Silver and other precious metals are measured in troy ounces, which is 31.1 grams per ounce. I also witnessed her very respectful behavior towards a sales rep that entered the store, looking for someone else. Begin your education by searching online for a site that gives the price of silver and then follow it daily to get a sense of the fluctuating market value. 1732 1st Ave #26661, New Size: 13 5/8" in diameter. To determine a pieces intrinsic value, youre going to need a scale to find out exactly how much it weighs. From the very first email to Joe to walking into their store I felt comfortable and at ease. Remember to look at closed auctions first to see what buyers are willing to pay. The item might simply say silver-plate on the backside as shown above. Jill was very helpful, friendly, professional and knowledgeable. How to Get the Most Money for Your Sterling Silver Flatware, Online Encyclopedia of Silver Marks, Hallmarks, and Makers Marks. Sterling silver tea sets, candle holders, and flatware are all exceedingly out of favor at the moment. Selling price: $134,400 (Morphy Auctions - 2/12). They lovingly polished their silver candlesticks, holloware, tea sets, and flatware and presented them on special occasions, such as holiday gatherings and formal dinners. Do you have more than a few pieces that are mangled from the garbage disposal, severely scratched and bent, or otherwise in the condition to sell as tableware? Going back to our demitasse spoon, we know that it sells for $1524.99 individually on eBay, or for $9 to a silver matching service. Eight days later, we still havent received a response. Learn more . to a membership. Silver-plated objects are made of less valuable (base) metals with a thin coat of silver. Advertising Disclosure. It then takes several weeks for the company to evaluate your silver before mailing you a check. Weight: 2.4 oz. He was able to explain the whole process giving me peace in mind after selling a few ounces. Thats opposed to thestandard ounce, which is 28.35 grams. The lady that assisted me was very informative, explained everything as she was doing it, and was very pleasant and efficient. Basically, getting a bid for your pattern gives you a chance to scan through and see which pieces are worth high amounts, then look those up online to make sure that youre not mistaking one item for another (and possibly losing out). Sterling silver flatware has value for the metal itself. Coming in five days later, The Silver Queen sent a bid via snail mail for the entire bundle, but didnt break down their offer piece by piece. Many families still hang on to their old silver collections, but they rarely get much use anymore. Bears company trademarks, 8992, and Spaulding & Co. retail mark. Help us produce more money-saving articles and videos by subscribing to a membership. Marked underneath with model number 2888. Overall good condition with very little wear to gilding; some loss to blacking in initials in the ivory handle. She co-founded the Costume Jewelry Collectors International, a global educational website. This one by Replacements, Ltd. is a great example. Just check out the screenshot of their bid below: Can you tell the difference between a demitasse spoon, youth five oclock spoon, and a fruit spoon at first glance? However, says Samuel Tang, designer and gemologist at Joy Creations, tarnish (or oxidation) could be selling point for some customers. Raleigh, NC 27609, (Outside mall between AT&T and Aveda facing Harris Teeter) Forks, knives, and spoons are easier for collectors to find. I tend to be verbose. You can generally identify these listings by their higher prices or because the item has been photoshopped to appear on a white background. Its simple and convenient and the value you get just may surprise you. Condition: excellent. healthy and All Rights Reserved.1 (833) 669-8557 | I'm new to buying and selling and had never actually sold any of my silver before. We've updated our Privacy Policy, which will go in to effect on September 1, 2022. Dorothy Huey provides exemplary service, as does Anthony Corrado, store manager, and is of high value to you as employees. An important note: Whole sets often sell for much more than individual pieces as sort of collectors starter kits. However, selling on eBay is time-consuming youll have to polish, photograph, and list each item. Completed listings for the International Sterling Queens Lace demitasse spoon show that it sells for anywhere between $1525.99 for an individual spoon. He went on to emphasize the importance of being extremely careful if you decide to polish your flatware and other silver items. Join our happy subscribers and sign up for our free Some of our favorite stories for you to read next. For example, this finish on a ring or piece of jewelry can have a nice contrast between high polished parts and oxidized parts, Tang said. Value: $4,387.50 (Morphy Auctions - 8/09). This will enable us to determine whether your items are sterling silver, silver-plated, or (less commonly) some other purity. She took a personal interest in ME with an engaging conversation. Never once did I feel doubtful of their honesty or experience and through the whole experience I laughed and felt like a long time friend I also wanted to thank Nick who helped make this transaction most pleasant and Kim as well .. Happy Repeat Customer--A Great Place to Call Home. Do your research about the origins of your silver flatware and tableware, weigh the pros and cons of the various ways you can sell it and keep an eye on silver prices. .925 (or higher number): Indicates that the silver is at least 925/1000 purity (the remaining 075/1000 additive is usually copper), and was manufactured in America. Illustration: The Spruce / Brooke Pelczynski. When you visit one of our stores, youll be greeted by our professional staff. Took in a bunch of dinnerware that I thought was likely junk and ended up getting way more than I expected to get. No matter your reason for selling, we will give you the best possible price for your silver in a way that is fast, easy, and secure. Instead, pick up a jewelry polishing cloth to help with your initial inspection. Size: 10 1/8" in diameter. I would like Upper Management to know what an EXCELLENT experience selling our gold both 2 months ago and yesterday at your Westside Pavilion location has been. Made by Wood & Hughes in New York. By John Chandler Moore. At this point, take any pieces that didnt sell along with the majority of your forks, knives, spoons, and other items and send them off to the silver matching service. I brought in some heirloom and dated gold and sterling jewelry with hopes to clear at least $100 in order to use the $10 coupon I printed from the website. The Ultimate List of the Rarest and Most Valuable Coins in the World, 3 Things You Must Know Before Buying Gold Coins, Top Resources for Researching Antique Silver Online, The Effigy Mounds Quarter Value and Prices, Guide to Identifying and Valuing Vintage Mechanical Banks. Selling price: $240 (Morphy Auctions - 2/12). If you have broken jewelry, dented silverware, or dirty coins lying around, you may be holding onto money you didnt know you had. If you are like many people, you may have sterling silver and silver-plated items that you no longer use (and that your relatives arent interested in inheriting). Sunday, Closed, Holly Park Shopping Center There are a few exceptions. Size: 3 1/2" tall. Grandmas silverware makes the dinner table sparkle. Condition: very good. After weve assessed all of your items, well make you a no-pressure offer. I went to your Woodbury location yesterday. Size: 8 1/2" tall. Lightly used. They auction it, take a commission and give you the rest. Fred was so friendly, helpful and attentive during the process and was a pleasure to do business withThank you FredIll be back! In fact, JewelRecycle is one of the only businesses in the state of North Carolina that actuallypurchasessilver-plated items. And, because the process of removing and replating flatware is so expensive, these pieces dont have any resale value either. Made of hallmarked sterling silver. Minor dent to bottom of case. Size: 3" tall. Its also important to remember that selling silver, even for its intrinsic value as metal, shouldnt be done in haste. Length: 10 1/2". This doesnt guarantee that youll recognize the marking, though. This allows you to get a high price for the pieces that are sure to appeal to collectors, without losing endless hours to listing an entire set individually. And the younger generations, who have adopted a much more casual approach to entertaining, are rarely even interested in inheriting family silver collections let alone collecting them. And if you are in the process of downsizing or decluttering, then you know how much space these objects can really take up. Condition: excellent. You have multiple online resources for identifying your sterling silver flatware or tableware. Look for the word sterling or the numbers 925, which means that 925 of a possible 1,000 parts are sterling silver, Yvaska says. If not there, the item is plated. However, we sometimes receive compensation when you click links within our stories. Chapel Hill, NC 27514, 1113 Military Cutoff Rd. Because its costly to ship large amounts of metal, we emailed Replacements, Ltd. asking if an initial assessment of quality could be made by sending a picture, just to ensure items werent considered too scratched or worn to be considered up to par. Of course, if the pattern has low desirability or rarity, you wont get much more than you would from a smelter, but Silver Matching Services are certainly worth consulting. If your silver is very old, theres a chance that it might just have the maker's name and mark. Get their prices; check their reliability; then make an informed choice. Historically, a table with sterling flatware and serving pieces was integral to a proper setting. He is a member of the Society of Professional Journalists and his insight has been featured on Investopedia, GOBankingRates, H&R Block, and HuffPost. Put all of the damaged and monogrammed pieces aside to be sold as cash for silver. If you have multiple place settings, also search for your items with the word lot or filter results from highest price to lowest to get an idea of the worth of your whole bundle. Gorgeous old silver flatware, trays, bowls, pitchers and tea sets may be more of a responsibility than many people today are able to take on. Art Nouveau flowers, leaves and butterfly decor. Money Every Day' and '108 Easy Ways to Earn Extra Cash', together a $29 value. Pamela has over 30 years of experience and has been writing for 20 years. Size: 12 1/2". Cast scrolled handle with flower heads beneath cherub like bust. However, collectors are more inclined to purchase a complete place setting to expand their collection. Silver patterns come in and out of popularity. Theyre considerably less valuable than silver. You are in control of your transaction from start to finish. Value: $468 (Morphy Auctions - 12/09); $702 (Morphy Auctions - 8/09). In our experience, Replacements, Ltd. was the first to reply and did so via email. Make the best profit by selling your silver yourself, after enough research. In this guide, well show you how to maximize the payout you get for your silver by covering all of the most important areas. Here are some pros and cons for each: This option is convenient because you can take your silver right in and get a price. reporters. And dont forget about taking multiple trips to the post office you'll have to take, as well as the money youll spend on the packaging. Condition: excellent. Height: 9-1/2" weight: 33.5 oz. For now, well take you through the steps of how to identify the type, pattern and maker of your flatware and/or tableware. Condition: excellent. Are the stamps on the back of your silver obscured by tarnish? Most silver-plate can last approximately 20 years depending on how well its cared for. Sunday, Closed. View your silver as a sought-after commodity that you should sell to the highest bidder. On the other hand, selling privately means taking lots of pictures, listing individual pieces, and individually shipping each order. This gives you a more accurate idea of how much your piece will sell for. Help us produce more money-saving articles and videos by subscribing Weight: 25.1 troy ounces. As a commodity, silver goes up and down in value. Pamela Wiggins is a highly regarded antique and collectible costume jewelry expert and appraiser. If you have a complete setting. Old-schoolers already have what they need and millennials have no interest. Two examples of how you do much better selling your silver to a Silver Matching Service than selling to the smelter came into the Antique Cupboard shop just recently. Dont just walk into an unknown business with your bag of silver and expect to get the best price. newsletter! I highly recommend this business. While one step better than a coin shop youre cutting out the middleman and getting a better price smelters want really large quantities in the neighborhood of a thousand ounces minimum to make the purchase worthwhile. Its worth noting that the bid offer is contingent on each pieces condition. A lion or lions paw: Indicates sterling silver originating from England. Here are the most common marks youll see on a sterling silver set: Sterling: Sterling is a legally binding term. Courteousness, attention to detail, politeness, professionalism, and explanations of what they were doing made me a loyal customer who will continue to refer others to your organization. Probably notmeaning theres a chance that you could unwittingly sell something for far below its value. Please enable JavaScript to view comments. Suite 200C. There are pros and cons to selling silver on eBay. Unfortunately, the layer of silver plating is very thin, typically less than 0.1 micrometers thick, meaning that silver-plate has flatware intrinsic value. They include: To receive bids, youll have to contact each company individually and fill out their online form that marks which pieces you have and how many of each. Copyright 2013-2020 HighYa LLC. Instead, they are simply worth their weight in the current price of silver. But make sure youre not parting with something valuable. Condition: very good. Thus, most buyers will want a total weight (by the gram), he said. informative discussions. As for the baseline value of your family silver, youll want to check commodity prices, which is something well talk about in a few minutes. If your silver has no antique value, sell it by weight. Even a small payout is better than the alternative a trip to the landfill. It has been revised and updated byJ.R. Duren onMay 31, 2019. Can My Wife Use My Social Security Benefits While Letting Hers Grow? They will guide you through the process, explaining how we test your metals and how we calculate the value of your item. Find their ads in newspapers or online. Make a note of the weight for later. When sold for their metal value, these silver items are ultimately melted down and recycled into new items. The same holds true for silver; its simply not a good way to maximize your investment. It is nicely designed, comfortable, easily located. Although its a time-consuming step, contacting silver matching services gives you the benefit of a professional evaluation. But its temperamental, takes hours to prepare for storage, and, for some, is more of a chore than a treasured heirloom. Also, you should consider getting more than one offer for your material; its always smart to get at least three offers from three different services. They dont buy it, though. Imagine my utter surprise when I walked out the door with a check for over $2,400! If you think you might want to sell your unwanted silver items, the first step is to bring them into any one ofJewelRecycles four storeslocated throughout North Carolina. If you have a large collection of sterling silver tableware, you probably dont want to spend the next week polishing and photographing each piece. J.R. Duren is a personal finance writer and a three-time winner of the Florida Press Clubs Excellence in Journalism contest. Size: Bowl 9" in diameter. Even a design that is not considered popular can bring a good price via Silver Matching Servicies. Beware These 5 Common Work-From-Home Scams, Heres How Much Teachers Are Paid in Every State, The Smart Way to Sell the Family Silver for Cash. 3072 Wake Forest Road For information on researching sterling silver marks and patterns, click here. If items didnt sell the first time around, you can always relist. Weight: 9.2 troy ounces. To the smelter the knife is worth $8; we paid $25 per knife. You have very likely seen the sales pitch on TV: Put your gold or silver in an envelope and send it off to us. This is just about the worst choice you can make for selling your silver.