Curt & Collector
Curt Curt
Collector Collector
Curt Curt
Have you ever quantified the return on investment for restoring 19th‑century silverware?
Collector Collector
I’ve tried it a few times, and the math is as tricky as the restoration itself. You have to split the cost of the cleaning, polishing, and any missing pieces from the resale price you expect, then factor in the dealer’s cut and taxes. In the best cases a well‑finished set can double or triple the outlay, but often the market is fickle and you end up with a nice story and a slightly lighter wallet. It’s more of a gamble than a guaranteed return, which is why I keep the books tight and the expectations realistic.
Curt Curt
Sounds like you’ve already mapped the risk/reward curve. Stick to a strict cost‑plus model, track every line item, and set a hard stop loss if the sale price drops below a set threshold. That keeps the gamble from bleeding into your operating budget.
Collector Collector
Exactly, that’s the routine I follow. I log every penny spent, from the acid bath to the tiny repair kit, and then I set a floor price. If the auction or dealer can’t meet that floor, I walk away before the loss drags the whole collection down. Keeps the numbers in line and the passion intact.
Curt Curt
That’s the right approach. Consistent bookkeeping and a hard floor protect both your capital and your collection. Keep refining the floor based on recent sales, and you’ll avoid the emotional pitfalls that usually erode profit.
Collector Collector
Got it—I'll tighten the ledger and keep the floor up to date with every new sale, so the numbers stay as clean as the silver.
Curt Curt
Good. Keep that discipline and you’ll avoid the pitfalls.