Scrap Silver Prices - Gerrards Bullion

Scrap silver prices

Are you looking to sell scrap silver jewellery, or silverware? You can sell your scrap silver to us via post, or come directly to our London Hatton Garden office for a free valuation.

Use our scrap silver calculator to get the value of your silver jewellery. Our buying prices are updated in realtime (each minutes), and based on the Live Silver Price in GBP.

Please note: these prices are used as a guideline. The price we will pay might vary because 1) the silver price changes every minutes, and 2) it will be calculated on the day we receive your goods.

NB: these prices are for reference only. Buying price might vary at the time we receive your goods.

Display price per :
Today scrap silver prices
We pay per gram Quantity Subtotal
silver 500 £ 0.329
silver 800 £ 0.531
sterling silver (925) £ 0.621
silver 958 £ 0.644
fine silver (999) £ 0.672

This table lists the scrap silver prices per gram that we pay today for each type of silver, including silver 500, sterling silver (925) and fine silver (999).

Our scrap silver calculator makes it quick and easy to calculate the value of your silver jewellery, based on its carat.

The value of your scrap silver today is : £x ....

Are you also looking to sell gold, platinum, palladium ? Use our Full Online Calculator to calculate the value of all your goods

Online Calculator

What type of silver we buy?

We buy any type of silver jewellery (old, new or broken), as well as silver bar and bullion coins.

We also buy silver from jewellers workshops (lemels and sweeps), as well as silver from industrial sources.

Silver FAQ

1What is the difference between silver and sterling silver?

Items like jewellery or silverware are made in sterling silver, and contain 92.5 % silver and 7.5 % alloy (copper or zinc), to make them more durable. These include jewellery, silverware, plates, platters or coffee sets.

In comparison, fine silver is pure and does not contain any other metal. So the difference is that sterling silver is 92.5 % pure while fine silver is 99.9 % pure

2Is all 925 silver hallmarked?
Usually, items made of sterling silver (925 silver) contain a 925 hallmark. However, not all items are hallmark. You can come directly to our office to assess if your goods are sterling silver.
3How do I know if my silverware is real?

There are multiple ways to assess if a silverware is real or not.

The best way to assess if a silver spoon or a piece of cutlery is made of sterling silver is to give it a little flex. If it bends easily, it is made of one piece solid 925 silver. In the contrary, if it is very rigid, it is likely to be silver plated.

Come to our office with your silverware and get it assessed by a professional, without damaging it.

How to sell your scrap silver

You can send your scrap silver directly to us by post, using Royal Mail Special Delivery.

If you live near London, feel free to come to our Hatton Garden office. Our buyers will give you a free valuation in person.


See our Complete Step by Step Guide

1) Prepare your documents

We require you to include a copy of the following documents in your parcel :

  • Proof of Identity : valid passport or driving license.
  • Proof of Address : recent utility bill (less than 3 months old)
  • Bank Statement (if payment via bank transfer) : we do not need to see any balances or transfers. These can be blanked out.

2) Complete our postal form

Download our postal form and mention your preferred payment method. You can also use our online simulator to generate one automatically.

Postal form Online calculator

3) Send via Royal Mail Special Delivery

Send your items using Royal Mail Special Delivery to our office address below :

Gerrards Ltd
63 - 66 Hatton Garden
London - EC1N 8LE (United Kingdom)

find your nearest post office

4) Receive your Payment

Our purchasing prices will be based on the current LBMA Fix on the day we receive your goods.
We will contact you by phone or email to give you the valuation of your items and obtain your agreement to proceed to the payment.

We offer the following payment methods

  • Bank Transfer (BACS, FPS, CHAPS)
  • Cheque
  • Cash
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