Of all the antique collections a person could enjoy, none are quite as visually pleasing as a sterling silver collection. However, there always comes a time when one or two pieces no longer fit, or you simply need to trim down your collection. When that happens, many silver enthusiasts are at a loss for what to expect when selling silver. Fortunately, it doesn’t need to be a complex or risky ordeal.
Where To Sell Silver
When selling anything of high value, it’s important to find someone trustworthy to work with. Look for local businesses that specialize in antiques or precious metals—the ideal business will be well versed in both. While it may take a little extra reading and search, it’s well worth the effort.
For instance, if you’re selling sterling trophies from your collection, it’s a great idea to find an expert that also collects similar pieces. Experts in the field will invite you into a clean shop where you can look at similar pieces while they inspect yours. Individuals engaged in collecting silver antiques will always be able to properly identify and evaluate pieces using the correct tools and techniques.
Where Not To Sell
While it’s tempting to go the easy route, it’s not worth it with fine items like silver. It doesn’t take much to snap a few photos and list your pieces of silver online. However, even with a reserve, the chances of you receiving what the item is actually worth is very slim. The same goes for local pawn shops and other eager takers. Plenty of people will use suave sales techniques to ensure you feel like you’re getting a great deal when in reality, they lack the expertise and tools to properly evaluate your item.
How Selling Works
Selling silver is not like buying and selling any other item. Depending on the nature of your items, making a sale could take some time. What to expect when selling silver or any valuable collectible often comes down to waiting patiently. Your local reliable silver dealer will need time to look the piece over. In general, this involves checking the purity, looking for markings, and generally assessing the condition of the piece.
While the bottom-line price will relate to purity and weight, other aspects do factor in and can further raise or lower the value of a piece. In other words, it's not necessarily a space for bartering so much as patiently waiting for the professional to complete their delicate work. When they are done, they’ll let you know a price; at that point, it’s up to you to take the offer or not.
Nelson and Nelson is an antique silver collector and dealer serving the local New York City area. Our silver has been handled by the same talented silversmith for over 40 years. We have the expertise to identify and offer the best prices for your silver antiques. Reach out to us today with further inquiries about buying and selling silver.