When you want to sell Silver to a Silver Buyer you need to follow the 4 steps here ie
IDENTIFY - WEIGH - CALCULATE - SELL
1/ Identify the purity of the Silver you may have and wish to sell and put them into purity groups.,
2/ Weigh each silver purity group
3/ Calculate the price we would pay for each silver purity group and get a total and Finally
4/ Sell your silver to us. Remember the price for silver our calculator shows is the price you will get providing your weights and purities are correct. Remember also weight can be deducted for stones, springs, and non-silver metals etc Either send it to us or call in to our silver counter.
Step 1 Identify Silver Purity - Use The Hallmark Chart
Most UK silver sold is mainly
925 Silver (ie 92.5% pure silver) is Sterling Silver if you see the lion passant symbol or lion rampant symbol (Scottish ) mark you an be assured it is sterling ie 925 silver . English silver coins before 1920 (1919 and before) are sterling ie 925 silver ie old Crowns, Half-Crowns, Florins, Shillings, Sixpences and Threepences
Sterling Silver can be represented by the number 925 or just have the lion mark/makers mark/assay mark and date letter ie
999 Silver (ie 99.9% Pure Silver). This tends to be in the form of bars and pure silver coins eg Brittanias, Maples, Pandas etc . It is often represented by the number 999
800 Silver (ie 80% PureSilver) is Continental Silver represented by the number 800. There is also a 900 or 90% silver mark and many foreign coins can be 800 or 900
500 Silver (ie 50% PureSilver) is today mainly to be found in English silver coins dating from 1920-1946 ie old Crowns, Half-Crowns, Florins, Shillings, Sixpences and Threepences
Split the silver that you have into seperate piles .
Step 2 Weigh Each Pile of Silver Separately
Weigh each separate pile of silver that you want to sell (ie the silver that you have split into its various purities) and record the weights in grams. If you only have kitchen scales, your weights will be approximate. if you can only weigh in ounces then remember that cooking scales will calculate an ounce as a cooking ounce (28 grams) whereas as Jewellers scales calculate an ounce as a Troy ounce ie 31.1 Grams
Non Gold /Silver metal/stones etc
NB we do not pay gold or silver price for springs, wire, stones, and metal in your Gold or Silver . We will deduct a fair weight for all non-gold /silver metal in your items in-line with industry practice. remember there are springs in clasps, wuite wires in bangles as gold and silver is not flexible. Your gold and silver items might also have stones. we do offer good diamond prices for diamonds above 25 points.
Step 3 Calculate the Value of Your Silver
Using our online gold calculator
Our silver and gold calculator shows the actuall price we pay you. We note that some gold and silver buyers show the spot or full market price on their websites first. This is misleading and implies that they will pay 100% of the spot price. They do not If they did they would not make a profit. Underneath, often hidden you will find the price they actually pay. These companies are to be avoided. Our gold and silver calculator show the price we actually pay ou and is accurate and up to date.
To use the calculator first click on the white space right of the carat/purity section of the calculator (roughly in the middle where it shows 9 carat first) The drop-down box will show up
Select the carat you want to get the value for. In this case we have selected 925 ie sterling silver .Then enter the weight of the eg sterling silver that you have weighed in the previous step. In this case we had 10 grams of sterling silver which is worth £3.48. if you had 100 grams the price would have been £34.80 etc. You could have considerably more (Price is at 10/10/17.) Prices could be up or down since then but remember the calculator rate changes daily. NB You don't have to press any more buttons, the price of your sterling silver shows up in red as soon as you have entered the weight
Finally remember also weight can be deducted for stones, springs, and non-silver metals etc. Its a good idea to estimate weight loss at this stage if you can. if not we will agree with you a suitable amount via the phone call we will make to you
Step 4 Selling to Us
Once you have established the price for your various silver purities you can either
Call in to sell your silver Visit our Gold & Silver Counter Page Here Don't forget ID eg DVLA/Passport
Post Your Silver. To Post Gold and Silver To us Read our Postal Gold & Silver Page Here
Telephone Us on 0121 448 0488
Sell Gold & Silver - 8 Top Tips
Where is the best place to sell Gold and Silver. Who pays the best prices for Gold and Silver? These 8 top tips will guide you in making the right decision to get you the best price for your gold and silver jewellery and scrap
1/ Sell Gold Prices Should be Transparent. Never sell your Gold and Silver to any gold buyer either online or in person, that does not publish transparent gold and silver prices ie via a calculator or in written form
2/ Sell Gold & Silver Calculators. Check Gold calculators carefully. Read the small print. Avoid trying to sell your gold and silver to companies that publish "up to" prices or who ask you to phone for an accurate price. Ask yourself what are they hiding?. Also check that the price isn't just the market spot price ie it is a price that will actually pay. No company in the world pays spot price for gold, they pay a percentage of it , so if they show spot price ask yourself why they are not showing the actual price they are paying Our calculator shows the price we pay (less if applicable non-gold metal weight and stones weight of course see below). Avoid companies that hide their gold and silver prices.
3/ Avoid Gold Comparison Websites. Never use gold comparison websites, they are rigged as a search on google will reveal. we know of a few gold comparison websites that list some very poor paying companies and even the winner pays 40% less for gold and silver than we do. often these companies have made up names like postyourgold4cash, that sort of thing.
4/ Avoid Gold Packs. Avoid companies that send out gold packs. Its a gimmick. You can pick up Special Delivery envolopes from the Post Office free of charge to post your gold and silver items and who do you think bears the cost of these gimmicks? You do, nothing is really free. the cost of these gold packs are taken off the price you receive for your gold and silver.
5/ Check Carat and Purity. Always check the carat and purity of your gold and silver and weigh them separately. . Group your items into the correct carat/purities before weighing each group That way you can use an "actual price" online gold calculator to get an accurate value of your gold and silver items, For more information on selling in this way see our sell gold guide or our sell silver guide
6/ Cut Out the Gold & Silver Buying Middleman. Avoid selling your gold and silver to local jewellers, antique dealers and gold buyers. Think about it. Local jewellers, antique dealers and local gold buyers simply sell on their gold and silver to companies like the Birmingham Gold Company who buy from the Trade all over the UK. They have to make a profit. Cutting out the middleman can earn you up to £5 per gram for 9 carat gold. That could mean an extra £500 on a 100 gram gold chain. Also do not fall for the "I'll buy your gold and silver as an item instead of scrap" line. Most local jewellers antique dealers and gold buyers will want to pay less than scrap price for your gold and silver. That way if they can't make a profit selling them on they at least they can make a profit by selling to companies like the Birmingham Gold Company
7/ When You Sell Gold and Silver. By Post Always know your weights and carat and use a safe courier. Special delivery is best But most importantly make sure that if you do not accept their offer ie because it is too low that they will return your items to you free of charge. That way they do not have you over a barrel. before sending off your items make sure you have split them into the right carats/purities and keep a not detailing these and of course the weights for each group. Do expect deductipons for non precious metals in your gold and silver jewellery and scrap ie clasps, stones etc but this loss should be small
8/ When You Sell Gold and Silver In Person. If they take your items and weigh them in a back room instead of in front of you, alarm bells shoiuld be ringing. Make sure you are organised ie that your gold and silver items are split into carats/purities and that you know the weights. Do expect deductipons for non precious metals in your gold and silver jewellery and scrap ie clasps, stones etc but this loss should be small. Always ask for any gold or silver test to be explained to you.