When it comes to jewelleries and collectibles, gold is always the first on the list. But these days, silver is also getting its fair share of popularity. Silver is cheaper than platinum and gold. Its value is higher these days compared to previous years. The value of silver is indeed very stable. People turn to silver, especially when the need arises. Furthermore, silver is a flexible metal. Silver has many uses ranging from kitchen utensils to appliances.
Acquiring silver scrap is very easy as long as you know where to find one. Following are tips that will help you on your hunt for scrap silver pieces:
Find Silver scrap from coin and scrap dealers. The tricky part here is to know where and how to spot legitimate scrap dealer near to you. You can try the yellow pages. You can also attempt to search the web or to ask a couple of friends. Well, lucky for you if you live in a small town or city. However, if you are living in the metro, your best shot is to find coin dealers in malls. You can also inquire in currency changer shops. They can even give you tips on where to shop for silver scraps.
Visit auctions site. You can either visit local auctions or online auction websites where you can bid for scrap. One of the best parts about auctions is that you can get what you want for a lower price unless of course there are not too many high bidders. Just keep your browser busy and you will discover that there are many auctions websites available today.
Probably the nearest place you should be looking for silver scraps is your jewellery box. Look for silver pendants, bracelets and other jewelleries that you think are no longer usable. Your grandmother’s old kitchen wares. You can also look at family heirloom pieces. Unlike Gold, silver is more practical and useful in the fashion and accessories industry. Several cufflinks, watches, bangles and belt buckles use silver as the main material. Just make sure that they are not plated. Moreover, silver is also useful in the production of kitchen utensils. You can look over your grandmother’s kitchenware. Try to visit garage sales or second hand shops and look for silver items.
In whatever kind of investment, everyone starts as a beginner. If you are a seasoned, silver investor, you probably know by now how to separate the fake from the real ones. However, if you are new in this kind of trade, it certainly helps to do a little research before jumping in this kind of business. There are many ways to educate oneself in this trade. Talk to jewellers, sellers and collectors. One very helpful tip that you can use is that fake Silver darkens when dipped in an acidic solution. Second tip is that the price of silver depends on its quality, age and rarity. The value of silver applies to all precious metals, the older the better.
In this kind of trade, you would like to earn money. It is also important to determine your budget and differentiate your needs from your wants to avoid spending more than you can afford. No one wants that to happen.