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 Replies: 11 / Views: 1,465 |
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Valued Member
United States
487 Posts |
I have some sterling flatware as well as some Australian .925 junk I paid under melt for, and was wondering if I could get some opinions. Should I have it smelted into a sterling bar by Walker Silver, and would that form of silver be easier to sell in the future. Appreciate any input forth coming.
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Pillar of the Community
Australia
7096 Posts |
If there is a Canberra florin in this mix I would be very disappointed
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Valued Member
 United States
487 Posts |
No none of those in there. I have come across that coin on ebay and I have to say they are a very attractive coin. Thinking about buying one just to have one. Only coins around WWII would I send off to the smelter. I don't mean to offend our members from Australia. I am a gather of precious metals for my two young daughters. Maybe to help lighten the load of college, when that time arrives. That's all. |
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Valued Member
United States
106 Posts |
I wouldn't bother, why spend money to have it melted into bar form only to have the same amount of silver at the end, use the money you would have spent melting it down and just buy more silver.
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Valued Member
United States
487 Posts |
Good point, Henry. I have done a advance search on ebay for .925 Walker Silver poured bars, they sell for a premium on that website. But if I was sell on ebay what ever premium realized would be eaten up by fees. I never sell anything on ebay for that very reason. ebay's fee structure is a little out of whack. I was wondering about potential demand on sites like this one and others. |
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Pillar of the Community
Canada
3692 Posts |
Quit being obsessed with melting metals. You have what you have in a recognizable form already.
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Valued Member
United States
103 Posts |
I would keep the pre decimals in coin form, and unless the flat ware is unusable, dent, marred, I wouldn't melt it either.
Jmho
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Pillar of the Community
614 Posts |
Melt flatware but DEFINETLY keep coins.
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Pillar of the Community
United States
1721 Posts |
Here are my thoughts:
If you mail flatware to a refinery there are postal and insurance fees (cost money), you'll have to pay a refinery fee (cost more money) and then there is wait time plus there may be a return shipping fee. You may be able to find a local guy like a pawnbroker, jeweler who deals in precious metals, coin shop that takes all metals and work a trade. Of course you'll have to give more silver than you get but nobody will do it for free. It's just finding the deal you can live with. Keep in mind the pattern too. Queen Anne or Repousse or anything Tiffany (never melt Tiffany) can do over silver value, but by time you pay all your fees you can be back at melt or less.
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Pillar of the Community
United States
561 Posts |
I have to agree with NOT melting coins. Seems kind of pointless and the collector in me weeps a little whenever I hear someone speak of such things.
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Valued Member
United States
487 Posts |
I understand there are a lot of coin hounds here doubling as stackers. Just was thinking that moving (selling) sterling silver isn't easy in the first place. Just thought if you can make in into a different animal selling would get to be a little easier.
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Bedrock of the Community
13014 Posts |
Sterling silver isn't the easiest to move, the big problem is that any increase in price a bar will bring will more than likely be offset but the cost of the melting and having the bar made. You may have an easier sale with the bar but you may not have gained anything in profit and may even have cut into the profit depending on the associated costs
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Replies: 11 / Views: 1,465 |
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Posted 11/03/2012 08:06 am
