BANKRUPT AND DECEASED SILVERSMITHS
Posted: Wed May 02, 2012 4:18 am
An unusual question; are there reliable and recorded data what happened to silver after the death of a silversmith.It is virtually impossible to assume the last item in stock was sold and then a silversmith left for a better world. Not every silversmith had family business to be continued after his death. Furthermore, not every silversmith was successful enough to remain in business throughout his life. There is but a little doubt many went bankrupt. There is a sound example on much higher level; Vienna porcelain manufacture, being one of the oldest and the most reputable in Europe, closed and everything was sold at an auction and decorated later elsewhere.
In a word, what happened to silver?
If sold to other silversmiths or retailers, what happened with the marks on silver? Was it sold later with already existing marks, or new marks were struck, either over or beside existing marks? Was there any recorded regulation regarding this? What about duty on silver? It was already paid by the maker, but the new owner could not sell silver made by someone else just like that. Everything said remains within legal frame; we are all aware of ``duty dodgers`` - there is very high probability silver has circulated and the system was abused with items sold by new owners with their marks struck over existing marks.
My humble opinion; this issue deserves attention because of controversial re -struck or multiple marks found so often.We are prone to declare such items as fakes, but in most cases it does not make much sense, at least with re-struck or double-struck marks of not profitable and unknown makers.
In a word, what happened to silver?
If sold to other silversmiths or retailers, what happened with the marks on silver? Was it sold later with already existing marks, or new marks were struck, either over or beside existing marks? Was there any recorded regulation regarding this? What about duty on silver? It was already paid by the maker, but the new owner could not sell silver made by someone else just like that. Everything said remains within legal frame; we are all aware of ``duty dodgers`` - there is very high probability silver has circulated and the system was abused with items sold by new owners with their marks struck over existing marks.
My humble opinion; this issue deserves attention because of controversial re -struck or multiple marks found so often.We are prone to declare such items as fakes, but in most cases it does not make much sense, at least with re-struck or double-struck marks of not profitable and unknown makers.