Sterling Markings
gdavis70
Posts: 256 ✭✭✭
Can anyone decipher this? Is there a guide for these markings.
0
Comments
Some useful sources I use all the time:
http://www.silvermakersmarks.co.uk/index.htm
http://www.silvercollection.it/
http://www.925-1000.com/
Hope that helps!
Ben
Very nice, Thanks for the information both of you... I will certainly bookmark those sites.
If a pot like this weighs say... 5lbs 2 oz... how would a refiner or dealer estimate the payout for this item?
I figured maybe an ounce for the handle... the rest is pure right? so something like 5.1 ounces * .925 for the silver weight.
If that's the case, you would have 5.125 lbs. avoirdupois, which translates out to 2321 grams. Assuming a purity of .925, you would have 2147 grams, or 69 troy ounces in actual silver content.
I have never sent any silver for refining, but it seems that scrap sterling will assay at around .900, and some is lost in the process. Refiners, like Midwest will charge 10%. If my math is correct, in the end you'll get around 80% of the weight multiplied by spot price. (80% accounts for fees, .925 purity, and loss). At $46.68/oz, I would estimate that you will get $2,784 from a refiner who pays 90%.
Here's my work:
74.63 oz Raw Weight
X 0.96 to account for loss during refining
= 71.64 oz
X 0.925 sterling content
= 66.27 oz
X 0.90 refiner's fees
= 59.64 oz payable
X$46.68 per oz
= $2,784.20
This is only my estimate and numbers will vary, especially depending on the silver makers. If other members check my work and see it's wrong, please do correct me!
Ben
Edit to add SOURCE for my numbers.
Edit again, I made a minor error in my calculation above and accidentally accounted for .925 twice. Fixed, I think.
Thanks for the run down on the numbers... I will digest this
Also, I just want to point out that my numbers did not account for the handle, so you'll have to knock some off of my number.
Could you post a picture of the whole item?
Ben