Silver shot/grain

[JinKesef]

Anyone know where I can buy some cheap silver shot/grain? 

[Bimetallic]

16 hours ago, JinKesef said:

Anyone know where I can buy some cheap silver shot/grain? 

Where are you? In the US, RioGrande.com is one place.

[STONE]

What do you mean by cheap? Making silver shot still involves a process that will always keep it around .50 to.75 or more over spot. I think there is a common misconception out there that since its not in coin or bar form it can be bought a lot cheaper. Based on the prices I have seen you would be better off buying 1000 ounce or 100 ounce generic bars and melting down what you need if you will be pouring your own.

For those looking to invest in shot/grain instead of bullion:

Problems with Determining Authenticity and Assaying with Silver Grain

Silver grain is a poor investment or inflation hedge partly because a sea of tiny, shimmering nuggets of silver, no matter how beautiful they are, is very difficult to either authenticate or assay. For this reason, it is extremely hard to sell silver grain on the usual silver market, and companies like APMEX will not buy silver grain, only sell it. In fact, they will not buy back the very grain they sold.

Since silver grain just consists of many hundreds or thousands of tiny, irregular spheres of metal, there is no identifying mark on it. Silver bullion coins can be examined for authenticity because they bear a struck image, inscriptions, dates, reeding, and other designs that make the process of determining if they are genuine silver bullion coins with a .999 fineness easy and straightforward. Silver grain is made up of anonymous fragments of metal, however, and there is no way to tell simply by looking if all the grain in the bag is silver or not.

Assaying silver grain is a nightmarish prospect, and is, basically, impossible. Each grain would have to be individually assessed, tested, weighed, and cataloged as genuine. Since there are hundreds of grains, and possibly thousands, in any given bag, assaying might take weeks and would surely cost many times the value of the silver itself. The process would take weeks and would cost far more than the silver itself is worth, at least at this point in time.

With no way to easily prove that the silver grain you possess is actual silver, you are likely to encounter serious liquidation problems if you ever attempt to divest yourself of the metal. The company you bought it from will not buy it back, because of the hideous difficulty of determining if the silver you are offering them has been mixed with lesser metals – or even worse, alloyed, which would be extremely difficult to detect with thousands of tiny pieces of silver to be assayed.

[JinKesef]

7 hours ago, Bimetallic said:

Where are you? In the US, RioGrande.com is one place.

Yup I’m in the us

[JinKesef]

6 hours ago, STONE said:

What do you mean by cheap? Making silver shot still involves a process that will always keep it around .50 to.75 or more over spot. I think there is a common misconception out there that since its not in coin or bar form it can be bought a lot cheaper. Based on the prices I have seen you would be better off buying 1000 ounce or 100 ounce generic bars and melting down what you need if you will be pouring your own.

For those looking to invest in shot/grain instead of bullion:

Problems with Determining Authenticity and Assaying with Silver Grain

Silver grain is a poor investment or inflation hedge partly because a sea of tiny, shimmering nuggets of silver, no matter how beautiful they are, is very difficult to either authenticate or assay. For this reason, it is extremely hard to sell silver grain on the usual silver market, and companies like APMEX will not buy silver grain, only sell it. In fact, they will not buy back the very grain they sold.

Since silver grain just consists of many hundreds or thousands of tiny, irregular spheres of metal, there is no identifying mark on it. Silver bullion coins can be examined for authenticity because they bear a struck image, inscriptions, dates, reeding, and other designs that make the process of determining if they are genuine silver bullion coins with a .999 fineness easy and straightforward. Silver grain is made up of anonymous fragments of metal, however, and there is no way to tell simply by looking if all the grain in the bag is silver or not.

Assaying silver grain is a nightmarish prospect, and is, basically, impossible. Each grain would have to be individually assessed, tested, weighed, and cataloged as genuine. Since there are hundreds of grains, and possibly thousands, in any given bag, assaying might take weeks and would surely cost many times the value of the silver itself. The process would take weeks and would cost far more than the silver itself is worth, at least at this point in time.

With no way to easily prove that the silver grain you possess is actual silver, you are likely to encounter serious liquidation problems if you ever attempt to divest yourself of the metal. The company you bought it from will not buy it back, because of the hideous difficulty of determining if the silver you are offering them has been mixed with lesser metals – or even worse, alloyed, which would be extremely difficult to detect with thousands of tiny pieces of silver to be assayed.

I was just trying to get some stopover shot/grain so I can use it to pour bars and round