Case Study & Warning: Selling scrap silver to a refiner

I wrote this article on May 22, 2011. So far, it is Number One on the Hit Parade of articles! It received 600% more "hits" on the first day than the next most popular article I ever wrote.

     Case Study & Warning: Selling scrap silver to a refiner

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Weighing Silver

In America, our system of weights for most things identifies a pound as being equal to 16 ounces. This is known as the avoirdupois system of weights.

The weight of silver is expressed in the Troy system in which a Troy pound equals 12 Troy ounces. Prices quoted for raw silver refer to Troy ounces. To avoid confusion and misunderstanding, we generally express weight in grams. Here's a conversion chart.

• One avoirdupois ounce = 28.349523125 grams
• One Troy ounce = 31.1034768 grams

If you are calculating the weight of silver in a sterling flatware piece, remember that sterling is only 92.5% silver content. It is difficult to calculate the weight of silver in a knife and some serving pieces because part of the piece may be made of something other than sterling, such as a stainless steel blade.

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