Where is the best place to sell scrap silver?

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[ARCHIVED THREAD] - Where is the best place to sell scrap silver?

Posted: 9/7/2010 10:19:59 AM EDT

Jewelry and such. We have a friend that did the shows and sold some stuff. Right now the "Indian" sterling they had to sell looks to be worth more as scrap. His wife just found out the business she works at is going to close in 30 days, so they are looking to get as liquid as possible. And with the spot price of silver touching on $20/oz it's time to unload.

It might influence things that they have a larger quantity than your average consumer.

Thanks for the info.

Posted: 9/7/2010 10:42:03 AM EDT

[#1]

usually you can do better buying or selling to individuals than those scrap companies that advertise in magazines or on tv. There are lots of people building a position in precious metals these days so should be fairly easy to find buyers. Only possible downside would be if the jewelry has non silver content in it such as junk metal clasps, etc.

Posted: 9/7/2010 10:48:02 AM EDT

[#2]

Quoted:
usually you can do better buying or selling to individuals than those scrap companies that advertise in magazines or on tv. There are lots of people building a position in precious metals these days so should be fairly easy to find buyers. Only possible downside would be if the jewelry has non silver content in it such as junk metal clasps, etc.

You could always melt and flux it.

Posted: 9/7/2010 11:22:10 AM EDT

[#3]

I've never used them, but they have a good reputation: Midwest Refineries

Posted: 9/7/2010 3:06:38 PM EDT

[#4]

Quoted:
I've never used them, but they have a good reputation: Midwest Refineries

ditto

someone sold a beautiful silverware set, about 160oz worth.
quite a handsome deal I thought.
USPS bulk rate box, insured of course

very reasonable rates, payment method of choice, and sooner than expected........

Posted: 9/7/2010 5:16:53 PM EDT

[#5]

They don't take 40% silver coins. Any idea who does?

Posted: 9/7/2010 6:18:15 PM EDT

[#6]

You gotta check and see who is reputable in your area for some thing like 40% silver. A lot of scrap dealers have a resource for someone in the general area who is melting down and refining scrap into a more valuable commodity.

Posted: 9/7/2010 6:26:26 PM EDT

[#7]

my mom sold some old jewelry that was missing stones, badly worn, etc. to the jeweler she was having repair some jewelry for her.

mom was just hoping to cover the cost of the repair and was very surprised when it covered the repair and gave her cash back.

check with your local community college and see if they have a jewelry making class.if so see if any students want to buy it.

[ARCHIVED THREAD] - Where is the best place to sell scrap silver?

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