That fits my approach, except I don't know enough about ID'ing jewelry to actually do that safely.
I saved up a bunch of 50% Silver Solder Scrap from a project at work! They use it on high-temp "heat trace" at refineries and such. I got the old pieces, the splatterings and the scraps of the un-melted solder sticks. The alloy for the solder is more expensive than the silver itself, obviously.
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