The delays in shipping due to Christmas made me almost forget about some scrap Sterling on its way to me. It arrived right before and after Christmas, but in all the excitement and celebrating I forgot to open the packages until now.
Since the price of bullion has surged, I've resorted to buying Sterling silver under melt price. Anything usable and possibly able to be sold at a markup I will sell off to reduce my overall cost in purchasing the lots. Anything that doesn't sell gets sent off with the rest of the pieces to be refined into silver bars. Once those are returned back to me, I sell the bars to cover the cost of the lots I bought and keep the remaining silver bars as my payment for putting in all of the effort.
Here's what I got in these last couple of shipments.
I'm nice and try to remove as many stones as possible to make things easier for the refiner, so I'll be removing the stones from this broach probably this weekend.
If I come across a unique piece in a lot, I'll sometimes pick one or two pieces to keep for myself. Here's a unique pendant I found.
This is a very cool piece that you can see was hand-carved by someone. This takes a lot of talent. Silver is soft, but it's still not easy to make something so unique and with such attention to detail. This piece will go in the "pirate stash" along with other pieces I didn't want to see destroyed.
If you haven't tried scrapping, it's a lot of fun. You do have to be disciplined with your purchases, since you're unlikely to make any sort of profit if you aren't buying it well below spot price. If you can stick to it and find a good refiner near you, it's a great way to get cheaper silver than buying it retail.
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Where do you send your stuff off to be melted?
I send it to Prospector's Gold and Gems.
They're based out of Colorado.
https://prospectorsgoldandgems.com/silver-refining/
Thanks
You're welcome! 🙂
Say, what do you do with the stones?
!PIMP
Right now I'm just saving them since I have no way to tell if they're fake or real.
If you have suggestions on a way to test if they're fake, I'm open to advice! 😁
!BBH
!PIZZA
!ALIVE
Sending great vibes and Ecency votes your way.
Thank you!
!LUV
As you know, my first attempt didnt work out, but you encouraged me to try again
!BBH
!PIZZA
Don't give up! I always pass if the item is questionable. If it's not clearly marked and/or is magnetic, it's an easy pass. I may miss some possible deals, but I'll also avoid the fakes.
!BBH
!PIZZA
!ALIVE
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Nice haul for under melt! Silver will continue to surge with shortages and China restricting exports. That pendant is pretty cool, someone put a lot of effort into that thing. Glad you're saving that one from the refinery.
Taking those stones out might be a pain, I hope they come out easily!
!BBH
!PIZZA
!DOOK
Thanks! I think for the stones I'll attack it from the back using some small bolt cutters. That should hopefully loosen the stones up enough that they drop out when the support is cut away.
!BBH
!PIZZA
!ALIVE
That is a pretty cool pendant!
Thanks! I try to save the cool stuff! 😁
!BBH
!PIZZA
!ALIVE