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Not much... maybe 45 cents or so. "German silver" contains no silver; it's a nickel-copper-zinc alloy. Based on current (May 5, 2011) prices of those metals, a 20/60/20 alloy, which is a pretty common composition for German silver, is worth about $5.50 a pound. Compositions with higher nickel content would be worth slightly more, compositions with higher zinc content would be worth slightly less.
It depends on how pure the silver is and what the current price of silver is.
Silver prices change every day so you need to check a newspaper or a site such as kitco.com or CNNMoney.com for current values. Then multiply by the purity and weight of your jewelry for a raw retail price, and finally subtract 40-50% to allow for what a metal-buyer might pay.
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