Silver question

[InThaBackGround]

All,

I have 46 pounds of Sterling I would like to move quickly. Any ideas???? I am for real. I would like to recycle it for GOLD. Prefer to work with individuals if at all possible as This was aquired overseas.

Thanks

 

[eric_cartman]

i would go to your local coin store and trade with them... they would probably be happy to trade you gold for silver.

or you could sell it on ebay.

 

[Mahkato]

All,

I have 46 pounds of Sterling I would like to move quickly. Any ideas???? I am for real. I would like to recycle it for GOLD. Prefer to work with individuals if at all possible as This was aquired overseas.

Thanks

From Nigeria?

 

[Dr.3D]

Just have to remember it isn't pure silver and adjust the price accordingly.

Sterling silver is an alloy of silver containing 92.5% pure silver and 7.5% other metals, usually copper.

 

[Trance Dance Master]

All,

I have 46 pounds of Sterling I would like to move quickly. Any ideas???? I am for real. I would like to recycle it for GOLD. Prefer to work with individuals if at all possible as This was aquired overseas.

Thanks

Acquired overseas...how specifically? Raid a pirate ship?

 

[Dr.3D]

If that is standard pounds, then that would be about 620.52 troy ounces of silver there.

 

[Gideon]

Will you take FRNs?

I'll give you the exchanged equivalent of 46 Pounds Sterling for the whole lot.

 

[InThaBackGround]

FRNs ore fine

I'll give you the exchanged equivalent of 46 Pounds Sterling for the whole lot.

And what would that work out to be a current market value? They are in two huge bars.

 

[Brown Sapper]

I feel you I have a statue over 50 lbs of 99.5 silver that I acquired in Mexico and been thinking of selling or converting to bars but am worried about not getting a good deal or people cutting off the top.

 

[rockjoa]

At melt value that should work out to
736oz * 11.87 = $8,736.32 but hyperinflation is likely happen soon so you'll want to get it to gold asap.

Since they are such big bars it may be hard to find a buyer, Since 1oz silver rounds are in very high demand try calling around to independent mints, they may offer you gold and silver coins as a exchange.

 

[Mahkato]

If that is standard pounds, then that would be about 620.52 troy ounces of silver there.

And what would that work out to be a current market value? They are in two huge bars.

If Dr.3D's math is correct, I think the silver content would be worth about $7500 (at $12/oz). What a dealer would actually give you for it, I don't know.

I feel you I have a statue over 50 lbs of 99.5 silver that I acquired in Mexico and been thinking of selling or converting to bars but am worried about not getting a good deal or people cutting off the top.

50 lbs is about 730 troy ounces. At $12/oz, it's worth about $8700.

Whether or not now is the best time to sell, I don't know that either. I'd hang on to it for a while I think, but what you do is up to you!

 

[Brown Sapper]

I kicking myself in the ass for not selling at $21 an ounce. Does anyone know anything about smelting I want to convert it into bars.

 

[rockjoa]

If your planning melting it down into smaller parts, I recommend consulting with a independent mint or dealer for trade instead. You should be able to trade it for smaller bars/coins. Also having a seal of the mint helps it preserve value and maintain trustworthiness.

There should be quite a few mints in the US, here is one that buys http://bullion.nwtmint.com/sellingbullion.php