closed .925 scrap silver under spot!

[GoldElliott]

Evening 

I have the following .925 silver scrap for sale. 

**the coins are all in awful condition and many have been drilled etc- these coins are for scrap silver and the price reflects this.**

43g (1 5/8oz) net weight = 39.78g pure silver at current spot is £18

Asking for £15.50 plus p+p

Thanks for looking 

[dimodae]

Just a comment. For the scrap of scrap like this

(I fail to see this as a coin.. these are metal Pieces with very very high silver content)

U have to consider 20% melting cost and brokerage fee + you pay postage + time wasted (opportunity cost) 

 

[GoldElliott]

6 hours ago, dimodae said:

Just a comment. For the scrap of scrap like this

(I fail to see this as a coin.. these are metal Pieces with very very high silver content)

U have to consider 20% melting cost and brokerage fee + you pay postage + time wasted (opportunity cost) 

 

I was unaware of 20% melting cost- I thought people melted their own silver at home as I've seen hand poured items for sale on here before and priced 15% below spot I thought the price fair. If there is no interest at this price ill withdraw

[Draconicus]

Sorry, just want to learn too... Why it's not coins but "metal pieces" instead?

They are not medals but looks exactly as coins! Even coins can be sell as trash Silver, and in that way ppl will just ignore it's numismatic valour. I'm I wrong?

And also why the 20% obligation? There's many ppl here who melt Silver in they're houses...

[MikeG1978]

I am looking for a mini furnace to do just that 

Will then be googling techniques etc from @BackyardBullion

Looks like a great hobby to start 

[ilovesilverireallydo]

2 hours ago, elliotthuntt said:

I was unaware of 20% melting cost- I thought people melted their own silver at home as I've seen hand poured items for sale on here before and priced 15% below spot I thought the price fair. If there is no interest at this price ill withdraw

Dont withdraw its a fair price. Most dealers will pay between 85-95% of spot. My current scrap dealers in Birmingham will pay £16 for that lot. 

@dimodae please stick to the rules when posting on peoples sales posts. 

 

[dimodae]

50 minutes ago, Draconicus said:

Sorry, just want to learn too... Why it's not coins but "metal pieces" instead?

They are not medals but looks exactly as coins! Even coins can be sell as trash Silver, and in that way ppl will just ignore it's numismatic valour. I'm I wrong?

And also why the 20% obligation? There's many ppl here who melt Silver in they're houses...

Sorry. Some of my personal comments needs explanation.

 

From my standard, one with holes, bent and Worn to be shiny surfaced coins are not coins. They may look like one.. but falls out of the category of even "junk silver coin" because the least intrinsic value (weight of silver) is often inaccurate due to wear.

The 20% melting fee .. i meant to say when u scrap them to nearby silver sellers. You will be shocked by how many percentage they charge for buying scrap silver

[ilovesilverireallydo]

48 minutes ago, Draconicus said:

And also why the 20% obligation? There's many ppl here who melt Silver in they're houses...

Its a misformed opinion. Refining costs are 10%. These coins are coins and fine as low value scrap and very reasonably priced. 

[GoldElliott]

Just now, dimodae said:

Sorry. Some of my personal comments needs explanation.

 

From my standard, one with holes, bent and

Worn to be shiny surfaced coins are not coins. They may look like one.. but falls out of the category of even "junk silver coin" because he least intrinsic value (weight of silver) is often inaccurate due to wear.

The 20% melting fee .. i meant to say when u scrap them to nearby silver sellers.

You will be shocked by how many percentage they charge for handling fee

They are coins in that they are shillings, sixpence, florins etc. The markings are still visable and the coins identifiable. 

Looking on bullionbypost they offer around £13.

Thanks for the input everyone, I'm new to selling scrap silver so this is a learning experience for me

[MikeG1978]

They are well price to melt down only downside would be postage

Good luck with the sale 👍

[dimodae]

Sorry. Maybe i am the one that is ignorant here maybe scrapping silver should not be done so hastily to neaby silver shops..hmmm.. i have scrapped some at such a low price i still get pissed off 

I was a bit drunk when i wrote that reply. How can i delete it ^^* 

[ilovesilverireallydo]

2 minutes ago, elliotthuntt said:

They are coins in that they are shillings, sixpence, florins etc. The markings are still visable and the coins identifiable. 

Looking on bullionbypost they offer around £13.

Thanks for the input everyone, I'm new to selling scrap silver so this is a learning experience for me

http://www.plusgold.com/contact/ They will give you a freepost service - so no postage costs if you want to scrap. Bullion by post gives the lowest. 

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Added 0 minutes later...

1 minute ago, dimodae said:

Sorry. Maybe i am the one that is ignorant here maybe scrapping silver should not be done so hastily to neaby silver shops..hmmm.. i have scrapped some at such a low price i still get pissed off 

I was a bit drunk when i wrote that reply. How can i delete it ^^* 

When in doubt speak to experts. A lot of us have years of experience. Had you asked me I would have helped you

[dimodae]

Thanks for the information!! I really needed this info. Surprised to see that 999 pure bullion and 500 british silver is bought at same price!

[ilovesilverireallydo]

1 minute ago, dimodae said:

Thanks for the information!! I really needed this info. Surprised to see that 999 pure bullion and 500 british silver is bought at same price!

Exactly why I stack it bud. 

[GoldElliott]

18 minutes ago, ilovesilverireallydo said:

http://www.plusgold.com/contact/ They will give you a freepost service - so no postage costs if you want to scrap. Bullion by post gives the lowest. 

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Added 0 minutes later...

When in doubt speak to experts. A lot of us have years of experience. Had you asked me I would have helped you

As a mistake I realised that one of the shillings was .500 and not .925 so I've decided to add another .500 shilling and 3d for free. 

Currently 12g of .500 and 38g of .925.

Can sell on the above website for £16.84.

If there are no takers I think I'll send to them but giving tsf first refusal and testing the waters as I have lots more scrap silver to sell in future. Thanks @ilovesilverireallydo for the site!

[oldbottleman]

If you do p/p.ff I.ll take em,in box wiv cheapest p.p.

Thanks

[GoldElliott]

5 minutes ago, oldbottleman said:

If you do p/p.ff I.ll take em,in box wiv cheapest p.p.

Thanks

Very sorry, someone beat you to it via PM by a couple of minutes

[oldbottleman]

O.k. Elliot,ta for letting me know..

Dont let the naysayers put you off putting junk silver up for sale,I get out bid most the time fot it on ebay!!