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Wednesday, April 13, 2011

Sterling Weighted Candlesticks



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.

4 comments:

  1. 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.

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  2. Nice 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.

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  3. I 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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  4. This is really a nice and informative, containing all information and also has a great impact on the new technology. Thanks for sharing it best place to sell gold and silver

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