Wondering why your silverplate is low in value? If you’re interested in the reason behind the value of silver-plated items, then keep reading to learn more about it and why silver plating is still a great option for your items.
What Is Electroplated Silver?
Electroplated silver is a type of metal that is made of base metals such as steel, aluminum, copper, and tin. These base metals are then covered in a thin coating of silver through a process called silver plating. This is done with numerous metals to achieve the look of sterling silver without incurring as much cost, as well as for improving electrical and thermal conductivity.
Silverplate vs. Sterling Silver
The difference between electroplated silver and silver lies in their melting value.
Silver is a valuable metal that has intrinsic value, such as in the production of electric circuits and electronics. Silver is also used as an element in numerous monetary currencies, making its intrinsic value last in the long term. This is the reason why sterling silver can be melted down and sold in high value, depending on which market you sell it to.
Silver plated items, on the other hand, do not have any intrinsic value. Therefore, silverplates are only bought in values that buyers are willing to pay for.
Furthermore, electroplated silver is used and bought more in other market niches such as the antique market. This means that your metal with silver plating should be rare, in a good condition, and has decorative value to be sold at better prices.
Selling Silverplates
Even if they are not priced as high as sterling silver, metals can be improved in value using silver plating.
If you have any flatware or houseware that you think would be worth selling, then silver plating them would be a good idea to improve their condition and increase their price.
Collectors like to buy items that have elaborate designs, unique artistry, and older age. These items should get silver plating from trusted manufacturers since hallmarks and brands are also key to a silverplate’s value.
Remember these things and you will surely get something out of your electroplated silver.
