How to Use the Silver Scrap Calculator
Our Silver Scrap Calculator helps you determine the fair value of your scrap silver before selling to a dealer or refiner. Here's how:
- Weigh your silver using a kitchen scale or jeweler's scale. Accuracy matters — even a gram can make a difference.
- Identify the purity by checking for hallmark stamps (925, 999, 800, etc.) on your item.
- Set dealer discount to estimate what a buyer will actually pay. Most dealers pay 80-95% of melt value.
What Counts as Scrap Silver?
Scrap silver includes any silver item sold primarily for its metal content rather than as a finished product:
- Broken or damaged jewelry (rings, chains, bracelets)
- Old or tarnished silverware
- Silver coins with no numismatic premium
- Silver dental work or electronics scrap
- Mismatched or unwanted sterling silver pieces
Tips for Getting the Best Price
- Know your silver's purity before visiting a dealer
- Get quotes from multiple buyers
- Check the spot price on the day you sell
- Consider selling online to refiners for higher payouts
- Separate items by purity to get accurate quotes