Sell Scrap Silver from Jewelry Making
Question: I have a large amount of .925 beads of all kinds including letter beads, clasps and toggle clasps – probably about 2+ pounds. How much is this worth and when can I receive a payment? From Gina in Jackson, Michigan
Thanks for your question! The scrap silver items you describe sound ideal for a precious metal refiner, as your scrap pieces have a significant value for their silver content. We could refine your material and pay a return back to you in 3-5 business days.
We would recommend plugging in the amount of silver you have with the price of silver currently at *$30.36 USD/troy ounce into our silver value calculator. This will give you the market price of your silver scrap (not the purchase price).
Note how we have selected 0.925 silver as we are assuming that all of your silver items are sterling. If not all your items are sterling, the return will be less. Typically we can return 75% of the silver back to you for sterling silver.
We work with many customers who have gold and silver scrap for jewelry making that have found that working with a precious metal refiner price will yield a higher return than trying to resell it for jewelry making as many pieces can become outdated or undesirable to use again.
Hope that helps you!
*This price may not reflect the current price of silver when this blog entry was posted. The output from the calculator is not a confirmation of the purchase price from Arch Enterprises.
While we are happy to give estimates on precious metal items, we are NOT antiques dealers, researchers, or retail sellers. As a precious metal refiner, we only consider the weight and amount of precious metal available to extract during the smelting and refining process.