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NAICS Code 459510-35 Description (8-Digit)

Antique Silver (Retail) is a subdivision of the Used Merchandise Retailers industry that specializes in the sale of antique silver items. This industry involves the retail sale of antique silverware, including but not limited to, silver cutlery, silver tea sets, silver trays, silver candlesticks, and other decorative silver items. Antique Silver (Retail) businesses typically acquire their inventory through estate sales, auctions, and private collectors. These businesses often have a deep appreciation for the craftsmanship and history of antique silver and are knowledgeable about the provenance and authenticity of the items they sell.

Hierarchy Navigation for NAICS Code 459510-35

Parent Code (less specific)

Tools

Tools commonly used in the Antique Silver (Retail) industry for day-to-day tasks and operations.

  • Silver polish
  • Soft-bristled brushes
  • Microfiber cloths
  • Magnifying glasses
  • Silver testing kits
  • Digital scales
  • Acid testing solutions
  • Ultrasonic cleaners
  • Silver plating kits
  • Silver repair kits

Industry Examples of Antique Silver (Retail)

Common products and services typical of NAICS Code 459510-35, illustrating the main business activities and contributions to the market.

  • Antique silver candlesticks
  • Silver tea sets
  • Sterling silver flatware
  • Silver trays
  • Silver bowls
  • Silver vases
  • Silver picture frames
  • Silver jewelry boxes
  • Silver candelabras
  • Silver goblets

Certifications, Compliance and Licenses for NAICS Code 459510-35 - Antique Silver (Retail)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Antique Dealer License: An antique dealer license is required in some states to sell antique silver. The license is issued by the state government and requires the applicant to meet certain criteria, such as having a physical store and passing a background check. The requirements vary by state. No link available.
  • Business License: A business license is required to operate any business in the US, including antique silver retail. The license is issued by the local government and requires the applicant to pay a fee and meet certain criteria, such as having a physical store and registering the business name. No link available.
  • Sales Tax Permit: A sales tax permit is required to collect sales tax from customers in the US. The permit is issued by the state government and requires the applicant to register with the state and pay a fee. The requirements vary by state. No link available.
  • Federal Firearms License: A federal firearms license is required to sell antique firearms, including antique silver firearms. The license is issued by the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and requires the applicant to meet certain criteria, such as passing a background check and having a physical store.
  • Antique Silver Appraisal Certification: An antique silver appraisal certification is not required to sell antique silver, but it can be beneficial for establishing credibility with customers. The certification is offered by various organizations, such as the International Society of Appraisers and the American Society of Appraisers. The requirements and fees vary by organization.

History

A concise historical narrative of NAICS Code 459510-35 covering global milestones and recent developments within the United States.

  • The "Antique Silver (Retail)" industry has a long and rich history worldwide. Silver has been used for decorative and functional purposes for thousands of years, and antique silver items have been collected and traded for centuries. Notable milestones in the industry include the discovery of silver in the Americas in the 16th century, which led to an increase in silver production and trade, and the rise of the Arts and Crafts movement in the late 19th and early 20th centuries, which emphasized the value of handmade and unique objects, including antique silver pieces. In the United States, the industry has seen a resurgence in popularity in recent years, with a growing interest in vintage and antique items among younger generations. This has led to an increase in demand for antique silver pieces, particularly among collectors and interior designers. Notable advancements in the industry include the use of online marketplaces and social media to connect buyers and sellers, as well as the development of new cleaning and restoration techniques to preserve and enhance antique silver items.

Future Outlook for Antique Silver (Retail)

The anticipated future trajectory of the NAICS 459510-35 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Antique Silver (Retail) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for antique silver products. The rise in disposable income and the growing interest in antique collections are some of the factors that are expected to drive the growth of the industry. Additionally, the industry is also expected to benefit from the growing trend of sustainable and eco-friendly products. However, the industry may face challenges due to the increasing competition from online retailers and the availability of cheaper alternatives. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 459510-35

Recent groundbreaking advancements and milestones in the Antique Silver (Retail) industry, reflecting notable innovations that have reshaped its landscape.

  • Online Sales Platforms: The industry has seen a rise in online sales platforms that specialize in antique silver products. These platforms provide a wider reach for the industry and make it easier for consumers to find and purchase antique silver products.
  • Sustainable Products: The industry has seen a growing trend towards sustainable and eco-friendly products. Many antique silver retailers are now offering products that are made from recycled materials or are produced using sustainable methods.
  • Customization: Some antique silver retailers are now offering customization services to their customers. This allows customers to create unique and personalized products that meet their specific needs and preferences.
  • Restoration Services: Many antique silver retailers are now offering restoration services to their customers. This allows customers to restore their antique silver products to their original condition and maintain their value.
  • Collaborations: The industry has seen a rise in collaborations between antique silver retailers and other industries. For example, some retailers have collaborated with interior designers to create unique and stylish home decor products.

NAICS Code 459510-35 - Antique Silver (Retail)

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