Since sterling is only 92.5% silver and not 99.9%, the calculator subtracts the 7.5% that is not silver and displays the value of the pure silver portion only. Note: Regarding precious metals, .9999 is the purest form you can acquire. So from a practical standpoint, all of the calculations display 99.99% as 100% pure.
Use our free calculators to get the current scrap or melt value of gold, silver, sterling silverware, platinum or palladium.
Calculate the melt value of your 92.5% sterling silver items denominated in U.S.. Scrap Silver Melt Value Calculator U.S. Silver Coin Melt Value Calculator.
Sterling silver is only 92.5% pure silver (at least technically, but in practice it's less due to after melt weight loss and assay at .9 and not .925). 1 ounce of sterling silver is 0.843098958025 of a troy ounce of pure silver, or 84.3%.
The frustrating answer to this question is, â€œIt depends.â€ It's important to state at the outset that selling for scrap generally yields the lowest value of all the options .
The current price of Sterling Silver (anything) is $13.17 per Ounce (oz), or $0.46 Per Gram (g) Sterling silver is defined. Sterling silver is defined as 92.5% pure silver and is widely used in high end cutlery, jewelry, and pitchers.. Melt Value.