How to Price Second Hand Sterling Silver Jewelry for Maximum Value and Profit

To price second-hand sterling silver jewelry, calculate the pure silver content by multiplying the weight by the sterling silver composition (0.925). For example, 100 grams × 0.925 = 92.5 grams of pure silver. Convert this to Troy ounces: 92.5 ÷ 31.1035 = 2.9739 ounces. Multiply by the current market price (e.g., $29.07) for the total … Read more

Price Your Jewelry: Tips to Calculate Value Based on Silver Prices

To price your jewelry based on silver prices, start with the melt value. Multiply the spot price of silver by 0.925 for sterling silver. Next, factor in production costs like materials, labor, and overhead. Use pricing formulas, such as doubling your costs for retail and wholesale pricing, to determine final prices. Next, weigh your silver … Read more