Silver’s comeback: what pawnshop buyers and sellers should watch in 2026

Are you holding old silver or thinking of buying coins? The 2025 spike in silver changes how you should sell, test, and price pieces today.

What’s happening with silver

Silver jumped sharply in 2025, up nearly +150% according to recent reporting. That made it the top performer among many metals. For you, that means coins, bars, and scrap that sat in a drawer are suddenly more interesting to buyers and pawnbrokers.

Why it matters to you now

Higher prices mean more demand from collectors and investors. It also means more fakes and scams on the market. You face two main risks: accepting too little for your silver, or paying too much for something that isn’t real. You can avoid both with basic checks and a clear selling plan.

Quick checks before you sell or buy

• Weigh items on a small digital scale for grams and troy ounces.

• Look for hallmarks or mint marks and note any wear or damage.

• Do a simple magnet test: real silver is not magnetic.

• Use a shallow ring test (light surface scratch) only if you own the item and accept minor marks.

• Ask for a professional acid test for bullion or when in doubt.

• Compare offers from at least two buyers before deciding.

• Keep small, popular coins separate from large junk silver.

A simple testing routine you can use in person

Start with visual checks. Look for correct lettering and consistent edges on coins. Weigh the piece next and compare to expected weight. Try the magnet test; if it sticks, it’s not silver. If the piece looks odd or the weight is off by more than a few percent, ask the buyer for an acid test or an XRF scan (a non-destructive metal reader). If you are selling and the buyer refuses reasonable testing, walk away.

Micro-moment: You meet a seller at a local shop. You place two coins on the counter, weigh them, and ask to see hallmarks. The seller agrees to an acid test. You learn one coin is plated. You decline that sale and make a better offer on the genuine coin.

Pricing and negotiation levers

Prices can move fast. Ask buyers whether they price by spot market, by melt value, or by numismatic value (collector premium). Melt value is metal weight only. Collector value can be much higher, but it is hit-or-miss. If you need cash fast, be ready to accept close to melt value. If you can wait, find a collector or auction for rarer pieces.

When negotiating, use these levers: condition (clean, original patina often sells better), known proof it’s yours (a receipt or original packaging helps), and lot size (more silver often gets a better per-ounce rate). Split offers: sell the common pieces now and keep the rare ones to sell later.

Red flags and safe moves

Red flags include buyers who refuse testing, cash-only deals with pressure, or prices that are way above or below market (a deal that looks too good probably is). Safe moves are asking for written offers, getting a second opinion, and knowing the spot-driven melt price for your weight.

Bottom line

The comeback of silver has opened opportunities for sellers and buyers alike. If you do basic tests, compare offers, and know what kind of value matters for your pieces, you’ll get fairer deals. Focus on simple checks and bring the right expectations.

Stones can add value, but only when they’re verified — don’t let "maybe" inflate the number.

Today’s takeaway: Know weight, do a magnet test, and compare two offers before you trade any silver.