Blog Archives

Is it time to sell your sterling flatware?

Do you have a sterling flatware set, or in some cases, multiple sets, that you don’t use? Are you tired of cleaning and polishing the silver when it gets tarnished?

Back in the day, a sterling flatware set was a sign of wealth – think Royalty. From the 1950’s – 1970’s, silver was given as wedding gifts and anniversaries. Tables would be set with the finest silver for dinner parties and to mark special occasions. Today, it is less formal and not too many people use and appreciate a sterling flatware set.

Have you considered selling your silver? Sterling is 92.5% silver and will always have an intrinsic value of whatever silver is trading for. Currently, the spot price on silver is $16.76 per ounce. An ounce of sterling would be $16.76 x 92.5%. However, that is not the price you would receive as there are smelting fees, and the company purchasing the silver has to make money, so you would receive less (each company varies in payout). The silver would be weighed and you would be made an offer based on weight and silver price.

Are you wondering if your sterling silver flatware set is worth more than the price of silver? The answer is: rarely. The mass population does not use silver. Therefore, there are only a few top silver patterns that collector’s purchase. Sometimes even Tiffany & Co. gets smelted – imagine that! Check your local silver buyer to see if your pattern has a premium.

If you live in the Palm Beach County area, feel free to bring in your sterling silver flatware sets and other items for a free quote at the Lake Worth Gold Mine.

Lake Worth Gold Mine

8100 Lake Worth Road

Lake Worth, FL 33467

www.SellSilverLakeWorth.com

 

 

Cash for Gold. A scam or not?

With so many “Cash for Gold” stores popping up, many people are asking if it is a scam. Gold is trading at high prices right now, and the economy is still in recovery. You can create your own stimulus package by taking in old gold, broken, or outdated jewelry that is sitting in a drawer and turn it into cash. That is not a scam.

If you plan on selling gold, it is important that you sell to the right company. There are many online companies that require you to mail-in your gold and then wait for a payment by check.  Not your fastest option. You can also try a Pawn Shop. A Pawn is in the resale and loan business so chances are, this will not be your best offer.

Check out a local gold buyer and get a few quotes. Most likely this will be your best offer and you can receive your cash for gold payment immediately.

If you live in the Palm Beach County area and you are considering selling gold jewelry, then be sure to get a quote from the Lake Worth Gold Mine

.

cash for gold palm beach county

Lake Worth Gold Mine
8100 Lake Worth Road
Lake Worth, FL 33467
561-729-0094