How is antique sterling silver valued beyond its melt weight?
Melt value, weight times purity times the silver spot price, sets only the baseline. Appraisers then add or subtract premiums for maker, pattern, rarity, and condition, and for important makers or patterns the collectible premium can far exceed the metal content. Hallmarks and maker's marks are documented piece by piece.
Is silver plate worth the same as sterling in an appraisal?
No, and confusing them is the classic costly mistake. Plate marked EPNS, EP, or A1 carries only a thin silver coating and cannot be valued by weight at sterling prices. Appraisers also exclude steel knife blades and other non-silver components before computing any metal-based value.
Will my heirs owe Connecticut inheritance tax on the family silver?
No, Connecticut has no inheritance tax on beneficiaries. It does impose an estate-level tax on taxable estates above the state exemption, which counts personal property such as silver, so larger estates still need documented fair market values for the Connecticut filing.
Do auction hammer prices set the taxable value of antique silver in Connecticut?
No. CGS section 12-63 defines present true and actual value as fair market value, explicitly not the value at a forced or auction sale, and taxable personal property is then assessed at 70% of that figure. Auction results still matter as market evidence, but a single distressed hammer price does not control the valuation.