Most people know that items made of gold or silver will have value based on the metal alone. When we sell things on eBay, our hope is that collectors looking for certain patterns or brands will pay above and beyond the scrap price. In cases like this, where the item is monogrammed with an initial, the sale price will usually be around the melt value. Sure enough, this sale was point blank scrap - I could have saved the 13% in transaction fees if I had just called my dealer. Oh well - if we don't take the chance, we might miss out. For the record, items that are gold or silver plated are worth almost nothing.