If you have silver coins, sterling flatware or bullion bars sitting in a drawer in the Greater Toronto Area, you can turn them into cash in a single afternoon — as long as you know what a fair payout looks like.

1. Know the spot price before you leave the house

Silver trades on a global market in USD per troy ounce. In Canada, dealers convert that to CAD in real time. Check our live spot price at the top of the home page — or read our full breakdown of how spot pricing works — before you visit any buyer. Most low-ball offers start when the seller doesn't know spot.

2. Coins vs. scrap vs. bullion — different payouts

• Government-minted coins (Silver Maple, American Eagle, Britannia): typically 92%–100% of spot.
• Recognized bars (RCM, Johnson Matthey, PAMP): 95%–100% of spot.
• Sterling scrap (925), coin silver (800), tarnished flatware: paid by weight × purity — see how we grade scrap silver.
• Silver-plated items: no melt value — dealers won't buy these.

3. What GoldenCitrus pays

We buy scrap silver and coins at spot, and we sell silver coins at spot + a $9–$11 premium. Not sure what your lot is worth? Get an instant CAD offer with our estimator. No appointment fees, no hidden testing charges. Bring a photo ID for anything above a couple hundred dollars.

4. Avoid these three GTA-specific traps

• Pawn shops quoting 'melt' without stating spot — always ask for the CAD spot they're using.
• Kijiji buyers who insist on cash-only home visits.
• Anyone refusing to weigh your items on a certified scale in front of you.

Frequently asked questions