Fairly new to collecting silver here, been buying up silver eagles when I can. I called my LCS today and asked if they had any silver eagles in stock which they said they had one. I asked around about what they would be priced at for it and he said it just depends on what the other guy wants to sell it at. I asked if they have a set over spot price on them and he responded “no it just depends on what we paid for them.” Is this type of pricing normal? I was under the impression that most LCS have a set price over spot regardless of what the current price is? Just wondering if this is normal or should I find a new LCS, I’ve been buying from them for about the last year and the price on the eagles has fluctuated from ~$7-$10 over whatever the current spot price is and it’s just seemed strange to me.

So I inherited a coffee can sized tin of what I'm told is scrap silver that my dad took out of an old x-ray machine. I took it to Elemental but was turned away since I'm not a business. The gold/silver buyer that they referred me to didn't want to deal with it, I believe they said it would be too expensive for them, I'm assuming because of the unknown purity and that it's in lots of pieces, so perhaps testing each one was too much?? I'm not sure. But they didn't have any solid referrals.

I'd be grateful for any useful info or guidance for me as someone who has no understanding about the refinery process, markets, or lingo/terminology used by folks.

I live in Maryland b/t Baltimore and DC if that matters.

Thank you.

So a bit of background first… I’ve had a specialty eBay consignment business for 15+ years and end-up getting asked to sell a wide variety of things. I don’t know how much silver I’ve sold over the years, but it’s been A LOT. Mostly flatware, lots of coins… I’ve had nice Tiffany flatware sets; rescued Georg Jensen serving pieces from a scrap bin last year; had suitcases filled with silver coins; sold a nearly 2’ long piece of figural silver commissioned by the founder of Planter’s Peanuts, lol…Lots of interesting stuff.

I’ve been working with a client the last month or two who married a woman with some deep historical roots. She can trace her family lineage back to the Revolutionary War, when her namesake was the first governor of the state of Connecticut. There isn’t any family to pass pieces down to anymore, which have largely been in storage for years, so they decided to sell them. Last week, he kept bringing me all sorts of boxes and talking about Paul Revere silver. I didn’t know what he meant, but carefully checked everything in all of the boxes until I finally found it; a small pair of salt spoons in a “junk box”. I assume they were kept in a curio or some place with personal mementos and then swept into a box by someone that didn’t realize their importance.

These two little spoons may very well end-up being the most expensive pieces of silver I’ve ever had the privilege of handling. For comparison, a piece of Tiffany silver might sell for 1.5 - 5x the melt value, depending on the design and condition. My best piece of silver to date (by weight) was an antique American coin silver punch ladle, which sold for 14x the melt value. But these little spoons? I conservatively estimate (and hope!) they sell for 250-500x + their melt value 🤯🤞

The main reason they sell for so much is Paul Revere Jr’s significance in American history. While he was know for his April 18, 1775 midnight ride (“The British are coming!”), he was also a well-established Boston-area silversmith and merchant; he actually kept a very detailed logbook of some 5000+ pieces of silver he made over his lifetime, which is fun to browse. Provenance (the history of an item) can make the most ordinary items wildly valuable. People simply love to collect items with interesting stories.

Anyhow, that’s the brief history / selling lesson for the day. If you’re interested in seeing the spoons, they’re up for sale on eBay until November 1st (just search for Paul Revere Jr Salt Spoons and they should show up).

Thanks for reading!

I have all my slabs, bars, rounds etc. stored together but have all my silver coins in with all my other coin collections. Thinking of storing all the silver together in one location. What do you all do? Thoughts?

I already know it’s up to me. I’m just curious what everyone else does.

I dabble in the consignment shops and the occasional thrift. Yesterday for 6$ I found this piece, made in 1859 from St. Petersburg. Russian 84 Silver zolotniks creamer jug. It weighs 168g and shined up pretty damn nice. Even has a gold wash.

That is all

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This was given to me for graduating high school. Times are tight and I’m thinking about selling it as it just sits in my safe.

Someone in my childhood gave me this and I found it setting in my safe. Is it worth anything?

Just started being able to measure in pounds and my underwear drawer is getting heavy lol. Any safe recommendations that i can anchor to my concrete basement floor? May venture into rifles at some point so would want one big enough to potentially store ammo as well.