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Saturday, May 18, 2013

10 tips on how to find cheap gold, silver coins, sterling silver jewelry, flatware & other items.

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How to find cheap gold, silver coins, sterling silver jewelry, candlesticks, vase, plates & more at garage sales / thrift stores.

How to find cheap silver coins, sterling silver jewelry, candlesticks, vases, plates & more at garage sales / thrift stores.c

Tips to finding treasures for resale


Today, I went out and did some treasure hunting in Pittsburgh, PA.  I found a TON of stuff and got some great head cam footage which will eventually be up on my youtube channel the Armed to Sell Network

Regent Square, an upscale neighborhood where I am staying had their annual neighbor hood garage sales.   Pittsburgh is one of the places I am researching on setting up one of my stores so I was very excited to see what I could find.  

 One thing I found a lot of today was silver.   I found a bunch of sterling silver jewelry, sterling silver salt & pepper shakers, 7 sterling silver candlesticks, some Mexican sterling silver forkssterling silver letter opener & 1 gold cuff link.

How to find cheap silver coins, sterling silver jewelry, candlesticks, vase, plates & more at garage sales / thrift stores.


Finding silver coins, sterling silver jewelry and other items at garage sales & thrift stores is not as hard as one would think.  There are many treasures out there just waiting to be found.  The number one piece of advice that I can give if you are new to hunting for silver, gold and other precious metals  or items for resale is to do your research.

Check out my free research website list to help educate yourself on what to look for as well as identification of the things you find.

How to find cheap silver tip #1 - Know what US coins are silver.





US dimes dated 1964 and older are 90% silver.
US quarters dated 1964 and older are 90% silver.
US half dollars dated 1969 - 1965 are 40% silver.
US half dollars dates 1964 and earlier are 90% silver.
US large dollar coins dated 1964 and earlier are 90% silver with some exceptions of later dates with 40% silver content.

How to find cheap silver tip #2 - Know what sterling silver looks & sounds like.


When it comes to sterling silver jewelry, flatware & dishes, it is important to know what sterling silver looks like as well as how it sounds.   

Sterling silver is an alloy of silver containing 92.5% silver & 7.5% other metals, usually copper.   

Sterling silver is usually stamped in some form, once again review my research website list for silver smith hallmarks & stamps.

It is a soft metal which can give you inside into whether or not is is silver or not.  Stamps usually look rounded like the metal is sloping in.  

Weighted sterling is very thin and prone to denting.  Silver plated items do not dent easily.

When you tap on something sterling silver such as salt and pepper shakers, it will sound dull and does not reverberate like brass or copper does.



How to find cheap silver tip #3 - Pick up everything that you think could be sterling silver.

This tip works for many different things, not just silver.   
If you think something is sterling silver, pick it up, pay attention to how it feels, note the weight and the sound when you put it back down.  Doing this will build a memory of the different metal types you are going to come across while looking for silver.   

How to find cheap silver tip #4 - Have a loupe to check hallmarks.



How to find cheap silver tip #5 - Do not assume the seller knows that they have.

Many times when I go to garage sales or thrift stores, I find sterling silver marked dirt cheap because the seller does not know it is sterling silver or they just don't care.   Refer back to tip #3, pick everything up and check to see if it is silver.   If you don't pick it up, you won't find it.

How to find cheap silver tip #6 - Thrift stores have sterling silver as well.

I have found many sterling silver candlesticks & vases at thrift stores.  Many employees who price goods at thrift stores don't have a clue what sterling silver is which means you can score some great cheap silver if you are lucky enough to come across it before someone else does.

How to find cheap silver tip #7 - Do not listen to,  " It is just costume jewelry".

I don't know how many times I have been told that everything in the box is just costume jewelry to find out that there are 14K gold & sterling in little baggies for $1.00 each.    Put forth the extra effort, look and you shall find.

How to find cheap silver tip #8 - Go often.


The more garage sales & thrift stores you go to, the better your chances to find cheap gold & silver, the better chances you will find it.


How to find cheap silver tip #9 - Dig through boxes.

Dig through everything, you never know what box is going to have 

How to find cheap silver tip #10 - Ask sellers directly if they have any gold or silver.

Asking a seller directly if they have any gold or silver may not be the cheapest way to get gold & silver but you will at least have the chance to get some.  When I am at garage sales, I always ask the sellers if they have any gold or silver they are interested in selling.  This requires you to know what the current spot prices are ( these again can be found in my research website list ).   Make them a fair offer and chances are you can score some below spot gold and silver.

How to find cheap silver final thought.

The cheap silver & gold is out there waiting to be found.  Usually, it takes hard work & perseverance, but sometimes all it takes is a little bit of luck.   Good luck at all of those garage sales & thrift stores, and remember, if you really want some gold or silver, you can always find some in the on Amazon.

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