What is the price for silver? Silver scrap is one of those topics that you barely hear anyone talk about or mention. This is because the chances of you finding silver, in the can, out by the road is slim to none.
People do not usually throw away silver items. They either sell them or misplace them. Silver, just like other scrap metals, sells and is bought on the stock market everyday.
So what is the price for silver? Well today is, November 25 2016 and at this moment silver is worth $16.46 per ounce.
There are 16 ounces in one pound. If you had one pound of silver, you would have $263.36 For the current price of silver Click Here
I am rarely asked but when a fellow scrapper does ask me about selling silver scrap and where to find it; I always share the three same tips that I am going to tell you about.
On average, most people unknowingly give away $90 to $120 worth of silver everyday. Old coins are still circulating in every city and state.
Grab a pen, scratch paper and write down the following coins.
Dime, there are two dimes that you should keep an eye out for, the Roosevelt and the Mercury. At face value, both say that they are worth 10 cents but their silver content makes them both worth $1.19 each.
This includes any Roosevelt dime made between 1946 to 1964 and any Mercury dime made between 1916 and 1945.
Half Dollars, you may not come across these as often as other change but the Walking Liberty, Franklin and Kennedy half dollars are worth $5.95 each.
The year range to look for if you have either of the three is from 1916 to 1964.
There is also a second Kennedy half dollar still in circulation made between 1965 and 1970 that is 40% silver. It is not worth as much as the other three but $2.43 is still more than 50 cents.
All of the silver coins mentioned are still circulating. You can find them in cup holders, armrest, junk drawers, under seats, down in the couch, within the hand full of change from the cashier and even on the ground.
Every time that I go to the carwash and grocery store, I find at least two quarters or dimes.
Jewelry shops, coin shops and pawn shops are the most accessible silver scrap buyers.
The most important thing that you should know before you sell any silver that you have is the current buying price.
Second hand stores and garage sales are also good places to find scrap silver items.
Both have items such as silverware, necklaces, earrings, rings, cookware, watches and other knick knacks that are made of silver.
No, this is not a free option but $50 for a set of silverware that is made of silver is not a bad price. If the set weighs 3 pounds that would equal out to $790.08 worth of scrap silver.