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
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