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Scrap Silver

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Author Previous TopicReplies: 3 / Views: 1,557Next Topic  
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MetDet71's Avatar
United Kingdom
1567 Posts
 Posted 09/11/2013  6:43 pm Show Profile   Check MetDet71's eBay Listings Bookmark this topic Add MetDet71 to your friends list Get a Link to this Message Number of Subscribers
Hi all.
I buy a lot of silver and gold jewellery to sell on using sites such as ebay as well as private. A lot of the time I get stuff that is broken. I am thinking it may be worth me saving this up and maybe melting it down to form 1 KG bars at some point for me to save. Is this something I can do myself, or is it something that I need to have a company do so I have the bars marked in some way?
You will never soar like an eagle if you hang around with turkeys.....
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 09/11/2013  10:35 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
If you are selling it on, you would be best keeping it as is, and selling in smaller amounts.
That would especially apply to gold items, where the spend size can be kept smaller, to the buyer's convenience.
If your stash is melted, you are up for melting fees. If you wish to have the metal purity of any bar you may wish to sell recognised, assay fees would also be involved.
Most small gold and silver trinkets have a mark of purity on them anyway. That would be lost if you had them melted.
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Fat Freddy's Avatar
United States
1200 Posts
 Posted 09/12/2013  09:15 am  Show Profile   Bookmark this reply Add Fat Freddy to your friends list Get a Link to this Reply
Like sel said -- anything you have done for you will be done for a charge, so getting your scrap jewelry recycled into bars won't happen for free.

That being said... Walker Silver will melt down sterling silver and cast it into unique (and I think kind of neat) ingots for you -- stamped with their
ID and the .925 purity ID, so what you get back is identifiable, credible sterling. Check out -- http://walkersilver.com
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MetDet71's Avatar
United Kingdom
1567 Posts
 Posted 09/13/2013  04:59 am  Show Profile   Check MetDet71's eBay Listings Bookmark this reply Add MetDet71 to your friends list Get a Link to this Reply
Thanks guys.
You will never soar like an eagle if you hang around with turkeys.....
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