It seems a shame to melt down a flute, but I can understand how it could be tempting with silver around $45 per ounce. Unless the instrument is badly damaged, however, you might be better off selling it intact on eBay or Craigslist. Those Wilkins models still bring around $600 or more if they're in good condition, and are really excellent players if fitted with an upgraded headjoint. The head, body, keys, and mechanism are all silver. (The head crown may or may not be.) The flute weighs right about 16 ounces total. With the screws, pads, pad washers, head crown, and steels removed, it probably weighs closer to 13 oz. in silver. That would calculate to $585, except that a buyer doesn't pay but about 80% of the weight, paying you about $470. Also, the grade of the silver is taken into account. I believe the Wilkins is coin silver, not 0.925 sterling. I don't know anyone who has sold a flute this way, but you'd probably be doing good to get $400. I'd try selling the flute on eBay first, whether a pad job is needed or not. After all, the Wilkins is a copy of a high-end Powell, albeit with a flawed embouchure cut and placement, and there are players out there who love this flute even with the original head. I have a '74 edition I play with a JB Weismann headjoint. It sounds and plays wonderfully. Good luck, and I'd be interested to hear how it pans out for you.