Sterling silverware may be worth as much as $5-$30+ per item, depending on the weight, condition, and purity. Most of the time when you sell sterling silver flatware, it will be sold to a refiner and melted down into pure silver.

Your sterling silverware is worth its weight x purity (92.5%) x spot price of silver. A buyer will take a cut of at least 20% of that price. As of Oct. 8, 2024, the silver resale value in the United States was at $ 31.88 per ounce, or $ 1.12 per gram.