Pawning Silver? Sell It to Vegas Buyers Instead

Silver is more popular among men as it allows them to display a certain level of wealth and is easy to style and wear. As an element, it is the best conductor of electricity, among others. Silver has now become just as desirable as gold. In fact, selling silver is now one of the fastest ways to earn cash. However, some individuals still prefer pawning silver, not knowing that they don’t get the full price for the value of silver when they pawn. If you want to know the best buyer of silver in Las Vegas, then this article is for you. 

Value of Silver Today

Generally, the value of a silver item depends on its size, weight, and actual silver content. Silver is a highly malleable and ductile element. So, when silversmiths use silver in crafting an item, they have to use other base metal alloys to help the item retain its form. Today, the price of silver is measured in ounces. To measure silver, you’ll have to convert its weight from grams to ounces. An ounce of silver would typically be around 28.35 grams. You can click here to get an idea of how much the spot price is for silver. These are just some details you ought to know first before selling your silver. Strive to sell instead of pawning silver if you want to get the most out of it. 

Pawning Silver? 

Pawn shops focus on providing quick loans for their customers. To get a loan, customers must provide collateral, which protects the lender’s interest. And it is essential to know that pawn shops do not accept any item as collateral. As you can see, you can only pawn silver at most pawn shops. You may find a pawn dealer that works as a silver buyer, too, but doing so would be challenging, especially in Las Vegas. If you want to sell your silver, you can bring it to a reputable silver buyer instead.

Read Before Pawning Silver

Why pawn your silver when you can sell them instead? Pawn shops offer loans with very high-interest rates, even higher than banks. In this system, you end up paying for more than you gain. In the end, once you pay off your loan, you only get back your item and nothing else. Moreover, pawn shops do not have experts on silver and other precious metals like gold. They can’t assess your silver accurately, so they end up merely assigning a price for your silver. When this happens, you can never be sure if you get a price that matches the actual value of your silver. 

Sell Your Silver Instead

Most pawn shops use destructive methods such as the scratch test to determine if their customers’ silver is real. Scratch tests can easily damage a silver item and cause loss of actual silver content when done carelessly and incorrectly. When your item loses silver content, its value decreases. Meanwhile, at Nevada Coin Mart, we have proper systems and procedures to test the quality and genuineness of silver items. We also use state-of-the-art Thermo Niton X-Ray Spectrometer and Precious Metal Verifier Kits to test our customers’ items. Our technology easily makes us the best silver buyer in all of Las Vegas, including silver coins and silverware

We are also home to experts on silver who are knowledgeable in understanding the actual value of your silver. With this, we can guarantee the best deals for your silver items. You check out our only store at Nevada Coin Mart® 4065 S. Jones Blvd., Las Vegas, NV 89103. You can also call us at 702-998-4000 to talk to one of our silver experts today. Here’s a list of the silver items we are looking for:

  • Silver Bullion
  • Silver Jewelry
  • Silver Watches
  • Silverware
  • Silver Dollars
  • Silver Scraps
  • Antique Silver
  • Junk Silver

Brief Background

You can extract silver from silver ores which you can mine near the Earth’sEarth’s surface through open-pit and underground methods. The extraction of silver from silver ores may be one of the most challenging aspects of mining silver because silver and its host rocks can sometimes be pretty hefty. 

Silver is a beautiful and lustrous white element that people value for its decorative beauty and electrical conductivity. As a precious metal, people can use it in jewelry, coins, ornaments, and even electronic parts. It is widely distributed in nature; however, the total number of silver is actually small when you compare it to other metals. Overall, silver constitutes 0.05 part per million of the Earth’sEarth’s crust.