An EPNS three piece tea service retailed through J M Wendt Adelaide
EP / EPNS. The abbreviation for electroplated and electroplated nickel silver, that is, silver plate.
The body of the piece is made of a common metal such as copper, and electroplating involves placing an extremely thin layer of silver on the surface of the piece. The resulting silver content is very small.
Unlike solid silver items, there is minimal underlying scrap value, and the value of such pieces is based on the quality, design and construction of the piece.
The buyers premium is an additional percentage charge on the hammer price of the item, imposed by the auction house to cover administrative costs. The buyers premium percentage varies between auction houses, with a range of 12.5% to 22%.