925 Sterling

laxmaster92

I know this is a little off topic but, my mom has a bunch of sterling silver jewelery(bracelets, necklaces) thats all marked with 925 fineness.

Can anyone tell me the current spot of 925 Sterling per ounce and how it compares to bullion silver?

Also, anyone have any advice on how to liquidate it?

thanks

gecko109

Multiply current spot by .925 to get the price per ounce of sterling. Multiply that number by the total weight of your jewelry. Ship it all to Midwest refinery. They wont jerk you around.

coynclecter

also keep in mind that its weight in troy ounces not av ounces like the bathroom scale, there are online converters.
also expect to get about 90% of the refined value as they need to make a buck doing all the work. So expect about 82% of the spot silver price per "troy" ounce.

meluaufeet

If your Mom needs the cash... I hope you are able to buy it... and hold it.

cladking

To get troy ounces just multiply by 28 and divide by 31.1

Weg

From here I've heard the best place to liquidate is here I've used them and they seem to be very fair.
Edit to add: I thought to convert to troy take the number of avp ounces and multiply by .9114583 which will then equal troy oz.

cladking

<< <i>From here I've heard the best place to liquidate is here I've used them and they seem to be very fair. >>



That looks very fair.

cladking

I wonder what they pay for 40% and 35%. Mixed world silver, etc...

edited to add a little closer look found this;



<< <i>Midwest Refineries does not accept silver-plated material.
We do not accept U.S. clad silver coinage (1965 to present).
We do not accept silver electrical contacts.
Midwest Refineries does not accept Silver brazing wire.
We do not accept any foreign coinage.
We do not accept nickels.
We do not accept nickel silver (nickel and zinc)
We do not accept any magnetic silver materials. >>

Weg

Thought we were talking about sterling.