Unlocking Hidden Value in Old Coins and Silverware

Many people have old coins or silverware sets tucked away, assuming they’re worth little or saving them “just in case.” But when you know how to evaluate them properly, you might discover they hold much more value than you think.

Here’s how to understand what you really own — and how to get a fair price when you’re ready to sell.

Understanding Silverware Valuation

Most people think an old pattern must be valuable, but weight and purity drive nearly all of the real value.

Sterling vs. Plated

Sterling silver is 92.5% pure. Look for markings like “925,” “Sterling,” or classic hallmarks. By contrast, silver-plated items (marked “EPNS,” “IS,” or “silver plate”) have very little actual silver content and generally aren’t purchased for melt value.

Brand and Pattern Influence

Brands like Tiffany, Gorham, Wallace, or Reed & Barton can add value, especially if the pattern is collectible or discontinued. In some cases, a well-known brand means a buyer might pay more than just melt value to resell it as estate silver.

Condition

Bent or tarnished flatware still holds melt value. However, a complete set in good condition may attract higher offers if a buyer sees resale potential, not just scrap value.

Analyzing the Value of Silver Coins

Coins often carry both melt value and collector value — and understanding that difference is what protects you from selling them too cheaply.

Melt Value

U.S. coins minted before 1965 generally contain 90% silver. These “junk silver” coins are valued by weight and sold based on the day’s market price for silver.

Collector Value

Some coins go far beyond melt value. A worn 1964 quarter is usually worth only its silver content. But a rare date, mint mark, or coin in good condition can bring in far more. Certain Morgan silver dollars or low-mintage coins can be worth hundreds, even thousands.

Condition Matters

Unlike flatware, where weight rules, coins rely heavily on condition. Scratches, wear, or improper cleaning can reduce collector value dramatically. Many coins lose value if polished — often a dull, untouched coin is worth more than one that’s been shined up.

Current Market Trends: Which Pays More?

It depends on what you have.

A complete sterling silverware set usually outpaces common silver coins for melt value alone — simply because of weight. But a single rare coin in great shape can be worth far more than an entire tray of old flatware. That’s why knowing what you have is key.

Common Selling Mistakes to Avoid

• Don’t lump sterling and plated flatware together — keep them separate so you get paid correctly.

• Never clean or polish coins before they’re appraised.

• Avoid shipping valuables to mail-in kits without a clear, reputable buyer.

• Get multiple quotes to compare.

Why a Proper Appraisal Matters

If you suspect your coins or silverware might be rare, unusual, or antique, always get an appraisal first. A professional buyer or appraiser will test, weigh, and explain what you really have, so you don’t miss hidden value.

Know Your Worth

Unlocking hidden value in old silverware or coins starts with knowing exactly what you own — not guessing. Sterling silver is straightforward: weight and purity. Coins take more research, but that extra step can mean the difference between scrap value and collector value.

At American Gold & Diamond Buyers, we buy both coins and silverware — and we test, weigh, and explain every offer clearly, so you feel confident about what you’re selling and what you’re getting in return.