean the buyer has to hedge himself against the investment risk further driving the price down.
Once you get around to familiarizing yourself with these details, the venture to sell silver bars becomes a matter of finding the right dealer. We\’ve already mentioned how the quoted price will not be equal across all silver coin dealers because of various reasons that dictate the profit margin or mark-up value; consequently, the task is to find the dealerships that offer the most competitive price for any silver bar. As such, one needs to get a few quotes from many silver coin buyers before deciding on which is the most attractive quote to pick up.
You can sell silver bars thru a local market, the internet or by selling your silver to silver coin dealers. Just patiently choose a path that fits your needs and your wallet, and your financial life will change forever.