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NJDevil1044

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Discussion starter · #1 ·
We were cleaning out my moms attic and came across my great grandmother steraling silver collection...2 tea pots, a full tea set, 4-5 chafing dishes, probably over 15-20 pieces and maybe 30-40 lbs of silver just in raw weight.....I'd hate to just take this to a Gold?silver buyer whose only gonna give me 1/4 the value and just MELT IT DOWN. But, We need the money for the coming baby BADLY and we can't use this stuff, but I have NO IDEA where to take it to get fair value for it. i verified with a local antiques seller that it is real sterling silver pieces, but they are American made, not the more valuable Tiffany or whomever else.....does anyone have any suggestions on what I should do with thi, or does anyone here work in this field or a related field that they could do something with this stuff? Thanks all.
 
Take it all to a MINIMUM of three places and get your offers and make sure at lease one is a coin dealer who would buy it based on the melt value. Do a search on the internets to see if any of the manufacturers are famous like Paul Revere. A little due diligence will go a long way between reaping 20% of the value to 90%.
 
i saw a commercial where they sell some coins...and like they limit the amount one household can buy and then like they are like"act now!" and have the timer where you have to call before it runs out....probably pretty in demand[ninja]
 
Take it to Pawn Stars. They always seem fair as they ass rape customers![hihi]
 
Most of that is worth more melted than sold as is unless it's highly collectible. I have a close friend that is a jeweler that gives me his market price as a favor, but I think he told me he makes about 20% to 30% normally and he turns around gold and silver the same day most of the time due to market volatility. Others gave sound advice, take it to more than one person and get prices.
 
Kitco, hit the forums. Look for and PM a member named captainsilverton. Silver is about $28 a Troy ounce now. There are 12 Troy ounces in a Troy pound. Sterling silver is normally 92.5% silver. Might be worth more melted down, but the guy I mentioned might be interested in seeing it.
 
Discussion starter · #14 ·
Yeah no Kidding Jersey......That what scares me the most....I watch shows like Pawn Stars and they literally glorify these A**holes who buttrape these people on TV WITH SMILES ON THEIR FACES! I definately do not want to wind up one of the butt-raped! I really can't stand pawn brokers or Gold/Silver buyers
 
When I sell a quantity of silver or gold I ship it directly to a reputable refiner. They pay up to 98% daily spot value and generally charge a flat $50 or so assay charge. Of course you have to pay shipping and insurance charges. It's a shame to do that with family goods, but nobody pays that kind of money for collection/display anymore. Ed.
 
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