How
Much is this Spoon Worth?
Tough
question. Of course it depends on what the spoon is and what condition
it is in, but it also depends on a number of variables in the
marketplace that are difficult, if not impossible, to predict.
Commonplace spoons
such as the plated presidential series by Wm. Rogers or the sterling
"eagle" state series by Manchester are not the subject of this
article. These spoons are so ubiquitous that even at $5 apiece they might not sell.
The large number of
very nice spoons showing state capitols or other common landmarks, such
as the Library of Congress or the Garden of the Gods, also are not the
topic here. These are
plentiful enough that most buyers realize that if they don't like the
price quoted for any particular one of these, it won't be very long
before they will find another one, probably at a lower price.
This simple fact tends to drive the price for
such spoons to a fairly stable figure in the $15 to $40 range.
Old sterling souvenir spoons with some special quality to
them (scarcity, enamel, unique engraving, etc.) are the spoons that are difficult to assign prices to. Consider
the Hawaii spoon shown above. It was made of sterling silver around
1900 by George C. Shreve of San Francisco and it has a Hawaiian coin as its bowl.
How much is it worth? Well, the honest answer
is, whatever someone is willing to pay for it.
But different sellers determine asking prices
in different ways. A collector might set a price based on his perception
of the artistic value of the spoon. An antique shop might base its price
on the amount he paid when he bought it. A flea market vendor might set different prices as
the day wears on.
Something all sellers have in common, though,
is that the number of antique souvenir spoons bought and sold each year
is very small by almost any standard. The souvenir spoon marketplace is
not a robust one with constant buying and selling by thousands of
people. There's just no similarity at all with marketplaces for baseball
cards, postcards, coins or stamps, for example, where there are
thousands of sellers and buyers.
Serious spoon collectors number in the
hundreds, not thousands. This means that the results of any one
transaction can be very misleading if used as an indicator for the
future. It is essential to understand this point, so let me provide some
examples.
The Honolulu spoon illustrated above is highly
prized by many collectors (and frequently, heirs of collectors) and it
might be that only one such spoon appears on the market in any given
year. Depending on the market in which it was offered (eBay might
attract bidders who are not spoon collectors but to whom a Hawaii spoon
has special significance, for example), this spoon might sell for as
much as $1000. On the other hand, if the spoon were offered in a shop by
someone who found it in the bottom of a silver chest, mixed in with
ordinary place settings, it might be offered for as little as $50. In neither case
would it make sense to ascribe that value to the spoon as an indicator
of future sales.
Here's
another case in point. This spoon, with its terrapin bowl, was cast in
sterling by Gorham prior to 1892. It is probable that most visitors to
this web site have never seen this spoon first hand.
How much is it worth? Well, it has not been
offered on eBay or in a mail auction or for direct sale on the web
recently (I've been looking) so there's no hint there.
Does the fact that it is very heavy mean that
it should be priced dearly? No. The value of the silver in this spoon is
less than $10.
Would the similarity of its theme (sea shells,
etc.) to other spoons sold more frequently suggest that its price should
be pegged to them? Not really; it might define a "ballpark"
for you, to within a couple of hundred dollars, but it wouldn't tell you
what this spoon would bring in the marketplace today.
A collector with similar spoons might want this
one, or someone who collects turtle objects might want it (even though
they've never bought a spoon before), or a collector of interesting
Gorham serving pieces (but not souvenir spoons) might want it. Each
person might have a significantly different notion of what he should pay
for it.
And what if this exact same spoon had sold
recently on eBay last week for $500? That's probably not very
meaningful, either, because you don't really know the circumstances of
the sale. Was the spoon in perfect condition as this one is? Did the
buyer "fall in love" with it and decide that he had to have
it, no matter the cost? Is there another such buyer out there and can
you find him? Did the sale conclude while eBay was having technical
problems, excluding some potential bidders?
You just don't know.
So the answer to the questions, "What is
this spoon worth?" is in two parts for a prospective seller and a
prospective buyer.
If you are a seller, any spoon is worth
whatever dollar amount would make you want to part with it, because you
have a better use for the dollars than the spoon.
If you are a buyer, any spoon is worth whatever
dollar amount you're willing to sacrifice to add the spoon to your
collection.
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Selling
Spoons on the Internet
I
don't know everything, especially
about selling silver items via the Internet.
But
to
help spoon collectors use this new selling medium,
I
assembled a group of Internet spoon buyers who might shed
some light on the subject for us.
Let me introduce
the panel. They're using their Internet names*.
iBuyNbuyNbuy
SueTsniper
clicknbuy
ag2au.
Q: Good morning,
panel. I want to sell a spoon on eBay; what's the most
important thing for me to do?
A: Describe the
spoon completely and accurately. Tell us what length it is, what metal content it has,
what condition it is in and who made it. We won't even
consider bidding without this information.
Q: Alright, I've
described my spoon meticulously, now what?
A: Display it
well. Use a plain background for your image. Nothing is more
infuriating than wasting 2 minutes watching a lace table
cloth download, only to barely see an out-of-focus tiny
shape. (Chorus: I skip these kinds of ads after about 10
seconds of tablecloth.)
Q: You mean
there's a trick to imaging?
A: Not really,
just use common sense. We want to see the goods, not your
kitchen wallpaper. We want to see the spoon quickly, because
we're reviewing lots of spoons. Whatever software you're
using with your camera or scanner, it will let you
"crop" the picture which you should do as tightly
as possible. Then compress it to as small a file as you can.
Q: I found the
prettiest "wallpaper" with little cherubs and
kitties. I know that I can use this as a background for all
my advertisements. Customers will then recognize my ads. What
do you think?
A: Don't do
it!
It will work against you. We want to see the spoon and will
move on to someone else's rather than wait for your fancy
background to download.
Q: And I've got
this really neat music...
A: (interrupting
in chorus) NO, NO, don't! If we wanted music, we'd slip our
favorite CD's in our computers and listen to something we like. Remember, you're trying to sell a spoon, not play with
your computer, and we're trying to buy spoons, not play with our
computers.
And forget all those cute little animations, too.
They just annoy us to the point that we might click away your ad rather than
considering bidding on your spoon.
If you need an
outlet for your creative juices, put up a personal web page
instead of needlessly complicating your eBay ads!
Q: OK, so I
imaged it twice to get a good picture, listed all the
pertinent facts, used your boring plain background. Now what?
A: Tell us, your
prospective buyers, why we might want the spoon. Give us some
information about the topic. For example, if it is a Civil
War battle spoon, say who the opposing generals were. A hotel
spoon? Say when it burned down, how people got there in 1895,
etc. A college spoon? Say what building is shown, when it was
built, if it is still being used. Remember, we cannot
possibly read all the ads on eBay, so we search for specific
key words. You want us to find your ad.
Q: Good. Someone bid. Now
what?
A: Support your auction.
Expect to get questions and answer them quickly. We probably
found your spoon by searching on a topic, not the phrase
"souvenir spoon." We might not know anything about
spoons and might have questions such as "when was it
made" or "how many of these are there out
there?" or "how did they make that picture in the
bowl?" Respond right away, being as honest as possible.
If you don't know, say so.
Q: I finally sold a spoon.
What do I do now?
A: Send a bill via email
right away, specifying shipping charges and giving your
mailing address. We buyers really appreciate getting a bill
within minutes after the closing of an auction; our adrenalin
might still be pumping from the excitement of bidding, and we
want "closure". Besides that, the sooner you send
me a bill, the sooner I'll send you a check.
Q: Wow! I got a
check in the mail.
A: Package the
spoon well. You're proud of it or you would not have offered
it for sale. Protect it well and also send me a message. Wrap
it in clean, new tissue, then foam or bubble-wrap, then put
it in a sturdy box. If you really believe that a padded
envelope works well, put your favorite spoon in one, staple
it shut, then step on it. See?
Q: Well, this
certainly has been interesting, but I think you folks are the
lunatic fringe. It can't be as complicated as all that,
selling on the Internet. Where did you guys and gals come
from?
A:
[iBuyNbuyNbuy]: I'm a compulsive buyer; I grab everything
that interests me.
[SueTSniper]:
I'm a spoon collector, but I only buy at the best possible
price.
[clickNbuy]: I
just "do my thing".
[ag2au]: I'm a dealer,
looking for good stuff and willing to pay for it.
I haven't
addressed the mechanics of listing your spoon; there simply
are too many variables involved that are specific to your
particular setup. Your ISP (Internet Service Provider) is a
good source of advice on exactly how to upload your images,
advertising copy and boilerplate. Also, the various auction
services (eBay really is where all the customers are) have
very helpful step by step instructions on how to put up an
advertisement. If you need help at this level, contact your
niece or nephew.
*The
names are fictional and were not being used on eBay at the time this article
was written.
(An earlier version of this item was first
published in the Cauldron, the quarterly newsletter of the
Northeastern Spoon Collectors Guild)
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Buying
Spoons on the Internet
Imagine a
spoon auction that presents scores of spoons every day,
mostly accompanied by descriptions and full-color pictures,
some with enlargements of details (engraved bowls, for
example) and interesting information about the theme of the
spoon.
Imagine
bidding at any time, day or night, never receiving a busy
signal or paying long-distance charges, and checking the
status of your bids at will.
Dream
of Gorham round-bowls (Bar Harbor, shown at right was purchased on eBay), FF Indians, uniquely engraved bowls,
American enamel bowls, Blacks, skylines, etc. all being
presented continuously, day after day. Dare to think that
sometimes you find bargains that go unnoticed by others.
Utopia?
Maybe, but Ebay Internet auctions come a lot closer to this
vision than any other source of spoons.
With
an $800 computer and the software that comes with it, you can
cause a cornucopia of spoons to flow endlessly onto your
desktop. You can see pictures and descriptions that are usually full-color
and frequently show the spoon front and back, with enlargements of important
detail. There is sometimes a bewildering volume and variety of goods,
though, so here's a few tips on "cyberspooning".
Foremost,
make sure you know what you're bidding on. If you're used to
mail auctioneers who generally speak in your vocabulary, are
at about the same knowledge level as you are with respect to
manufacturers, metals, spoon condition, etc., and have a very
real stake in honest representation of their goods, then eBay
presents some real hazards.
Spoon sellers on Ebay frequently
know postcards or fishing lures, but not spoons. They might
fail to mention the manufacturer or length of a spoon, or
assess its condition far differently than you would.
Get
answers to your questions by email, or move on to the next
item. Remember that pictures sometimes do lie; a 3"
plated spoon can appear to be 6" long and sterling on
your computer screen, and wear almost never shows up, even on
badly worn spoons that the seller is trying to illustrate
honestly.
Be especially careful of any enamel items. Some
sellers never even look at the spoon closely enough to see
major damage unless you ask them to look at it very closely, with a
magnifying glass. Some sellers don't know how to recognize damage so you
might have to give them some hints.
eBay
sellers often misuse spoon collecting terms when describing
their goods. Words such as "figural",
"skyline", "full-figure", and
"old" that have very specific meanings to folks who
have been spoon collectors for 10 years or more are used with
abandon on the Internet and can mean almost anything.
"Rare" frequently seems to mean "I've never
seen this spoon before in my 20 years of collecting cow
bells," or something similar.
Subjects often will be
misidentified (Washington Monument instead of Bunker Hill,
Ben Franklin instead of Wm. Penn., etc.) so you, the
prospective buyer, have to take care to ensure that the spoon
is one that you really want. Very few sellers are actually
trying to trick you; most of them simply are uninitiated to
the spoon collecting world. Use email and get answers or
don't bid.
Secondly,
use the search capabilities on eBay. If you want Gorham
spoons, execute a search for "Gorham Spoon". But
remember that not everyone identifies spoons completely in
the title, so you might have to scan a bigger list than you
want, just to make sure you don't miss anything. Search on
the text as well as the titles; it doesn't take any longer
and eBay's relational database does a super job of indexing
every word in every ad.
Save search commands that work well
for you as bookmarks (Netscape) or favorites (Internet
Explorer) so that you can reuse them easily.
Thirdly,
plan your bidding strategy before you bid. Some folks can't
resist the adrenaline rush of "sniping" (bidding in
the last 15 seconds of the auction) but this is risky. If eBay has problems, or the Internet is slow, or you mistype
your password (I've done it myself!), you'll lose your chance
to bid altogether.
Another approach is to decide what the
highest amount is that you'd be willing to spend for the
spoon, then bid that amount well before the auction closes.
Ebay will hide your maximum, but remember it, and bid for you
as necessary against other bidders, up to your maximum.
Lastly,
read the fine print. Add the shipping charges to your bid
price to determine your true cost for a spoon, for example,
and consider any special terms such as "money orders
only". Be very wary of any seller who doesn't offer a full money-back
guarantee.
If an ad says that buyer will pay
"S & H", you should email and get the charges
before bidding. I've seen sellers who charge $7 to mail a 3/4
ounce, $19 spoon. That's pretty expensive
"handling". I've also had dealers explain to me at
shows and shops that on eBay they can make money on shipping,
"throwing the spoon into a padded bag, mailing it for 77
cents, and charging the customer $4 or more." Really,
I'm not making that up.
I
remember a brash young man at a national spoon collectors
convention about 10 years ago predicting that soon we'd be
trading spoons by computer. Well, his hair has a bit of gray
now, and it took just a bit longer than expected, but here we
are. Spoons already are moving out of traditional markets
onto eBay. I personally know of shops that have closed in
favor of eBay selling.
Spoons are an almost perfect eBay
item, relatively easy and cheap to image, list, and ship and
I've been in some shops where the spoons have been taken off
the shelves to be sold exclusively on eBay.
Don't
miss out on the fun and the opportunities. Join the
"cyberspooning" action now.
(An earlier version of this item was first
published in the Cauldron, the quarterly newsletter of the
Northeastern Spoon Collectors Guild) |
Interpreting
eBay Feedback
An eBay feedback
rating is quite simple, and if you know how to read it, the odds that
you'll be happy with eBay trading will improve.
For each transaction there is a buyer and there
is a seller. Each person may leave a one-line description that he thinks describes
the other person's performance in the transaction. He also checks one of three boxes: positive, neutral, or negative.
The number of negatives is subtracted from the number of positives
automatically by eBay software and the resulting number is always listed next to the eBayer's name.
The number is an indication (not an exact count) of the number of transactions the eBayer has been party to as either a buyer or a seller. Unless you examine the data behind the number, that's all it tells you.
To understand whether the feedback pertains to buying or selling and to
understand what it really might mean, you need to spend a minute or two
looking at the specific feedback.Clicking
a feedback rating number on eBay reveals a wealth of useful information.
EBay feedback tends to be highly inflated; that is, it almost always paints a rosier picture of the seller
or buyer than is realistic. There are several reasons for this. One is simply human nature: most folks have a strong inclination to be positive, not negative, especially when they're writing
something about a specific individual. Thus unpleasant or defective transactions tend to be under-reported in feedback.
Second, someone who buys and sells on eBay might fear a retaliatory negative feedback if he leaves one. In order to protect his
own feedback rating, he might decide not to leave any feedback at all for an
unsatisfactory transaction.
With that background in mind,
here's how to "read" eBay feedback to learn a little bit about
the eBay trader with whom you're considering doing business.
Examine the feedback to see if it
is a result of buying or selling. You'll need to read the actual
feedbacks, many of which will be ambiguous. But it would be foolhardy to
conclude that an eBayer is a trustworthy seller if all his feedback is
based on his performance as a buyer, and vice versa. Many of the
individual feedback items will contain clues such as "fast
payment" (buyer) or "great item" (seller).For
sellers, look
for a spread between total feedback and counted feedback (all feedback
is recorded, but each buyer-seller pair will only have their first
feedback counted towards the overall rating).
The higher the spread the better, because that indicates repeat customers. Thousands
of positive feedbacks but no repeat customers might indicate problems or
might indicate that the seller sells so many different types of items
that he gets few repeat customers.
Remember, the feedback numbers will be "inflated", but people's
actions speak loudly; repeat sales are a very positive indication. Many
sellers who have concluded a lot of transactions on eBay might have a
negative feedback or two from "lunatic fringe" buyers, so
don't over-react to a tiny percentage of negatives, but a
ratio of negatives to positives that exceeds 1% is a real danger signal,
given the general inflation in feedback.
Look
for "faint praise" in the feedback. Many times a
"positive" feedback note will actually contain a negative
comment, intended to warn prospective customers away. Check
out any comments left in the feedback of the other party (eBay allows a
seller/buyer to insert a comment in any feedback pertaining to him/her).
Sometimes they will explain away a simple mistake. Other times, they
will betray an attitude that you would not abide from a shop keeper.The
comments usually give a clue about the type of merchandise the
particular seller usually handles. If he doesn't appear to have sold any
spoons before, you'll want to be especially careful with your email to
ascertain the spoon's true condition. The seller might be scrupulously
honest but might not know how to look at souvenir spoons critically.If
you check with the Consumer Protection division of any of the 50 state
Attorney Generals offices, they'll all offer similar advice that
pertains to any purchase, whether in a store, by mail, by telephone or
over the Internet:
make sure that you
know what you're buying, do business with someone you know and trust,
and make sure you understand all the terms and conditions that apply.
On
ebay, critical reading of the feedback items behind the feedback score will give
you some clues about a stranger you're thinking of dealing with and the
extent to which you should trust him.
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