Hi I have 6 silver bars weighing a total of 743.69 ounces. I would like an estimate of the value. I would also like to know how and where to sell these bars. Thanks! From Sarah in Mobile, Alabama
Thank you for your question! First off I am going to assume that your weight is in standard ounces and not in troy ounces, because that will effect the price a bit, but not significantly. We can pay you 75% of the bars’ fine silver value by weight. We do pay more for minted bars because they typically contain 99.9% silver and are made by certified manufacturers, but it sounds like yours are not minted or marked with a mint stamp — so they would be rough silver bars.
However, if they are not marked with a silver quality mark we will not know the true concentration of the fine silver they contain until we get your bars into our testing lab. They could be 70% fine silver by weight or less or more.
I recommend that you insure your shipment of silver bars assuming that your bars for an amount you are comfortable with. We recommend using US Postal Service’s flat rate shipping boxes. Also, make sure that you choose the “Delivery Signature Required” option at the post office.
Hope this information helps!