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Below is and example that we posted when silver was $40+

 Our clients listen to us, did you?

Today 4-14-2013 now it is $24.50

Time to sell your silver? Blog

Posted April 1-2013

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Posted by: RareSterling.com 2011

$40+?  $3-$40  in 10 years?

Goblets for example.

Below is a set of Reed & Barton Francis I Sterling Goblets.

Each goblet has a date coded symbol on the bottom which dates

them Pre 1958. Second, these goblets have gilded interiors

which were a special ordered add on. So you have the top

collected pattern in Francis I, an older set with gilded interior.

All of those factors make these goblets highly collectable

and have multiple investment and and price stabilization factors. 

The price of a regular Francis goblet start at $600

$1,000 for hand chased with gold wash interior. 

All of those factors together is why these goblets will never be melted.

As other regular silver goblets get melted and less are available, rare pattern value will rise

as the older collectors compete with the younger collectors for quality.

Not Scrap

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Below is a set of Reed & Barton H-120 Sterling Goblets.

These Goblets even though are made by the same company

and share a similar shape are completely different for a few reasons.

2-15 years ago when the price of silver was between $4 to $15 these

goblets were easy to find between $50-$80 each and max retail value was $160.

Today with silver near $40 per ounce these goblets at 5.8 troy ounces carry a

$202.00 melt value. Considering the economic condition, the

max retail value for the last 15 years is now equal to the melt value makes these

goblets bring in a max price range just melting. They carry no extra pattern value,

no extra add on value, and are just as common as any other plain goblet in the market.

So you can now see that some silver is being melted, it's like finding a max retail buyer.

If the price of silver falls to $20 again these goblets will be valued at $80-$100 again.

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  • Knowing your silver is the key to knowing if you have a scrap piece of sterling or something of greater value. There are billions of pieces of silver out there and knowing the origin, maker, period, rareness and condition of your piece is very important in determining the current value of your item. The price of your piece can vary from scrap silver 85% of spot prices all the way up to the $300+ per ounce. Some sterling is not calculated by the weight at all but rather by the demand for the piece or carries rarity value. There is no simple solution in determine the value of your item because the market changes daily with the fluctuation and volatility of silver prices and demand. But the one thing you can count on is that it will all settle down eventually as it has done in every other investment or bubble of the past. Location Location Location the 3 magic investment words. No matter what you invest in from the stock market, silver, housing, collectables, coins, antiques, glass, cars or other investments there is always a rush to get in until everyone is in and no one is left to buy. That's the end of "The Bubble" and most can take 10+ years to recover while most never do.
  • Value investment in sterling silver is not tricky at all, you just have to know the market. The market today is a lot different from just 8 months ago, 3 months ago or even 10 years ago. While most people have noticed a considerable gain in the value of their standard flatware set, they also have not noticed the same % gain in high quality rare sterling silver pieces. People always look at investments as a trend that will continue for ever and that's the number one mistake of investment strategy. It always looks as if "this is it", the magic bullet. We all can relate to the housing market magic bullet which turned into a bomb shell real fast, where home prices appreciated every month and there was a rush to get in because the average rate of price increase has gone from a 30 year historic average of 2% a year to a sudden 10% a month consistently for a few years. Well when all was said and done as we look back the smart move was to sell as it looked too rosy and move your investment to an out of focus investment. You can apply this same scenario to Beanie Babies back in the 90's where people were spending the kids' college funds on bean bags at $500-$1,000 each all now worth $10.00. The Stock market of 1999 where plumbers were giving stock advice as stocks moved much like silver is today. Most of the internet bubble companies went out of business and most others have never regained the tops they reached 11 years ago even with the market at all time highs, the trends and focus changed. You may even remember the sports memorabilia boom of the early 90's all of which has crashed and never returned as we sit 15 years later.  Depression Glass, Antique Furniture, Art Glass. All of these markets were hot at one time and not now. So be smart when you invest in metals and remember that more elements equals more protection, value and demand.
  • When it comes right down to it, if your standard every day 10 ounce silver that was worth $75.00 two years ago suddenly becomes worth $300 because of the silver content consider yourself lucky and SELL IT! Move your money to a different investment or to a rare piece of silver with multiple price stabilization factors and not just the silver content value of the piece. If silver continues to rise and the more that gets melted, less will be available and the appreciation of location location location when it comes to silver becomes a solid stable investment with way less downside risk.

  • If you need assistance with the current market value of your silver, we can help you.
  • Mike 310-435-1056 or email Mike@RareSterling.com

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