Can I Sell Silver?
Silver can get passed down through generations and hold significant meaning to heritage or cultural significance. The value of silver can be affected by these factors, mainly if it dictates a particular area and is sold to a silver merchant from that location. We accept extensive collections of silver items or hallmarked silver pieces. However, suppose you cannot find a hallmark. In that case, there is a possibility your item is still silver, and we recommend getting in touch for us to evaluate it.
What is the Difference Between Silver and Silver Plates?
Silver is a material with intrinsic value and long-lasting monetary prospects. Of course, its value fluctuates with the market, but it can be guaranteed to remain a stable metal that can bring profit if bought and sold at the right moments in the right call. This is because silver has a melting value. However silver plate doesn’t. This means that contrary to silver, silver plate value will be determined on trends in fashion, style and what the buyer is willing to offer for a product. For example, suppose a particular piece of the silver plate matches a trending design made famous due to the media. In that case, the value of the silver plate will likely increase respective of the market value.
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Is My Silver Valuable?
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Silver will have markings to help you determine if it is genuine silver or fake. Often, the number “925, 900 or 800” or “sterling” are the authentic hallmarks of silver and indicate the purity level. The stamp shows the purity of the silver to be sold in commercial settings, with sterling silver having a purity level of 92.5% or higher and representing the manufacturer or silversmith mark. Each region of the UK bears different hallmarks and can be identified with an easy internet search. The hallmark should be accompanied by the date of manufacture, and any additional information about the piece may also be found here.
Another method you can use to investigate your silver piece is a magnet. Most precious metals are non-magnetic. If your magnets hold firmly to the item, you can confirm this is not silver but made up of other metals to give the impression of silver. Another way to test your silver is to notice if it has a significant odour, as real silver is odourless. Sulphur or metallic scents indicate the presence of other metals.
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Of course, you do not need to test the silver yourself. Instead, Pack It Post It can test and evaluate the items for you.
Sell your Silver Today
At Pack It Post It, we value a vast range of silver and silver plates sent to us. If you are interested in parting with your antique silver, you can send them to us for evaluation. Industry experts in their fields carry out our appraisals, so you can safely know that your silverware will be adequately assessed. The most tremendous respect is taken with antique silver and silverplate, giving it the care and dedication it deserves. If you want to get the process underway but are unsure how to start, feel free to contact us at [email protected] or drop us a call at 08001125512, we can’t wait to hear from you.
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