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?
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.
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
yes, it is the current price point.
If it were me, I will check other websites or stores to compare the rate.