Message:

<p>[QUOTE=&quot;Slider, post: 1895355, member: 44205&quot;]Speaking of flatware, I had a friend come across a complete set of silver flatware at an inlaw&#039;s house they were cleaning out and he asked me what it might be worth.&nbsp; My first response was simply the melt price of the silver, but then I happened to ask my coin dealer what he&#039;d pay for it.&nbsp; </p><p><br /></p><p>I was surprised to hear that he wouldn&#039;t buy it at all.&nbsp; It was stamped sterling and he knew it was legit, but his primary reason for not buying it was that: </p><p><br /></p><p>1. He couldn&#039;t resell it as flatware because nobody wants to polish their flatware anymore.</p><p><br /></p><p>2. He claimed he was obligated to hold it for 7 days (I&#039;m in Michigan - I don&#039;t know what the holding laws may or may not be though), unlike coin that he could turn around and sell right away. </p><p><br /></p><p>3. The refiner that he works with only accepts large shipments...ie, 1000 ounces or more.&nbsp; Given the fact that he&#039;d probably have to hold it until he had enough silver weight to send to the refiner, combined with the instability in spot prices, he said it simply wasn&#039;t worth his time.&nbsp; He suggested that it get taken to Liberty Coin down in Lansing (many of you are probably familiar with them) and if one could get 60% of the spot price of silver, they should jump on the offer.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in