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Collectors of silver-plated flatware
have picky tastes
Nancy Gluck
AntiqueWeek (September 1991)
Determining the worth
of miscellaneous old silver-plated flatware is a question that perplexes the
general-line or occasional antique dealer. Individual pieces are seen at antique
shows at prices as high as $75 to $150. Other individual pieces can be found in
the junk box at the Goodwill store for a quarter each. As a specialist in
American silver-plated flatware, I have spent more than 10 years learning how to
evaluate flatware on the fly at shows, auctions and flea markets.
Suppose you are
standing at a flea market looking at a pile of silverplated flatware. There's a
lot of it, and the asking price is modest. Is it a good buy or not? It's a good
buy if you can sell it at a profit without too much effort and a terrible buy if
you are going to own it for the rest of your life.
Some of the guidelines
that you can use to establish a quick minimum value for sterling silver do not
apply to silver plate. The heavier piece, for example, does not necessarily have
a greater minimum value than a lighter piece. The minimum value of silver plate
depends, not on the scrap value of its materials, but on what someone will pay
for it. What someone will pay is determined by three factors:
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the supply of
and demand for the particular piece or pattern,
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the condition
of the flatware,
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the type of
buyer.
Supply and Demand
Production of
silverplated flatware began in Connecticut in 1847. Connecticut continued to be
a center of production, although considerable amounts were also produced in
Massachusetts and Rhode Island. Although some production continues today,
silverplated flatware was most popular between about 1870 and 1950. During this
period more than 2,000 patterns were introduced and a great variety of place and
serving pieces were designed. Doris Snell, in her book American Silverplated
Flatware Patterns, lists 200 collectible pieces of flatware, from A (almond
scoop) to W (waffle knife). In between you have such wonders as asparagus tongs,
crumb knives, and lettuce forks.
With such a variety of
patterns and pieces, a buyer or seller of silverplated flatware needs some
guidance to know what an individual piece may be worth. Many dealers turn to
Tere Hagan's Silverplated Flatware: An Identification and Value Guide.
Hagan rates each pattern on a five-point scale from "seldom
collectible" to "most extremely collectible" and gives a value
range for commonly found pieces. A teaspoon might be worth as little as $4 in
the King Edward pattern (National Silver, 1951) or as much as $15 in the Moselle
pattern (American Silver, 1906). A rarer piece in either pattern would be
higher. For example, sugar tongs would be $10 in King Edward and up to $95 in
Moselle. These are retail prices for pieces, in perfect condition with no
monograms.
The information is
helpful, but incomplete. Regional variations in demand exist Further, some
patterns have what is called a "thin" market, that is, so few pieces
are available to buy or sell that no reliable price levels can be established.
In general, the most salable patterns are those which there is both a steady
demand and reasonable supply.
Clearly then, to
evaluate flatware you need to identify its pattern and its use. Several helpful
references are listed at the end of this article. When you do find yourself at
the flea market without a reference book, here are some general guidelines you
can use:
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Check the mark.
Certain marks denote quality, including anything by Gorham or Towle, the
Oneida Community mark, and the 1847 Rogers Brothers mark by
International Silver. Many reputable companies also made lower-quality
plate with obscure marks like Vanity, Melody, Carlton. Avoid these
unless you are sure of a demand for the pattern.
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Check the age.
With a little experience handling flatware and studying reference books,
you can learn to identify the period by the style of the pattern design.
Collectors pay the most for patterns from the period between 1890 and
1910. Customers who are filling in inherited sets seem currently to be
most interested in patterns from the 1930s through 50s.
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Is it fancy?
Collectors like ornate patterns with lots of detail.
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Look for the
less common pieces. Even in an uninteresting pattern, you will find
demand for sets of ice cream forks or for the unusual like poultry
shears, sugar sifters or long-handle pickle forks.
Condition Counts
Silverplated flatware
is fragile, much-more fragile than sterling. Each piece is made up to two
elements: the pure silver plating on top and the non-silver blank underneath.
The pure silver which makes up the plate is much softer than sterling - the
copper which is added to sterling makes it into a tougher alloy - so the surface
of silverplate is more easily rubbed, scratched, or pitted. Damage to the plate
is expensive to repair. Currently in Connecticut, I am paying up to $7 to
replate a teaspoon. With a retail price range for teaspoons of $4 to $15, this
is seldom profitable.
Damage to the blank -
the base metal knife, fork, or spoon under the plate - is almost impossible to
repair. Pieces with deep scratches, dented knife handles, worn down spoon edges,
shortened or uneven tines cannot be sold at any price.
Tarnish is not damage.
Tarnish may actually be protecting the surface, and you may come to admire the
even, almost oily tarnish which may conceal a perfect surface underneath. Be
suspicious, however, of an uneven tarnish. Spots or patches may reflect worn
plate underneath. Flecks may be pits, that is, erosion through the plate and
into the underlying blank. Use your fingertips to check surfaces and reject any
which are rough.
Types of Buyers
Your flatware buyer may
be a collector, but it is possible your buyer is a retail customer buying a set
to use or supplementing an existing set. Your buyer may also be another dealer
or wholesaler. - Generally collectors pay the highest prices, but they are
picky. They want the unusual and they want the perfect. Some collectors collect
by period. Currently, for example, I have customers looking for flatware in
patterns from the aesthetic period of "Japanese taste," about
1875-1880. Other collectors like a pattern because of the range of interesting
pieces that it offers. The Vintage pattern (1847 Rogers Bros., 1904) remains
popular because it gives collectors the opportunity to look for the many
interesting serving pieces made in it. Still other collectors like a design idea
or theme. I have met grape collectors, strange serving piece collectors (the
serving piece s were strange, not the collectors), and self-described "bowl
freaks." Items sought by collectors can command high prices at antique
shows, individual shops and malls. |
| Retail flatware
matching services are offered by some large, nationally advertised companies.
Some dealers find it worth while to wholesale to these outlets. In addition, a
number of small flatware matching services sell to both retail customers and
other dealers by mail. These flatware matching services are another possible
market for the general-line dealer who has flatware to sell.
A Practical Decision
Let's go back to the
flea market where you have been considering the pile of flatware. A quick count
reveals 50 pieces, and the asking price is $25. At 50 cents each, how can you
lose? Before you start to dicker, look again. Reject three knives with dented
handles, seven forks with scratched or worn down tines, a dozen teaspoons with
heel wear, and a gravy ladle with a pit. The remaining 27 pieces are in fine to
excellent condition. Reject the five pieces marked "Madrid," an
obscure mark. That leaves 22 pieces.
You are now ready to
look at the value of what you may be buying. Of the 22 pieces, six are bouillons
in the same pattern. The pattern is unfamiliar but they seem to be from the
1920s and are marked Oneida Community. As a set they would retail for about $4
each and wholesale for about $2 each. Four forks are in the desirable Charter
Oak pattern. They will retail for $8 or more each and wholesale for about $5.
Ten miscellaneous teaspoons would retail for about $3 each or wholesale for
about $1 That leaves you with two serving pieces: a sugar shell and a pastry
server. Both are unknown patterns, but the sugar shell has a very fancy bowl
with a flower in it, while the pastry server is clearly a pre-1890 design with
an engraved blade. Since it is ornate, the sugar will retail for at least $6
(more if a collectible pattern), while a pastry server from this period retails
for $20 or more, again depending on the particular pattern. Wholesale would be
about half that.
Although we have
recognized only one pattern, we have used our knowledge of flatware to establish
a wholesale value for the pile of about $55 and a retail value about $112.
Is this flatware a good
buy at $25? How much you will make depends on what you think your time is worth.
To realize full retail value will require polishing, taking the flatware to
shows and contacting customers by mail or telephone. Even so, the teaspoons and
the bouillons move slowly. As a worst case, assume you can wholesale the Charter
Oak forks and at least one of the serving pieces almost immediately. Since this
would return your investment, your only risk then will be how much time and
effort it will require to make a profit.
Recommended
References
Silverplated
Flatware: An Identification Guide
by Tere Hagan, Fourth Edition, 1990. Large format paperback with clear line
drawings of the patterns and very good indexes. Available from Collector
Books, P.O. Box 3009, Paducah, KY 42002-3009. $14.95 plus $2 postage and
handling.
Silver-Plated
Flatware Patterns by Fredna
Davis and Kenneth Deibel, Second Edition, 1981. Hardbound book with line
drawings of the patterns and reproductions of interesting documentary
materials. Available from Bluebonnet Press, Exchange Park, Dallas, TX 75233.
$35 plus $1.75 postage and handling.
American Silverplate
by Dorothy T. and H. Ivan Rainwater. Hardbound history of silver plate with
color illustrations, linecuts, black and white photographs. Available from
Schiffer Publishing Ltd., 1469 Morstein Rd., West Chester, PA 19380. $37.50
plus shipping.
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