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Someone Bring Me Back Down To Reality....

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Valued Member
United States
72 Posts
 Posted 12/04/2012  12:17 am  Show Profile   Bookmark this reply Add dinhjames to your friends list
Wow, I need to start picking on the weekend!
Bedrock of the Community
Australia
21788 Posts
 Posted 12/04/2012  12:26 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
I have to admit that I am unfamiliar with the marks, but
it looks like an American version of Sheffield plate to me.

Even IF it is solid (.900?) silver, think VERY carefully before sending it to melt. It should be valued at FAR more as an antique silver item at an antique auction.

If it is a version of Sheffield plate, you would be foolish to sent it to melt anyway. It would still be valued at far more as as an antique item than as a melt item.

Either way, it should be able to generate some interest at an antique auction, without yourself really trying to find out how the item was made. The auctioneer, if honest, should tell you, AND accurately describe it in a sale catalog, for the benefit of the bidders.

The downside is that good auctioneers can charge up to 20% of the value for their services.

With Sheffield plate, a small amount of natural alloying takes place at the base metal / silver interface. With this type of tableware the small accessories are usually cast and electroplated, before being silver soldered to the item.

It is quite possible that the base metal is German silver (60%Cu, 20%Ni, 20%Zn), and not copper. Natural alloying still takes place at the base metal / silver interface.
Edited by sel_69l
12/04/2012 01:00 am
Pillar of the Community
United States
1200 Posts
 Posted 12/04/2012  01:13 am  Show Profile   Bookmark this reply Add Fat Freddy to your friends list
The one and only major mistake you could make is rushing into doing something because you just can't wait to flip that piece. Take your sweet time. Odds are that the better alternatives won't show up quickly, and that developing them will take time and patience.
Pillar of the Community
United Arab Emirates
557 Posts
 Posted 12/04/2012  10:46 am  Show Profile   Bookmark this reply Add BLadd to your friends list
Bedrock of the Community
United States
14454 Posts
 Posted 12/04/2012  4:20 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
what I don't understand is you say you buy stuff to flip into silver, you just skipped a step and yet you are still wanting to get rid if it? I don't understand the reasoning behind this except for it being ugly as sin (but still silver), can you explain
Valued Member
United States
142 Posts
 Posted 12/04/2012  4:30 pm  Show Profile   Bookmark this reply Add unfamiliar to your friends list
It really isn't that complicated.

I need to remain liquid in order to continue to buy and sell - and while I turn some of my profits into PMs, some of it goes towards discretionary expenses (vacations), and some of it goes right back into more purchases.

Having such a large piece, while nice, does me no good in the short term as far as liquidity goes, nor in the long term in case of a moderate SHTF scenario.

My PM interest lies solely in having easily exchangeable, easily identified small rounds for use as currency.

So having a huge bowl with a lid doesn't serve either of my goals.
Valued Member
United States
142 Posts
 Posted 12/04/2012  4:30 pm  Show Profile   Bookmark this reply Add unfamiliar to your friends list
I sold it this morning for $1125, by the way.
Bedrock of the Community
13014 Posts
 Posted 12/04/2012  4:58 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
I would have taken the 1125 without batting an eye and been very happy
Pillar of the Community
Canada
3167 Posts
 Posted 12/04/2012  6:42 pm  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list
Nice! Congrats! $1122 profit!
Pillar of the Community
United States
3670 Posts
 Posted 12/04/2012  6:45 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
Well done and I agree on all your liquid points as well as I operate in pretty much the exact same fashion....
Valued Member
Canada
316 Posts
 Posted 12/05/2012  07:18 am  Show Profile   Bookmark this reply Add kenney to your friends list
well done, nice profit
Pillar of the Community
Australia
4411 Posts
 Posted 12/05/2012  08:16 am  Show Profile   Bookmark this reply Add enworb to your friends list
Awesome! really good to hear. Iv got to learn more about these silver marks and give garage sale hunting a go myself.
Pillar of the Community
United States
830 Posts
 Posted 12/05/2012  10:54 am  Show Profile   Bookmark this reply Add GoThunder to your friends list
Wow, great pick! Congrats
Valued Member
United States
255 Posts
 Posted 12/06/2012  12:33 am  Show Profile   Bookmark this reply Add Kellyk to your friends list
Cool story! Right on!
Pillar of the Community
Canada
1723 Posts
 Posted 12/06/2012  9:55 pm  Show Profile   Bookmark this reply Add samsnate to your friends list
Well I haven't chimed in on anything thus far... just wanted to say I'm satisfied with the ending.


No no, just kidding, been following to see what happened. Glad you got it sold off for what you were looking for! Great find Breaks like that don't come up too often. Cherish it. CHEERS!
Edited by samsnate
12/06/2012 9:55 pm
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