Some people do take their antique silverware to auction or sell it through a middleman, but you do have to pay a commission on that. Instead, you can sell it yourself online. There are a number of auction sites dedicated to selling silver, plus you can always turn to sites such as eBay.
Full Answer
Who buys real silverware?
“We buy a sterling silverware set pretty much every week,” said Stephen Stierstorfer, owner of American Coin and Jewelry Exchange on Hulen Street in Fort Worth. “Younger people don’t care about it. They want to turn it into a big-screen TV or a vacation.”
Where to sell silver utensils?
Since the day is considered to be auspicious to buy precious metals and utensils, many aspirants buy gold and silver on this day. According to NRB, it has been selling the gold and silver coins from its Mint Division at Babarmahal, Kathmandu. According to ...
Where to sell silver items?
Sell your silver at a pawn shop if you have quality items. Most cities have pawn shops, making them a popular choice for selling silver. Pawn shops are great because you get paid on the spot, but you won't get a good price for your silver unless it's super valuable.
Who buys Silver pieces?
Table of contents
- Does the government sell silver bars?
- Can I buy silver from the government?
- Does the US Mint sell silver?
- Is it illegal to own silver bars?
Where can I sell my old silver cutlery?
Sotheby's is your most reliable venue to sell silver flatware, serving pieces or other items that you are ready to part with.
Are old silver utensils worth anything?
Is silver flatware worth anything? Yes, absolutely! Anything that contains silver—whether a coin, a trinket, or yes, silverware—is worth at least as much as that silver is worth.
Is silver cutlery worth anything?
However, even an odd collection of silver cutlery can have a high value as long as it is made from sterling silver. Broadly speaking the older the service the rarer it is to remain as a straight service.
How much are antique silver spoons worth?
The price of Sterling silver souvenir spoons range from $5 to $2500. An overwhelming majority of spoons are sold for not more than $60 while an extremely high percentage go for not more than $30.
How do I know if my cutlery is silver or silver plated?
Buff the silverware to a shine with a soft, nonabrasive white cloth. If the silverware is real, it will leave a slight (or not so slight) black mark. Real silver chemically reacts with oxygen to form a patina (tarnish) while silver plating bonds to the underlying metal, so stainless steel will leave no such mark.
What is the best place to sell silver?
10 Best Places to Sell SilverCoin Shops.Consignment Stores.Craigslist.eBay.Jewelry Stores.Online Bullion Retailer.Pawn Shops.Refinery.More items...•
Should I polish antique silver before selling?
0:003:00Should you clean your silver before you sell it? We explain ... - YouTubeYouTubeStart of suggested clipEnd of suggested clipBefore it's sold and if you've got silver then you need to do the same. Now you don't need to polishMoreBefore it's sold and if you've got silver then you need to do the same. Now you don't need to polish it until it sparkles like there's no tomorrow.
What can I do with old silver spoons?
Upcycle your old spoons into a handy rack.Open your cupboards in style with repurposed spoon cabinet handles. ... Turn an old ladle into a unique candle holder. ... Repurpose your old cutlery into a silverware chandelier. ... Change spoons into table markers at your DIY wedding. ... Transform old spoons into neat garden markers.
How do I know if my silver spoons are worth money?
Silver Plated Spoons will normally sell from $1 to $15. Very few will exceed $15. If a spoon is NOT marked sterling or if it does not have legitimate European silver marks, it is MOST likely silver plated.
Is there a market for antique silver?
There's plenty of antique silver for sale up and down the country. Auctions are good places to flog a lucky find, or if you're a dealer, you can reach more collectors by selling your silver antiques in an antique centre.
Can you get money for silver spoons?
Even if a spoon is sterling silver or silver plated, it could be worth more than any pure silver spoon you could own if it's a collectible.
Where to Sell Silver Cutlery
We make use of our relationships with dealers and collectors to buy your items directly from you. We value your old silver cutlery in your home and then find the perfect buyer for them. This guarantees you receive the best price.
Why Burlingtons is the Best Place to Sell Silver Cutlery
Some people sell their silver to the companies that mail you a prepaid envelope, ask you to fill it up and then send you the proceeds. This is not how to get the best deal. This type of selling also carries an element of risk, and the final amount you receive may fluctuate depending on their valuation.
Why People Want your Silver Cutlery?
Silver has long had use as cutlery, be it a sterling silver soup spoon, a silver set of fish knives and even a solid silver plate or other flatware – people buy and use these pieces. They will always continue to do so, and it is this reliability that means you will successfully sell your silver cutlery.
What is the best place to sell silver?
Chevron. Sotheby’s is your most reliable venue to sell silver flatware, serving pieces or other items that you are ready to part with. With live and online auctions throughout the year featuring modern and antique American, English, European, Chinese Export, Spanish Colonial, or Judaic silver, Sotheby's offers many ways to sell silver you have ...
What does a hallmark on silver mean?
Pieces of antique silver often have hallmarks or stamps indicating the purity of the silver, location of manufacture, date and maker . In England, hallmarks can be easily identified as far back as the late 16th century, but many other countries or individual manufacturers have used hallmarks as a form of consumer protection throughout history. ...
How to get money for silver?
At an Auction. Another way to get cash & money for silver pieces is to take them to an auction. While there may be serious bidders here, remember that you will have to pay a commission to the auction service.
Can you offer silver flatware?
If you know someone who collects silver pieces , you may decide to offer your silver flatware to them. Collectors are going to be very particular about what they buy, though, so don’t expect to get a good offer if your silver isn’t in good condition, isn’t a complete set, or isn’t that old.
How to increase the value of silver cutlery?
You can leave this to an expert or do it yourself. Jewellers clean silver cutlery in an ultrasonic device that is also used to clean glasses. For cleaning in an ultrasound machine you need a drop of detergent and a little tap water. Hold the jewellery in the water for one minute and dab dry with a lint- free cloth. The silver cutlery shines in its original shine after a short time. In Grandma’s day, silver jewellery was cleaned with aluminium foil and salt. With this cleaning method, a tray is lined with aluminium foil and covered with salt. Then pour hot water over the salt until it dissolves. Now you can put the silverware into the liquid and wait. The aluminium foil will turn black after a few minutes. The silver cutlery, on the other hand, regains its original shine. After cleaning in an aluminium bath, you should dab the silver cutlery with a cloth.
Is silverware a true work of art?
Many a silverware is considered a true work of art. Especially when it has a history of historic proportions. For example, the oldest completely preserved cutlery set in the world was recently auctioned off.#N#This came under the hammer at Christie’s in London for 1.8 million euros. The cutlery was made in the silversmith David Altenstetter’s workshop in Augsburg and dates from 1615; the Renaissance silverware was purchased at an auction by an anonymous private collector. The set includes 36 pieces of cutlery decorated with foliage ornaments. In 2010 the Guelphs auctioned various works of art, including the silverware of George III, the King of Hanover and England.#N#Even if you probably do not have such art treasures in stock in your attic, you should not be discouraged. We know many bidders who were surprised by the high selling price of their silverware.
How to polish silverware before selling?
If you want to polish up your silverware before you try to sell it, you can use a few common household items. Toothpaste and hand sanitizer can both help . Add a few drops of either, then use a soft rag to polish up the pieces. Window cleaner also works.
How many times can you sell silver flatware?
You can only sell your flatware once, of course, so you want to be sure you get as much for it as you can. Before you begin the selling process, there are a few DIY solutions you can do to make sure you truly get the most out of your silver.
How to clean silver flatware?
One of the most common recipes used to clean silver without spending a lot of money on expensive silver cleaner involves aluminum foil, water, and baking soda. Simply boil the water, add in a tablespoon of your baking soda, and then place some aluminum foil in the pot. Drop the piece of silver in so that it comes into contact with the aluminum foil. After about ten seconds or so, pull it out using a pair of kitchen tongs. You should see that most of the tarnish is gone!
How to clean silver without a lot of money?
One of the most common recipes used to clean silver without spending a lot of money on expensive silver cleaner involves aluminum foil, water, and baking soda. Simply boil the water, add in a tablespoon of your baking soda, and then place some aluminum foil in the pot. Drop the piece of silver in so that it comes into contact with the aluminum foil.
Can you sell silver plated jewelry for less?
That way, you won’t sell it for less than you should. This means doing some research into any markings on the pieces to determine the manufacturer, the year of manufacture, and if the items are sterling (92.5% silver) or simply silver plated. You can find some of this information online, or you can take your items to a silver appraiser.
Can you sell antique silverware online?
Instead, you can sell it yourself online. There are a number of auction sites dedicated to selling silver, plus you can always turn to sites such as eBay. Tweet.
I inherited the family silver. What can I do with it?
If you’ve inherited the family silver—in the form of silverware, serving pieces, flatware, coins, jewelry, or even silver bars and ingots—but don’t want it, you have a number of options to sell it:
Where to sell silver flatware and silverware
In selling silverware, keep in mind that buyers are interested in different things:
How to sell silver flatware and silverware online
You can sell your silverware for top dollar in three steps using CashforSilverUSA:
What to expect when selling silver flatware
Similar to selling jewelry (above), you can sell your silver flatware by either bringing it to a pawn shop, silver exchange, or leveraging an online silver buyer like our top recommendation, CashforSilverUSA.
Emma Johnson
Wealthysinglemommy.com founder Emma Johnson is an award-winning business journalist, activist, author and expert. A former Associated Press reporter and MSN Money columnist, Emma has appeared on CNBC, New York Times, Wall Street Journal, NPR, TIME, The Doctors, Elle, O, The Oprah Magazine.