Sterling silver jewellery has two values assigned to it: the retail value of the piece and the value of the raw materials. You might find yourself with a broken chain or a ring you no longer wear. If this is the case, consider selling it as scrap metal. You can easily establish the value of your sterling silver on your own, without having to rely on the trustworthiness of a buyer.
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Things you need
- Jeweller's scale
Check the current value of silver in your local newspaper's financial section. You can also go on the Internet and search for "Silver Value" to find the most up-to-date value of the commodity.
Multiply the current price per ounce of silver by .925 to establish the value of an ounce of sterling, or .925 silver. The value of silver is for 99.9 per cent pure silver. Sterling, also referred to as 925 silver, is an alloy made up of 92.5 per cent silver with other metals added to make it stronger.
Weigh your silver jewellery on a jeweller's scale. Multiply the value of an ounce of sterling as calculated in step one by the weight of your jewellery to get the value of your raw silver.
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