40% Silver Shouldn't have a discount

I heard from a source that Silver refinery guys buy at melt for 40% from dealers. Does anyone have any insight on this? Is the whole it has to be discounted because of all the copper a scam?

 

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You should ask your source.

 

My source told me when we were both bidding on 40% coins that started off dirt cheap. A dealer out bid us.

 

Random sources should not be taken seriously. What a refinery will pay someone has a 100 different variables. There's other reasons besides melt value for why that dealer may have won too

 

I agree, one source is not exactly the truth but my source said the dealer who won the auction for 40% regularly regularly gives the refinery guy $1,000 face of 40%. That's why he was getting full melt. I know the dealer too, that's who I sell my 40 to!

 

That's possible that he has a special deal just for him due to the amount of business he gives them. That would certainly be one of the variables in their price paid.

 

Could be enough copper to pay for the difference in refining costs between 40% and 90%?

 

Yeah, also, if the refinery sits on 40% for one big batch then I see them getting ahead of the curve for all the "discounted because of all the other stuff" silver.

 

37 troy pounds of copper in 2000 40% halves at 3.11 = $115 in copper.

 

What's this? Facts? We don't need no stinkin' facts!

 

How much does the smelter pay for the silver? 93%? If it's 7%
then they are making $100 on the copper and another $370 on the silver.

 

IDK I checked out a lot of refineries back 6 7 years ago because I had a bunch of dif ct gold jewelry and such cheapest I found was $140 to refine it for me. The guy did not think it would be worth it but I thought it was ok. A bunch of places said that they only dealt with jewelers and pawn shops in bulk for refining.

 

91% the dealer pays me.

 

IDK what the smelter pays the dealer. 93-94-95?

 

My favorite 40

 

Not even a 211 come on

 

100%

 

This question has been asked a thousand times so i guess one more time
Wont hurt....LOL

 

The smelter can't pay the dealer 100%.
There's no profit in that. They aren't doing all the work of smelting to break even. If the price of silver drops they are losing money.
They have to pay 95 or whatever the number is to make a profit.

 

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