Welcome guest, is this your first visit?
Member
Discoveries
 
Results 1 to 9 of 9
Like Tree9Likes
  • 1 Post By AlienLifeForm
  • 2 Post By fistfulladirt
  • 2 Post By cyberdan
  • 1 Post By The Urban Prospector
  • 3 Post By cyberdan

Thread: Looking for advice on selling or trading my sterling silver...

« Prev Thread | Next Thread »
  1. #1
    us
    Oct 2014
    Wherever I am.
    Tesoro Eldorado, Garrett AT Pro, Minelab Excal II, Garrett Pro Pointer, Garrett Pro Pointer AT, Human eyes
    1,081
    1580 times
    GOLD - PLATINUM - SILVER
    Honorable Mentions (2)

    Looking for advice on selling or trading my sterling silver...

    So I have come into a good bunch of sterling silver in the form of flatware such as spoons, forks, etc. As well as bowls, cups, candlestick holders, etc. What I would like to do is consolidate space (for security purposes) mainly and convert this stuff into bullion. Any suggestions or has anyone done the same thing? Sell to a refinery? If so, which one pays highest percentage? I would even entertain trading straight across to save time. Obviously I would like to get the highest $ possible. Thanks in advance for your recommendations!
    There is something truly exhilarating about digging an item of remarkable value out of the ground.

  2. #2
    us
    Jan 2010
    DFW Texas
    Minelab E-TRAC, Garrett ProPointer, Lesche Digger
    1,589
    2339 times
    All Types Of Treasure Hunting
    ARA in Dallas pays 90% of melt.

  3. #3
    us
    Feb 2008
    Great Lakes State
    dirtfishing
    10,448
    2171 times
    silver surfing
    Honorable Mentions (1)
    Chances are you will obtain more money from antique collectors, than you will from the metal value.
    When I listen to LED ZEPPELIN...so do my neighbors

  4. #4
    us
    ARC

    Aug 2014
    De Tampe Bahia - La Florida
    JW 8X - ML X2
    16,392
    29641 times
    All Types Of Treasure Hunting
    Just caught your thread...

    Still have these items ?
    Have permission... Fill holes... Dispose of trash. - The Random Chat Thread - AKA -" TNet Under Ground " http://www.treasurenet.com/forums/ev...l-welcome.html

  5. #5
    Charter Member
    us
    Dec 2006
    Left Coast
    XLT & Bigfoot
    4,208
    1716 times
    There are two ways I use to getting rid of old silver not worth selling as jewelry or antiques.
    I am giving an example of just one ounce. Both ways require a much larger amount to make it worth while for both parties.
    ================================================== ===========

    I pulled all my junk 800, 925 and junk foreign coin silver and send it to Jay he posts on goldrefiningforum.com His screen name is scrapman1077

    His post is Trade Mint Fresh 999 1 oz rounds for your scrap silver - Gold Refining Forum.com

    He will take any and all silver, refine it and send proof silver rounds. Of course he makes a profit but it is minimal. I have done this three times over the last couple of years so I can vouch for him.

    Silver is at $17.60 right now and as an example if you send him 41.4 grams of 925 sterling he will send one 31.1 gr 999 silver round.

    41.4 gr of 925 = $21.51 31.1 gr of 999 = $17.60 refine fee = $3.91 ($3.91 over spot)

    ================================================== ===========
    My other way that I have done once is send my junk AG to ARA in Dallas (as warbaby says) but you have to be set up as a business.

    If you sent in 41.4 gr of 925 to ARA with a 10% refine fee you would get $19.50

    And then bought rounds at APMEX with the proceeds.
    You can buy one Buffalo silver round for $19.69 ($2.09 above spot)
    at yard sales I am dollardan

  6. #6
    us
    Oct 2014
    Wherever I am.
    Tesoro Eldorado, Garrett AT Pro, Minelab Excal II, Garrett Pro Pointer, Garrett Pro Pointer AT, Human eyes
    1,081
    1580 times
    GOLD - PLATINUM - SILVER
    Honorable Mentions (2)
    Quote Originally Posted by AARC View Post
    Just caught your thread...

    Still have these items ?
    Yes, I have quite a lot. I am liking the idea if trading it for silver rounds.
    There is something truly exhilarating about digging an item of remarkable value out of the ground.

  7. #7
    us
    Oct 2014
    Wherever I am.
    Tesoro Eldorado, Garrett AT Pro, Minelab Excal II, Garrett Pro Pointer, Garrett Pro Pointer AT, Human eyes
    1,081
    1580 times
    GOLD - PLATINUM - SILVER
    Honorable Mentions (2)
    Thanks for all the input. I just purchased some crucibles and a mold. Might try my hand at making some sterling bars....trading for silver rounds sounds pretty good though.
    A2coins likes this.
    There is something truly exhilarating about digging an item of remarkable value out of the ground.

  8. #8
    Charter Member
    us
    Dec 2006
    Left Coast
    XLT & Bigfoot
    4,208
    1716 times
    Quote Originally Posted by The Urban Prospector View Post
    Thanks for all the input. I just purchased some crucibles and a mold. Might try my hand at making some sterling bars....trading for silver rounds sounds pretty good though.
    You can melt and pour into bars but you will have a hard time selling. It will be unmarked metal. Even if everything you melt is marked 925 that does not mean it is. There are a lot of jewelry makers that fudge or even lie about silver content. The guy I spoke about earlier will have a refinery melt my entire lot and then test the bar to see exactly how pure it it is. He will then send their marked 999 fine rounds.

    If you have enough junk silver you can also send directly to a refinery to do the same thing. But then you will probably have to have a business account with them and get paid by check.
    at yard sales I am dollardan

  9. #9
    Charter Member
    us
    Tommy

    Dec 2015
    Ann Arbor
    AT MAX
    13,072
    14236 times
    All Types Of Treasure Hunting
    Honorable Mentions (2)
    I agree I buy 1 oz bars every time I have a little extra cash from mattheys people would be cinfident it is 1 oz 999 but if just anyone does it then its suspect I wouldnt buy them
    Approved TreasureNet Stickers
    .:: $4.00 for 11" X 3" Bumper Sticker ::.
    .:: $2.50 for 1" x 4" Detector Sticker ::.
    (Free Shipping)


    SEE: TreasureNet Bumper Stickers

 

 

Remove Ads

Home | Forum | Active Topics | What's New

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Replies: 6
    Last Post: Nov 04, 2014, 08:43 AM
  2. Selling Or Trading... Hijacking
    By Treasure_Hunter in forum Treasure Related Stuff For Trade
    Replies: 0
    Last Post: Apr 03, 2014, 06:43 PM
  3. Trading vs selling
    By TnTom in forum Stamp Collecting
    Replies: 7
    Last Post: Feb 12, 2014, 05:49 AM
  4. Selling or trading a T2 :)
    By ryaan21 in forum Teknetics
    Replies: 10
    Last Post: May 01, 2012, 11:21 AM
  5. Trading/Selling Silver (Walkers/Franklins/etc.)
    By Patrick Earl Houston in forum Coin Roll Hunting
    Replies: 6
    Last Post: Oct 10, 2010, 10:22 PM
Powered by vBadvanced CMPS v4.3.0