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Silver Necklace Resale Value

A used silver necklace typically sells for between £12 and £80, with most changing hands around £46. Silver chains are priced on maker and design more than metal, since the scrap value is usually modest.

The short version

  • Typical range: £12 – £80
  • Biggest single factor: condition — see the table below
  • Category: Jewellery & Watches
  • Cost to sell on WishThrift: nothing, at any price

What a used silver necklace is worth by condition

Condition does more to the price than anything else. These figures are worked from the top of the range for silver necklaces, so treat them as a starting point and adjust for the specifics of yours.

ConditionTypical priceWhat it means
New with Tags£80Unused, tags or seals intact
Like New£68Barely used, no visible wear
Good£52Light signs of use, complete and working
Fair£36Heavily used, or a described fault or missing part
For Parts£20Not working or incomplete, sold as seen

These are the five grades WishThrift listings use, and sellers set the grade themselves — see what each condition grade means. Figures are shown in pounds as a reference point. On WishThrift prices display in your own currency, and sellers set their own asking price.

What raises the value of a silver necklace

  • Recognised makers and designer pieces
  • Clear hallmarks confirming sterling
  • Solid rather than hollow construction
  • Working, secure clasps

What lowers it

  • Silver-plated pieces sold as sterling
  • Tarnish that has pitted the surface
  • Broken or weak clasps
  • Kinked or stretched links

How to work out what yours is worth

  1. Look for a sterling hallmark on the clasp or a tag
  2. Polish it gently and photograph it clean
  3. Test the clasp opens and closes securely

Once you have those three answers you can place your own silver necklace on the table above with reasonable confidence. If it sits between two rows, price it toward the lower one — items priced honestly sell faster than items priced hopefully.

Ready to sell it? Listing on WishThrift is free, there is no commission, and you keep the full amount you agree with the buyer — see how selling works or create a free account.

Frequently asked questions

How can I tell if a necklace is real silver?

Look for a sterling hallmark, usually on the clasp or a small tag. Plated pieces generally carry no such mark.

Should I polish silver before selling?

Gentle polishing helps it photograph well. Avoid aggressive cleaning on anything antique, where patina can matter.

Is silver worth much by weight?

Usually not much. For most silver jewellery the design and maker carry more value than the metal.

More value guides: jewellery & watches guides · all value guides · browse live jewellery & watches listings.