Selling silver explained

Scrap silver prices explained: how your item is valued

A scrap silver offer depends on the silver confirmed in your item, the eligible weight and the buying rate that applies when it is assessed. This guide explains those steps and why a market price is different from an offer.

For an indicative estimate using current calculator options, try the silver calculator. The final offer is confirmed after we assess your item.
From item to offer

How a scrap silver offer is assessed

First, the item’s silver content must be checked; a stamp is a clue but does not by itself verify the whole item. Next, the eligible silver weight is established, allowing for stones, fittings or other materials. A buying rate appropriate to the assessed item is then used to produce an offer. Ask us to confirm the current rate and final amount for your item before deciding to sell.

For an indicative estimate, use our silver calculator. For an explanation of silver market units and fineness arithmetic, see the silver price per gram guide.

A separate reference

Market silver versus the rate for your item

A fine-silver market price describes metal trading; it is not the amount a buyer pays for a particular piece. Purity, eligible weight, the buying category and the assessment all matter. The silver price chart shows dated market history; the silver calculator is the place to start for an indicative selling estimate.

What affects an offer

The item matters as much as the rate

Fineness

A number stamped on an item is a clue, not proof of its composition or a complete UK hallmark. The silver content may need to be checked.

Net silver weight

Stones, fittings and non-silver components should not be assumed to have the same weight or rate as the assessed silver.

Item type

A coin or distinctive piece may need an individual assessment rather than treatment as ordinary scrap metal.

Want to know what your silver could be worth?

Use the silver calculator for an indicative estimate, then ask us to assess the item before you decide whether to sell. If you are looking to buy silver instead, visit the silver shop.