Do you have unwanted silver jewelry, flatware, or even décor items such as candlestick holders that you’re not quite sure what to do with? Selling your silver can be a great way to unlock some cash while also de-cluttering your space. Many of our customers come in and want to know, can you sell 925 silver, and is it even worth selling?
At Pinto Gold and Jewellery buyers, we help customers sell silver for cash. We understand that selling your old silver jewellery or silver items can be a difficult decision to make. That’s why we are committed to helping you understand the process and know what to expect. In this post, we help you understand what your silver could be worth and if it is worth selling.
Have questions about selling your silver or are looking to book a free appraisal? Contact Pinto Gold and Jewelry buyers today and see why we are the silver buyer Toronto residents trust most.
What Is 925 Silver?
When looking to sell your jewellery, you may see that some of your items are stamped as 925 silver. Often, our customers wonder what this means and want to know if it is worth anything. 925 silver, often referred to as sterling silver, is, in fact, real silver though it is an alloy rather than pure silver. 925 silver means your item is 92.5% silver and 7.5% another metal, such as copper. This means that your 925 silver is valuable and can be sold.
How Much Can I Get for My 925 Silver?
Your 925 silver is valuable and is certainly worth selling if this is something you wish to do. Though knowing how much your silver is worth can be difficult to determine without an appraisal. How much silver you are selling and the current value of silver can influence what your item can be sold for. Always ensure you are selling to a reputable silver buyer to ensure you are getting the best possible price for your items.
Where is the Best Place to Sell 925 Silver?
When it comes to selling your 925 silver, you have a variety of options. Selling your silver online or selling your silver to a professional buyer are the most common ways to sell. However, you’ll want to keep in mind that there are risks associated with online selling. It is possible that you might get more for your jewellery by selling online. However, this often takes more time and requires significant effort on your part. In contrast, selling to a gold and jewellery buyer is often a fast and easy way to sell at a fair price.
Our posts, How Do Cash for Gold Stores Work and Where is the Best Place to Sell Sterling Silver, offer additional insight into selling options. Use these tips to determine which method is best for you to sell your silver. The experts at Pinto Gold are here to help; contact us today and let us support you in getting the best price for your 925 silver.
FAQs
925 silver, often referred to as sterling silver, is, in fact, real silver though it is an alloy rather than pure silver. 925 silver means your item is 92.5% silver and 7.5% another metal, such as copper. This means that your 925 silver is valuable and can be sold.
How much can I sell my 925 silver for? ›
925 price. Multiply 0.925 by the current value of silver, in this case, $22.76. For example, let's say that you have a piece of sterling silver jewelry that is 1 ounce in weight. Multiply 0.925 times $22.76.
How much is 925 sterling silver worth today? ›
Since sterling silver is 92.5% silver, one ounce of sterling silver will be worth $24.44 per ounce. The sterling silver 925 price per gram today is 0.85$.
What is 925 silver resale value? ›
They're not as expensive as gold, but still fall under the category of valuable jewellery! The price of 925 silver usually starts from Rs 299 and increases depending on factors such as size and current market value for silver.
Is it worth selling sterling silver? ›
At the very least, any sterling silver items will be worth the spot price of silver. Even pieces that are badly damaged or worn can be sold to a buyer who deals in these kinds of products.
Does 925 silver hold value? ›
It is an alloy made up of 92.5% silver, with the remaining 7.5% typically composed of copper or another metal. This composition enhances the metal's durability without compromising its value, making it ideal for crafting a range of jewelry and other items.
How much is scrap 925 silver per ounce? ›
Scrap Silver
| Purity | Price Per Ounce |
|---|
| .925 Jewelry | $23.44 |
| Hollow-Ware Silver | $24.02 |
| Sterling Flatware | $24.30 |
| Pure Silver | $28.09 |
7 more rowsExample: You have a sterling silver jewelry piece weighing 60 grams that you wish to sell. The effective silver weight would be 55.5 grams. Considering the spot price of silver is about $22 per troy ounce, the highest estimate you can have in mind is $22X1. 78, which equals about $39.
Which is more valuable sterling silver or 925 silver? ›
Real silver, which has a higher purity than sterling silver, is generally more expensive. However, silver 925 is a popular alternative due to its relative affordability. Despite being less pure than real silver, silver 925 retains its beauty and lustrous appearance.
What to expect when selling sterling silver? ›
There are many factors to take into consideration when selling your silver. It is essential to receive the best value for the items in question. To ensure the most profit, proper research into potential buyers should be done. Before any sale you should check reviews, consult price guides and ask about payment rates.
There are multiple ways you can sell silver jewelry, bullion, coins, or other items. You can sell your silver to local buyers in jewelry stores, pawn shops, and brick-and-mortar cash-for-gold exchanges. For the best chance at a high price, consider selling your silver to an online buyer.
Is silver worth selling right now? ›
Market analysts currently predict that silver will soon price higher than gold. As consumer confidence increases after the Covid-19 lockdown protocols, silver consumption is expected to be sky high. Right now, the coming months will be the best time to sell your silver to maximize your profit.
Is now a good time to sell silver in 2024? ›
All signs point to silver remaining a good investment in 2024. This means it's a good time to both buy and sell silver. But as to what this means to you individually, it's always best to seek professional financial advice before taking action.
How much is a ring with 925 stamped on it worth? ›
925 silver value is between $0.69 and $0.80 per gram on average. A sterling silver jewelry's cost can be calculated by multiplying the total sterling silver weight by 0.925 as it contains 92.5% pure silver.
Is silver 925 expensive? ›
Real silver, which has a higher purity than sterling silver, is generally more expensive. However, silver 925 is a popular alternative due to its relative affordability. Despite being less pure than real silver, silver 925 retains its beauty and lustrous appearance.
How to calculate 925 silver price? ›
925 * 1.23 ounces of sterling silver.) This gives you the number 1.13775 ounces as the amount of silver. To determine the value of your piece, take the total ounces of silver and multiply that by the current spot price of silver.
Is it better to sell or pawn silver? ›
Selling Silver to a Local Pawn Shop
There's typically room for negotiation, but you'll almost always receive far below what a reputable bullion dealer will offer. Therefore, we don't recommend selling to a pawn shop.
