At Royal Pawn Chicago, we pay cash for silver. Before you sell your silver, it's important to know what you've got. The spot price for silver is for pure silver. Most jewelry is not made of pure silver; it is made of sterling silver.

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Sterling silver jewelry is 92.5% silver, hence the .925 imprinted on some jewelry. The remaining 7.5% will usually be copper.

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Coin silver is what most U.S. currency is made from. Some jewelry will also be stamped coin silver or .900. This is 90% silver and 10% some other metal.