Pricing of sterling silver wire

This post has 6 Replies | 1 Follower
Not Ranked
Posts 3
RachnaM wrote
on Mar 16, 2014 7:06 AM

Hi

This is my first post on the forum and I hope I'm posting in the right one!

I usually use copper, brass or silver plated ear wires that I make on my own. I've now got an order to make a pair of sterling silver earrings. The sterling silver wire that I have is something I bought four years back. So now I'm wondering what rate of sterling silver should I use (while pricing the earrings) - the current rate or the rate at which I bought my wire fours back?

Thanks, Rachna.

 

Top 10 Contributor
Posts 3,267
ForumModerator
SCB1 wrote
on Mar 16, 2014 9:52 AM

If it were me, I would price it at replacement rate. That way you have the money to replenish what you use. If you price at the rate you bought it, you would end up short to replace. it. 

That is just my opinion. 

Happy Beading!!

Sue,

Small-town USA. 

Michigan.

 

 

Not Ranked
Posts 3
RachnaM wrote
on Mar 16, 2014 10:54 AM

Thank you for your reply Sue. I'm not sure what replacement rate means? Do you mean the current rate at which I can buy sterling silver wire?

Thanks again, Rachna

 

Top 10 Contributor
Posts 3,267
ForumModerator
SCB1 wrote
on Mar 16, 2014 11:23 AM

yes, it is the current price point.

Happy Beading!!

Sue,

Small-town USA. 

Michigan.

 

 

Not Ranked
Posts 3
RachnaM wrote
on Mar 16, 2014 12:02 PM

Thanks Sue!

 

Rachna

 

Not Ranked
Posts 2
jjack2 wrote
on Mar 24, 2014 10:38 PM

If it were me, I will check other websites or stores to compare the rate.

Not Ranked
Posts 1
Abbasdotter wrote
on Jun 13, 2014 12:20 PM
This is my first posting too! :) I agree with other comments here. Once you make the earrings you will have to buy more sterling silver to replenish your stock hence the need to charge current sterling silver prices.
Page 1 of 1 (7 items) | RSS