Selling silver isn’t usually the first thing people think about when looking to sell precious metals – it’s usually all gold. But selling silver can be worthwhile if you approach it sensibly.
Silver sells in many forms. Finding silver in your home, car-boot sales, or even in charity shops. Silver picture frames, cutlery and solid-silver jewellery are common items people choose to sell.
A straightforward route when selling silver is bullion coins and bars. These are widely traded and typically simple to sell.
Higher-purity solid silver is generally valued more than plated items. Sterling silver is 92.5% pure silver (.925). Fine silver (.999) contains more pure silver than sterling and is also used for bullion coins and bars (for example, UK Silver Britannias have been .999 since 2013).
Keep an eye out for sterling silver hallmarks. Silver with a stamp of “STERLING” or “925” (for 0.925) is considered sterling silver.
As volatile as the silver market is, you can turn the volatility into money in your pocket. Finding high-quality silver, learning how to anticipate the market, and selling when silver is high before it dips off again will help you turn your silver into pure cash. Contact Cheshire Gold Xchange for a transparent quote based on today’s market rate.
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