What to do with very small amounts of scrap?

Discussion in 'Bullion Investing' started by Jason.A, Jul 13, 2018.

  1. Jason.A

    Jason.A Active Member

    What is the best way to handle very small amounts of scrap? Maybe people who metal detect can best advise on this. But, I am talking about a few pieces of scrap Sterling jewelry, a couple small pieces of 14k gold, etc. It's MAYBE $25 worth of silver of gold.

    It's been sitting here forever. Would you hang on to it, ask a coinshop if they'll buy it, talk to one of those crooks at the cash for gold places?
     
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    Scrap PM's can be sold at coin dealers, jewelry stores, gold buying services and other places. You won't get much for it. If it were me I'd tuck it away, add to it as the occasion arises and hold for higher prices. It sounds like you have to little to be bother with disposal at this time.
     
  4. longnine009

    longnine009 Hammer of the gods

    I would put it in a very small scrapbook.
     
    TheFinn and CoinCorgi like this.
  5. rte

    rte Well-Known Member

    Where do I send the $25?
    Jason got and pictures you cam PM me?
     
  6. Jason.A

    Jason.A Active Member

    Nice of you to offer, but I have no intention of ever conducting any business on cointalk so that I may keep my identity concealed.
     
  7. rte

    rte Well-Known Member

    Fair enough.
    Good luck keeping a low profile on the internet.

    And the rules prevent any B/S/T posting except in the advertising section
     
    Last edited by a moderator: Jul 14, 2018 at 10:00 PM
  8. ldhair

    ldhair Clean Supporter

    How do you know that?
     
  9. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    It is an eyeopener when a member actually does try to sell their scrap to a refiner for either cash or exchange for rounds. Unless one is in your backyard, shipping both ways is expensive with insurance and mailing receipts. Purity is often much less than one thought in their mind if not marked .99 or .999 , plus prices are determined by the bullion prices on days processed , not necessarily when thought it should have been . One club member saved kgs of sterling silver from yard sales/swap meets and made a profit of 8% in the end. The risk factor of buying the scrap is there also if you do not have a field analytical device that works.
     
  10. TheFinn

    TheFinn Well-Known Member

    Maybe the individuals aren't crooks, but getting 25% of melt is not, should we say, competitive?
     
  11. rte

    rte Well-Known Member

    Oops! My bad.
    My local G&S store buys at <25% of spot.
     
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    Forget that!
     
  13. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Indeed....
     
  14. Jason.A

    Jason.A Active Member

    I suppose I"ll just hang on to it and throw it in the next time I sell a group of better stuff at the coin shop. Perhaps with a bigger bullion sale I will get a decent price for the scrap as opposed to trying to sell it on its own.
     
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    That's the best thing I've heard all day.
     
  16. Cheech9712

    Cheech9712 Every thing is a guess

    He must love to see you
     
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