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 Replies: 46 / Views: 4,973 |
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Valued Member
Canada
316 Posts |
wow wow congratulations on your find. Be patient and try to hold out until you get a price that you are comfortable with. for 3$  |
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Valued Member
United States
72 Posts |
Wow, I need to start picking on the weekend!
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Bedrock of the Community
Australia
21788 Posts |
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
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Pillar of the Community
United States
1200 Posts |
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.
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Pillar of the Community
United Arab Emirates
557 Posts |
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Bedrock of the Community
United States
14454 Posts |
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
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Valued Member
 United States
142 Posts |
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.
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Valued Member
United States
142 Posts |
I sold it this morning for $1125, by the way.
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Bedrock of the Community
13014 Posts |
I would have taken the 1125 without batting an eye and been very happy
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Pillar of the Community
Canada
3167 Posts |
Nice! Congrats! $1122 profit!
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Pillar of the Community
United States
3670 Posts |
Well done and I agree on all your liquid points as well as I operate in pretty much the exact same fashion....
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Valued Member
Canada
316 Posts |
well done, nice profit |
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Pillar of the Community
Australia
4411 Posts |
Awesome! really good to hear. Iv got to learn more about these silver marks and give garage sale hunting a go myself.
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Pillar of the Community
United States
830 Posts |
Wow, great pick! Congrats
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Valued Member
United States
255 Posts |
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Replies: 46 / Views: 4,973 |
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Posted 12/04/2012 12:17 am
