Before diving into the worth of sterling silver, let's first understand what it is. Sterling silver is an alloy composed of 92.5% pure silver and 7.5% other metals, usually copper.
This combination means that it looks good and stays looking good for longer. You can identify sterling silver by the hallmark "925," which indicates the silver content.
What influences the value?
There are a few different factors that contribute to the value of sterling silver, making it more than just a shiny metal. Here are the key elements that determine what silver’s worth:
The weight of your sterling silver plays a crucial role in determining its value. Generally, the heavier the piece, the more valuable it is. Jewellers and collectors often assess silver in troy ounces (a type of measurement used for precious metals and gems), having an accurate weight measurement is essential.
The overall condition of your sterling silver significantly impacts its worth. Items in excellent condition, free from tarnish, dents, or scratches, are generally more valuable. Regular cleaning and proper storage can help maintain the condition of your pieces.
Age and rarity
Researching the age and rarity of your silver can provide insights into its potential worth. Obviously the rarer the piece, the more likely it is to be worth more. Age is a little different as it depends on the piece, quality and condition but some pieces can be worth more if they’re older.
Like any commodity, the value of sterling silver is influenced by its demand. If silver is more in demand then it’s usually more expensive – the same goes for gold and other precious metals.
The value of your sterling silver goes beyond its shiny surface. A combination of knowledge and research will help you find out its value. If you’re unsure, it’s always best to speak to a jeweller to get a valuation for any sterling silver jewellery that you might have.
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