Bakelite has a wide range of uses, from automotive and electrical products to space shuttles. Bakelite jewelry is quite popular and the prices generally vary depending on the variety of the piece. Fancy Bakelite bracelets, with lots of carving, elaborate decorations and polka dots, are the most sought after and expensive vintage jewelry items, costing in the range of $100 to $200 per piece. Bakelite is a type of hard, molded plastic and it is the patina of a Bakelite piece that makes it very desirable and valuable. Bakelite is heavier and denser than other types of plastic. It differs from ordinary plastic in that it is basically a thermoset plastic, having additives that prevent it from being melted and recycled.