price of scrap silver

[sammmo]

I have some old silver for sale .. nothin nice only scrap pieces..my question is..how much should i expect to get per gram of scrap silver..

[bert_h]

Spot silver is about £21.50 per Troy ounce, which is 31.1 grams, so that's pretty close to 70p per gram. Any bullion dealer offering you less than 55p is probably in breach of his licensing conditions.

[sammmo]

thanks bert_h so if i aim to get around £0.60p per gram I would'nt be far out.. This silver is 925 is that the same as spot silver?

[mazie]

It's sterling silver sammmo. about 50p per gram I would say

[NOX]

No such thing as a bullion dealer's licence since the 60's- and then only briefly-anyone from 1971 onwards can buy as much or little silver and gold as they please including coins.
I'm getting 51p per gram for .925 which is the most common so Mazie is right anything around 50p is about right.

[chrissa1]

I've sold my scrap through this site.
http://www.cashforyourgold.co.uk/