ok today we're going to talk about where
to sell your strip your silver flatware
first of all there's two types there's
sterling silver which is 92% pure silver
and their silver plate which is just a
thin coating of silver over base metal
basically I'm going to talk about
sterling flatware which has intrinsic
value I'm not going to talk box of a
plate which has a very limited down
there are basically five places to sell
your sterling plat work up number one
would be to a coin shop it's convenient
you can take it right in get a price but
they're only buying it for the value of
a metal and they have to make a profit
on ml and they sell to Sterling matches
matching services twice a jewelers are
like crunch ups number two would be to
sell to a smelter a smelter is one step
better than a coin shop you're you're
cutting out the middle so you should get
a better price from a smelter the
downside is they want really big
quantities like a thousand ounces
minimum to make it worthwhile and again
you don't get any value for the the
value of the pan number three would be
the roadshow type of purchases now every
city has these a group will come into
town they'll take out big TV and huge
newspaper ads and they'll typically set
up at a hotel they'll have the rent
hotel don't have security but come
therefore so they got all these huge
expenses I mean these TV and and radio
and print ads are you know tens if
not $100,000 you got the rental hotel
you have people moving in meals yet all
that over it's not a good way to get
full belly so they got to reduce the
price like that's a 50% from the coin
shop or the smelter you know they're
getting the word out that they're buying
but they cannot with the viewing that
they have give give a good price
the fourth way of doing selling your
silver is the cash for gold of type
envelope system you've all seen on tv
put your silver rolled in and we'll open
send it off this is probably the worst
way
Oh for example in Milwaukee one of the
TV stations did an expose it
they bought a gold ring for five hundred
dollars took it to coin shops and got
off with about a hundred dollars and
then they sent it to catch revolt and
they got five dollars and 20 cents the
same is true of silver it's not a
derivative Oh
the fifth way and the way that I suggest
is to sell it with silver mansions is
you get the value not only for the metal
but you get the value for the
desirability of it true if the pattern
has no desirability then it won't be
much different that you would get in the
smelter but it certainly is worth
investigating
also um you should consider
consider getting not just one offer
board up it's always smarting to get two
or three offers from sellers from at
least three matching services get their
prices check the reliability and then
choose the one that is overall events
two examples how you do much better
selling your silver - silver mansion
service then smelted our items that came
in last week
one is this set of Georg Jensen khakis
the silver value of this knife from
smelter would be about seven dollars
we paid seventy six dollars for each
time
here's another one not so well known
it's called ripple by hands ganzen not
popular but again this knife from a
smelter would be about eight dollars and
we paid $25 each