Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Stearling VS .999
>
Reply to Thread
Message:
<p>[QUOTE="Market Harmony, post: 816644, member: 20154"]I'm not sure where you got your information, but there are some serious errors in your response.</p><p> </p><p>- Many smelters (refiners) do not have a minimum amount, and many pay out the same regardless of the quantity. Some work with better commissions at higher volumes, but others have flat rates. There are avenues for small scale and large scale scrap lots. I personally have experience with dealers that just send in a weekly amount, whether it is a few ounces to a few hundred ounces. I've never seen a dealer send in 5,000-10,000 ounces in one lot. And, I have seen massive amounts of 90% coin come from dealers to be melted. If they don't sell it within a few days of receiving it, they normally send it to a refinery.</p><p> </p><p>- .925 markings have been known to be less than sterling, but the majority are just as they are stamped. I don't know as to the "production process" to which you refer. But, there are some less scrupulous manufacturers that misrepresent their sterling or .925 products. Unless it is counterfeit, I have not seen any gov't issued coin to be out of spec.</p><p> </p><p>- Any .999 carries a premium. It is the industry standard in purity. What's the point in sending it to be melted with scrap silver that is less than pure? Regardless of who makes it, there a market and a mark-up for it.[/QUOTE]</p><p><br /></p>
[QUOTE="Market Harmony, post: 816644, member: 20154"]I'm not sure where you got your information, but there are some serious errors in your response. - Many smelters (refiners) do not have a minimum amount, and many pay out the same regardless of the quantity. Some work with better commissions at higher volumes, but others have flat rates. There are avenues for small scale and large scale scrap lots. I personally have experience with dealers that just send in a weekly amount, whether it is a few ounces to a few hundred ounces. I've never seen a dealer send in 5,000-10,000 ounces in one lot. And, I have seen massive amounts of 90% coin come from dealers to be melted. If they don't sell it within a few days of receiving it, they normally send it to a refinery. - .925 markings have been known to be less than sterling, but the majority are just as they are stamped. I don't know as to the "production process" to which you refer. But, there are some less scrupulous manufacturers that misrepresent their sterling or .925 products. Unless it is counterfeit, I have not seen any gov't issued coin to be out of spec. - Any .999 carries a premium. It is the industry standard in purity. What's the point in sending it to be melted with scrap silver that is less than pure? Regardless of who makes it, there a market and a mark-up for it.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Stearling VS .999
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...