For those who sell a lot of silver........
leothelyon
Posts: 8,432 ✭✭✭✭✭
..........do you get paid for the copper as well?
Leo
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
0
leothelyon
Posts: 8,432 ✭✭✭✭✭
Comments
-Paul
bob
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>The average $1,000 face-value bag of US 90% silver coins will contain roughly 5 pounds (Avoirdupos) of copper, worth about $22. >>
$22 huh, that would cover a bit of the shipping. Never thought about this before.
I was a Monkey
<< <i>The average $1,000 face-value bag of US 90% silver coins will contain roughly 5 pounds (Avoirdupos) of copper, worth about $22. >>
I bet it costs more than $22 to refine that silver to 999 fine.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>wow those smelters must be really raking it in! >>
Along these lines, MUCH more so, is the rhodium bonus from white gold and platinum lots.....
<< <i>
<< <i>wow those smelters must be really raking it in! >>
Along these lines, MUCH more so, is the rhodium bonus from white gold and platinum lots..... >>
Since rhodium is only a thin plating to give the jewelry a shiney silver color, I doubt that there is enough rhodium there to warrant the expense to recover it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>
<< <i>wow those smelters must be really raking it in! >>
Along these lines, MUCH more so, is the rhodium bonus from white gold and platinum lots..... >>
Since rhodium is only a thin plating to give the jewelry a shiney silver color, I doubt that there is enough rhodium there to warrant the expense to recover it. >>
Not just the plating, but an impurity/ alloy metal. And the upside can be quite substantial, from what I have been told. No added expense - it's already being separated out as part of the refining process.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>
<< <i>The average $1,000 face-value bag of US 90% silver coins will contain roughly 5 pounds (Avoirdupos) of copper, worth about $22. >>
I bet it costs more than $22 to refine that silver to 999 fine. >>
Why would you do that if it was going to be re-used in like coinage? Makes no economic sense when the mines are pooping out pure silver. One would only refine it if it is really easy to do ore there was more demand than supply for pure silver.