I buy a lot of sterling that ends up at the refinery & really hate to send anything nice off. What most people don't realize is that sterling is a tough sell for anything besides a percentage melt value unless it's a rare maker(Tiffany, Cartier, etc) or handmade. Of course if you own a high end jewelry or antique store and/or run a website like Replacements & aren't concerned with turnover you can get high retail.
Mid-level manufacturers regularly sell on
ebay for 10-20% over melt. Anything common, plain or damaged goes for melt or slightly under. Considering fees I do better sending it directly to the refiner. I try to save the nicer pieces to sell in my display case at the antique mall but end up pulling most of them after a few months.
People also don't consider the actual melt value of sterling. In general it assays at 88-91% pure with most running right at 90%. Then you have to figure the refiner is a business & is going to take their cut. Taking that into account there is less value there than you might think....& I don't buy for the joy of holding it in my hands. I have to make a profit to make it worthwhile.
I don't touch anything plated. There just isn't a market for it in my area.
Edited by trdhrdr007
10/31/2012 12:59 pm