Q:

How do you calculate the price of scrap silver?

A:

Quick Answer

To calculate the price of scrap silver, determine the weight of pure silver contained in the silver objects, and multiply this figure by the current price of silver per ounce. Pieces of scrap silver are often silver alloys, so the purity of the silver is an important element of pricing.

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How do you calculate the price of scrap silver?
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Full Answer

CoinApps.com offers a simple silver pricing calculator. The user inputs the total weight and purity of the silver items, and the calculator multiplies the resulting total amount of silver by the current price of silver scrap.

Silver dealers express purity as a percentage, indicating what fraction out of 100 or 1,000 particles in the alloy are pure silver. For example, if a silver alloy has 95 percent purity, it contains 95 silver particles in every 100 particles.

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