Red coat is right on. any EP isnt worth it.
Not a correct answer regarding EP.
It all depends on how a person approaches the silver-plating and the process of extracting the plating off the items.
Silver plated cutlery is silver plate over brass generally. The plating can be single or multiple layers of plating. (AI, Triple plated, EPNS)
AI It typically means that 2 pennyweights (approx. 3.1 grams) of pure silver were used to coat a dozen standard-sized spoons or forks.
AA has double
Triple plate X3
Quadruple Plated X4 This would for commercial use (Hotel)
The base metals: Nickel silver, brass. copper, lead, zinc.
Trim metals: Britannia Metal (Tin-Antimony-Copper Alloy), White Metal / Lead Alloys (Pot Metal)
Scrap metal pricing: Nickel silver/yellow brass $3-3.25
#2 Copper $5.30
Large serving trays can be worth more in scrap than the actual asking price. Here's an example of buying right and return on the purchase. (The tray on the wall weighed 12 lbs x copper price)