Before using the calculator, there are a few things you may want to check
- Is it real silver?
- Is it 100% siver? Some items contain fillers of different materials that influence the weight and purity
- Does the collectable value outweigh the silver bullion value?
Using the Scrap Silver Calculator for Silver Coins:
The silver scrap calculator is particularly useful if you have bulk scrap silver coins you want to value. Sort your scrap by fineness (percentage of actual silver in the overall metal), and weigh your coins. Enter the weight in grams or ounces in the Coin .900 Purity row.
Using the Scrap Silver Calculator for Silver Jewelry
Scrap silver jewelry can often be found cheaply and the sliver calculator can be used to determine the bullion (melt) value of these items. Typical silver purities for silver jewelry are .925 (Sterling), .900 (Coin Silver), .850, .830, .825 and .800. Look for the fineness of your silver jewelry stamped on it numerically, or look for a hallmark. Common hallmarks are a lion with a raised paw (Sterling) and a boars head or crab representing .800 fine silver.