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refinery to sell 90% silver coin to

sinin1sinin1 Posts: 7,500 ✭
in Precious Metals
What refinerys have you sold to if you have, and what kind of volume needed?


say I have a bunch of bent/damaged/crappy silver coin


I checked kitco's buy price and it was under 7X face at $13 silver which made me laugh


where do the coin shops that buy it sell it too?

Comments

  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭
    Sell it on the BST, best place no fees
    https://www.ebay.com/str/christyscoins
  • PutTogetherPutTogether Posts: 2,141 ✭✭✭
    If it is truly junk that really needs to be smelted, I would send it to midwest refiniers. They will melt it down, do an honest assay, keep a small percent, and pay you in a method of your choice.

    Check them out!

    Midwest Refineries
  • Norseman88Norseman88 Posts: 962
    image 7 times face? What a crock of BS!!!
  • WegWeg Posts: 544
    PT, thanks for the link. Midwest appears to be a good choice; I like their forms of payment. Another plus is their just 35-40 miles from home.
    That was one of those "well I'll be darn".
    Bill
    Remember, I'm pullen for ya; we're all in this together.---Red Green---
  • PutTogetherPutTogether Posts: 2,141 ✭✭✭


    << <i>PT, thanks for the link. Midwest appears to be a good choice; I like their forms of payment. Another plus is their just 35-40 miles from home.
    That was one of those "well I'll be darn".
    Bill >>




    No problem. I sent a bunch of scrap gold jewelry to them once. Just to make sure, i weighed it all to the gram, and then did appropriate calculations to figure out how much real gold there was. Came out to just a bit over an ounce of actual gold. I mailed it off to them, told them to give me as much in bullion as they could and a check for the balance.

    In about ten days after I mailed to them, I got a package back with one Krugerrand and a check for $50. The package also contained a report that showed the total weight of my shipment, and then the results of an assay, and the calculations of what they kept for themselves and what they sent back to me.

    I've never had a better experience as far as precious metal is concerned.


  • dimplesdimples Posts: 1,286 ✭✭✭
    Thanks for the heads up. I have 6 ounces of 14k jewelry to sell. Asked around and it seems most places give you 60% of the gold value or $15 a pennyweight.
  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    I used Midwest back in March of '08..

    Shipped: 6.85 troy oz of Gold Nuggets

    Weight after Melt: 6.4

    Assay Yield % 80.66

    Troy oz contained: 5.162

    Payable % 94.00

    Troy oz's payable: 4.853

    Market price: $917.00

    Settlement amount: $4,449.75
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