I am not sure what you are seeking with this tray, sounds like silver and since it is marked Pure silver that would account for the flexability of it, Sterling which is .925 is silver with other metal added because pure silver is too soft for much use. A couple strange things came to mind when I first saw this post, is why would they make a tray of pure silver? and the second it india has a large supply of silver but it is guarded and for the most part they do not export it, espically in the late 1800's and early 1900's it was illegal to export any of their silver. Value of this item would be in the silver content itself, and probabaly not much more, but that would around $75.00 to may $80.00, cool tray for sure but would not be a very practical item for use.