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silver antique cuff bracelet
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This cuff bracelet, which belonged to my grandmother, is marked “sterling silver.” Do I have a treasure?

— A.C., New York, N.Y.

Your 2-inch cuff bracelet, created in the mid-1950s, has many different values. First, because it is precious metal, the bracelet has meltdown value. The melt market for silver is strong. A dealer at a recent antiques show was offering $9 an ounce. Obviously, he is going to resell it for more. On the other hand, your bracelet is fairly common, so its market value as is runs between $35 and $45. Finally, family value can be priceless. Your grandmother’s jewelry may well have more sentimental value to you than either of the cash amounts above.

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