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Sterling fork, absolutely gorgeous, but melt as scrap?
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<p>[QUOTE="lrw, post: 204185, member: 3622"]Very nice fork, Lucille....I buy flatware to use in my jewelry and collect pieces also. Pieces that are damaged, common or worn beyond recognition go into my melt pile. Your fork is in near new condition and should bring at least $25 when the right person sees it. The scrap market is very consistent as to the value of sterling silver in any form, 85% of spot price is the norm. </p><p>Using that formula the scrap value of your fork @46.7 grams would on this day, 1/16/2017, be...Spot = $16.87 per troy ounce, 31.1 grams per ounce troy=.54 cents per gram x 85%=.46 cents per gram. That puts the scrap value at $21.48.</p><p>Scrap buyers will also formulate shipping costs in their offer. Jewelry items and sterling tableware can bring higher prices if the buyer sees more value in resale.[/QUOTE]</p><p><br /></p>
[QUOTE="lrw, post: 204185, member: 3622"]Very nice fork, Lucille....I buy flatware to use in my jewelry and collect pieces also. Pieces that are damaged, common or worn beyond recognition go into my melt pile. Your fork is in near new condition and should bring at least $25 when the right person sees it. The scrap market is very consistent as to the value of sterling silver in any form, 85% of spot price is the norm. Using that formula the scrap value of your fork @46.7 grams would on this day, 1/16/2017, be...Spot = $16.87 per troy ounce, 31.1 grams per ounce troy=.54 cents per gram x 85%=.46 cents per gram. That puts the scrap value at $21.48. Scrap buyers will also formulate shipping costs in their offer. Jewelry items and sterling tableware can bring higher prices if the buyer sees more value in resale.[/QUOTE]
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Sterling fork, absolutely gorgeous, but melt as scrap?
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