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Precious metals are found in the most surprising everyday items

Published Wednesday 25th May 2016

You may be surprised by the range of unused or unwanted items that contain precious metal and can generate some extra cash if you decide to sell.

While most people realise there is money to be made from broken gold jewellery and items they will never wear again, there are actually a number of things that you may have tucked away and forgotten about that we will buy and convert into cash.

Gold and silver watches are often overlooked, whether they are old fashioned fob and pocket watches or watches with gold or silver straps. They’re the kind of thing that often gets shoved to the back of a drawer when the movement breaks, with the intention that one day you’ll get them fixed, but you never do.

When selling gold and silver watches, remember that the weight of the item includes the glass and workings of the watch, which are not counted when it’s being valued for the precious metal it contains.

Old gold and silver coins that you may have collected or been passed down by relatives are also currently fetching strong prices, due to the current strong prices per ounce that gold is attracting. If you have any pre-1920 UK silver coins, they are 92.5 per cent silver and pre-1947 silver coinage contains 50 per cent silver. These can be cashed in as well.

Many people do not realise that they may be sitting on a tidy sum in the form of silver household items, again many of which they have inherited and squirrelled away in the loft. We buy silver tableware, cutlery, salt and pepper pots and bowls, along with silver picture frames, candlesticks, cigarette cases, boxes and pens.

It’s actually surprising just how many daily items used to be fashioned from silver, but in order to sell them for the precious metal they contain, they must be silver items – not silver plated or EPNS silverware.