What is sterling silver? A guide to silver purity

Many people in Chicago want to sell their silver. Here is a guide to help you figure out what you have.

Ultra Fine Silver is 99.99% Silver (999.9). The Canadian Silver Maple Leaf Coin is an example of Ultra Fine Silver. Fine Silver is 99.9% Silver (999). This is used in silver bullion bars.

Sterling Silver is 92.5% silver (925). On silver pieces, this is marked as 925. In sterling silver, 92.5% of the object by weight is silver and 7.5% will be another alloy, usually copper. Usually, jewelry and silverware are sterling silver. If your jewelry is not marked "sterling silver" or "925", it is probably not sterling silver.

Coin Silver is 90.0% silver (900). This is the purity of silver used in coins in the United States. Coins such as quarters, dimes, half dollars and silver dollars were made of coin silver before 1965. If you have old US coins, they are silver if they are year 1964 or below. Nickels between 1942 and 1945 had 35% silver in them as nickel was in short supply during World War II. Nickels from other years are only made from copper and nickel.

Those are the most common silver purities. You may have older silver from Mexico that is 98.0% silver. English silver pieces and some English silver bullion coins may be made of Britannia Silver which is 95.84% silver, and will be hallmarked as 958 and/or with other hallmarks.

Canadian Silver coins in circulation have an 80.0% silver standard.

Other old silver pieces from Europe may be anywhere from 87.5% silver to 75% silver.

Pawn Loans:
APR as low as 36% to 240%
You may choose a loand period from 90 days to up to one year.
Loan may be repaid at any time without penalties.
A 3% to 17% storage fee will apply.

For example, a $100 loan taken out for 90 days would require a repayment of $160.

Royal Pawn Chicago
428 S. Clark St.
Chicago, IL 60605
Tel: 312-427-6542 

FREE PARKING in our lot - look for the big yellow sign!

Hours: Mon - Sat 10am to 6pm

©2020 Royal Jewelers & Loans, A-Royal Redemption Center, Inc.

Royal Pawn Chicago is the best place in Chicago to sell gold and diamonds. We are the Chicago gold buyer who pays the most for gold. We buy gold, diamonds, platinum, silver, scrap gold, broken gold, gold coins, gold bars, unmatched gold earrings, gold necklaces, gold rings, class rings, military rings, silver coins, silver bars, antiques, fine jewelry, luxury watches, flat screen TVs, laptop computers, digital cameras, MP3 players or any items of value. You can sell your items or get a loan. Royal is Chicago's biggest and oldest pawn shop. Our family has been in the pawn brokerage business for over 100 years! We always PAY CASH FOR GOLD and valuables! Click here for your nearest pawn shop location.

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*Actors may be used to portray real transactions. Cash offers are based on the current value, weight, quality, and/or resale value of your merchandise.