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  1. #1
    us
    Jul 2007
    Shell Knob, MO
    Tesoro Tejon & Vaquero
    114

    What are your local dealers paying for Sterling ??

    Just wondering what your local "I buy gold & silver" dealers are paying for scrap sterling silver. Obviously value is only 92% of spot....our few locals are paying around 60% of spot....this seems low to me. Let me know.
    Brad


  2. #2
    Charter Member
    us
    Dec 2006
    Left Coast
    XLT & Bigfoot
    2,909
    424 times

    Re: What are your local dealers paying for Sterling ??

    Quote Originally Posted by bradsguns
    Just wondering what your local "I buy gold & silver" dealers are paying for scrap sterling silver. Obviously value is only 92% of spot....our few locals are paying around 60% of spot....this seems low to me. Let me know.
    Brad
    I tested my competition locally. I played dumb and brought in several ounces of silver to see what 5 different CASH4GOLD type places would pay. Four of them refused to buy, saying they only buy gold. The one that would buy low balled me. (and they heavilly advertise they pay the best)
    at yard sales I am dollardan
    on ebay I am the-howto-guy
    http://www.ebay.com/sch/the-howto-gu...p2047675.l2562

  3. #3
    us
    Feb 2008
    southern NJ
    842
    4 times
    All Types Of Treasure Hunting

    Re: What are your local dealers paying for Sterling ??

    I took $270 worth of sterling to the local places back in October.
    Best offer I got was $50

    I sent it to ARA

  4. #4
    us
    Feb 2010
    Dallas,GA
    Garrett Ace 250
    467

    Re: What are your local dealers paying for Sterling ??

    When silver is at $48 an oz my refinery pays me $1.28 per .925 gram. I pay my customers $.90 per gram on small trades and up to $1.05 per gram on very large transactions. My local competition pays anywhere from "not interested in silver" to "$.55 per gram".

    There is a reason why i never see anyone else with 5lb serving trays at the refinery.
    2010 Totals
       1964 Ken 185 , 40% Ken 1605, Ben 48, WLH 17, Barber 1
    90% Proof 13, Proof 180, Other/Comm 13 , silver comm 2
         Merc 2, Roos 24, Canadian 1
          War Nickel 6, Silv Wash 7 Grand total 2010 silver keepers= 1911 keepers

 

 

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