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<p>[QUOTE=&quot;facet5, post: 8393644, member: 139630&quot;]I sent exactly 1 pound of sterling to a refinery (picture was taken).&nbsp; I expected about $295..I got $130.&nbsp; Why.&nbsp; I believe spot is what is listed on websites; and, melt price is the amount of actual sterling after melting it.&nbsp; Old silver (before 1978, I was told) the Karat was simply guessed&nbsp; and not verified as the actual karat quality.&nbsp; Therefore old sterling Karats are considered inferior as to how much precious metal was actual there until it was melted.&nbsp; (This is the same for gold, and other metals that require markings.)[/QUOTE]</p><p><br /></p>

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