That old sterling silver spoon is for more than just eating! Yes, sterling silver is a commodity that you can either barter or get a great deal of money for. To help you understand the value of sterling silver, here is the break down from an actual question about sterling silver price and the value of metals. (Image by Wystan via Flickr)
So if you did not quite understanding what I was talking about before, sterling silver has two price tags on it. If you were to sell a sterling silver antique as a collectible there is that price, there also is the price that you could get for the silver.
When it comes to selling collectible sterling silver items just for the silver you first need to how much silver is this collectible made up of. Then you need to calculate in troy ounces how much that silver weighs.
Once you have figures out the weight you then have to multiply by .925. This will give you the silver content. Once you have done this you are just a step away from finding out how much you would get just for the silver in your product. You would then have to know what silver is currently going for and then multiply by that. This will tell you you're payout.
Now that we know approximately what the silver is worth, we can talk to a precious metals dealer or foundry about what we can expect as a price for selling our pieces of sterling to them. Their offer will be less than the dollar number we arrived at because the dealer or foundry has expenses to cover and needs to make a fair profit. Generally, you should think in the range of a 30 percent to 40 percent discount from the "spot price" value.
Sterling silver collectibles can also be sold for the antiques that they are. With looking into selling it this way do your homework on if it is something even worth selling and that is sells more than the silver value alone. If not, do not sell it as a collectible and short change yourself.
...More at Items can have more than 1 value
You have known figures out what to do with your sterling silver antiques. Hopefully this information has been insightful and has helped you come to a conclusion on what to do with your collectibles.
So if you did not quite understanding what I was talking about before, sterling silver has two price tags on it. If you were to sell a sterling silver antique as a collectible there is that price, there also is the price that you could get for the silver.
When it comes to selling collectible sterling silver items just for the silver you first need to how much silver is this collectible made up of. Then you need to calculate in troy ounces how much that silver weighs.
Once you have figures out the weight you then have to multiply by .925. This will give you the silver content. Once you have done this you are just a step away from finding out how much you would get just for the silver in your product. You would then have to know what silver is currently going for and then multiply by that. This will tell you you're payout.
Now that we know approximately what the silver is worth, we can talk to a precious metals dealer or foundry about what we can expect as a price for selling our pieces of sterling to them. Their offer will be less than the dollar number we arrived at because the dealer or foundry has expenses to cover and needs to make a fair profit. Generally, you should think in the range of a 30 percent to 40 percent discount from the "spot price" value.
Sterling silver collectibles can also be sold for the antiques that they are. With looking into selling it this way do your homework on if it is something even worth selling and that is sells more than the silver value alone. If not, do not sell it as a collectible and short change yourself.
...More at Items can have more than 1 value
You have known figures out what to do with your sterling silver antiques. Hopefully this information has been insightful and has helped you come to a conclusion on what to do with your collectibles.
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Thinking about selling an old sterling silver antique? Well here is some helpful tips to follow when it comes to knowing the sterling silver price and also the price as just a collectible
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