Sterling Silver

(What is the process of selling used Jewelry & Scrap items)

Sterling silver has a silver content of 92.5%. Jewelry, flatware and serving pieces, for instance, that carry a “925” or “STERLING” mark are made of solid sterling silver. To determine how much actual silver is in the piece, we simply multiply the total weight by .925. The price we pay for customer’s damaged or unwanted sterling silver is determined by the following formula:

(Actual Silver Weight x Current Silver Price x .XXX)

For example, a customer would like to sell some unwanted and damaged sterling silver jewelry totaling 2 troy ounces of actual silver. A current silver price of $20 multiplied by two ounces multiplied by XX% equals an offer to buy the sterling for $XX.