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Are refiners back to purchasing .925, .900, and .400 silver?

DisneyFanDisneyFan Posts: 2,649 ✭✭✭✭✭
in Precious Metals

Any updates as of December 1st?

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  • MsMorrisineMsMorrisine Posts: 37,177 ✭✭✭✭✭

    jack hunt takes 90% and 40% but not sterling

    it seems they also sell same

    i'm thinking for them they are really playing coin dealer

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • blitzdudeblitzdude Posts: 6,986 ✭✭✭✭✭

    @derryb said:

    @blitzdude said:
    Family member just offloaded a bunch of .999. They were given 15% back of spot. Doubt they would have even considered .925/.900 etc. but who knows.....None the less it was a good time to re-educate him on the absolute beauty of the SLV.

    Family don't let family sell .999 for $49.30 when spot is $58.

    I don't know what spot was at the exact moment, but they got $50 flat. Generic rounds, fantasy tokens etc. Nothing that would interest me. I gave my opinion, and they did what they did. I can tell you one thing, I wish all my physical .999 was paper SLV in this current environment. Much easier to manage. I know you've done well. Good luck and hope it continues. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????

  • softparadesoftparade Posts: 9,397 ✭✭✭✭✭

    @blitzdude said:

    @derryb said:

    @blitzdude said:
    Family member just offloaded a bunch of .999. They were given 15% back of spot. Doubt they would have even considered .925/.900 etc. but who knows.....None the less it was a good time to re-educate him on the absolute beauty of the SLV.

    Family don't let family sell .999 for $49.30 when spot is $58.

    I don't know what spot was at the exact moment, but they got $50 flat. Generic rounds, fantasy tokens etc. Nothing that would interest me. I gave my opinion, and they did what they did. I can tell you one thing, I wish all my physical .999 was paper SLV in this current environment. Much easier to manage. I know you've done well. Good luck and hope it continues. RGDS!

    Your family got screwed. God Bless America. And don't tell us that's all they could get. 15% back of spot for .999 LOL THEY GOT SCREWED

    COPPER is gutter !

  • blitzdudeblitzdude Posts: 6,986 ✭✭✭✭✭

    @softparade said:

    @blitzdude said:

    @derryb said:

    @blitzdude said:
    Family member just offloaded a bunch of .999. They were given 15% back of spot. Doubt they would have even considered .925/.900 etc. but who knows.....None the less it was a good time to re-educate him on the absolute beauty of the SLV.

    Family don't let family sell .999 for $49.30 when spot is $58.

    I don't know what spot was at the exact moment, but they got $50 flat. Generic rounds, fantasy tokens etc. Nothing that would interest me. I gave my opinion, and they did what they did. I can tell you one thing, I wish all my physical .999 was paper SLV in this current environment. Much easier to manage. I know you've done well. Good luck and hope it continues. RGDS!

    Your family got screwed. God Bless America. And don't tell us that's all they could get. 15% back of spot for .999 LOL THEY GOT SCREWED

    That's why they call it life in the gutter. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,719 ✭✭✭✭✭

    I’d be happy to pay 15% below the market price, and just as happy to pay the banker 10% on the note to do it. Capitalism and usery at its finest. It’s not a crime.

    ``https://ebay.us/m/KxolR5

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,719 ✭✭✭✭✭
    edited December 6, 2025 7:37AM

    @DisneyFan said:
    Any updates as of December 1st?

    Elemetal has been back to buying for weeks. I started a thread https://forums.collectors.com/discussion/1118265/a-major-refiner-wholesaler-is-back-to-purchasing-alloyed-silver-925-900-and-400#latest
    but it got no tread or traction. In spite of that, some like paper, some prefer plastic. Me ? metal is my preference. Silver at $50 or $60 or $100. Gold at $900, $2000, or 5k….. copper and nickel, not so much. But even that ( as a commodity) is money, too. How hard does a guy want to work ? Blitz plays hard with and for his. Some of us are workin’ stiffs.

    ``https://ebay.us/m/KxolR5

  • DisneyFanDisneyFan Posts: 2,649 ✭✭✭✭✭

    My local refiner told me they weren't buying silver until after 12/1/2025. Too jammed up. Today I checked in and they are not buying anything until after 2/1/2026.

    No problem - just sold the equivalent amount in SLV and keeping the physical silver as a long term investment.

  • taxmadtaxmad Posts: 1,102 ✭✭✭✭

    @DisneyFan said:
    My local refiner told me they weren't buying silver until after 12/1/2025. Too jammed up. Today I checked in and they are not buying anything until after 2/1/2026.

    999 as well or just alloy?

  • blitzdudeblitzdude Posts: 6,986 ✭✭✭✭✭

    @DisneyFan said:
    My local refiner told me they weren't buying silver until after 12/1/2025. Too jammed up. Today I checked in and they are not buying anything until after 2/1/2026.

    No problem - just sold the equivalent amount in SLV and keeping the physical silver as a long term investment.

    Hedging it like the BIGS. RGDS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™
    Wooooha! Did someone just say it's officially "TACO™" Tuesday????

  • DisneyFanDisneyFan Posts: 2,649 ✭✭✭✭✭

    @taxmad said:

    @DisneyFan said:
    My local refiner told me they weren't buying silver until after 12/1/2025. Too jammed up. Today I checked in and they are not buying anything until after 2/1/2026.

    999 as well or just alloy?

    999 still need to be converted to bigger bars.

  • softparadesoftparade Posts: 9,397 ✭✭✭✭✭

    @DisneyFan said:

    @taxmad said:

    @DisneyFan said:
    My local refiner told me they weren't buying silver until after 12/1/2025. Too jammed up. Today I checked in and they are not buying anything until after 2/1/2026.

    999 as well or just alloy?

    999 still need to be converted to bigger bars.

    COMEX

    COPPER is gutter !

  • DisneyFanDisneyFan Posts: 2,649 ✭✭✭✭✭

    Today I stopped at our local dealer, one of Coin World's Top 100 influential, to get a feel for coin shop bids for 90% silver.

    If I had $1,000.00 face value to offer, their offer was $38 per $1. Otherwise, $30 per $1.

  • GöttingerGöttinger Posts: 135 ✭✭✭

    Here in Germany I went to two dealers to ask for their prices. They accept any alloy:

    1st dealer: 98% for 999+ fine silver bullion, 80% for any other silver alloys, 97% for 999+ gold bullion and 96% for scrap gold (they pay extra for the silver content of the gold alloy).
    They pick through the stuff to set aside better coins and jewellery for them selves.

    2nd dealer: 93% for silver (any kind) and 99% for gold (any kind).
    All metal will go to the refinery unsearched. Bullion, high end jewellery, numismatic coins - it does not matter, it all will go to the smelter.

  • dcarrdcarr Posts: 9,551 ✭✭✭✭✭

    @DisneyFan said:

    Today I stopped at our local dealer, one of Coin World's Top 100 influential, to get a feel for coin shop bids for 90% silver.

    If I had $1,000.00 face value to offer, their offer was $38 per $1. Otherwise, $30 per $1.

    .

    That is not good at 30x. Current melt is theoretically 44x. That would be about 32% under melt for $999 (or less) face value.
    Ask them what they sell it for.

    Perhaps this is more of a numismatic dealer than a bullion dealer ?

    Recent sales of small lots of 90% silver on eBay are about 40x to 42x. Minus the eBay fees that is still a net of about 35x to 37x.

    One major dealer on the internet currently has a buy offer of about 39x for large lots.

    .

    Moonlight Mint
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