A Guide to Making Money by Investing in Gold-Plated Flatware
It’s been a long while since we wrote an advisory about investing in gold-plated tableware. So . . . why should we write about it again? The simple reason is that the price of gold is high now. . . and that means this is a good time to think again about investing in gold-plated knives, forks, and spoons.
The Extra Value of a Luxury Item
When it comes to the world of tableware, discerning collectors and savvy investors recognize that not all utensils are created equal. Sterling silver and silver-plated pieces dominate the landscape, but there exists a rare and intriguing category: gold-plated flatware.
Understanding Gold-Plated Flatware
Gold-plated flatware is the epitome of elegance. Crafted from silver, it undergoes a transformation, receiving a delicate layer of gold—typically 14k—to elevate its aesthetic appeal. The result? A fusion of opulence and functionality fit for the most upscale users. In years past, you could find this kind of -ultra-luxurious flatware on the tables of some of the wealthiest families.
Gauging the Gold Content
How much gold does it truly contain? The answer hinges on age. Vintage gold-plated sets, crafted half a century ago or more, harbor a richer gold content than their modern counterparts. Imagine stumbling upon a 1950s ensemble of 40 or 50 pieces—each potentially harboring over $500 worth of recyclable gold. A hidden fortune awaits those with a keen eye.
The Price Tag Mystery
Prepare for astonishment. Some gold-plated tableware fetches staggering sums—think $10,000, $15,000, or beyond. But why? It’s not solely about the gold content. Prestige plays a pivotal role. If your find bears the mark of a renowned maker, its value transcends mere metal. Collectors covet these pieces, elevating their value.
The Authenticity Problem
In the last few decades, so-called gold tableware has been made of silver or stainless steel that is lightly plated with a gold-toned covering that doesn’t contain gold at all. To find the real deal, you need to search in antique stores and estate sales. Trust your eyes and your instincts. If you find an older set of tableware that is gold-toned, it could be the real thing.
Snap some pictures of the flatware you have found, including close-ups of any stamps that appear on it. Then call our precious metal refiners so we can discuss what you have and what it might be worth. Call 800-426-2344 or email our consultants at sales@specialtymetals.com
What About Gold-Embossed Glassware?
Yes, in years past some elegant glass plates, wine glasses and tumblers were embossed with a thin patina of gold. If you acquire some of this rare glassware, give us a call too. Although in most cases, these items do not contain enough gold to be worthwhile investments.