LongJohnSilver1
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Here's the silver coins and jewellery I've found so far this year, what do you do with it? I've found the buy prices for silver are terrible, 50% of spot. Maybe make something out of it?
What do you do with your silver?
- Thread starter LongJohnSilver1
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I scrap it when I collect enough... I don't find the pretty designer silver Felix finds.... although I did find a Tiffany locket I sold to someone for a $60 years ago... these days just scrap everything locally... fishing weights I get a dollar a pound for them... one guy bought a 180 pounds I had saved up....
If you don't have a rock tumbler go to Harbor Freight and buy an inexpensive one. Tumble all those sliver rings and sell them. Small thin bands sell for me between $10-$15 on eBay. I mail those out in a regular envelope with regular 55 cent postage. Place the ring in some card stock taped so it doesn't move around and the outline of the ring can't be felt. Nicer designed bigger ones go from $15 -$20 (Maybe more if unusual). Those I'll spend the $4 postage. To keep costs down, I reuse all my Amazon packaging for my eBay sales. Regardless of what you make it'll be a lot more than scrap.
ADDED: I'd also clean up that silver and offer the silver locally. Someone will be willing to pay 85%-90% for that.
ADDED: I'd also clean up that silver and offer the silver locally. Someone will be willing to pay 85%-90% for that.
LongJohnSilver1
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Interesting, I've got a load more silver rings but it's always seemed too much of a pain to clean them to sell. I have a tumbler that I use on coins, what kind of shot should I see to get a bright finish on silver rings?
sexton
Forum Supporter
ill pay 85% spot and pay shipping
Felix sold me some last year
Felix sold me some last year
I use aquarium gravel that I had lying around and a some drops of dish soap.
I didn't want to mention any names!
Martin_V3i
Elite Member
Simple driveway gravel works.I use aquarium gravel that I had lying around and a some drops of dish soap.
I didn't want to mention any names!
Beachhunt1
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Good tumbling media.
https://www.amazon.com/Stainless-Tumbling-Jewelers-Tumbler-Finishing/dp/B011LKAYSA
https://www.amazon.com/Stainless-Tumbling-Jewelers-Tumbler-Finishing/dp/B011LKAYSA
Beachhunt1
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Good question. The spot prices are much better in the US. They are 90% at most refiners. Myself, I have never sold any silver. There must be 8-quart bags stuffed full of the stuff. Hoping for the 50$ plus area to return someday!
Cherry Picker
Forum Supporter
I sell most of my gold & silver. I have a friend who buys it for investment. We haggle over value, but I generally get 90% or more.
Rock Jock
Elite Member
APMEX will buy your silver coins if they amount to more than $1000 face value. They DO NOT buy smeltables such as .925 jewelry.
www.apmex.com
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metaladdict
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Midwest refiners in Michigan pays about 90% fir silver I believe.
LongJohnSilver1
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Yeah, I melted a bunch of it down into bars because storing it all become an issue, but I like the idea of selling it so I might give the tumbling idea a go, as much as I hate Ebay
hoser
Forum Supporter
Ya'll are not thinking straight! You amass a lot of old silver coins, silver and gold jewelry until you have quite the trove of treasure. Find a very remote place to bury it, and then sell obscure hints to where it's buried. You'll make more money than scrapping it out. Let someone else worry about cleaning it up. Just kidding. 
I don't find enough jewelry to worry about doing the scrap thing.
I don't find enough jewelry to worry about doing the scrap thing.
Diga
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Mine the miners!
LongJohnSilver1
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You wouldn't be far wrong.Ya'll are not thinking straight! You amass a lot of old silver coins, silver and gold jewelry until you have quite the trove of treasure. Find a very remote place to bury it, and then sell obscure hints to where it's buried. You'll make more money than scrapping it out. Let someone else worry about cleaning it up. Just kidding.
I realised something last night - 12 pence would buy a loaf of bread an 1L of milk in 1940. Today 12 pence at face value is worth $5.04, and it costs $5.10 to buy that same loaf and milk.
But the value of the silver at spot price in 12 pence, is worth $7.22
If I just sit on the treasure, it'll be worth more
Cherry Picker
Forum Supporter
I have done that actually. Some 20 years ago I took some of my very best finds and buried tham. I left clues in several books in the library and got the news of the "Adams Treasure" out to the public. I want people to enjoy the hunt & hopefully the find as I did. There is one container in the box with over $2,000 worth of silver. I have seen posts about people who have looked for it over the years.Ya'll are not thinking straight! You amass a lot of old silver coins, silver and gold jewelry until you have quite the trove of treasure. Find a very remote place to bury it, and then sell obscure hints to where it's buried. You'll make more money than scrapping it out. Let someone else worry about cleaning it up. Just kidding.
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TheFrood
Forum Supporter
LovestheShiny!
Forum Supporter
Arrrrrrrrh me Laddies! I sends me silvah to a pirate friend on some long lost Caribbean Island, where rumors say Long John Silver buried some treasure. He found a chest of it there and adds me silvah to the trove!
Scubacat
Elite Member
That's a lot of silver coins!
