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Silver expert in SG?

[Deleted User][Deleted User]
edited March 2011 in General chat
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  • RoyRoy
    edited 4:24AM
    I have no knowledge of antique cutlery but I have an interest in gold and silver. Silver has gone up hugely in price in recent months and years.

    Assuming it's sterling silver (you should be able to find guides to the hallmarks on the web) then the underlying silver in it is worth about £630 per kg (or 63p per gramme) at today's prices. Obviously I'm not suggesting you melt them down for scrap (which would give you rather less than the silver value) but at least you can weight them and get a ballpark figure for the value of the underlying metal there.

    Obviously with luck it will be worth hugely more than scrap value if it has some rarity or desirability as an antique.

    HTH

    -roy
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  • [Deleted User][Deleted User]
    edited 4:24AM
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  • RoyRoy
    edited 4:24AM
    Well, really if they're hallmarked then they're probably solid silver and I think most solid silver is fairly pure (Sterling is 92.5% and Brittania is 95.8%). Google finds me http://www.925-1000.com/british_marks.html if that helps.

    I imagine there are people out there who like antique silver cutlery so I doubt that you'll want to melt them down for scrap. But if they're nothing special then my guess (and it is just a guess) is that they will be worth round about the value of the underlying silver content more or less (my guess is maybe a little more). If you were to scrap them, they would be worth somewhat less than the silver because it costs money to melt them down.

    But please note, this is all just a guess! But certainly weigh them as a starting point.

    -roy
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  • missisclackmissisclack
    edited 4:24AM
    Don't melt for scrap! I like the sound of a mish mash antique cutlery set!
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  • RoyRoy
    edited 4:24AM
    Keep it as an insurance policy? In the post-apocalyptic barter economy gold and silver will be the only money...

    -roy
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  • AliAli
    edited 4:24AM
    Does cutlery not sometime have sand in the handle end to give it weight and balance! If so working out scrap value may be more difficult Have a look at this <http://www.precious-metal-services.com/we-purchase/silverware/>;
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  • [Deleted User][Deleted User]
    edited March 2011
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  • KazKaz
    edited 4:24AM
    Slightly further afield, but what about the antique market in Camden Passage in Angel?
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  • tosscattosscat
    edited 4:24AM
    I hear it's going to hit $250 in 2011.
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  • RoyRoy
    edited 4:24AM
    Silver at $250 per troy ounce? Seems implausible - at least in those timescales (although I hope you're right :-)

    Are you sure you're not thinking of predictions of oil reaching $250 per barrel?

    -roy
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  • tosscattosscat
    edited March 2011
    Look left. China is driving up the price, allegedly.
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  • [Deleted User][Deleted User]
    edited 4:24AM
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  • [Deleted User][Deleted User]
    edited 4:24AM
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  • RoyRoy
    edited 4:24AM
    @tosscat: Oh, I'm bullish about silver - I just don't see it going up sevenfold in under ten months! $250 is definitely amongst the highest predictions I've read.

    Anything is possible, though.
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  • SamlouSamlou
    edited 4:24AM
    The guy in Muswell Hill with the 'We Buy Any Jewellery' shop near the big bus roundabout is a really nice man and I'm sure would give you good advice. His shop looks pretty ropey but he's straightforward and honest. I've sold him quite a few things over the years.
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