Many experts feel that the price of silver will increase soon. If they are right, does that mean that this is a bad time to recycle those silver-plated candlesticks, serving dishes and pieces of tableware that you’ve been holding onto? Wouldn’t it be wiser to hold on to what you have and dispose of it when prices rise?
The answer to those questions is, it depends, for one very important reason . . .
The collectible value of silver-plated and solid silver items can sometimes exceed their metallic value
In other words, a silver plate that contains only a few dollars’ worth of silver could be worth hundreds of dollars or even more if it was made by a prestigious manufacturer.
How Can You Tell?
We would recommend that you read these two earlier posts on our blog . . .
“The Puzzling, Profitable Process of Refining Silver-Plated Scrap Items” - This post delivers valuable advice on determining which silver-plated items might have high potential value, and which do not.
“Sterling Silver Flatware Brands and Marks to Watch For” - You’ll find a list of prestigious makers including Gorham, Lundt, Reed & Barton, and others.
How to Use the “Buy Now, Ask Questions Later” Strategy
If you have been shopping for precious metals at estate sales and antique stores, you already know that it is sometimes possible to buy individual silver-plated items at very low prices - sometimes as little as $5.00 or $10.00. Our advice? If you find an opportunity like that, spend the money on the gambler’s chance that the item you buy could turn out to be worth much more. (If it isn’t, you can probably sell it for about the same amount of money that you paid for it.)
After you acquire a quantity of 50 of 100 of those items call Specialty Metals Smelters and Refiners at 800-426-2344 to speak with our precious metals experts. Your random finds could be worth a lot of money.
What about Buying Cheap Silver-Plated Items on eBay?
That’s a good question to ask, because you can sometimes discover an undervalued silver or silver-plated item for sale on eBay. Sad to say, however, those “discoveries” are rare, because most sellers are smart enough to research the items they are selling to make sure they will make maximum profit. And then there’s the fact that if an undervalued item does appear, other savvy bidders are likely to pounce on it and bid the price up quickly.
Looking for silver items on eBay might be a fun way to pass the time, but you are more likely to find undervalued items at yard sales, antique stores . . . or even in a drawer in an old dresser or cabinet in your home. Silver is everywhere. After you find it, contact us at 800-426-2344 to learn more.
How to Get Top Dollar for Silverware and Gold Jewelry
Finding Value in Cutlery from the Golden Age of Silver Electroplating
Why Big Dollars Could Be Hiding in Small Quantities of Silver Tableware