from what I've seen....that's pretty intensive...BUT doable
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Official ODT Silver Thread
- Thread starter roscoe1911
- Start date
You are essentially cutting its value in half.
What I mean by that is its going to cost money to have it reported, and nobody will buy an un-stamped or unknown stamped bar with an assay report, which costs money. The only smelter I know of won't smelt it without you having a dealers license.
List them at spot prices and mostimely they will move quick.
I see what you are saying but if we/the wife is to melt grandmas and great granny's stuff, we still have it. We have no Baisis in it. Have it reported?
But who would do it? I assume there would be a fee. They have a business to run for a profit, I get that along with the cost of melting. Is there such a company? We don't need the silver to retire or live on. Hell the stuff in the safe now will be a surprise to our daughters when we are gone. They don't want 150 year old platters and pitchers with great aunt Suzie's ex husbands initials on them.
Sell it at premium price and buy bullion or coins.
I sold some foreign coins that were either 92.3% silver, sterling silver, or some other circulated coins never intended for collectors that were either 50% or 80% silver. I took these coins to four different dealers and called another three or four and spoke to them over the phone without making the drive.
One dealer paid a little bit less than that day spot price for them,
while another dealer paid just a little more than spot because I also threw in various proof sets of foreign
{theoretically collectible} coins that included many non-silver coins.
I still think that .999 pure silver bullion in the form of 1 or 2 ounce coins
and 1 to 10 ounce bars is your best bet.
Unless you just enjoy the research behind coins, or you like to play the market with complex calculations of multiple variables,
and you see that as a hobby to derive pleasure from above and beyond how it may increase your wealth.
One dealer paid a little bit less than that day spot price for them,
while another dealer paid just a little more than spot because I also threw in various proof sets of foreign
{theoretically collectible} coins that included many non-silver coins.
I still think that .999 pure silver bullion in the form of 1 or 2 ounce coins
and 1 to 10 ounce bars is your best bet.
Unless you just enjoy the research behind coins, or you like to play the market with complex calculations of multiple variables,
and you see that as a hobby to derive pleasure from above and beyond how it may increase your wealth.
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