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| Tips, Techniques, and Questions -- Technical questions or tips |
2013-12-11, 11:39am
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lov'in life!!!
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Join Date: Jun 07, 2005
Posts: 1,416
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Price of Sterling finding?
Does anyone know what the wholesale price is for Sterling Silver nowdays? I have SO much to get rid of but need a starting point:
TIA!
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Krissa
The past is history...the future is a mystery...today is a gift...that's why
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2013-12-11, 11:45am
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Dix Harrison
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Join Date: Mar 31, 2009
Location: KCKS - But my heart is in Scotland
Posts: 526
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Krissa, if you access the Rio Grande website, current prices are listed right at the top of the home page.
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2013-12-11, 1:16pm
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Senior Member
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Join Date: Aug 02, 2007
Location: Nahant Ma
Posts: 1,901
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According to Monsterslayer.com the price of silver today is $20.37.
Bob
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2013-12-11, 1:42pm
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MacGalver
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Join Date: Oct 15, 2006
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Remember the market price or spot price is a theoretical price for clean .999 fine silver in an "unformed" state. Sterling is .975, so technically would sell for a bit less, but there is also a fabrication charge for making it into sheet and wire (or findings, or whatever). Actually, even for making it into casting grain.... so usually if you price sterling at silver market prices, you're still going to be below the wholesale price for whatever it is you're selling. Good luck!
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2013-12-11, 2:18pm
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Senior Member
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Join Date: Aug 31, 2006
Location: Knoxville, TN
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The Rio site has a good description of how you can estimate the amount you will get from what you send in. Also remember that any scale you use will likely measure imperial ounces. Silver prices are for troy ounces. You can google a conversion rate.
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Kathy
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2013-12-11, 2:35pm
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lov'in life!!!
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Join Date: Jun 07, 2005
Posts: 1,416
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Thanks everyone. What about how many grams are in an ounce? I guess I should google, lol.
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Krissa
The past is history...the future is a mystery...today is a gift...that's why
we call it the "Present".
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