Gold and Silver have gone wild! Prices for gold and silver items are reaching record highs. This pair of candlesticks sold on ebay recently. They were advertised as weighing 2 pounds and they brought $200.00. Thirty two ounces of sterling would scrap out for around $1,000, so you would think that someone had made a great purchase.
Wrong. These candlesticks probably do weigh around 2 pounds, the problem is the sterling content equals around 1 1/2 ounces. The other 1 3/4 pounds is either wax, cement or plaster. Be careful when buying sterling candlesticks. Most of them are weighted and the actual sterling is a fraction of the total weight. Typically on a short set of candlesticks the sterling weighs around 1 1/2 ounces. One and a half ounces of sterling is going to be worth around $55.00 at today's market price of 40.00 per ounce.
Things to remember:
Sterling is .925 pure
Most candlesticks are weighted
Sterling is weighed using troy ounces (31 grams per ounce)
800 is marking that is commonly referred to as Coin Silver, it is 80% pure
Do the math
Silver spot price $40.00
Sterling (%) X .925
Cost per ounce 37.00
Weight (troy oz) 1.50
Value $55.50
**Your actual selling price will most likely be lower than this figure. This is because the person purchasing the silver needs to make a profit too. Use this as a base number for calculating your return.
At Estate Sale Sterling Silver, we offer discounted prices on Candelabra products at the best prices both online and here in Paris. Visit us now to know our products & sets.
ReplyDeleteNice blog! Thanks for sharing. The antique sterling silver candlesticks are perhaps the quintessential antique silver object. The items such as early silver candlesticks dictate a very high price.
ReplyDeleteI want to sell some silver candles sticks in the Asheville NC area. Been 2 places and just dont think they are offering enough...they are sterling from 1872. The initials are for a John Carter II. Email me if interested. Bclementsedi@gmail.com
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"Estate Sale Sterling Silver" is a red flag on ebay ! Estate Sale my ass...
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ReplyDeleteSo who buys weighted sterling silver candlesticks,they are still silver and still beautiful.
ReplyDeleteCoin silver in the U.S. is .900 silver, which was the standard from 1792-1964 for U.S. Mint coinage. .800 silver is typically referred to as German silver, for tableware made in Europe, and also was the standard in Canada for coinage from 1920-1966.
ReplyDelete.900 silver was also a standard for tableware silversmiths in post colonial America.
ReplyDelete