What to Know About Selling Your Silver At A Silver Pawn Shop

Wondering whether it is worth your time to try to pawn some silver? You have probably always heard quite a lot about how incredibly valuable gold is, but you may not know that silver values have been rising right alongside gold values. While silver is not worth as much as gold, it has still experienced a steady rise in value over the last few decades, and it is now quite a bit more valuable than it used to be. It is certainly well worth your time to take your silver into a local Silver Pawn Shop to have it evaluated.

There are a couple types of commonly found silver today, with sterling silver (usually marked with a 92.5) being the more common. Sterling silver is made from 92.5 percent pure silver and 7.5 percent base metals. The base metal used in sterling silver is usually copper, but this can vary. Sterling silver will keep its shiny silver color for the lifetime of the piece, though it may need occasional polishing to restore its original luster. The most popular way to use sterling silver today is probably jewelry. Many rings, pendants, earrings, and bracelets are made from sterling silver. Sometimes larger pieces like jewelry boxes, trinket holders, and even flatware may be made with sterling silver as well. The larger pieces are quite pricey if made from sterling silver, so these are less common.

A Silver Pawn Shop will also accept sterling with a mark of .999. This silver marking indicates that it is .999 percent pure, meaning that it is virtually totally pure silver. This is very fine (and very expensive) silver and is usually found in commemorative coins, in some table flatware, and in some decorative objects. It is sometimes used for jewelry, although sterling silver is by far the more common material for jewelry. 999 silver is more valuable than sterling silver, although both types of silver will be worth a nice sum today.

If you want to sell your silver, or any other precious metal or valuable object, consider a leading local pawn shop like Major Pawn. They have years of experience in the gold and silver buying industry and have skilled and courteous employees who can help answer any questions you may have.



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