Gold gets most of the attention — but silver has its own compelling case right now. If you’re looking to sell silver in Australia, the current market conditions are favourable, and the process is simpler than most people expect. From old cutlery and jewellery to coins and bullion, here’s everything you need to know before you sell.
What Types of Silver Can You Sell?
Many Australians are surprised by how much silver they actually own. Common items that can be sold for their silver content include:
- Silver jewellery — rings, chains, bracelets, earrings, brooches
- Sterling silver cutlery — inherited dinner sets, serving pieces, tea services
- Silver coins — pre-decimal Australian coins, commemorative coins, Perth Mint releases
- Silver bullion — bars and rounds in any condition
- Silver figurines and collectibles — hallmarked decorative items
- Dental silver — old amalgam fillings or dental alloys
The key thing to check for is a hallmark — a stamp indicating the silver content. Common markings include 925 (sterling silver, 92.5% pure), 800, and 999 (fine silver). Items without a hallmark can still be tested and valued.
How Silver Is Valued
Like gold, silver valuation comes down to three factors: purity, weight, and the live silver spot price. The Perth Mint publishes live silver prices in Australian dollars, and reputable buyers apply those live rates — not a fixed buyback price set weeks ago.
Sterling silver (925) is the most common form of silver jewellery and cutlery. At 92.5% purity, it carries strong intrinsic value. When you factor in the current silver spot price and the weight of your items, even a modest collection of inherited silver cutlery can yield a meaningful return.
Why Right Now Is a Good Time to Sell Silver
Silver prices, like gold, have been elevated in recent months as investors seek hard-asset protection against inflation and currency uncertainty. While silver is historically more volatile than gold, it remains a genuinely valuable commodity — and current prices represent a strong return for sellers compared to recent years.
If you have silver items sitting unused — particularly inherited cutlery or jewellery that hasn’t been touched in years — getting a free valuation right now is a straightforward way to find out what they’re worth in today’s market.
Common Silver Items We See at The Gold Company
The most frequently sold silver items at our Sydney showroom are inherited sterling silver dinner sets — the kind that belonged to a grandparent and has been boxed up in a cupboard for decades. A full set of silver cutlery for twelve can weigh well over a kilogram, which at current prices represents a significant cash return.
We also regularly see pre-decimal Australian coins with silver content (minted before 1966), Perth Mint silver coins, and silver jewellery from estate cleanouts. Whatever you have, bring it in — we’ll test and value it in front of you at no charge.
Three Ways to Sell Silver at The Gold Company
We make it easy to sell silver in Australia, regardless of where you live:
- Walk in — Visit our Sydney showroom for an immediate, in-person valuation and same-day payment
- Goldpak mail-in — Order a free Goldpak kit and post your silver to us from anywhere in Australia, fully insured
- Home visit — Available in the Sydney metropolitan area for larger collections
In every case, the valuation is free, the offer is based on live market prices, and there’s no obligation to sell. If you decline the offer, your items are returned to you at no cost.
Get Your Silver Valued Today
Whether you have a drawer full of silver jewellery, a box of old coins, or a complete inherited dinner service, The Gold Company will give you an accurate, transparent valuation based on today’s live silver price. Find out what your silver is worth — there’s nothing to lose.
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