Bushka said:As the title says, what do you do with the sterling you refine? Do you have a use for it other than as an investment for the future? Is it worth anything more after refining?
Just curious!
Dan
As rusty have posted the link, go and do the calculations on .925 silver and .999 silver. Do the same with gold and other materials. The purer it is, them more it's worth.rusty said:Bushka said:As the title says, what do you do with the sterling you refine? Do you have a use for it other than as an investment for the future? Is it worth anything more after refining?
Just curious!
Dan
http://dendritics.com/metal-calc/
Bushka said:Interesting site. BUT, sterling spot is $27 and 999 spot is $29. At $2/ozt difference, you'd make $200 more on 100 ozt of 999 silver. It seems the nitric acid and other materials would cost that much just to get it to 999. No???
mikeinkaty said:If you plan on making a profit refining silver then you need to look somewhere other than eBay for your sterling.
Mike
Interesting site. BUT, sterling spot is $27 and 999 spot is $29. At $2/ozt difference, you'd make $200 more on 100 ozt of 999 silver. It seems the nitric acid and other materials would cost that much just to get it to 999. No???
Bushka said:Interesting site. BUT, sterling spot is $27 and 999 spot is $29. At $2/ozt difference, you'd make $200 more on 100 ozt of 999 silver. It seems the nitric acid and other materials would cost that much just to get it to 999. No???
Bushka said:That's what kind of confused me. It seems sterling is expensive, too. How do you find scrap sterling and make a profit by refining it to 999?
Dan
element47.5 said:Interesting site. BUT, sterling spot is $27 and 999 spot is $29. At $2/ozt difference, you'd make $200 more on 100 ozt of 999 silver. It seems the nitric acid and other materials would cost that much just to get it to 999. No???
Just a nit to pick w/your post...assuming zero losses, which is fantasy, the silver within a given weight of sterling will weigh 92.5% as much as the same amount of .999 silver. Eg; start with a kilogram of .925 silver, you'd "expect" to to end up with 925 grams of .999 if refined from that kilo of silver.
What's the nit? Are saying that they pay $27 for the sterling, but only pay $27 for 92.5% of it?
Bushka said:Interesting site. BUT, sterling spot is $27 and 999 spot is $29. At $2/ozt difference, you'd make $200 more on 100 ozt of 999 silver. It seems the nitric acid and other materials would cost that much just to get it to 999. No???
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