Over time, a large number of silver jewelry and cutlery accumulate in caskets and on shelves. How to sell it and calculate the cost of the product, based on the price of 1 gram of silver? Look for answers in this article.
Many owners decide to get rid of unnecessary silver items by simply throwing them away, but the more adventurous ones turn them in for scrap. Then a logical question arises about how much a gram of silver costs. After all, you never want to miscalculate by selling silver to dishonest customers.
First you need to understand the principle by which the preparation and sale of silver products in a pawnshop takes place, determine all the conditions and nuances that you may encounter at the time of signing the silver sale or pledge agreement.
How is the delivery of silver scrap
Before you go to a pawnshop, you should carefully inspect the items being handed over to scrap to know what to offer at what price. It is possible to accurately calculate how much 1 gram of silver costs by determining the sample and the state of the jewelry.
The silver deposit procedure itself is quite fast. Before you hand over the jewelry or any other product, you should carefully consider whether you want to return it. The choice of one of two options depends on this: surrender with subsequent redemption or without it. Based on this, the type of contract will be determined, since the person selling the product does not have any complaints against the buyer and vice versa, in this case no obligations arise on any side in the future.
Procedure for putting silver into scrap
- First, the sample, weight and condition of the product are evaluated.
- The conditions of admission are determined and how much is a gram of silver handed over for scrap.
- An agreement is drawn up based on the owner’s passport data.
- The contract is drawn up according to the characteristics and description of the product, taking into account whether the product will be redeemed.
- If the owner wants to return it in the future, a loan agreement is drawn up indicating how much a gram of silver is worth, as well as the full price for the product.
How to hand over a product with subsequent redemption
It is important to specify all the details of the transaction, including the period for which funds are issued. Most often, the product is retained for a period of 1 year, sometimes indefinitely. The percentage of collateral is usually from 5 to 7%.
After discussing all the conditions preceding the acceptance of the product, a contract is drawn up and signed on two sides in duplicate. One of them remains in the pawnshop, and the other remains with the person who transferred the silver item to the pawnshop. There is also the concept of a security ticket, which is a check for the issuance of a security deposit against a held jewelry or other silverware. Then go to the main stage of the issuance of funds.
Change without redemption
This type of transaction is distinguished by the absence of a subsequent repurchase, and hence subsequent obligations. This simplifies the process of drawing up a contract and determining the conditions for it.
A product delivered to a pawnshop under such conditions will automatically become the property of the establishment.
How much is a gram of silver in a pawnshop
In difficult life circumstances, and not if you just want to get rid of “trash”, it is better to sell more expensive metals, which are of great value to buyers.
How much is a gram of silver in a pawnshop? The delivery of silver in specialized institutions for the delivery of scrap of precious metals implies that its price will be low. This is due to the fact that buying cheap metals is on the verge of profitability for a pawnshop, so you should think about the desire to hand over the product to a pawnshop, as well as whether you want to buy it back at a higher price.
There is a significant difference in pawnshop prices and prices of enterprises for the purchase of precious metals. The purchase price will be higher, differing from how much a gram of silver costs in a pawnshop. All this is explained by the risks of such enterprises, since in a pawnshop there is a possibility of returning a valuable product to the owner at a price not significantly higher than the initial purchase price.
How is the price of the product determined
The cost of silver in a pawnshop depends on the sample, the appearance of the product and how to sell it. For example, the price of jewelery or cutlery in good condition that can be resold is set much higher than the price of scrap, which requires re-melting costs.
Antiques should initially be attributed to a specialized pawnshop, where they know the price of such products at appropriate prices. It will take into account the artistic performance and historical value of the product.
How does the product test affect the price
What is a jewelry test? This is a certain standard that determines the purity, metal content in the product, as well as its relationship with other metals in the alloy.
999 test is the highest alloy. This figure means that the alloy contains 99.9% silver. This type of alloy is not practical enough, since products from it would quickly bend, although they would not enter into chemical reactions with the environment.
The sample with a sufficiently high silver content, but enriched with other metals to increase strength, is 925 and is extremely appreciated by jewelers because of its ease of processing. Copper gives pure silver strength and beauty, while retaining the plastic properties of the metal, so from such an alloy you can perform work of any subtlety and filigree without bending valuable metal. In addition, the 925 sample for a long time does not enter into oxidative reactions and does not darken, compared with samples of a lower order.
How much is 1 gram of 925 sterling silver and 999?
You can turn a silver jewelry into a pawnshop and receive a certain amount of money at any time. That is why such barter is popular among people. Before you hand over the product, you should study the precious metals market and try to determine for yourself how much a gram of 925 silver or other credit costs.
The price of silver products can vary within a very wide framework: from 40 to 100 rubles per 1 gram. Main criteria: type, weight, size of the product, fame of the manufacturer and the complexity of the implementation. A large role is played by the technologies used in the manufacture and the artistic value of the product. Today, pawnshops buy scrap silver 925 at a price of about 30 rubles per gram.
Calculating how much a gram of 925 sterling silver costs is very simple. To do this, it is enough to know the discount price of the Central Bank of Russia today. Then you need to multiply it by 0.925 or 0.999, respectively. Unfortunately, this price is constantly changing, and the buyer himself has the right to evaluate the condition of the product at his discretion, however, it is possible to calculate the approximate final amount.
How to calculate the cost of the product
The cost of a product is calculated very simply: it is necessary to multiply the number of grams of metal of a certain sample by its price, which is officially proposed by the Central Bank of Russia. If the price offered by the buyer is lower, you can safely refer to official sources.
It is important to remember that after the time period set by the buyer, it will be possible to buy the jewelry for the sale amount with the addition of a small percentage from above, so it is better to pay attention to the percentage in the pawnshop.