Ive come across a set I really dont want to keep around. Where do I sell it for best $$? LCS? Pawn shop? Gold buyers event?
Curious! I have a sterling silver tea/coffee set as well. Was Sterling Silver coated or was it solid? I have no idea. Can the experts chime in please? Hopefully that butt-hurt @pickled egg stays in the other thread.
Stirling is .925% silver. So based on silver content alone spot price comes to $23ish an ounce. But thats the big question which buyers will tend to offer closer to its spot content?
As for OP. LCS, no. Pawn shop, HELL NO. Gold buyer's event maybe, but not to anyone who has a booth. Let a couple of other attendees see you asking a vendor about buying it and see if an attendee will make you a bigger better deal. Craigslist / FB marketplace might actually be your best bet. You're not going to get spot value no matter what you do, most likely. Unless you just gotta, gotta, gotta have the hundred bucks RIGHT NOW, put that chit in a shoebox for the next gold and silver run and sell it then. When you see it on the evening news, that's your cue.
If it’s sterling it should be solid…except maybe the knife handles??? Euro stuff was/is pretty regulated and you can look up the marks to find maker, year, etc. I think US may not be as easy. if you see EP or EPNS it’s plated and worth nada.
^^^this One of the many reasons I don't mess with sterling. Provenance and actual content is not straightforward. I know exactly what I'm getting with 90% junk and (mostly) with bars and rounds.
There are several places that buy silverware and china to sell to others looking for specific patterns and replacements. The wife goes to one to check values of family heirlooms. I'll ask which one.
Will it be crazy to melt it into bars, and save for a rainy day? Process of melting metal intrigues me. Would be a cool hobby.
Crazy? No. Stupid? Yup. A blob of metal with no assay paperwork is useful only to hold down that non-existent paper.