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What to do with a 178oz of new wallace flatware?
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Thread: What to do with a 178oz of new wallace flatware?

  1. #1
    Join Date
    Jun 2008
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    4

    Default What to do with a 178oz of new wallace flatware?

    What to do with a 178oz of new wallace flatware?


    Hey guys

    Really sorry if this is in the wrong forum or if its been asked before, i didn't find anything in a search.

    For my wedding last year, my wife and i received 14 sets of Wallace barocco 5 piece dinner sets and 14 butter spreaders. From a little research, they are sterling silver, which while being high quality to my understand is less pure and valuable then real silver.

    They are all brand new and in the plastic. Tried to return them, but they were bought a couple states away and a non-chain flatware place (why couldn't they buy them where we were registered lol). oh well.

    I honestly didn't know they had a significant value by just being silver until i did some poking around online. Still new to this and really am naive to the pros of owning this stuff.




    Anyway, my question is what to do with it? Is not an heirloom or anything like that so i'd like it to make me some $$:
    -Ebay (couple listed, none have ever sold, plus fees are now exorbitant)
    -Craigslist (on ther now, no bites in months )
    -Gold / silver exchange, I have called a few, and here locally, i've found some willing to give my $0.75 on the dollar of the value in weight :shrug:
    -OR, hold on to it all 178oz of it and see if its value goes up? (its sterling though, and from reading the "market" forum here people seem iffy on the future, although mostly positive)
    Other?


    Any incite / tips is appreciated, or direction to a better place to ask this. Thanks
    Last edited by camarossguy2; 18th June 2008 at 19:53.

  2. #2
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    Jun 2008
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    Default

    Quote Originally Posted by camarossguy2 View Post
    What to do with a 178oz of

    From a little research, they are sterling silver, which while being high quality to my understand is less pure and valuable then real silver.

    Sterling silver (hallmarked with a lion in the UK) is 92.5% pure silver and 7.5 % other metals.

    Fine silver is 99.9% pure and is considered too soft for items like your flatware, so the silver is alloyed, traditionally with copper, to strengthen it.

  3. #3
    Join Date
    Apr 2008
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    77

    Default

    Find a jewler that deals with any gold or silver. Most I know will buy sterling silverware. Of course barely any dealer will give you the exact spot price or how would they make money? You should get a fair value though and that is pretty much the only way to make your money off of it if you are selling for the silver. Jewlers and coin dealers have hookups with refineries where they can melt everything down whereas people on Ebay will only be looking at your silverware for silverware in most cases.

  4. #4
    Join Date
    Mar 2008
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    2,127

    Default

    just make sure it is real sterling silver. go to ebay, search sterling silver scap.
    you should see there folks selling sterling by the oz or pound or troy pound.

    you can sell it ther if you wish. or I'll give you a $1,000.00 bucks for the job lot, {smiles} let me know.

  5. #5
    Join Date
    Jun 2008
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    Default

    Heck, post the id number and/or web page so I can take a look at them.
    Silver: Atomic number 47; chemical symbol Ag. Derived from the latin word Argentum, which means "white and shining".

    "When you got metal, all the world is a movie" Argentum, 3/09

  6. #6
    Join Date
    Jan 2008
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    Fly-over country, South Dakota. The heart of the USA
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    Default Sterling, brilliant, but not so fine.

    The 75% of spot on sterling "scrap" ware is the going rate at my local coin shop. He'll buy anything silver and toss it in the "bucket". I have bought things out of his bucket (at spot) and put them on ebay for a profit.
    I would do this IF I were in your position as it is very difficult to find someone looking for the exact set you have. Salvage value will be your quickest avenue to .999 fine silver. The form most prefered for investment. Or trade it for 90% if that is an option. That is another good option as 90% does not YET bring much over spot, and sometimes under.
    BARGAIN basement price on 90% now.
    Time to act, get the good stuff and hold it until it makes you SMILE BIG!
    JesterJay



    Quote Originally Posted by camarossguy2 View Post
    What to do with a 178oz of new wallace flatware?
    -Gold / silver exchange, I have called a few, and here locally, i've found some willing to give my $0.75 on the dollar of the value in weight :shrug:
    Any incite / tips is appreciated, or direction to a better place to ask this. Thanks
    If you don't GOT it, You don't GET it!

  7. #7
    Join Date
    Apr 2008
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    591

    Default

    Personally, I would stash it, then call the person who gave it to me and thank them agian. 175 oz. is awesome, regardless of the form it is in. I sold some 40% last weekend for a decent profit........

  8. #8
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    Jun 2008
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    Default

    Quote Originally Posted by Argentum View Post
    Heck, post the id number and/or web page so I can take a look at them.

    the manufacture is http://www.wallacesilver.com/

    Here are them for sale from several retailers(its 14 of the 5pc contental dinner settings and 14 of the "butter speaders, HH"

    http://westernsilver.com/wallace/barocco.html
    http://www.bedbathandbeyond.com/prod...=-1&SKU=114065
    http://www1.macys.com/catalog/produc...xx.esn_results

  9. #9
    Join Date
    May 2008
    Location
    Guadalatucky Mexifornia
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    Default

    Quote Originally Posted by JesterJay View Post
    Or trade it for 90% if that is an option.
    JesterJay
    Why on earth would you trade .925 for .90?

  10. #10
    Join Date
    Jan 2008
    Location
    Fly-over country, South Dakota. The heart of the USA
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    1,403

    Default Duh...

    Cuz it will fit in my pocket!!!
    Monetary silver instead of stuff that needs to be melted. 90% will trade for a premium in the future. Is easily recognizable as REAL silver. Can be used as MONEY, just add nothing! Very difficult to fake a silver dime/quarter/half/dollar.
    Really depends on where you think ALL THIS is going whether to buy the 90 or not. The sterling, in either case, MUST GO!
    You should have thought before that question. Put your pants in the microwave. Your brain is freezing.
    Sorry- couldn't resist that one!
    JesterJay


    Quote Originally Posted by My Pants Are Cold View Post
    Why on earth would you trade .925 for .90?
    If you don't GOT it, You don't GET it!

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