How much is silver flatware worth? Asked Logan
How much is silver flatware worth? Asked Logan
Alan, my name is Logan. I have some silver flatware in my house, that I’d like to sell. I have a matching flatware set with 12 soup spoons, 12 coffee spoons, 12 desert spoons, 12 canape spoons, 12 dinner forks, 12 salad forks, 12 desert forks, 12 dinner knives, 12 butter knives, 12 canape knives, 3 serving forks, 3 serving knives, 1 cake slice server, and 3 canape servers. In addition to that, I also have another antique cake server, nicely embellished with a snail decor and a small candelabra. Alan, How much is silver flatware worth? Where can I sell my silverware for a good price?
Logan from Las Vegas in Nevada
Logan, you have a beautiful silver flatware collection. The huge set comes in a wooden box and seems to be complete. The other parts are not matching. I guess you, or the previous owner collected silver items to decorate a table for season events like Thanksgiving or Christmas. In the 1970s and 1980s silver was very popular. Owning silver flatware or silverware was a status symbol. The more decorated a dinner table with flatware and silverware was, the more respected was the host. But that doesn’t apply to the 1970s and the 1980s only. Since the 18th century, silver flatware was a very popular status symbol. Back then, wealthy farmers hired silversmiths to produce flatware and silverware by using old coins as commodity. Logan, flatware and silverware is an important part of the American history. Your silver items are very nice, and I guess, I could find a special item in your collection.
reDollar appraiser, Alan Jensen
Logan wants to know, how much is silver flatware worth
Logan: Alan, we have some silver flatware here, that we plan to sell. The matching parts make a really nice set in a special wooden box. My grandparents bought this silver flatware set in Norway, in the 1930’s. Grandpa was working for an international wood trading company based in the Boreal Zone. I really don’t want to bore you, but the Boreal zone is one of the hugest environmental zones that covers about 13% of the world’s land surface. But you are probably wondering why I’m telling you that. The wood from my box comes from this area. You see the copy from the certificate I’ve added in my email? The flatware was a gift from the company my grandpa was working for to honor his efforts. My grandparents passed away when I was a toddler so there is no sentimental value for me, to be honest. For this reason we plan to sell the flatware but only if we can get a good price. How much is this silver flatware worth?
Alan: Logan, thank you very much for all the useful information. I have never heard about this natural environment before but it’s always very interesting to find out the provenience of a piece that I appraise. The flatware is very nice and all pieces are clearly marked as .925 silver. I see hallmarks saying “NORWAY STERLING SILVER.” That’s fine but what I miss from the collector’s perspective is more information about the silver flatware. There is no information about the company or the silversmith. That leads me to the assumption that your flatware is not very rare or special. It’s very beautiful but there is no demand for collectors. I’m pretty sure that such a set sells for the silver value. When I make an appraisal I check all important price building factors. First, I check if the piece was made from a special designer, for a special anniversary, in a special design, or made for a well-known family or person. I do that to find out if there is a special demand for collectors. Second, I calculate the value based on the material price. Because I don’t see a collector’s demand in your silver flatware, I calculate the value of your flatware based on the silver price. I asked you to weigh your items because in that case, the weight gives us the main information to calculate a price. If you would have offered us a Tiffany & Co. silver flatware set, then we would not calculate the value by the weight. For pieces from famous designers or producers we always pay a premium. Your silver flatware weighs 77.28 ounces, except the knives. The knives weigh 27.36 ounces. We have to weigh them separately because knives have base metal parts included like the edge and filling materials inside the handles. Our article “How much silver is in a knife handle” delivers very useful information to that topic. Based on the provided weight, I think we have a selling value in the range of $1520.68 for the flatware and $538.58 for the knives.
Logan: That’s awesome, Alan. I fully understand your explanations. What about the snail looking item? Can you unlock this miracle?
Alan: Oh yes, I can. I know such pieces very well and the usage of your “silver snail” was simple but effective. It was used to warm spoons. It is a spoon warmer. But it’s not a snail it’s a nautilus shell. Spoon warmers are used in past and are not common anymore. I asked you to weigh this item too. You told me a weight of about 150 grams and that equals a value of about $104.16. I think that there is a collector’s demand for this nice silver spoon warmer, why our company would pay 15% more than the silver value. It’s not a very exceptional piece, but very nice.
Logan: I’m very satisfied with your appraisal, Alan. My quick stop at the local pawn shop was a waste of time. They were unfriendly and also inexperienced, I think. Your explanations are much more qualified and professional.
Alan: Thank you for your friendly words. I know that many gold buyers and pawn shops pay only little money for such items. Logan, please consider that our team of experts are real experts. We are specialized in the fields we are working and have the relevant work experience. Please let me finish my appraisal with your antique cake server. It’s made of sterling silver and can be used as cake server as well as a jelly server. The server is ornamented with a lovely piercing in the spade-form blade. The server is hallmarked on the back of the handle with “PAT” and “STERLING.” The server is in fine antique condition with nice pattern details: lily blossoms and art nouveau leafage. The material value is around $40 but because this piece has a collector’s value, I think $150 is realistic price for your silver cake server. Our company would pay around $120 for such a piece.
Logan: I appreciate your honesty. What about my candelabra? How much is my silver candelabra worth?
Alan: The candelabra is a very nice piece but unfortunately it’s not made of solid silver. We have some silver plated candelabras here. There is some value but because of missing I think it only has a very little value. We would buy such a piece for about $35 but in such a case we often recommend our customers to keep the item or trying to sell them to private customers instead of selling to a commercial buyer.
Logan: Thank you very much for your help, Alan! You helped me a lot and I really appreciate your professional support.
Alan: You’re very welcome, Logan! Whensoever you need my help, don’t hesitate to contact me, it’s my pleasure to help you.