I have silver tableware with the following markings: .925 fine silver | 5 troy ounces | id # 060061 | silver town. What do these mean? And what is the value of my items? – From Sue in Newark, New Jersey
It is better to have too many markings on your silverware than no markings! Your markings can give us a good indication of the value of your silver. I’ll try and break it down.
.925 fine silver means that your items are 92.5% silver.
5 troy ounces is the weight. Troy ounces are different than your standard ounce that you can find on a postal scale. Average ounces or standard ounces are called avoirdupois ounces.
The formula to change standard ounces to troy ounces is as follows:
Standard Ounce Weight x .912 = Troy Ounce Weight
16 standards ounces x .912 = 14.59 troy ounces
ID # is the number given to the items by the manufacturer. I am assuming that silver town is the manufacturer, although I cannot find a record of the company. This information might be important if you were trying to sell these items for their retail or collection value instead of their melt value.
We can offer 75% of your tableware’s fine silver content by weight. However, keep in mind that many times the knife blades are stainless steel as silver is too soft to create a reasonable cutting device, obviously this decreases their melt value as steel is not a precious metal. On heavy items like tableware and silverware, we recommend using the US Post Office’s flat rate, priority mail boxes because you can fit a lot of material without worrying about the weight. For more information about refining silverware, visit our website. Hope this information helps!