Comments on: We Buy Estate Jewelry– and How! http://www.mardonjewelers.com/blog/estate-jewelry/we-buy-estate-jewelry-and-how/ Custom Jewelry and Gem Industry News in Riverside, CA Mon, 09 Jan 2012 10:36:55 +0000 hourly 1 http://wordpress.org/?v=3.3 By: James L. Sweaney, CGA, FGA. GG http://www.mardonjewelers.com/blog/estate-jewelry/we-buy-estate-jewelry-and-how/comment-page-1/#comment-40460 James L. Sweaney, CGA, FGA. GG Wed, 30 Mar 2011 22:37:22 +0000 http://www.mardonjewelers.com/blog/?p=1197#comment-40460 Looks like you've done some good research. We buy mainly jewelry items, mostly gold, so wouldn't be interested now. Unless there is some factor for rarity, your item must compete with other similar items on the market. In selling anything like this, the real questions are what is the least you will take for the item, what effort will you put into selling it, and what is the best market in light of the first two questions. For a quick turn, you can sell directly to a refiner-- they will pay about 90% of the spot value of the silver content-- but its a pity to melt something like this. Selling to someone in the estate buying business-- they will probably only pay what the refiner would, or even a bit less to cover their expenses. That leaves markets like Ebay, etc., or other markets to private parties. Again, depends on your effort and the exposure you can give in marketing it yourself. Not a lot of demand for items like this-- our much more casual lifestyles means less use of tea sets! Looks like you’ve done some good research. We buy mainly jewelry items, mostly gold, so wouldn’t be interested now.

Unless there is some factor for rarity, your item must compete with other similar items on the market. In selling anything like this, the real questions are what is the least you will take for the item, what effort will you put into selling it, and what is the best market in light of the first two questions. For a quick turn, you can sell directly to a refiner– they will pay about 90% of the spot value of the silver content– but its a pity to melt something like this.

Selling to someone in the estate buying business– they will probably only pay what the refiner would, or even a bit less to cover their expenses. That leaves markets like Ebay, etc., or other markets to private parties. Again, depends on your effort and the exposure you can give in marketing it yourself. Not a lot of demand for items like this– our much more casual lifestyles means less use of tea sets!

]]> By: Will Cunningham http://www.mardonjewelers.com/blog/estate-jewelry/we-buy-estate-jewelry-and-how/comment-page-1/#comment-39849 Will Cunningham Sun, 27 Mar 2011 22:15:33 +0000 http://www.mardonjewelers.com/blog/?p=1197#comment-39849 Hi. I'm seeing the price of silver going up and contacting a few places to try and find out what my tea set is worth and most likely sell it. It's a Reed and Barton 4 Piece in Georgian Rose. It weights around 82 ounces, which converts to around 74 troy ounces. So right now it's weight in silver is a little over $2500. I have attached a picture of an itendical set I found on the web. If interested I could get a camera and take more pictures. All pieces are 92.5 sterling silver and in perfect condition, just need some polishing. Thanks. Will Cunningham Hi. I’m seeing the price of silver going up and contacting a few places to try and find out what my tea set is worth and most likely sell it. It’s a Reed and Barton 4 Piece in Georgian Rose. It weights around 82 ounces, which converts to around 74 troy ounces. So right now it’s weight in silver is a little over $2500. I have attached a picture of an itendical set I found on the web. If interested I could get a camera and take more pictures. All pieces are 92.5 sterling silver and in perfect condition, just need some polishing. Thanks.

Will Cunningham

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