Q:

What are some things to consider when selling your sterling silver flatware?

A:

Quick Answer

When selling sterling silver flatware, consider the condition, pattern and rarity. Specific pieces such as a dinner fork are valued higher than other pieces, such as teaspoons or many types of knives. A complete silverware set may be worth more than individual pieces.

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Full Answer

When selling sterling silver flatware, you may want to consider the current spot price of commodity silver. This price does not usually affect the value of flatware unless it is unusually high, but it is worth checking to be certain.

You should also consider the person to whom you are selling the silverware. Avoid transactions that require you to ship to remote locations unless you are positive that the buyer's identity is confirmed. Avoid buyers that request to pay with non-traditional payment methods, such as a banker certified check.

Sterling silver flatware can be sold on classified ads in the local newspaper or online. You may also want to contact a consignment store or an authorized dealer to buy sterling silver flatware. Some larger jewelry stores may be interested in purchasing sterling silver flatware.

Before selling your sterling silver flatware, you may want to consider its value as an heirloom. Keep in mind that sellers rarely receive an accurate price for what their sterling silver flatware is truly worth.

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