How to Value Silver
Did you know that silver was currently an accepted form of currency for thousands of years?
If you think about it, say for example the world started coming into a state of anarchy. Obama was
impeached. 2Live Crew was in the Whitehouse, Madonna worked at your local gas station, and the local
bum on the street had moved into your neighbor’s mansion.
Ok, none of that would probably ever happen, but say the world did break out into chaos - the first thing
that would happen is the currency system would collapse. Those 20's and 100s you have stashed under
your mattress no longer have any value. Why? Because no one believes that even if order is restored
that the currency system is going to recreate and mint the money.
Silver, Gold, and other precious metals are different. They are the standard for which the currency
system is based. If the world did break out into chaos, we would all be trading things like chickens,
cows, gold and silver. This is because these things have actual value, unlike a dollar bill which has
The price of silver is directly in correlation to the state of the silver value in the market. If you have
silver and are considering selling it, first you need to consider the value of the silver that you have. If the
silver that you have is in the form of rounds, then the purity and/or weight should be a static fact before
approaching the person who is purchasing the silver from you. One other thing you should consider is
that different pieces of silver may have a much higher value than the simple "melt value" of the weight
of that physical silver. Meaning, if you take a large amount of silver into a "Buy silver here" store or
pawn shop, they are going to give you the "melt value" of that silver. Melt value is the amount of cash
that someone will give you in exchange for how much the silver is worth if it were to be melted down
into liquid, or into a molded bar.
The great thing about today is that the internet is the greatest medium for buying and selling silver. It
unites buyers with sellers, and opens a world of possibility to people who would have never found it.
Every day, people are uploading pictures along with descriptions of pieces of silver that they have laying
around. Just last year, a man from Stuart Florida found a set of knives in his attic that were valued at
$15,540, and he didn't even know he had them!
The possibilities are endless. If you want more information on the value of silver or just want to read
more about it - weather you are considering buying silver for the first time, you are an enthusiast, or just
have a term paper due; our site has a plethora of information on the topic.