Selling silver easily

Valuing silver

If you want to sell silver, you should first and foremost rely on experts. They determine the value reliably and with the help of the latest analysis methods, taking into account the current silver price.

Sell silver at philoro Austria

At philoro, we offer you simple ways to sell your old silver treasures such as jewelry, silverware, decorative items, coins and bars.

A picture of old silver cutlery lying above each other.

Sell silver in our webshop

Valuation: Find out Determine the value of your old silver by entering the data in the calculator and then click on “Sell now”.
Transport option: Choose between the options “Hand in at a store” or “Shipping”.
Value analysis: Upon receipt of your shipment, we check the weight and determine the value of your item using the latest testing methods, such as X-ray fluorescence analysis.
philoro offer: If our measurements match the value of the scrap gold calculator, the amount will be transferred to you. If they differ, you will receive a new offer by e-mail.

The value shown in the calculator is calculated based on your entries and the current precious metal price. You will then find the binding price in the order overview.

Sell silver in the store

Scrap silver delivery: Bring your old silver to one of our stores.
Value analysis: Once the silver has been handed in, we determine its weight and value using state-of-the-art testing methods such as X-ray fluorescence analysis.
philoro offer: After analysis, you will receive a non-binding offer for the value of the item you have handed in.
Offer acceptance: If you accept the offer, we will pay you the amount directly in cash or by bank transfer.

Important: Bring an identification document (e.g. passport or driver's license) with you to the store.

Recognize the value before selling silver

Check the authenticity and value of your silver with the help of the hallmark before an scrap gold valuation appointment with an expert or a sale. This indicates the highest precious metal content in the alloy on your silver piece and indicates the authenticity of the silver. It usually consists of three digits.

Example: If you would like to sell silver cutlery marked “800”, 800 of 1000 parts in the cutlery are made of pure silver. The remaining parts are made of other alloys.

Where is the fineness indication for silver?

It is usually placed in inconspicuous places, for example:

on rings: on the inside
on necklaces or bracelets: on the clasp
on earrings: on the back or on the clasp
on cutlery or decorative elements: on the underside
on coins: on the front or back of the coin
on bars: on the front

This is what happens to the silver you sell to philoro

The silver sold to philoro is taken to the philoro GOLDWERK, the refinery in Korneuburg near Vienna. There, the old values are melted down and recycled into new investment bars or semi-finished products (such as granulate or ring blanks) for further processing in the jewelry industry.

By selling silver, you are making a valuable contribution to the environment.

Environmental contribution: All precious metals are returned to the value cycle and recycled.
Lower CO2 footprint: Recycling is much more energy-efficient than mining primary gold.
Conserving resources: By selling jewelry to philoro, you support the careful use of scarce resources.

philoro`s value chain form sourcing to the finished products

How has the price of silver developed in recent years?

Silver is widely used in jewelry manufacturing and industry due to its softness, ductility, malleability, thermal and electrical conductivity.

As technology continues to develop, the demand for silver is also increasing. This can be observed in the price trend for silver in recent years.

The price of silver is very closely linked to technological developments and has risen steadily in recent years. For example, the price of a 1 kg silver bar was around €690 in 2020, while prices of around €1100 were already being achieved in 2024. Selling silver can therefore definitely be worthwhile.

Long-lasting memories - selling silver treasures with emotional value

Whether it's a family heirloom, an emotional gift or jewelry bought for a special occasion, we often associate these values with memories that we don't want to part with easily. We therefore recommend that you create new memories from old ones and invest the money from the sale of your silver well.

New investments from dusty silver

Saving for the future: Are you planning a major investment such as the purchase of a car, an investment or would you like to invest money for the future of your children or other relatives? Then the sale of silver could form the basis for this investment. In addition to conventional savings accounts, in which the money is parked and even reduced in value depending on interest rates, there are other investment options such as the philoro PRECIOUS METAL SAVINGS PLAN. This allows you to invest a monthly amount starting at €25 in the precious metals gold, silver, platinum and palladium and thus invest bit by bit in a golden future.
Give the gift of precious joy: Make others happy and use the money from the sale of silver for a beautiful, shiny gift with long-term value.
Long-term investment in precious metals: Precious metals such as gold have a lasting value and offer great potential for appreciation. This is why coins or bars made from the precious metals gold, silver, platinum or palladium are particularly suitable for a future-proof investment that can even be passed on to future generations.
Create breathtaking experiences: Replace the value of the memory with an experience, such as a trip with your family or a vacation you've always wanted to take. Even a small adventure such as a hot air balloon ride or a relaxing stay in a spa could remind you of the sale of the silver in the long term.
Buy jewelry or an object as a memento: Replace the value of the silver with something you use regularly. This could be a brooch or cufflink that you can wear every day or on special occasions and that suit your style. Or invest in an everyday item like a beautiful tea set that you can remember every time you use it.

A picture of 2 persons sitting in front of a tablet and laughing because the increase of their gold savings plan.

We are the test winner

philoro is the test winner! philoro was the overall winner in EURO am Sonntag's major test of precious metal dealers. EURO am Sonntag also finds our scrap gold purchase “TOP”! And for FOCUS MONEY we are also the BEST GOLD BUYER in 2023!