How to sell Silver Ingots

Selling Silver Ingots

Silver ingots are may be the most liquid silver bullion product in the world. It is much easier to sell 100-oz silver ingot than 100 one ounces silver bullion coins like Maple Leafs, Mexican Libertads or American Eagles.

Silver bars usually carry lower premium over the spot than silver coins therefore there are more demand for silver ingots than for silver coins among substantial investors.

Before selling your silver ingots you should find out the spot silver price. You can sell silver ingots to local silver dealers and shops, silver coins dealers or sell them online.

How to sell silver ingots (bars) to local shops and silver dealers

You can sell your silver ingots to local pawn shops or precious metals merchants. Search local shops and dealers online. You can find good offers which are generally within 5 percent off the spot silver price. Also you can try to sell silver bullion ingots to local silver and gold coin dealers.

Some jewellers and pawn shops can also buy your silver bars or ingots. You can also try to sell your silver ingots to local jewellers and craftsmen.

Try to contact as many dealers as possible. It is possible to find local dealer or shop who offer you a good price for you ingots.

Sell Silver Ingots on COMEX

You can sell silver ingots on COMEX (division of the New York Mercantile Exchange) but you need at least 5000 oz of silver ingots or bars to sell. Prices of silver bullion on COMEX change constantly during the course of the trading day.

It is clear that it is impossible to sell on COMEX if you have only several 10-oz or 100-oz silver bars. In that case you should try to find other possibilities to sell your ingots.

Selling Silver Ingots on MONEX

You can sell your silver ingots on MONEX (another commodities exchange). You need 100-oz or 1000-oz silver ingots to sell on MONEX.

In this case you also can not sell small bars here.

Sell Silver Ingots on APMEX

On APMEX (The American Precious Metals Exchange) you can sell not only silver ingots, but gold ingots too. You can sell silver ingots of any size, including 5-oz, 10-oz and 100-oz silver ingots.

How to sell Silver Ingots

How to sell Silver Ingots

Selling Silver Ingots on online auction

You can sell your silver ingots on online auction like Ebay. You should register on Ebay site as a seller and sign-up to PayPal to receive payment for your ingots.

Another ways to sell Silver Ingots online

You can also advertise your silver bullion ingots on craigslist. Or you can build your own website with e-Store and sell your silver ingots worldwide.

Conclusion

You can easily sell your silver bullion ingots to local shops or coin dealers, online dealers or on online auction, but it is better never to sell your silver ingots unless you really need to and then sell only enough silver ingots to convert to what you actually need.