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 Replies: 11 / Views: 1,684 |
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Pillar of the Community
United States
3486 Posts |
I used this smelter in the past to convert some sterling and junk silver into cash. I just re-discovered the site today and I find some interesting things. For example, gold coins which are damaged should go for the prices offered, but not anything which maintains numismatic interest. The same offer for Trade dollars and common Morgans and Peace I find especially tragic. As I have no junk left, but only the "better" stuff, I might have to break down and ofter them for sale here. Example: One roll (20) Silver Dollars - ordinary One Roll (20) Silver Dollars - better Similar rolls of Barber halves, Quarters and Dimes. Observations and opinions welcomed.   Edited by matthewvincent
08/26/2012 11:15 am
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Valued Member
United States
223 Posts |
Looks like fair prices as compared to what a shop would pay you. I can only compare the silver. No experience in gold.
I couldn't send any of my junk silver off to them though. I don't think I could bear the thought of old coins getting melted.
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Pillar of the Community
 United States
3486 Posts |
Oh aandabooks, I feel your pain!
That's why I may have to break down and sell here.
I only sold stuff which SHOULD be melted. I kept better stuff.
What I like about this smelter is that they tell you up front what they will pay.
The "Hotel" buyers are not so forthcoming.
Thank you for the feedback.
Oh, and for a sterling set of flatware, well, my sister was happy.
Matthew
Edited by matthewvincent
08/27/2012 6:26 pm
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Pillar of the Community
Canada
3692 Posts |
This is just me, but I wouldn't sell any sterling to a smelter. Sell it to a jeweller. They would have better use for it and MIIIIGHT offer you closer to spot for it than a refiner would because they can manipulate it into the form that they need and cut the middleman out if they're invested in the proper tools.
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Pillar of the Community
United States
3486 Posts |
Oh, and for the record,
This same smelter offered two 1884-CC dollars in the government holders.
The price was the Grey Sheet "Ask" price. No holders.
He held them for me for three days. Nice.
I bought both of them.
I was too busy in college to buy them when they were offered. Cannot complain!
Each of us has a different experience. My experience was good.
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Pillar of the Community
United States
863 Posts |
Do you have to mail the product to them? Or do you visit them directly? Those prices are pretty good. Better than what a pawn shop would pay
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Pillar of the Community
United States
1119 Posts |
It's nice to see that they don't just throw everything they get right into the melting pot. And that they took they time to find a buyer who will take care of them.
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Pillar of the Community
United States
3486 Posts |
It is about 20 to 25 minutes away from me. They do take mail submissions, though.
They had six CC dollars. Four were bought before I asked them to put them aside for me.
I though that the prices were fair, and the fact that they post them
up front impressed me.
Sis was happy with the money that the flatware sold for.
And a very comfortable experience.
Haven't been back in a while.
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Pillar of the Community
United Kingdom
2624 Posts |
Let me disagree with Libertad. Even if a jeweller has the tools he generally won't have the time... he will simply try to buy cheap and then sell to the smelter himself.
Most jewellers (especially those who have pawnbrokers attached) can aquire stock far more quickly than they can sell it, if you walk in wanting to sell something then they wish to make the profit there and then buy buying at a good price and moving it quickly. They are not in the business of paying more or equal to what something is worth then having to sit on it for a long time to get their money back.
I agree with the sentiment about melting coins, it does seem a shame but unless you can get equal or better prices for them elsewhere its going to be hard to beat the spot rates. Some smelters offer very close to spot simply by virtue of the quantity they handle.
Edited by DavidUK
08/28/2012 1:16 pm
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Pillar of the Community
Canada
3692 Posts |
David, I get your sentiment, but jewellers pay over the spot price for their metals in certain forms, even grain, and especially tubing is very expensive. And don't forget that the markup is huge, especially if the jeweller is talented, so they do get their money back if there's a buyer. Honestly, time MAY be a factor, but laziness is no excuse to not be able to manipulate the metal, even if just keeping it as stock for resizing or drawing wire. (And yeah, I know that buying the tubing is muuuch faster than making it, lol, that's why the service exists.) Most jewellers are creative enough that they can use whatever is given to them as materials.
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Bedrock of the Community
13014 Posts |
I agree with David. Yes the jeweler could make something if they wanted to, but it doesn't mean they will. The economy isn't great and people arent exactly rushing out to buy jewelery. Most probably have a hard enough time selling some of their current inventory much less spending hours making new inventory. If they can make a quick profit a good number of them will do that instead of taking the chance that their product may or may not sell
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Pillar of the Community
United States
863 Posts |
jewlers have to sell to smelters because they do not need as much silver for their products as they are able to aquire. they cant have their money locked up in metal. they need it to be liquid.
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Replies: 11 / Views: 1,684 |
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Posted 08/27/2012 6:24 pm
