If you have some old silver coins, jewellery or even bars then you may want to take advantage of the high silver prices by selling it for scrap. This has an obvious advantage as its irrelevant if the item is in poor condition or damaged. The only important factor when selling silver to a scrap dealer is its weight and purity. This way you can be sure of the price you will receive and there is no room for negotiation. There are many silver scrap dealers online now and you can simply sell your unwanted silver by sending it in the post. Make sure the dealer provides insurance for your postal delivery and agree a price before it is sent. Also check out the different websites as prices vary and not all dealers update their prices on a frequent basis.
The obvious disadvantage to selling your silver to a scrap dealer is that it doesn't take into account of the scarcity of the item. You may find you get a better price by selling the item online through companies such as Ebay or visiting a specialist dealer.

The price of scrap silver is dependent on a number of factors. The most obvious factor in determining the price of scrap silver is the current market price of silver, or the silver spot price. In recent years the spot silver price has been particularly buoyant and you can get up-to-date prices on this site. Many argue the silver price will continue to do well in years to come and many investors consider silver to be a safe, inflation beating investment.
In addition to the current price for pure silver, the purity of your scrap silver is an important consideration. The purity needs to be accurately determined because silver coins and silver jewellery often have a lot of impurities in the form of alloys. For example, the silver content of coins can vary anywhere between 40 % and 99%. Silver scrap dealers will use scales to accurately determine the silver content of your unwanted scrap silver.
In addition to selling your scrap silver online you can visit any one of the reputable dealers on the high street. Many scrap silver dealers can be found in the Jewellery Quarter of Birmingham and Hatton Gardens in London.