Five Key Things To Know Before You Sell Your Silver Coins, Bars, Jewelry Or Flatware

Five Key Things To Know Before You Sell Your Silver Coins, Bars, Jewelry Or Flatware

Charles Passy and Andrew Keshner  Wed, December 31, 2025  MarketWatch

Is It Time To Sell Your Silver?

That’s the question some may be asking in light of the fact that the precious metal’s price SI00 has risen well over 100% in the past year, reaching a record level above $82 an ounce on Monday. After all, many people have some silver tucked away in their closets in the form of flatware, coins and jewelry. Others may have purchased silver bars for investment purposes. Sure enough, those who buy silver for a living say they’ve been plenty busy of late responding to such folks.

“[We’re] seeing a deluge of silver sellers like we never have before,” said Brandon Aversano, CEO and founder of the Alloy Market, a Pennsylvania-based company that specializes in precious metals. Aversano noted that his firm has purchased nearly twice the amount of silver in the second half of 2025 as it did in the first half.

Fueling that demand, of course, are buyers aplenty who want a stake in silver, given the price gains of late.

“I’ve sold more silver in the past two weeks than I’ve probably sold in the past six months,” said Phil Neizvestny, owner of Bullion Holdings, a company based in New York City’s Diamond District.

If you do want to sell your silver items — whether it’s a set of cutlery you inherited from grandma or coins you collected long ago — what do you need to know? We spoke with some experts to find out. Let’s break it down into five questions.

1. Where Can You Sell Your Silver?

There are options galore. You can always head to your local pawnbroker or a merchant who specializes in coins or precious metals. You can also go the internet route, which will involve shipping your silver to a company that conducts such transactions.

Auction houses are yet another option, particularly for collectible items that have value beyond their intrinsic “melt value” (more on that later). There are also platforms like eBay EBAY, as well as social-media groups where buyers and sellers can connect.

Which option is best? Keep in mind that you can’t generally expect to receive the current market (or “spot”) price for your silver, since sellers have to make money on the transaction. “There is a bid/ask spread just like there is for any other traded asset,” explained Trip Brannen, chief financial officer at Coinfully, a company that appraises and purchases coins.

Experts say you will tend to get higher prices at online outlets — which typically have less overhead — but you then have to deal with shipping and you will also wait to receive your money. Pawnbrokers and other local merchants may pay less, but you’ll get your money right away.

And while going the eBay or social-media route can result in good prices, you need to ask yourself if you’re willing to deal directly with buyers.

No matter how you opt to sell, the usual caveat of getting different price quotes applies — don’t presume the first offer is the best. You’ll also want to check the buyer’s credentials or applicable ratings. And if you’re dealing with an online buyer, see if they’ll pay for shipping and insure your package.

2. How Can You Tell If An Item Is Real Silver?

TO READ MORE:  https://news.yahoo.com/news/finance/news/five-key-things-know-sell-174700763.html

Most Millionaires Don't Consider Themselves Wealthy. So What Does It Really Mean To Be Rich?

Most Millionaires Don't Consider Themselves Wealthy. So What Does It Really Mean To Be Rich?

Ivana Pino · Senior Writer  Updated December 18, 2025   Yahoo Personal Finance

A new Schwab survey finds that only a third of America’s millionaires feel wealthy.  By most traditional measures, having a net worth of $1 million should put someone firmly in the “wealthy” category. Yet a growing number of millionaires don’t see it that way.  Just one third (36%) of the nation’s wealthiest citizens — those with at least $1 million in investable assets — consider themselves wealthy, according to Northwestern Mutual’s 2025 Planning and Progress study.

Further, nearly half (49%) of American millionaires say their financial planning needs improvement, citing the possibility of outliving their savings, the impact of taxes in retirement, and potential long-term care needs as their top financial concerns.

This gap may be surprising, but it highlights how rising costs, longer lifespans, and shifting expectations have redefined what it means to feel rich in modern America.

Why $1 million doesn’t feel like a lot of money anymore

One reason most millionaires don’t consider themselves wealthy is because our definition of wealth has changed over time.

“Being a millionaire used to mean you had done really well and ‘made it,’” said Tom Mathews, CFEd, CPA, and author of "How Money Works." “Today, it really just means you’ve crossed an outdated line.”

Mathews explained the problem isn’t necessarily that people have less money today, but rather, they have less certainty and control around their finances. “Things like inflation, rising taxes, market volatility, and the escalating cost of housing, healthcare, and education have changed what financial security feels like,” he said. “A million dollars on paper doesn’t stretch the way it used to, especially when most of that net worth is tied up in illiquid assets like homes, retirement accounts, or businesses.”

There’s also the issue of longevity. With people living longer, a seven-figure portfolio may not seem substantial when it’s expected to fund decades of living expenses and rising medical costs.

In other words, Mathews said, many people might look wealthy on paper, but that doesn’t mean they feel financially secure.

What does it mean to be rich today?

If millionaires don’t necessarily feel wealthy, what does it take to feel rich in today’s economy?

According to Charles Schwab’s 2025 Modern Wealth Survey, Americans need an average net worth of $839,000 to be financially comfortable, and $2.3 million to feel wealthy.

TO READ MORE:  https://finance.yahoo.com/personal-finance/banking/article/how-many-millionaires-in-america-205846046.html

Even Millionaires Don't Feel Wealthy These Days

Even Millionaires Don't Feel Wealthy These Days

Daniel de Visé, USA TODAY   December 3, 2025

A million dollars is not what it used to be.

Only 36% of American millionaires consider themselves wealthy in 2025, according to new research from Northwestern Mutual.  The finding comes from the 2025 Planning & Progress Study, updated in early November. It draws on a Harris Poll survey of 4,626 Americans, including 969 people with household investable assets greater than $1 million.

Even the wealthiest Americans worry about money, the study found. They fret about having enough of it, deciding how to spend it and whether to pass it on to heirs.  If $1 million isn’t enough, then how much money does it take to feel wealthy?

“There’s no definitive number,” said Mark Mascarenhas, a private wealth adviser with Northwestern Mutual’s Haven Wealth Advisors.

Many millionaires don't consider themselves wealthy

Feeling wealthy has a lot to do with context and perspective, he said.

A million dollars might go a long way in West Virginia or rural Kansas. In New York or Los Angeles, it might not feel like nearly enough.

A millionaire who hangs out with other millionaires is bound to make unflattering comparisons to wealthier friends.

“All of my clients who are millionaires do not consider themselves wealthy, not by a long shot,” Liz Windisch, a certified financial planner in Denver.

“People with that much money inevitably spend time with other people who are millionaires, and who have even more money than they do and – just like the rest of us – compare themselves to others who have more,” she said.

Nearly half of U.S. millionaires say their financial planning “needs improvement,” Northwestern Mutual found. Only 53% said they expect to leave an inheritance or charitable gift.

“It’s not that they don’t want to leave an inheritance. It’s just that they’re worried about funding their own retirement,” Mascarenhas said.

The top retirement concern for millionaires, the study found, is the prospect of outliving their savings.

The Rise Of Everyday Millionaires

The United States is home to nearly 24 million millionaires, the largest number of any nation in U.S. dollar terms, according to the UBS Global Wealth Report.

TO READ MORE:  https://finance.yahoo.com/personal-finance/banking/article/what-is-considered-wealthy-175033814.html

Here’s Why Being a Millionaire Doesn’t Mean You’re Rich

Here’s Why Being a Millionaire Doesn’t Mean You’re Rich

Cindy Lamothe  GOBankingRates     Mon, December 29, 2025

If you grew up thinking a million dollars meant yachts, private islands and private jets, well, 2025 has other plans. These days, hitting millionaire status is still impressive — but it doesn’t automatically translate to feeling rich.

According to the 2025 UBS Global Wealth Report, the U.S. saw the sharpest rise in millionaire numbers globally. Between rising costs, shifting lifestyles and a new definition of what “wealthy” even means, being a millionaire isn’t what it used to be.

Here’s why the title doesn’t guarantee the life you might imagine.

When You’re Asset-Rich But Cash-Poor

For Michael Benoit, licensed insurance broker and founder of California Contractor Bond & Insurance Services, the concept of a “millionaire” being rich is dangerously outdated, especially in 2025.

“Every day I see owners of businesses who are millionaires on paper. They may have $2 million in assets, including their equipment and their primary residence,” he said.

Benoit explained the problem with this is that these assets are not liquid and are often encumbered by substantial debt. He noted, “They are asset-rich but cash-poor.”

How Your Age and Wealth Structure Shape True Millionaire Status

TO READ MORE: https://www.yahoo.com/finance/news/why-being-millionaire-doesn-t-215504201.html

Experts Warn The Internet Will Go Down In A Big Way — And You'd Better Be Ready

Experts Warn The Internet Will Go Down In A Big Way — And You'd Better Be Ready

Geoff Williams   Sat, December 27, 2025 at 7:00 AM EST

It’s bad enough when the internet goes down for a few hours because your power went out after a storm, but what if the internet went down indefinitely, sort of everywhere? What if your state or an entire region of the country lacked the internet or electricity because of a cyberattack or something innocuous, like problems with an aging grid or the federal government forgot to pay a bill?

Do you have a plan for that?

Most people don’t. In fact, the Federal Emergency Management Agency surveyed 7,525 Americans for their 2024 report on disaster preparedness and found that 57% of the country isn’t prepared for, and isn’t planning to prepare for, a disaster.

That’s a shame because an internet or electric type of emergency is likely to occur one of these days, said Robert Siciliano, a security analyst and author of ”Identity Theft Privacy: Security Protection and Fraud Prevention.” “I don’t think it is a matter of ‘if,’ it is simply a matter of ‘when.’ The electrical grid, as we know it, is only about 120 years old. And it is scattered in such a way that local or regional brownouts or total failures are happening too often.”

Siciliano added, “Having backup food, water, batteries and power should be a consideration for everyone. The term ‘prepper’ has gotten a bad rap.” He said that if you want to function in the event of a regional or nationwide electric or internet outage, “I think at this point everybody should be prepping.”

So if you want to keep your tech during a period of digital upheaval, feel free to borrow these strategies.

Try and create a backup internet plan.

“Preparing for individual internet disruptions and power outages is straightforward – you need backup internet access methods and/or the ability to generate energy on your own,” said Sean Gold, who should probably hang out with Siciliano. Gold is a prepper and the owner of the website TruePrepper. Gold also has a degree in emergency management and was an emergency manager in the Air Force.

Gold said that the best way to not lose your digital life during an internet or electrical grid crisis is to assume it’s going to happen sooner or later and plan for it.

“A cellular hotspot is an easy way to get through a day or two of internet outages, but if the outage is widespread, then that plan is much less effective with the overloaded cell towers. Many preppers are starting to embrace Starlink and satellite ISPs even if they are in less rural areas,” he said.

Of course, if you’re not a tech person, Gold might as well be talking in Sanskrit. So let’s do a quick translation:

• Hotspot: This allows you to hook up your smartphone to a laptop, tablet, smart TV or any device that has the internet. This is helpful if your phone can’t access Wi-Fi but other devices you own can. If the internet is out everywhere, however, as Gold said, you’re not going to get very far with a personal hotspot (your phone’s settings will have instructions as to how to set up a hotspot).

• Starlink. You’ve probably heard of Starlink; Elon Musk owns it. It’s a satellite internet provider, so if cell phone towers are down, well, no problem – you’re accessing the internet through satellite technology. Starlink can be pricey: $80 to $120 is what it charges residential households that want to use it, and you’ll have to buy the $349 equipment to set it up.

• Satellite ISPs. It’s an abbreviated term for satellite internet service provider. The aforementioned Starlink is one. Don’t feel like making Musk richer than he already is? You may want to check out Hughesnet (plans start at $49.99 a month for a full year, but you need to set up a two-year contract). Viasat is another prominent satellite internet provider (plans start at $69.99 a month). 

Tech: An Amazon Outage Nearly Took Out The Whole Internet. Here’s Just How Big It Was.

TO READ MORE:   https://www.yahoo.com/news/articles/experts-warn-internet-down-big-120017712.html

3 Tools the Wealthiest Americans Use To Safeguard Their Generational Wealth

3 Tools the Wealthiest Americans Use To Safeguard Their Generational Wealth

Laura Bogart   GOBankingRates   Thu, December 25, 2025

When you imagine the wealthiest people you know — whether in real life or on the covers of magazines — you know that hard work or good luck (or a combination of both) likely played a role in building their fortunes. But keeping that wealth intact for decades — and ensuring it benefits future generations — takes deliberate planning and the right financial tools.

And because you’re putting nose to the grindstone to grow and protect yo+++ur own wealth, you know that building a legacy of financial security also involves a lot of effort. Still, you might not be sure exactly how the wealthy safeguard what they have worked so hard to build.

To preserve what they have built and ensure it is available for future generations, high-net-worth individuals turn to a variety of tools, products and strategies — many of which could also help everyday people like you grow and protect your own wealth.

As you see what the experts GOBankingRates spoke with shared, you will realize that the resources you need to achieve these goals aren’t so challenging to find.

Diversification

For Lukendric A. Washington, a certified planner and CEO of Manifest Wealth Management, the question of how wealthy people safeguard their wealth has one very clear answer — diversification. He wants clients to make sure their wealth isn’t bottled up in one kind of asset, because if that asset performs poorly, well, the bottle can break, and with it, their nest egg.

“In their investment portfolios they likely have a mixture of several, if not all, asset classes,” he said. “Beyond the typical investment options, there are private equity options, which can be riskier and less liquid, but can also reduce the risk that one event or one bad investment will destroy their entire portfolio.”

The wealthy and wise spread their assets across different categories to mitigate the risks that can come with having too much exposure to a single investment. Smart diversification can happen across industries (for example, having a portfolio with investments in different sectors) or by including alternative investments such as precious metals, real estate or even fine art.

Life Insurance

To read more:  https://www.yahoo.com/finance/news/3-tools-wealthiest-americans-safeguard-141809253.html

Sorry, Winning Powerball’s $1.7 Billion Jackpot Won’t Make You A Billionaire

Sorry, Winning Powerball’s $1.7 Billion Jackpot Won’t Make You A Billionaire. Here’s why you might end up with $136.6 million instead.

Charles Passy  MarketWatch  Tue, December 23, 2025

You just won the big $1.7 billion Powerball jackpot and you’re feeling like, well, a billion bucks.

But let’s get real for a moment: You’re almost certainly not a billionaire.

There’s no doubt that someone who wins a lottery jackpot will walk away a rich person. And Wednesday’s Powerball prize — the drawing is set for 10:59 p.m. Eastern time — is the fourth largest in the game’s history.  But even when a jackpot heads into billion-dollar territory, the winner isn’t likely to see that kind of money. When all is said and done, they may be fortunate enough to call themselves a centimillionaire — someone with a net worth of $100 million or more.

We did some research and crunched some numbers to come up with the following scenario, showing how a $1.7 billion jackpot can turn into an actual prize of $136.6 million — again, nothing to sneeze at, but not quite enough to put you in Elon Musk territory (net worth: $748 billion). Or even Jerry Seinfeld territory (net worth: $1.1 billion).

Here’s how it all breaks down.

You may have to split the prize

It’s great if you can keep that jackpot all to yourself, but that doesn’t always happen. In fact, in the 50 largest lottery jackpots claimed to date, the prize has been split by two or more winners 10 times, and in some cases by as many as three. Let’s assume a worst-case scenario here, and you get only a third of that jackpot.

Your share of the $1.7 billion prize is $566,666,667.

You take the lump sum

The big advertised jackpot number reflects the amount you’d receive if you opted to annuitize your prize over 29 years (30 payments in all). But the vast majority of jackpot winners go for the lump-sum payout, according to reports.

And at least some financial advisers say there’s good logic behind doing that, because it leaves you in control of how to invest (and presumably grow) the money. Still, taking the lump sum cuts the total by more than 50%, according to what Powerball shares. The current lump sum if only one winner claims the $1.7 billion jackpot is $781.3 million. If there are three winners, that would have to be split three ways.

Your prize is now $260,433,333.

You have to pay Uncle Sam

You didn’t think the taxman would forget to come for a share of your winnings, did you? With a big lottery prize, you’ll now be in the highest federal tax bracket, which means a 37% hit. (You can do the math yourself, but trust us: You’ll be among the top earners.)

Your prize is now $164,073,000.

Your state and city can come calling, too

Most states — and some municipalities — levy their own income taxes. So that’s another chunk to calculate based on that $260,433,333 figure. The rates vary considerably, but let’s say you live in a place with a high income-tax rate, especially for wealthy individuals. For example, New York state’s top tax rate is 10.9% (New York City residents pay an additional income tax) and New Jersey’s is 10.75%, according to the Tax Foundation website. For the sake of simplicity, we’ll consider what a 10% state income-tax hit might do to your winnings.

You need to bring in professionals to sort everything out

If you talk to folks who work with high-net-worth individuals, they’ll all tell you pretty much the same thing: It costs money to be a rich person, because you need to sort through a minefield of legal and tax-related matters.

TO READ MORE:   https://finance.yahoo.com/news/sorry-winning-powerball-1-6-221200157.html

Financial Experts Warn Future Winner Of The $1.7 Billion Powerball

Financial Experts Warn Future Winner Of The $1.7 Billion Powerball: Don’t Make These Common Money Mistakes

Ashley Lutz    Fortune  Updated Tue, December 23, 2025

Powerball’s $1.7 billion jackpot may create a new ultrarich winner, but financial planners say what happens after the drawing can matter more than the winning numbers. They describe a consistent set of mistakes that can quietly turn a once‑in‑a‑lifetime windfall into a long, public mess.​

Rushing big decisions

Many experts warn that acting too quickly—quitting a job, claiming the prize immediately, or committing to big purchases—is one of the most damaging errors. Articles in outlets including CNBC, NerdWallet, and USA Today emphasize slowing down, taking time to process the shock, and making no irreversible decisions until a plan is in place.​

A related misstep is choosing between the lump sum and annuity on instinct instead of analysis, even though that decision locks in tax timing, investment options, and how long the money is likely to last. Financial writers note that many winners default to the lump sum without modeling scenarios with professionals and understanding that, after taxes, the headline $1.7 billion quickly shrinks.​

Going public and losing privacy

Coverage in CNBC highlights that bragging about your win on social media or talking openly about it can invite lawsuits, scams, and constant money requests. Advisors repeatedly stress “keep it quiet” and, where allowed, explore ways to claim through a trust or remain anonymous to avoid becoming a target.​​

Experts also point out that winners often underestimate the emotional toll of overnight fame, which can strain marriages, friendships, and even personal safety if boundaries are not set early.​

Skipping a professional team

A recurring theme across NerdWallet, Business Insider, and other outlets is that trying to DIY a nine‑ or 10‑figure fortune is a costly mistake. Financial planners urge winners to assemble a small, vetted team—typically an attorney, a tax professional, and a fiduciary advisor with experience in sudden wealth—before claiming the prize.​

TO READ MORE:  https://www.yahoo.com/finance/news/financial-experts-warn-future-winner-175214867.html

Suze Orman: The No. 1 Greatest Lesson When It Comes To Your Money

Suze Orman: The No. 1 Greatest Lesson When It Comes To Your Money

Laura Bogart   GOBankingRates   Sun, December 21, 202

Learning about the smartest money moves that will help you build and preserve your wealth can seem complicated. Sometimes getting familiar with the terms and concepts feels a little like hearing the staticky crackle of Charlie Brown’s teacher in your head. But what if the No. 1 lesson you should learn about your money is actually incredibly simple? According to personal finance expert Suze Orman, it’s probably a lesson you’ve heard at least once: Plan for “what if.”

What if you experience a sudden job loss or a health crisis? Would you be able to support yourself financially? “What ifs” are the life events that can derail even the best-laid plans — and if you don’t prepare for them with a robust emergency fund, Orman said you’re leaving yourself vulnerable to financial devastation. The greatest lesson you could ever learn about your money is to save up and steel yourself for those “what ifs.”

In an episode of her podcast, Orman broke down why she emphasizes this lesson so strongly.

Don’t Think You’re Safe Just Because You Have a Good Job

Let’s say you’ve got a great job. You’re earning good money, and you have great benefits. You’re a homeowner and your car is in good shape, too. By all accounts, you’re living the American dream. You feel secure with that regular paycheck coming in. But then it happens: You’re laid off. Or, if you were one of the many federal employees impacted by the recent government shutdown, you’re furloughed or compelled to work without pay.

The plight of government employees during that shutdown gives Orman’s point urgency. She cautioned that the bottom can drop out of your world faster than you might think — and for reasons beyond your control.

“And now you don’t know what to do, and then all of a sudden you find yourself having to go to a food bank, even if you’ve had a great job,” she said. “And once again, we go back to the lessons of life, and what is the greatest lesson of life when it comes to your money, if you ask me? It’s to plan for the what-ifs of life.”

Plan Today To Protect Tomorrow

TO READ MORE:   https://www.yahoo.com/finance/news/suze-orman-no-1-greatest-010505619.html

Mark Cuban Says He Keeps a Large Part of His Portfolio in Cash — Here’s Why

Mark Cuban Says He Keeps a Large Part of His Portfolio in Cash — Here’s Why

Peter Burns   GOBankingRates    Sun, December 21, 2025

If you regularly tune in to the blogs, podcasts and videos of popular personal finance influencers, you’ll hear a lot of advice that they all seem to agree upon. One area of overlap is that you should invest a certain portion of your income. While this is solid financial advice, some finance experts, like entrepreneur Mark Cuban, think a large portion of your portfolio should be in cash.

Here are some of the reasons for keeping cash on hand.

Financial Opportunities

When it comes to investing, few can match the accomplishments of Berkshire Hathaway CEO Warren Buffett. Over the years, Buffett has made a name for himself as a top investor who preaches patience and holding for the long term. However, Buffett doesn’t just invest; he also holds a lot of cash.

Toward the end of 2024, Berkshire Hathaway’s cash reserves reached $325 billion, doubling the amount of cash it had at the end of 2023. Having cash on hand gives Buffett the upper hand in terms of flexibility. When a stock’s price dips and he determines it’s undervalued, other companies might not have the liquidity to buy it up on the spot. However, Buffett’s cash reserve allows him to jump at the chance and maximize his profits.

Not everyone runs a multinational conglomerate like Berkshire Hathaway, but holding cash can still give you the chance to take advantage of opportunities that may later arise. Whether it’s an undervalued stock, a property or a rare watch, if you have enough cash on hand, you won’t need to rush to sell any other investments to acquire it.

Market Volatility

TO READ MORE:   https://www.yahoo.com/finance/news/mark-cuban-says-keeps-large-180042189.html

6 Simple Ways To Become More Disciplined With Money, According to Rachel Cruze

6 Simple Ways To Become More Disciplined With Money, According to Rachel Cruze

Ashley Donohoe  GOBankingRates   Fri, December 19, 2025

The latest Ramsey Solutions State of Personal Finance report found that only 51% of American adults reported being happy with their finances, and 50% worried about money every day. Many Americans also reported problems paying for essentials and building their savings.

If you’re not disciplined with money, you’ll likely find yourself stressed and unhappy about your financial security and struggle to achieve your goals and grow your wealth. However, you can take steps to become more aware of your financial situation and avoid unwise spending decisions.

In a recent YouTube video, money expert Rachel Cruze discussed these six simple ways you can improve your financial discipline.

1. Follow the 24-Hour Rule

Deloitte data showed that 71% of Americans splurged in November 2025. If you’re guilty of losing money to this common habit, take Cruze’s advice to follow the 24-hour rule for unplanned purchases over a certain amount, such as $20. By making yourself wait and think through the purchase, you might notice the thrill is gone and decide against buying it.

Cruze added that this simple rule even worked for her daughter, who no longer wanted to buy a mini trampoline on Amazon after the short wait.

2. Check Your Bank Account Daily

While the thought of looking at your bank account daily might not excite you, Cruze explained it’s important for understanding what’s happening with your finances, both good and bad.

Checking your transactions allows you to recognize where you’re overspending, how much money is coming in and whether there are suspicious transactions to report. Plus, watching your account balance can help you avoid overdrafts, which can result in fees and other problems.

3. Track Your Transactions

Cruze recommended using a budget, which gives you a spending plan for different expenses that you can track and helps with building wealth through saving and investing.

TO READ MORE:  https://www.yahoo.com/finance/news/6-simple-ways-become-more-132204399.html