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Why is sterling silver priced less than coin silver?
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<p>[QUOTE="Market Harmony, post: 685931, member: 20154"]He clarifies what he meant by "sterling" here:</p><p> </p><p><br /></p><p> </p><p>However, the term, ".900 silver" is used synomynously with "US coin silver." So, that end is still opened up... does he mean "US Coin", or "coin silver"? "Coin silver" is a term used to describe anything made of 900/1000. Some tableware and decorative items were made of coin silver and they are either marked as "coin" or "900" I have a spoon that is marked, "coin." But the clerk at Target wouldn't accept it <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p> </p><p>I would be VERY curious why anyone would pay more for 900/1000 than they would for 925/1000 scrap silver. If that is the case, I will take that spread to the bank all day long and start to buy sterling silverware on the cheap and adding copper to get 900/1000 silver in a furnace, then take it to a guy willing to pay more for it!</p><p> </p><p>In my best estimate, BHP means to phrase the question, "Given equal weights of 90% US coin and a pile of scrap sterling silver, why will dealers pay more for the coins than they will for the sterling?"[/QUOTE]</p><p><br /></p>
[QUOTE="Market Harmony, post: 685931, member: 20154"]He clarifies what he meant by "sterling" here: However, the term, ".900 silver" is used synomynously with "US coin silver." So, that end is still opened up... does he mean "US Coin", or "coin silver"? "Coin silver" is a term used to describe anything made of 900/1000. Some tableware and decorative items were made of coin silver and they are either marked as "coin" or "900" I have a spoon that is marked, "coin." But the clerk at Target wouldn't accept it ;) I would be VERY curious why anyone would pay more for 900/1000 than they would for 925/1000 scrap silver. If that is the case, I will take that spread to the bank all day long and start to buy sterling silverware on the cheap and adding copper to get 900/1000 silver in a furnace, then take it to a guy willing to pay more for it! In my best estimate, BHP means to phrase the question, "Given equal weights of 90% US coin and a pile of scrap sterling silver, why will dealers pay more for the coins than they will for the sterling?"[/QUOTE]
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