Table of Contents
- Introduction to Selling Silver Bullion
- Why Sell Your Silver Bullion?
- What We Buy
- How to Determine Your Silver Bullion’s Value
- Silver Purity Marks and Their Meanings
- Silver Item Condition Grading Scale
- Preparing Your Silver Bullion for Sale
- Selling Silver Bullion FAQs
- What can I expect when selling silver bullion to GoldTrust?
- What is silver bullion selling for today?
- How much is silver bullion selling for?
- Is now a good time to sell my silver bullion?
Introduction to Selling Silver Bullion
Welcome to GoldTrust, where your silver finds a new lease on life. In the heart of South Africa, we pride ourselves on offering a seamless and fair process for those looking to sell their silver bullion.
Why Sell Your Silver Bullion?
Now might just be the perfect time to consider selling your silver. With the market constantly evolving, your silver items may hold more value than you realize. Selling to GoldTrust not only frees up some space in your home but also turns your unused silver into cash. It’s a smart move, whether you’re decluttering or looking for extra income.
What We Buy
| Category | Examples We Accept | Minimum Purity | Notes |
|---|---|---|---|
| Silver Bars | 1 oz, 100 g, 1 kg, 100 oz, 15 kg | 99.9 % ( .999 ) | Any LBMA-accredited or recognised refiner (e.g., Pamp, Valcambi, Metalor, Rand Refinery). |
| Silver Coins | Krugerrand Silver 1 oz, American Eagle, Canadian Maple Leaf, Britannia, Philharmonic, Libertad, etc. | 99.9 % ( .999 ) | Uncirculated, proof, or circulated bullion coins accepted. |
We do not silver purchase jewellery, silverware, medals, or electro-plated items.
How to Determine Your Silver Bullion’s Value
- Verify purity: X-ray fluorescence (XRF) confirms .999 or .9999 fineness.
- Confirm weight: Precision scales measure to 0.01 g.
- Brand & condition check: Sealed/assay-carded bars and pristine coins may achieve a small premium; heavily tarnished or scratched pieces trade at melt value.
Silver Purity Marks and Their Meanings
This table decodes the hallmarks found on silver items, helping you understand the silver content and purity of your pieces. By familiarizing yourself with these marks, you can better assess the value of your silver before selling.
| Purity Mark | Silver Content | Meaning |
|---|---|---|
| 925 | 92.5% | Sterling Silver |
| 999 | 99.9% | Fine Silver |
| 800 | 80.0% | Coin Silver/Standard Silver |
| EPNS | – | Electroplated Nickel Silver (Not solid silver) |
Silver Item Condition Grading Scale
The condition of your silver items significantly impacts their value. This grading scale offers a clear framework for assessing the condition of your silver, from mint to poor, allowing you to gauge potential valuation more accurately.
| Condition Grade | Description |
|---|---|
| Mint | Perfect condition, like new |
| Excellent | Minor wear, no significant damage |
| Good | Visible wear, minor damages |
| Fair | Significant wear, visible damages |
| Poor | Heavy damage, may require restoration |
Preparing Your Silver Bullion for Sale
- Keep bars in their original assay cards or sealed plastic if possible.
- For coins, bring them in tubes, capsules, or sleeves to avoid scratching.
- Have your ID, proof of residence ( ≤ 3 months ), and bank details ready to speed up payment.
Selling Silver Bullion FAQs
What can I expect when selling silver bullion to GoldTrust?
You’ll watch us test and weigh each piece, receive a quote, and if you accept get paid instantly by EFT.
What is silver bullion selling for today?
The price of silver fluctuates daily based on market conditions. At GoldTrust, we ensure our valuations are aligned with the latest market prices to offer you the best possible rate for your silver. For the most current rates, we recommend contacting us directly.
How much is silver bullion selling for?
Similar to the second question, the selling price of silver is subject to market fluctuations. The rate depends on several factors, including the type of silver (e.g., jewellery, bullion, coins), its purity, and the overall condition. For specific rates and valuations, reaching out to GoldTrust directly will provide you with accurate and up-to-date information.
Is now a good time to sell my silver bullion?
Deciding when to sell your silver depends on current market prices and your personal financial goals. At GoldTrust, we monitor the silver market closely to advise our clients accurately. If you’re considering selling, we can offer a no-obligation valuation and market insights, helping you make a decision that’s right for you.
