The photo above was taken for an estate auction in Carbondale, IL. While the photo looks like a beautiful array of silver serving items, the actual melt value in the photo is minimal. All of the items shown are silver plated which means they are a base metal with a very thin layer of silver over the top. Silver plated items can be marked "EP", "EPNS", "Quadruple Plate", simply "Plated" and more.
Knowing the Mark
Knowing what the markings mean is pivotal in understanding the value of the silver item. The markings can give the maker, the standard of silver that the maker was using, whether the piece is "weighted" or not (meaning they are partially filled with another material like wax or lead to keep them stable), and also the pattern.
Looking Closely at Jewelry
Silver jewelry can be even more complicated to identify because of the size of the markings on such small pieces. As you can see in the examples above, some makers use numbers like 925 or 830 (representing 92.5% or 83%), while other makers use the word "sterling" on the pieces. Be sure to look very closely on these pieces to be sure you understand what you are seeing.
In both serving pieces and jewelry, the value also lies in the beauty and not just the melt value. If you find a piece interesting, beautiful, or find that it suits you, then maybe the value is higher than the silver melt value. After all, fine jewelry and antiques can dress up a room or an outfit, so have fun finding your new silver treasures!
One of the most exciting parts of the auction business is finding hidden treasures in an estate. Recently, while we were setting up for an auction in Carbondale, we found a painting in one of the bedrooms. We went through the usual process of investigating the artist and the possible value of the art. As we kept looking, we were finding art pieces by the same artist selling for more and more money! We decided to contact our fine art contacts. We made the decision to consign the art piece at Selkirk Auctions in St. Louis. It will be featured in their April 20th Modernism auction. The auction estimate is $10,000 - $15,000!
Part of our expertise as auctioneers is recognizing valuable pieces and deciding the best way to sell them, even if that isn't in our auction! Keep an eye out for a follow up post about our experience at the auction!
If you are interested in bidding on this piece of art, you can contact us or contact Selkirk Auctions directly!
When it comes to liquidating items leftover after a relocation, there are several formats that HomeWise can use to help. One of them is having an estate / garage sale at the client's home.
After meeting with Helen, it was determined that her items would sell best at an in-person estate sale. She had a wide range of items, but not a very large number of them, so she chose to have the HomeWise team price the items (with her input) and facilitate the sale with advertising, online marketing, and cleaning out the remaining items after the sale.
In preparing for the sale, our team brought tables and tablecloths for displaying the items for sale. We priced each individual item and worked closely with the client to be sure she was satisfied with the prices. We also photographed the items so that we could advertise them online on several websites and social media.
During the sale, the HomeWise team kept track of all of the sales, gave regular updates to the client, and answered any questions from potential buyers. By the end of the sale, only a few items were left, which the client chose to have us donate to a local thrift store.
After the sale, we helped Helen finish cleaning out her home and getting the remaining items either moved or donated. The charges that the client incurred from our company included a flat fee for advertising and marketing the sale, plus an hourly rate for the facilitation of the sale. Helen is now happily living in her new condo and is pleased with her downsizing experience.
Do you know someone like Helen? The HomeWise team is available to help with organizing, downsizing, and liquidating, and each client needs a different combination of these services. Many people may be overwhelmed about starting the process, but you can trust us to see you through from start to finish.