Size: 3" tall. Sunday, Closed. At .36 troy ounces, and with the current silver spot (price per ounce) at $14.39 at the time of writing, that gives it a melt value (how much it would be worth if it was melted down) of just around $5.15. It then takes several weeks for the company to evaluate your silver before mailing you a check. Probably notmeaning theres a chance that you could unwittingly sell something for far below its value. I'm new to buying and selling and had never actually sold any of my silver before. Heres how: There are a variety of places and ways to sell silver. Made of hallmarked sterling silver. The age and rarity of the pattern. I used the 'Home' metaphor because one can relax at home; it's a place of trust and comfortthat's what JewelRecycle represents to me. As a 2nd time customer, I have found both of my experiences at this store to be quick and easy. Selling price: $390 (Morphy Auctions - 2/12). Simply use our secure mail-in service to sell your silver or stop by a Gold Guys location near you. You'll get: 12 of the Best Things to Try at Costcos Bakery, 5 Things You Must Do Before the Next Recession, 7 Clever Ways to Build Wealth Outside the Stock Market, Encyclopedia of American Silver Manufacturers. Place an ad online or sell through an auction site like eBay. It is nicely designed, comfortable, easily located. Its worth noting that the bid offer is contingent on each pieces condition. Marked with trademarks, 950-1000 FINE, and Spaulding & Co. retailer mark. Size: 8 3/4". Detailed with sword and shield. They typically rent space at a hotel or convention center, hire security, and might even pay a celebrity to appear. .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. All Rights Reserved.1 (833) 669-8557 | Also, dont forget to do your research regarding the maker, Tang told us. Cheryl was friendly, knowledgeable, and took time to evaluate my items and explain my options. Condition: excellent. 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? Selling price: $134,400 (Morphy Auctions - 2/12). Look for hallmarks, designer stamps, and do research on designs. I went to your Woodbury location yesterday. Unfortunately, the layer of silver plating is very thin, typically less than 0.1 micrometers thick, meaning that silver-plate has flatware intrinsic value. Did you promise yourself that this was the last year youd spend hours polishing silver after hosting the holidays? Sterling silver holds intrinsic value as a precious metal, but antique silver pieces can be even more valuable than their silver content would indicate. Instead, we recommend selling the most valuable pieces yourself on eBay. We called around and, at thetime of writing with a silver spot at $16.80, a sterling salad fork would net $13, while soup spoons net almost $15. 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. Size: 10 1/8" in diameter. 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. Selling price: $840 (Morphy Auctions - 2/12). But, before you haul a bag of sterling silver to a buyer (pawn or cash-for-silver shop) near you, know that you might be able to get a good deal more by selling the flatware to collectors. In short, enjoy it. You have multiple online resources for identifying your sterling silver flatware or tableware. Even a small payout is better than the alternative a trip to the landfill. Stop into one of our seven Gold Guys locations. No appointment is necessary, and theres no need to polish or clean your silver items before you bring them in. Size: 7" x 6 1/2". There are basically five places to consider when youd like to sell your sterling flatware. In the case of silver-plated items, we check to make sure your item contains at least trace elements of silver. They are made mostly of copper and typically only contain 1% silver by weight. If you have broken jewelry, dented silverware, or dirty coins lying around, you may be holding onto money you didnt know you had. Initials marking the silver lower its value. 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. More importantly, items that dont make the cut are either discarded or shipped back to you at your own expense. We are open normal business hours with no appointment needed! Additionally, for jewelry values, visit the Silver Jewelry Price Guide. The same goes for some silver Native American jewelry and fine silver jewelry from luxury brands like Cartier, David Yurmin, Bvlgari, and Buccellati. Molded edge around a slightly dish-shaped center. Since youre already on eBay, this is a good time to learn some other important information about your silver. Thankfully, silver-plate is almost always marked as such. Items you should be sure to list include serving spoons, carving sets, bar sets, and anything else that you dont see already listed twenty times over online. Antique dealers buy antiques; prices vary. Expect businesses that buy silver to offer you less than market rates, since they need to make a profit reselling it. But, what about the value of the silver itself? Help us produce more money-saving articles and videos by subscribing to a membership. 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. Companies selling replacements for fine tableware buy your silver. Its simple and convenient and the value you get just may surprise you. A few days ago, on September 12, I stopped by for my second visit. Double check for monogrammed pieces, which silver matching services wont accept. Marked underneath with model number 2888. 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). Includes red plush fitted case. Money Every Day' and '108 Easy Ways to Earn Extra Cash', together a $29 value. The exception to this rule is silver flatware and tableware made by premium producers like Tiffany as well as silver with excellent workmanship or an affiliation to a famous person or historical event. Raleigh, NC 27609, (Outside mall between AT&T and Aveda facing Harris Teeter) I highly recommend this business. Even worse than the monetary loss, a rare art object could be destroyed.. Auction houses may obtain a good price for your silver. Learn more , The Gold Guys works hard to deliver the best customer experience and it shows with our rating from the BBB. However, we sometimes receive compensation when you click links within our stories. Condition: excellent. Our knowledgeable associates will assess your silver items right in front of you (nothing ever leaves your sight) usingour straightforward and transparent process. No pressure. And if you are in the process of downsizing or decluttering, then you know how much space these objects can really take up. Most people find that they are pleasantly surprised by the value of their unwanted sterling silver items. Silver and other precious metals are measured in troy ounces, which is 31.1 grams per ounce. Heres Yvaskas guidance: Disclosure: The information you read here is always objective. The individual pieces of flatware. It has been revised and updated byJ.R. Duren onMay 31, 2019. If you have a complete setting. How to set your price? This added value depends on the craftsmanship, maker and desirability of the piece offered for sale, along with the venue where an item is sold. Jill was very helpful, friendly, professional and knowledgeable. If you decide to sell your items, well pay you in cash on the spot. Monday-Saturday, 10:00-6:00 Condition: very good. Size: 12 5/8" in diameter. Grape leaf with a shaped edge and textured finish. This is the best way to sell your silver. Sterling silver tea sets, candle holders, and flatware are all exceedingly out of favor at the moment. Free copies of our eBooks '208 Ways to Save There are several silver matching services that will buy your pieces to sell to collectors. Editors note: This article was originally written by Autumn Yates and published on Feb 20, 2017. If I ever would like to sell any of my precious metals, I will be going back to him for now on. moderation. In our experience, Replacements, Ltd. was the first to reply and did so via email. less, delivered to you daily. They are unlikely to pay top dollar. Theyre considerably less valuable than silver. Condition: very good. Condition: excellent. 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 .. On the upside, youll likely get the highest price for your sterling silver. However, selling on eBay is time-consuming youll have to polish, photograph, and list each item. Join our happy subscribers and sign up for our free 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. Happy Repeat Customer--A Great Place to Call Home. This one by Replacements, Ltd. is a great example. Also, you do not get the benefit of any intrinsic value in the pattern of your pieces; they are valuing the material based solely on its silver content. Most silver-plate can last approximately 20 years depending on how well its cared for. Fred was just really chill. Household silver is sold in one of two ways: by the troy ounce if it is to be melted down, or you might be able to get a higher price if it has antique value. As a commodity, silver goes up and down in value. Size: 8 1/2" tall. Weight: 35.3 troy ounces. There are three ways to sell your family silver: on eBay, to a silver matching service, or as cash-for-metal (basically a pawn shop). However, you may find yourself wanting to get rid of your silver either because its taking up space or selling it is becoming too much work. And, because the process of removing and replating flatware is so expensive, these pieces dont have any resale value either. They can be rare pieces from a certain historical period, which will drive the value up, he said. 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. Shaped edge, scrolls, and shaped edges around monogram. Jewelers and coin shops buy silver, but dont expect full value for antiques. One of the best resources weve found is The Silver Queens sterling silver flatware identification page. Pay careful attention to fork tines, ensuring that theyre not bent or askew. However, says Samuel Tang, designer and gemologist at Joy Creations, tarnish (or oxidation) could be selling point for some customers. There are a few exceptions. With more and more antique silver pieces being destroyed for their scrap value, the price of pieces that survive will continue to rise. 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. Under Show only, select the box that says Sold listings. The individual value of a fork or knife might be $30. As you might guess, the real value is in sterling silver items. Weight: 16 troy ounces. But its temperamental, takes hours to prepare for storage, and, for some, is more of a chore than a treasured heirloom. The shops we spoke with suggested tracking the value of silver throughout a week or a month period to ensure that you dont happen to sell on a day when silver has taken a dip. Pamela Wiggins is a highly regarded antique and collectible costume jewelry expert and appraiser. I also witnessed her very respectful behavior towards a sales rep that entered the store, looking for someone else. He is a member of the Society of Professional Journalists and his insight has been featured on Investopedia, GOBankingRates, H&R Block, and HuffPost. 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. Weight: 25.1 troy ounces. If you decide to sell it, youll want to get top dollar. Many families still hang on to their old silver collections, but they rarely get much use anymore. How Much Is My Silver Washington Quarter Worth? In the case of sterling silver items, we then weigh your items using our state-certified scales and make you an offer based on the current price of silver. 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. Thats because sterling silver is technically 92.5% silver by weight (with copper accounting for the remaining weight). Condition: good. Note that if your silver flatware has no markings at all, its likely a silver-plated piece, as its very rare for sterling to be unmarked. 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. Sold with original box. These days, however, all of that has changed. Also, be sure to mention that youre sellingnot taking a loanand youll get a better price. Selling price: $330 (Morphy Auctions - 2/12). Eight days later, we still havent received a response. Its also possibly worth a sizeable chunk of money. Looking closely at the listing featured images are there any that look like professional? By John Chandler Moore. Condition: excellent. Thats opposed to thestandard ounce, which is 28.35 grams. Even though silver has mostly gone out of fashion, you can sell your silver items and, in many cases, earn more than you might think. After weve assessed all of your items, well make you a no-pressure offer. We purchase silver items of value regardless of their appearance or condition. Tips and advice from our expert money 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. Rare sterling silver and enamel detailing with bees, flowers, and dragonflies. If items didnt sell the first time around, you can always relist. Forks, knives, and spoons are easier for collectors to find. Make a spreadsheet of your sterling silver tableware, noting how many of each piece you have, and list three prices. From cash-for-silver to private collectors, heres how to price out and sell your inherited silverware, trays, and teapots to get the highest possible payout. Roseville Pottery Identification and Price Guide. Shaped edge and border with molded scrolls around a plain center. Unexpected ways to make more and spend Then they sent it to a Cash for Gold outfit and got $5.20 for the ring. We have seven convenient locations around the country in Minnesota and California. They will guide you through the process, explaining how we test your metals and how we calculate the value of your item. When sold for their metal value, these silver items are ultimately melted down and recycled into new items. You get not only the value of the silver content taken into consideration, but also the desirability and rarity of the pattern. There are two ways to sell, so youre going to check the going rates from each. 201 S. Estes Drive. For example, the single demitasse teaspoon we sent to the matching services for a quote can be sold: As you can see, selling privately nets you the most cash for your items. Value: $4,387.50 (Morphy Auctions - 8/09). Condition: excellent. The amount we pay for silver items is based solely on the ratio of silver to non-silver within the material, otherwise known as its purity. Size: 12 1/2". Our Policy: We welcome relevant and respectful comments in order to foster 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. This isnt a lot for one piece. There are pros and cons to selling silver on eBay. Learn more . But you must keep in mind that theyre only buying it for the specific value of the metal, and they have to make a profit. Make the best profit by selling your silver yourself, after enough research. Instead, look at the menu of filters on the left of the page. She co-founded the Costume Jewelry Collectors International, a global educational website. Fred was so friendly, helpful and attentive during the process and was a pleasure to do business withThank you FredIll be back! 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. View your silver as a sought-after commodity that you should sell to the highest bidder. Weight: 5 troy ounces. Instead, they are simply worth their weight in the current price of silver. Seaweed, Triton, mermaids and seahorses on extensively chased and embossed bowls with inscriptions inside. Weight: 9.2 troy ounces. Weight: 26 oz. Highly recommended! If so, we pay around a dollar per pound for silver-plated items. How to Get the Most Money for Your Sterling Silver Flatware, Online Encyclopedia of Silver Marks, Hallmarks, and Makers Marks. Silver patterns come in and out of popularity. Today, candlesticks, tea sets, and formal serving pieces are used sparsely, but the sterling silver value remains constant. Minor dent to bottom of case. Took in a bunch of dinnerware that I thought was likely junk and ended up getting way more than I expected to get. Dont just walk into an unknown business with your bag of silver and expect to get the best price. You can generally identify these listings by their higher prices or because the item has been photoshopped to appear on a white background. Remember to look at closed auctions first to see what buyers are willing to pay. Taking the time to learn about your sterling silver tableware might sound labor-intensive at first, but it means receiving three or more times the amount when you sell. destroying debt: 2022 Money Talks News. But for now, we recommend continuing onto the next step. Comments with links are automatically held for Your service rep, Rochelle, was extremely friendly and helpful. Art Nouveau flowers, leaves and butterfly decor. But make sure youre not parting with something valuable. I tend to be verbose. Weight: 80 oz. Selling price: $27,000 (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. Wilmington, NC 28405, Monday-Friday, 10:00-6:00 However, to maximize your profit, we recommend the following: To thin the heard and help your decision, go through and take a good look at what you have and consider if any pieces are damaged. He went on to emphasize the importance of being extremely careful if you decide to polish your flatware and other silver items. Are the stamps on the back of your silver obscured by tarnish? Their bid offer came 48 hours after submission and offered $9 per demitasse spoon we asked them to price. Be aware that not all silver is sterling silver. Whats the difference? Excellent condition with strong hinge. Made in Vienna. Condition: excellent. 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. How Much Are Steiff Animals and Dolls Worth? certain sponsored products and services, or your clicking on links posted on this website. Many thrift stores wont even accept donations of silver-plated flatware. Should you still come up empty-handed, you can post to their encyclopedia forum or contact one of the silver matching services well share below. Weight: 2.4 oz. On the other hand, selling privately means taking lots of pictures, listing individual pieces, and individually shipping each order. If you have a large collection of sterling silver tableware, you probably dont want to spend the next week polishing and photographing each piece. In generations past, families considered their silver collections to be an important status symbol as well as a cherished family heirloom. Also, look for extreme signs of scratching or wear. Here are some pros and cons for each: This option is convenient because you can take your silver right in and get a price. Now that you know your flatware issterling silver and have identified its pattern, you can accurately check how much it would sell for to collectors. A local TV station recently did an expose where they bought a gold ring for $500, then took it to coin shops where they were offered about $100. Marked "W&H STERLING." These expenses are huge, and that overhead means they have to reduce the price they pay for silver by up to 50% in order to make the operation profitable not the best option for you if you want to get full value for your silver. Even a design that is not considered popular can bring a good price via Silver Matching Servicies. For example, there were several manufacturers who sold both silver-plate and sterling. An important note: Whole sets often sell for much more than individual pieces as sort of collectors starter kits.