Old silver cutlery in the drawer can bring in cash
The rising prices of silver have led to increased sales of old silverware, despite a decrease in interested collectors.
Recent years have seen a surge in silver prices, which, despite a recent decline, remain high, leading to a significant increase in the sales of old silverware such as cutlery, trays, and candlesticks. This situation is reflected in the auction values for these items, demonstrating a growing market for vintage silver, even as new collectors become increasingly rare.
Experts note that while the antique value of silver pieces from the 18th and 19th centuries is often overshadowed by their scrap value, the high demand for heavier items continues to keep them in favor among sellers. Auctioneer Andreas Siesing highlights that in some cases, the scrap value may meet or even exceed the historically collectible value of these antiques, prompting sellers to move more of their inventory.
Household silver, which was once reserved for special occasions, is now being reconsidered as a viable way to cash in, especially as many people find themselves looking at their neglected silverware lying unused in cabinets and drawers. The current market conditions have shifted perceptions, making these items not only nostalgic but also attractive from a financial perspective, signaling a potential trend for those interested in offloading their treasured but underutilized possessions.