Atlanta Gold and Coin Buyers offers among the most competitive rates in the metro Atlanta area and beyond, making us one of the premier silver coin buyers in the industry. If you have silver that you want to sell, here’s what you need to know about determining its value.
We buy the following silver items:
Guide to Selling Silver Bullion
The value of your silver items will be determined by four factors: the spot price of silver, and your item’s weight, purity, and rarity.
The spot price of silver is the current price per troy ounce, as determined by the futures commodity market. A troy ounce is equivalent to 31.1 grams. Silver dealers may provide you with a quote in grams, ounces, or pennyweights. We have included a conversion table below for your convenience:
31.1 grams = 1 troy ounce
1 gram = 1.555 pennyweights (dwt)
Determining the Purity of Silver
After verifying the weight of your silver, we’ll determine the silver content or purity of your items. As you would expect, an item consisting of 99.9% silver (fine silver) is more valuable than an item that only has 92.5% silver content (sterling silver) or less.
Fine silver is soft and is not suitable for most jewelry, flatware, and other practical objects. Silver is often alloyed or mixed with other metals, usually copper, to improve its strength and other properties.
Sterling silver is composed of a mix of 92.5% silver and 7.5% of other metals and alloys. Most jewelry and silverware manufactured in the United States is stamped to indicate that it is sterling silver. The most common markings found on sterling silver are Sterling, SS and 925. However, foreign silverware may contain hallmarks rather than the previously mentioned stamps, so always have your item(s) evaluated if you’re not sure of the origin. At this time, we don’t purchase silverware or silver jewelry, but we are happy to provide referrals.
The above guidelines are meant to assist with the value of silver bullion and silver bullion coins. Another factor to consider with respect to your silver coins is the rarity or numismatic value. The age, mintage, mint location, and condition can all impact the value. It’s important to consult with a silver coin dealer who can help you determine if the value of your silver coins if worth more than the underlying silver content.
Ready to sell your silver bullion? Contact us now and receive a free and no obligation appraisal for your items. Dial 404-236-9744 for instant service. If you prefer, you can also arrange for a safe, hassle-free appraisal with our mail-in program.