Investing in scrap silver is a boss way of generating money in these hard times. There is a straightforward calculation you should work by to make sure you always earn money. (In a nut-shell, it is this: you must pay less for the silver when you buy, than you expect to sell it for. This necessitates discovering the current silver price before you leave your house on a buying trip. My favorite method is a google search. You are not going to be paid a lot more than 75 percent of the price that is quoted online. This is because whoever you sell to will need to make money too.
You can find scrap silver in many forms, including coins and medals, jewelry and pendants, and objects like candlesticks, coffee pots and serviette-holders. You might be able to find scrap silver at garage sales, car boot sales and junk stores. Be inventive in your pursuit of under-priced silver. Because you are unable to pay the top price for silver, you have to go to outlets who are unaware of up to date rates. So there's little point browsing in dealers in antiques, auctions or jewellery shops. There is a link to my site, ScrapSilverScrapGold.com, after this article that gives more help about this.
Buying silver scrap the easy way involves knowing what you are up to; there are two helpers you will want to carry with you. Numero one is a set of metal scales. Second on the list is a gold and silver testing kit. You can get both items on the web from sites such as Amazon for around $100 the pair. If you do not have a testing kit, you can easily economise by carrying a roll of aluminium cooking foil with you. A fast and very easy way to discover if an item is silver is to spit on it. Then quickly wrap it snugly in cooking foil for up to half a minute. Open the foil up. If the smell is terrible, like rotten eggs, then the product is silver. This will definitely not harm the product in any way.
The easiest method you can use to tell whether an item is silver or silver-plated is by seeing if there's a stamp or stamped number on the product itself. The number 92.5 will inform you that ninety-two percent is silver. Various types of silver exist. For instance unmarked silver may be under 71% pure. Any plate silver item consists of another metal but with a very thin veneer of silver over it and is invariably marked EP.
You have to be careful when you buy and even more careful when you sell. Nothing attracts a scam artist more surely than someone new to a business. Try and look like you know what you are doing. This means you have to do lots of research. A wonderful source of information is my Scrap Silver Scrap Gold internet-site. Simply click on the link that follows.
You can find scrap silver in many forms, including coins and medals, jewelry and pendants, and objects like candlesticks, coffee pots and serviette-holders. You might be able to find scrap silver at garage sales, car boot sales and junk stores. Be inventive in your pursuit of under-priced silver. Because you are unable to pay the top price for silver, you have to go to outlets who are unaware of up to date rates. So there's little point browsing in dealers in antiques, auctions or jewellery shops. There is a link to my site, ScrapSilverScrapGold.com, after this article that gives more help about this.
Buying silver scrap the easy way involves knowing what you are up to; there are two helpers you will want to carry with you. Numero one is a set of metal scales. Second on the list is a gold and silver testing kit. You can get both items on the web from sites such as Amazon for around $100 the pair. If you do not have a testing kit, you can easily economise by carrying a roll of aluminium cooking foil with you. A fast and very easy way to discover if an item is silver is to spit on it. Then quickly wrap it snugly in cooking foil for up to half a minute. Open the foil up. If the smell is terrible, like rotten eggs, then the product is silver. This will definitely not harm the product in any way.
The easiest method you can use to tell whether an item is silver or silver-plated is by seeing if there's a stamp or stamped number on the product itself. The number 92.5 will inform you that ninety-two percent is silver. Various types of silver exist. For instance unmarked silver may be under 71% pure. Any plate silver item consists of another metal but with a very thin veneer of silver over it and is invariably marked EP.
You have to be careful when you buy and even more careful when you sell. Nothing attracts a scam artist more surely than someone new to a business. Try and look like you know what you are doing. This means you have to do lots of research. A wonderful source of information is my Scrap Silver Scrap Gold internet-site. Simply click on the link that follows.
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