Friday, February 22, 2013

Is My Silver Set Worth Anything?


When evaluating silver sets the number one thing you must confirm is if you have solid silver or is it only silver-plated.  Selling gold is much different than silver although it is a precious metal.  The most
obvious thing to look for in your quest is if the words “Sterling” is written anywhere on the item.  The one thing you do not want to see is the word “Plated”.  Obviously this rule does not apply to silver coins.

On the spoons and forks you look on the bottom of the utensil and on the inside of the bend.  I have only seen one set that was not marked “Sterling” that was silver.  I have run into individual pieces that were silver like ladles but not often.  Plates MUST have the word “Sterling” written on them or they are not solid and therefore useless other than their utility.

Knives tend to have Sterling written on the blade.  Important to note, the blades of knives are not Silver and therefore must be deducted for at purchase.  We evaluate the knife at 28% of its weight recognized as 925 Sterling Silver.  925 stand’s for 92.5% silver. 

I have seen silver sets go for thousands of dollars and I have seen some sets sell for well under $1,000.00.  It greatly depends on the burliness of the items, the number of items in each individual set and the number of settings.  The average set pays out around $1,300.00.

Have you ever polished a silver set???

Kevin Robbins, Gold Solutions http://www.goldsolutionsoffortmyers.com/contact.html#.USTuKFojpws

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