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Refiner/Smelter Recommendations For Old Sterling/Coin Flatware

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Valued Member

United States
107 Posts
 Posted 12/22/2022  2:52 pm Show Profile   Bookmark this topic Add drdn to your friends list Get a Link to this Message Number of Subscribers
Hello!

Over the past 20 years of yard-sales and estate sales, I have accumulating a large amount of sterling silverware and assorted bowls, trays etc. They are pain to store and I'm looking to convert them in the near future as the silver trends up.

I investigated my LCS and they sent to someone and took 10% (and the smelter paid 90% silver value). At those rates, I'd like to cut out the middleman.

What refiners do people recommend?

As an aside, I am also annoyed they still take that cut considering the premium the generic bars are able to the current climate. Taking 10% and making 10oz bars that are now going for 10% over spot
Valued Member
SaturnD51's Avatar
United States
425 Posts
 Posted 12/22/2022  3:17 pm  Show Profile   Bookmark this reply Add SaturnD51 to your friends list Get a Link to this Reply
I just sold my sister's silverware set. I very large complete set. The dealer you take it to takes a 10% cut as well as the refiner he sells it to. You loose alot of money up front but noone uses silverware sets today. Our set was from the 50s' so I hated to see it go but it is just better than storing it away and never using it.
Bedrock of the Community
sel_69l's Avatar
Australia
21786 Posts
 Posted 12/22/2022  6:33 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I certainly would not recommend a refiner in the first instance.
The best you can hope for is bullion value, less refining fees.

Some top class American flatware in .900 or .925 silver has commanded many multiples of the bullion price at public auction.
The American silver of Paul Revere has attained astonishing prices at public auction.

Submission to a specialist antique public auctioneer should definitely be investigated beforehand.

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I have some hallmarked English sterling silver, and I would never consider in any circumstance having it melted for the silver value
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thq's Avatar
United States
3343 Posts
 Posted 12/23/2022  7:47 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
I collect it, on and off. Based on past experience I wouldn't expect to get much more than 60% of melt for solid pieces from the shops I deal with. Hollow pieces....good luck. The last vases I sold, the buyer crushed and removed the clay base weights before putting the pitiful remains on the scale. Hollow handled dinner knives fall into the same category.

Some sterling and coin silver flatware is highly desirable. The colonial American spoons I have (ca 1760) used to trade in the $250-500 range for a 5 gram coffee spoon, depending on the maker. Early 1700's English sterling sells in a similar market. Sometimes they show up on ebay, but mostly they are sold by a few specialists. They are rarer than rare coins.

There are a few modern and crafted patterns which are collected. Anything by Adler or Kalo, and modernist patterns like Towle Contour and Wallace Discovery for instance. But the vast majority of it is weighed and dumped into tubs for the refiner. I've pulled pieces I wanted out of those tubs and paid melt for them. They are much better value than Replacements Ltd.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
12/23/2022 7:55 pm
  Previous TopicReplies: 3 / Views: 1,892Next Topic  

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