is this a good price for a solid sterling silver chain?
CRAFTD.com
Cuban (Sterling Silver) 4mm
Hallmarked & CRAFTD to last. A classic Cuban is a must-have in every man's wardrobe. This statement 4mm Chain is handmade using traditional techniques and CRAFTD from solid 925 sterling silver, ensuring sharper, cleaner-cut Cuban Links and a high-polish finish. Designed for the man who has everything, it adds an ex
5 Replies
Not too bad. Check the spot price for silver and roughly multiply it by 2.5-3 as a guide.
Preciate the help
I just checked and it says that chain weighs 115 grams
Google says the spot price for silver is currently $0.74
So multiply by 115 would be around 85 bucks
Idk if that means the chain is overpriced or if it could cost that much due to some other factor
take the spot price for silver, multiply it by weight, multiply that by 2.5-3 (to take into account the profit margin and other overheads such as paying people to make it, advertising, storing and stocking it etc)
you missed a step
the 55cm is priced at $160 as I see it, which means this is a fairly reasonable price based on todays spot price given cost of the metal alone.
Ooooh I see
My bad
I didn't explain it well!