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Posted 05/03/2021 10:09 pm
I buy odd bits of gold jewelry for their novelty, not for any investment value. I have a small 10K spoon, and a 10K Elks watch fob with an elk tooth. I have sold dental gold and found rings, but for trivial prices, never over $100.
You'll find the same with sterling flatware and plate. The price paid is discounted substantially below coin, even for solid pieces. For non-solid pieces - such as hollow handled knives with stainless blades, and vases with weighted bases - all bets are off. The buyers do better reselling it to collectors if they can. It's an very inexpensive way to fill in missing pieces for a set of tableware. I've built small sets of some classic and modernist patterns, in the same way people assemble coin sets.
Jewelers don't get rich trading in precious metal scrap. They pile it up and occasionally send it to a refiner.
You'll find the same with sterling flatware and plate. The price paid is discounted substantially below coin, even for solid pieces. For non-solid pieces - such as hollow handled knives with stainless blades, and vases with weighted bases - all bets are off. The buyers do better reselling it to collectors if they can. It's an very inexpensive way to fill in missing pieces for a set of tableware. I've built small sets of some classic and modernist patterns, in the same way people assemble coin sets.
Jewelers don't get rich trading in precious metal scrap. They pile it up and occasionally send it to a refiner.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
05/03/2021 10:15 pm
05/03/2021 10:15 pm
