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Got A Tricky One - Industrial Silver Ingots

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United States
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 Posted Yesterday   11:06 pm Show Profile   Bookmark this topic Add WolfStock to your friends list Get a Link to this Message Number of Subscribers
Hi all,

I have some industrial ingots that I inherited from my father. I don't know the background, other than he said they were silver. Unfortunately he's not around to ask any more details about them.

I'm looking to sell them, mainly to remove the uncertainty and disburse the resulting $ to rest of the family.

Here's pics:

Got-A-Tricky-One---Industrial-Silver-Ingots

Got-A-Tricky-One---Industrial-Silver-Ingots

I'm thinking best thing is to buy a test kit, e.g. standard JSP acid test kit.

I tried all the standard stuff - magnetic, bleach, etc., and they did indicate probably silver. Can't tell the purity though without an acid test.

I have both a metal scrap dealer and a good coin shop not too far away, that I'm thinking to take them to and see what I can get.

Thoughts? Anyone seen this kind of thing before and know what they might be from? I've seen raw silver that used to be used for fillings, and it looked very different than this, so I don't think it's that. Of course there are tons of different industrial applications for raw silver.




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Sap's Avatar
Australia
16916 Posts
 Posted Today  12H 49M ago  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
A typical coin shop won't know what to do with them, since they're not coins and not technically numismatic, and probably won't have the gear needed to test it. The scrap metal merchant is probably your best bet.

Without knowing the fineness, I'd just be guessing as to their origin and original purpose. "Melted down coins" seems improbable, as there's no real point in making private unmarked ingots this small and if you wanted a bucketful of identical little things made of silver, you may as well have kept them in coin form. The standard, consistent shape each one has indicates some reason or purpose behind that shape; no idea what that might have been though.
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Jaobler's Avatar
United States
6407 Posts
 Posted Today  11H 33M ago  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
These look pretty interesting to me. A good coin shop or jewelry store should have an XRF machine that can easily confirm metal content. "Industrial silver" would presumably be 99.9% minimum purity. An honest buyer should pay maybe 80-90% of spot silver price if they can verify purity.

I presume these are uniform ingots. Do they all weigh the same? What is the weight, and do you have a total count and/or weight for the entire lot?
Edited by Jaobler
Today 11H 32M ago
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United States
14 Posts
 Posted Today  7H 6M ago  Show Profile   Bookmark this reply Add WolfStock to your friends list Get a Link to this Reply
As far as I can tell they are all the same size - I don't have precise enough scale to see otherwise.

Coin shop does say they take scrap gold and silver, so I'm hoping they'd be candidate to take this - will be calling them today or tomorrow.

Will let folks know what happens.
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