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AR15.COM
9/21/2009 12:15:24 PM EDT
I recently went garage sale hunting this weekend, and scored a big (15+ pound) bag of sterling for $10

Is there anyone that does silver refining, so I can have a few silver bars, instead of a big unorganized bag of forks and spoons??

Thanks guys!!
9/21/2009 1:17:06 PM EDT
[#1]
Simplest thing would be to go to one of those people that buy scrap silver and sell it. You would then turn around and buy bar or Junk Silver US coins from him the same day. Negotiate a percentage for him as profit before anything changed hands. I'd think a 95 percent return to you would be fair.

Refining would be a big deal industry not some corner shop down at the light.

What percentage silver is this?
9/21/2009 2:19:25 PM EDT
[#2]
I would not buy a chunk of home refined silver, a fork stamped sterling is much more identifyable and therefor worth more, + you can eat with it.
9/21/2009 2:20:29 PM EDT
[#3]
IIRC, pre-65 coinage is 90%, and sterling is 92.5%.

I don't need to get this stuff melted down into bars, but it would just be nice if I ever had to move it.
9/21/2009 2:20:32 PM EDT
[#4]
Midwest Refinery.
9/21/2009 4:39:40 PM EDT
[#5]
Refining is purifying.  

Are you just talking about smelting it?  Grab an acetylene torch and go crazy.  You can melt it right up into a big nasty mess of silver.  You'll need a form, or it'll just be a blob.  It'll most likely be almost impossible to trade or sell, but it might look cool.

ETA: Several refiners will buy your scrap and give you an agreed upon amount of bullion for it.  It's a time consuming process, and you may end up paying a good premium on it when you're done.  Probably easier to just hang on to it as-is, and buy bullion if you want bullion.  Someone out there wants that junk silver.
9/21/2009 5:25:00 PM EDT
[#6]
If they are good quality and in good shape they are worth more SHTF as silverware. One of the big reasons silver was used is it kills bacteria.
9/21/2009 5:30:11 PM EDT
[#7]
Quoted:
Midwest Refinery.


I've been reading up a little on precious metal forums lately, and Midwest Refineries is a forum consensus for sure.  
I've not used them, but the other forum threads give them much praise.
9/21/2009 5:58:36 PM EDT
[#8]
Quoted:
If they are good quality and in good shape they are worth more SHTF as silverware. One of the big reasons silver was used is it kills bacteria.


I'll second that. I'd keep them as is.

If you really must melt them,  use a propane/oxygen fired torch, it will give you a much cleaner flame than acetylene.

9/21/2009 7:42:11 PM EDT
[#9]
You can probably sell them on Ebay for a premium and turn around and buy silver rounds/bars at a good price from kitco or somewhere else.  Also, some of that silverware has collector value that makes it worth more than the value of the silver it contains.
9/22/2009 2:04:52 AM EDT
[#10]
Are you sure it is silver or sterling? I would be VERY surprised that you got a 15 lb bag of  sterling for $10 but guess stranger things have happened....What are the marks on it?....Lots of this stuff is marked with marks that sort of sounds like it might be silver but it aint.....T.