| Sell your scrap silver and you will have enough clash | | | | accurate idea of what you can get when you sell |
| flow to keep purchasing jewelry making supplies. Many | | | | scrap silver, one troy ounce is equal to 31.1034768 |
| jewelry supply companies have set a system that | | | | grams. |
| allows you to get credit for the silver scrap you send | | | | Now let's take a look at the price of scrap. Sterling |
| them. To sell scrap jewelry really pays off! | | | | silver is not pure, it is.925 silver with.075 base metal - |
| In the past I used to cut the silver into small pieces and | | | | usually copper. The formula used to calculate scrap is |
| solder them into my design. I was also melting the | | | | to pay .830 times the spot price of silver on the exact |
| scrap and using broom or water casting to incorporate | | | | day you sell. This is, less than.925, but it allows for the |
| into my work. I soon realized that it was more | | | | amount of silver lost in the refining process. It also |
| profitable to sell scrap silver and get credit to buy | | | | considers the condition of the silver when you send it |
| more supplies and materials. | | | | in. silver scrap that has solder in it or "dirty scrap", will |
| The process is fairly simple; it just requires some | | | | sell for less than what is considered "clean scrap." |
| organization to maximize your profit. A good start is by | | | | This is where organization is crucial. Keep you scrap |
| gaining an understanding of how the trading on | | | | separate as you work. Using a different container for |
| precious metals work. | | | | clean scrap, dirty scrap and scrap that has been fused |
| Silver like other metals has a price determined by | | | | with other metals helps you keep your studio clean |
| trading on the COMEX (Commodities Exchange). The | | | | and gets your scrap ready to be sent to the refiner. |
| price shifts daily. Check the price on a daily basis, by | | | | Empty the container into a storage zip bag on a |
| visiting the sites of many of the jewelry suppliers, who | | | | regular basis, this also keep the scrap free of dust and |
| post the daily price of precious metals. Visit the | | | | other particles in the environment. Don't hoard your |
| COMEX site periodically and get the daily price. Check | | | | scrap silver. Your goal should be to turn your scrap like |
| with your dealer and make sure he is paying you the | | | | the rest of your inventory. Remember that scrap silver |
| correct price this is what is going to help you decide | | | | does nothing for you unless you trade it in and turn it |
| when to sell scrap silver for the highest profit. I recently | | | | into usable material or cash. |
| made over $600.00 that I can now use to purchase | | | | Selecting a Scrap Jewelry Buyer |
| new materials. It is also important to always use a well | | | | Visit the different scrap jewelry buyer and compare |
| established and reputable company to sell silver scrap. | | | | their scrap selling policies, before you decide who you |
| Silver is weighed in Troy ounces. There are 12 troy | | | | sell scrap silver to. I have compiled some information to |
| ounces to a pound - making that old question "which | | | | get you started. Keep in mind that it does not include |
| weighs more - a pound of gold or a pound of | | | | every company that buys scrap. Policies also change |
| feathers?" seen in a whole different light. The answer, | | | | so check back periodically. Please visit the company's |
| of course, is a pound of feathers. To get a more | | | | site before you make your final decision. |