Selling Sterling Silverware 101

Maybe you have some sterling silverware lying around. Maybe it’s in your attic or a dark corner of your dining room. Whether it’s been in your family for generation, or it was a stray wedding gift, it’s hard to take care of. It needs to be polished every 6 weeks or so, and 3 weeks before you plan on using it for a dinner party (although there aren’t many of those these days given the COVID-19 pandemic).

So, you decide to sell your silver. It’s not worth the upkeep and you could use the cash. For most, selling sterling silverware isn’t a common occurrence. It’s easy to feel overwhelmed by the many places that claim to give the best offers for silver. That’s why we created a guide to selling sterling silverware where we answer many of the frequently asked questions we get from sellers. We want you to feel confident selling your silver — even if you don’t sell with us!

Sterling Silver or Silver-Plated?

Whether or not your silverware is sterling silver or silver-plated makes a big difference. The easiest way to tell is to look for the hallmarks stamped into your items.

If your silverware is silver-plated, it’s best to keep it, donate it or try your luck online. The resale value isn’t very high on these items, and sometimes the hassle isn’t worth it. Try looking on eBay or other resale sites for similar sets and designs to decide on your pricing.

If your silverware is sterling silver, this makes it much easier to sell. That’s because it can be melted down to make something new or re-sold for a good price in a retail store. To determine the rough worth of your sterling silverware, you can do a little research. Then, you can bring it to Dallas Gold & Silver for a free, no-pressure offer from our experts.

How Much is My Sterling Silver Flatware Worth?

Basically, the price of any silver is always going to be tied to the market price of silver. Check the current market price of silver before you sell your silverware to get an idea of the current silver price. Weigh your silverware and convert that weight into troy ounces to get a better idea of its value.

Avoid Selling Sterling Silverware in Pawn Shops

In pawn shop shows, it seems like they have all the answers for any item you bring in. This is rarely the case. Pawn shops buy (or pawn) a lot of items, which means they can be jacks of all trades, but masters of none. Dallas Gold & Silver Exchange knows silver – it’s in our name, after all! And we’re NOT a pawn shop. Our experts have been dealing with precious metals for decades — pawn shops have got nothing on them.

Compare Prices and Shop Around

You want to ensure you’re getting the best price — we get it! That’s why we encourage you to shop around. We’re confident that we’ll be able to give you the best price in DFW. Our experts are ready to take a look at your items and give a free, no-pressure offer Monday-Saturday. Visit us in Dallas, Euless, Grand Prairie, Grapevine and Lewisville!

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