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Where to sell silver (and the best place to get a fair price)
The best place to sell silver is whichever of at least three bidders pays most against melt value. As of Oct 15, 2026 6:36 PM ET, silver spot is $57.45/troy oz, so a 1 oz coin melts at $57.45 and $1 face of 90% junk silver at about $41.08, per Bullion Price Check (spot: gold-api.com).
Key facts
- Silver spot: $57.45/troy oz
- $1 face 90% (0.715 ozt): $41.08
- Data time: Oct 15, 2026 6:36 PM ET
Who pays the most when you sell silver
| Product | Dealer | Buyback bid | vs melt | Checked |
|---|---|---|---|---|
| 1 oz American Silver Eagle | Hero Bullion | $55.13 | 96.0% of melt | · source |
| Kitco | $51.24 | 89.2% of melt | · source | |
| 1 oz Silver Maple Leaf | Kitco | $51.24 | 89.2% of melt | · source |
| 10 oz silver bar | Kitco | $492.40 | 85.7% of melt | · source |
| 100 oz silver bar (RCM) | Kitco | $5,024.00 | 87.5% of melt | · source |
| $1 face 90% junk silver | No public buyback price readable right now | |||
Ranked strictly by bid, highest first; rankings are never paid. Bids are copied from each dealer's public sell-to-us page with the time we read them, and exclude shipping, minimums (e.g. Hero Bullion requires $1,000) and payment terms. Dealers that block automated reads or show no public per-product bid (APMEX, SD Bullion, JM Bullion, Money Metals and others) are not listed. Always confirm a locked quote before shipping.
Where to sell: the main options
| Channel | Typical speed | Price | Risk / effort |
|---|---|---|---|
| Local coin shop | Same day | Varies widely by shop; call 3+ | Low; watch them test |
| Online dealer buyback | Days (ship, inspect, paid by check/wire) | Often competitive on sovereign coins and big bars | Shipping/insurance rules; lock-in window |
| Peer-to-peer / coin shows | Varies | Often highest, closer to retail | Highest scam risk and effort |
| Pawn shop / "we buy gold" event | Same day | Commonly reported as lowest | Low effort, low payout |
Step-by-step process, scam checklist and US tax basics: How to sell silver & gold for the best price. Dealers we track are listed on our dealer page.
Know your number first: melt value benchmarks
| Item | Fine metal | Melt value now |
|---|---|---|
| 1 oz silver coin or round (.999) | 1 ozt silver | $57.45 |
| 10 oz silver bar | 10 ozt | $574.49 |
| 100 oz silver bar | 100 ozt | $5,744.90 |
| $1 face 90% junk silver (circulated) | 0.715 ozt | $41.08 |
| Sterling silver, per gram | 92.5% | $1.71 |
| 1 oz gold coin (Eagle, Maple, Krugerrand) | 1 ozt gold | $4,168.30 |
| 14k gold, per gram | 58.33% | $78.17 |
Melt = fine metal × live spot (gold-api.com), Oct 15, 2026 6:36 PM ET. Buyers pay below retail and often near or below melt; this is the yardstick for comparing offers, not a quote. We do not currently publish dealer buyback prices; ask each buyer for a written bid.
Also: sell silver coins · sell gold · coin melt calculator
Frequently asked questions
Where is the best place to sell silver?
There is no single best buyer. Get written bids from at least three: local coin shops, online dealer buyback programs, and (carefully) peer-to-peer buyers. Compare each to melt value. Pawn shops and pop-up events usually pay least.
How much will I get for my silver?
Use melt as the benchmark: as of Oct 15, 2026 6:36 PM ET silver spot is $57.45/troy oz. Sovereign coins get the strongest bids; generic bars, junk silver and sterling scrap get less.
Do coin shops pay spot for silver?
Often near or somewhat below spot for generic silver, and closer to or above spot for popular sovereign coins. It varies by shop and by market conditions, so call several.
Do I pay tax when I sell silver?
In the US, gains on physical metals are generally taxable as collectibles (max 28% long-term). General information only, not tax advice.