If you have old gold and silver jewelry sitting in a drawer, now might be the perfect time to turn it into cash. Whether it’s a tangled chain, a single earring without a pair, or a bracelet you no longer wear, these pieces still hold value. But with so many selling options available, choosing the right place can make a big difference in how much money you get.
Here’s how to find the best places to sell your jewelry for top dollar and avoid common pitfalls along the way.
1. Local Jewelry Stores and Pawn Shops
One of the quickest ways to sell silver and gold jewelry is by visiting a local jeweler or pawn shop. Many jewelry stores buy precious metals, especially if the pieces are in good condition.
| Pros | Cons |
| Fast, in-person transactions | Offers can vary widely |
| No shipping required | Jewelers focus on resale value, so outdated designs may fetch lower prices |
| Some jewelers may offer store credit for a better value | Pawn shops may offer lower amounts to leave room for resale profits |
Tip: Visit multiple stores to compare offers before making a decision.
2. Online Gold and Silver Buyers
With the rise of e-commerce, many reputable online platforms now specialize in buying gold and silver. These companies typically provide a prepaid mailer to send your items for evaluation. After appraisal, they offer a price, and you can choose to accept or reject it.
| Pros | Cons |
| Convenient process from home | Takes longer than an in-person sale |
| Competitive pricing, often based on live market rates | Payment may take days after acceptance |
| Many companies offer free insured shipping | Risk of scams with lesser-known websites |
Tip: Always check customer reviews and Better Business Bureau ratings before choosing an online buyer.
3. Coin Shops and Precious Metal Dealers
Specialized dealers often provide some of the highest payouts for gold and silver, especially if you have bullion coins or high-purity pieces. Since they deal directly in metals rather than resale jewelry, their offers are usually based on current market prices.
| Pros | Cons |
| Higher payouts for bullion and high-purity items | May not be interested in lower-purity gold or silver-plated jewelry |
| Knowledgeable buyers who can accurately assess value | Some dealers only buy in bulk quantities |
| Often no need to negotiate—pricing is based on the weight and purity of the metal |
Tip: If you have gold or silver coins, check for collectible value in addition to metal content before selling.
4. Gold and Silver Buying Events
Some businesses and traveling buyers host gold and silver buying events at hotels or community centers. These events attract sellers looking for quick transactions, and buyers often advertise “top dollar” offers.
| Pros | Cons |
| Fast evaluations and payments | Prices can be unpredictable |
| Competitive offers, especially for high-value pieces | Limited time to decide on the offer |
| Some events use high-pressure sales tactics |
Tip: Research the company hosting the event beforehand to ensure they have a solid reputation.
5. Auction Houses and Estate Sales
If you have unique or antique jewelry, an auction house or estate sale could be the best way to maximize your earnings. Buyers at these events are often collectors willing to pay a premium for rare pieces.
| Pros | Cons |
| Potential for higher offers on vintage or designer jewelry | Can take weeks or months to sell |
| Professional appraisers help determine value | Auction houses charge commission fees |
| Auctions attract serious buyers | No guaranteed sale price |
Tip: If your jewelry has a recognizable brand name (such as Tiffany & Co. or Cartier), an auction could significantly increase its value.
6. Private Sales & Online Marketplaces
Platforms like eBay, Craigslist, or Facebook Marketplace allow you to sell directly to buyers. While this approach can lead to higher prices, it also requires more effort.
| Pros | Cons |
| Set your own price | Requires time and effort to list, photograph, and negotiate |
| No middleman fees | Risk of scams or unreliable buyers |
| Direct communication with buyers | May take longer to find the right buyer |
Tip: Always meet buyers in a safe, public place and use secure payment methods.
Why Choose a Trusted Buyer Like Eagle Coins?
If you’re looking for a reliable place to sell your gold and silver jewelry, working with an experienced and reputable buyer like Eagle Coins can help you get the best deal. With years of experience in buying and evaluating precious metals, they offer:
- Fair and Transparent Pricing – Offers based on real-time market value
- Secure Transactions – No hidden fees or risks of scams
- Convenient Selling Options – Sell in person or through insured mail-in services
Selling gold and silver doesn’t have to be complicated. By choosing a trusted buyer, you can ensure a smooth, secure, and profitable transaction.
Final Thoughts
Turning old jewelry into cash is a smart way to declutter while making money. Whether you choose a local jeweler, an online buyer, or a specialized dealer, knowing your options helps you maximize your return.
Take your time, compare offers, and work with a trusted company like Eagle Coins Gold and Silver Buying by Lexaco to ensure you get top dollar for your gold and silver.