Terrible Luck Trying To Sell 3.5lb Bar Of Silver, Please Help

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Author	Replies: 9 / Views: 2,175
Mxs8106 New Member United States 2 Posts	Posted 07/06/2022 12:32 am So I have a roughly 3.5lb bar of silver that belonged to a family member who was a silversmith and made custom jewelry. It has no markings just melted down into a smooth block, maybe 4-5in square and about an inch thick. I took it to a couple of different shops locally to get prices on its worth. The first shop did some test and weighed it in a water bath device and was at least honest enough to tell me that it tested higher than 92.5% but would have to do chemical test to nail down the exact silver content. Long story short, as I looked up the price of sterling online and each shop only offered me roughly 30-50% of its value for the going price of sterling on that day. When I said that's about half of what it's worth they would say something like gotta leave some meat on the bone for me. Of course I just held on to the bar, but what kind of price (relative to the going price for sterling) should I be looking to get and what are some reputable places who buy unmarked bars such as this? Thanks in advance Report this Post to the Staff

Pacificoin Pillar of the Community Canada 5395 Posts	Posted 07/06/2022 12:37 am Needs to sent to a legitimate refinery for assay . Then sold for the proper price on melt Report this Post to the Staff
NumismaticsFTW Pillar of the Community United States 2282 Posts	Posted 07/06/2022 01:47 am Unless you know someone willing to take the chance and purchase it without knowing, you're going to have to spend money and getting it assayed. You realize when you know how to think, it empowers you far beyond those who know only what to think. -Neil deGrasse Tyson Report this Post to the Staff
John1 Moderator United States 56855 Posts	Posted 07/06/2022 03:51 am Mxs8106, to CCF. John1 Report this Post to the Staff
Zurie Pillar of the Community United States 5674 Posts	Posted 07/06/2022 03:54 am Try Midwest Refineries, they will assay it and give you at least 90% of silver value for a high purity bar. Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21788 Posts	Posted 07/06/2022 06:44 am Any specialist bullion dealer worth his salt should have a hand held XRF gun. XRF should prove if .925 fine, or, as I would expect as a result of density testing, .990 or better. I would think that an assay test by a silver refiner would cost more than an XRF test. Nevertheless, ask a silver refiner how much they think that the silver may be really worth. That should be the cost of a telephone call. Both lots of testing should give more credence to getting much closer to an ASW melt price. You did the right thing in refusing the 30%-50% offer, which was waaaay to low. Report this Post to the Staff
Dearborn Moderator United States 96800 Posts	Posted 07/06/2022 08:00 am I'm sure interested in the results you get after an assay or XRF test. If you do manage to sell it, please report back here. Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
Mxs8106 New Member United States 2 Posts	Posted 07/06/2022 2:12 pm Thank you so much for your help guys, this is the exact information I was looking for and I will post updates on what comes of it from here. So the assay seems to be the proper way to determine what the purity of a bar is, is this an expensive process? What does a service like that cost? Thank you again for all the help Report this Post to the Staff
Zurie Pillar of the Community United States 5674 Posts	Posted 07/06/2022 2:35 pm Midwest Refineries will automatically assay a bar like that to determine the silver content. Give them a call. https://www.midwestrefineries.com/s...yer-brokers/ Report this Post to the Staff
jbuck Moderator United States 188952 Posts	Posted 07/06/2022 2:48 pm to the Community! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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