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Scrap silver meltdown price

 
SEA1960
User ID: 11620858
United States
07/17/2012 03:38 PM
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Scrap silver meltdown price
Want to sell a silver chafing dish that weighs 6 pounds. Did meltdown conversion and it says it is worth $1800. CAn this be right? How much can I really expect to get for it?
Anonymous Coward
User ID: 975817
United States
07/17/2012 03:41 PM
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Re: Scrap silver meltdown price
Price set to go much higher soon.
Anonymous Coward
User ID: 19901267
United States
07/17/2012 03:44 PM
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Re: Scrap silver meltdown price
depends on where you sell it. put it on ebay and you will get very close to spot price however after fees you will be down about 10% you can except to clear aleast 1550 1600. otherwise you have to take it to a metal buyer and will be lucky if you can find one to give you 75%.
Anonymous Coward
User ID: 6376876
United States
07/17/2012 03:51 PM
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Re: Scrap silver meltdown price
Want to sell a silver chafing dish that weighs 6 pounds. Did meltdown conversion and it says it is worth $1800. CAn this be right? How much can I really expect to get for it?
 Quoting: SEA1960 11620858


Prolly not, duder. More than likely it is plated, not pure silver. For your sake, I hope it is, but I very much doubt it. Silver is weighed in Troy ounces and pounds (12 Troy ounces to a Troy pound). 6 lbs of pure silver is 8 lbs Troy. 8 pounds Troy is 96oz. So theoretically, the melt value would be even greater than 1800, assuming that the dish is .999 silver, which I highly doubt that it is. Good luck all the same. I would sit on it as long as you can. Someday the metal market is going to bust loose, but not today.
Factual Error

User ID: 19116606
United States
07/17/2012 07:34 PM

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Re: Scrap silver meltdown price
If it is sterling silver (.925), then your 6 pound tray is worth $2,218.

According to this site:

[link to silverrecyclers.com]

google "sterling hallmark" to see the mark you're looking for.
Not intended to be a factual statement.

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