The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Trudie on July 20, 2015, 03:05:17 PM

Title: Selling the silver
Post by: Trudie on July 20, 2015, 03:05:17 PM
My husband brought home a set of real silver from cleaning out his mother's house.  I will never use it.  I'm wondering if there's any value in selling it?

It seems to me there was a story or link somewhere here a long time ago about a place you could sell precious metals.  Anyone have the link?
Title: Re: Selling the silver
Post by: Zamboni on July 20, 2015, 03:07:22 PM
Depends upon if it is solid or silver plate. You'd have to take it to someone in your area who deals in similar sets and see what they think.  Good luck!
Title: Re: Selling the silver
Post by: Mirwen on July 20, 2015, 03:30:13 PM
http://www.mrmoneymustache.com/2012/08/22/how_to_sell_silver/
Title: Re: Selling the silver
Post by: Basenji on July 20, 2015, 03:54:23 PM
(http://www.kitco.com/LFgif/ag00-pres.gif)

Looks like silver is down since that MMM post. Why not use the silver for a while and see where prices go? I use my grams silver everyday, love it, but I'm keeping an eye on silver now.
Title: Re: Selling the silver
Post by: seattlecyclone on July 20, 2015, 04:20:26 PM
The Midwest Refineries place MMM recommended seems like a fine option if you're just looking to recoup the melt value of your set. If the silverware is in good shape you may be able to do better on eBay, since finished goods are often worth more than base metals.
Title: Re: Selling the silver
Post by: Trudie on July 22, 2015, 07:08:57 AM
Thanks everyone.  Now I'll start the work of getting my husband to sentimentally part with it.

@SeattleCyclone - Are you the ISU grad?  I'm not a grad, but my family has lots of ties to ISU.  We're huge ISU fans (mostly basketball).  Also, we're seriously considering retiring to Ames.