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 Replies: 17 / Views: 4,138 |
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Valued Member
Canada
74 Posts |
Anyone know any trust place or website to send in the silver/gold coin for refinery ?
*** Moved by Staff to a more appropriate forum. ***
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Pillar of the Community
Australia
7096 Posts |
I could never see the sense in paying a refiner to refine and melt coins of a known weight and purity.
Seems to me like a waste of time and in the process there is every chance coins with a numismatic interest/value get destroyed.
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Rest in Peace
United States
4078 Posts |
 How can you have a gold coin ready for melt? Reality setting in as Trout said Quote:
I could never see the sense in paying a refiner to refine and melt coins of a known weight and purity. Granted it can be done but, a lot of cost factors need to be looked at. |
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Valued Member
United States
410 Posts |
Do you want to sell to a refiner or have a refiner turn your gold into something else?
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Pillar of the Community
Japan
666 Posts |
you can melt a coin and make a bar
but
you cannot melt a bar and make a coin
if you are not a mint
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Pillar of the Community
United Kingdom
616 Posts |
Remember whoever smelt it dealt it.
Edited by starbuxinvestor
07/09/2013 10:41 am
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Bedrock of the Community
Australia
21786 Posts |
I entirely agree with trout 1105.
Why pay the costs of refining, unless you really need the pure silver, for some industrial process? THEN it will cost you more than an ASW price, unless that has already been factored in, with a discount buying price.
Who wants to sell their scrap silver for less than melt ASW price?
Better to trade them for their actual silver weight, and save refining costs.
The purity of silver in coins was very accurately controlled.
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Pillar of the Community
Australia
852 Posts |
Everybody who answered the OP only opined why they wouldn't get the coins melted, but can someone answer the OP of how/where you can get them refined?
I love my junk silver, but there is still maybe over 1000 ounces (ASW) that is junk. Bent, corroded, acid dipped, pierced and without any redeeming feature (such as scarce date, mint mark, error or variety). That stuff that I stack for the silver value.
So how do you get a nice 1000 ounce .999 ingot cast at an honest refiner?
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Bedrock of the Community
Australia
21786 Posts |
Trade your scrap silver, and BUY the biggest poured silver bar for the price in the exchange.
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Valued Member
United States
410 Posts |
I asked what the OP wanted to do (sell to a refiner, or have a refiner make something from his gold/silver). No reply. Without knowing what he wants to do it is hard to make a recommendation. If he wants to sell: http://www.midwestrefineries.com/If he wants his gold refined into something else I don't know of anyone that does that except for a local jeweler. My wife's wedding ring was custom made and we supplied the gold in the form of salvaged gold wire. I doubt a jeweler would be interested in pouring bars. Edited by JSH
07/12/2013 1:38 pm
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Pillar of the Community
United States
808 Posts |
I think some forum members in the past have discussed creating their own bars and rounds using everything from scrap silver to junk coins that have lost their numismatic value. I can't speak for the OP but I'd see doing something like this is a hobby experiment rather than an investment.
At least he's considering using a refinery. Sounds much MUCH safer than someone wanting to handle molten metal at home.
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Valued Member
 Canada
74 Posts |
Cause I got some little junk coins at home. Seems hard to make the trade around my area.
So was thinking about refine it and put into safety box. .
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Pillar of the Community
United States
1195 Posts |
What is the nature of these little junk coins.
If you are going to put them into a safety box, why do you need to melt them? Could you not just put them into a ziplock bag and put in the box?
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Pillar of the Community
United States
3079 Posts |
Silversmithing, and jewelery work has scrap filing,dust, assorted pieces. This is the best site to find a list of the better companies that are in that line of work. They include companies that will refine the gold and silver dust out of the carpet in the work rooms of shops. http://www.ganoksin.com/site-map.htm Since you have Canada listed best way would be to join and ask your question there. You will save time, and get good info. Another way is find a local that does silver smithing/casting and see if they can or will do it and maybe you can watch. Problem with the refineries is you will have to find one that does batch work. Generally people don't care if it is their silver just the amount for the price etc. Since they are running a biz and they will run the melter at capacity for profit sake. Or you can buy a small melting furnace and do it your self, they start for under $600. http://www.ottofrei.com/Kerr-Electr...ng-Supplies/ Or a crucible and oxygen/fuel torch. And do it yourself. |
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Valued Member
United States
487 Posts |
Company's name is Market Harmony. You can Google it. The gentlemen started his business in 2007 and is excellent in his craft. Seek him out a see if it is a fit.
Edited by rastatodd
07/20/2013 08:56 am
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Valued Member
United States
239 Posts |
Because I would be worried about the re-sale problems with a home-made ingot, I too would opt to sell the coins as is and take that money to buy a well known bar.
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Replies: 17 / Views: 4,138 |
Posted 07/08/2013 3:58 pm
