Best pay out and refiner for sterling silver

[mikewallace]

Hi everyone can anybody recommend me a good refiner for silver, i tried RMC which gave me 95% on over 3000 grams, but there was a 0.7% melt loss and the the assay was 91.55%, everything was clean silverware from well know names, is this normal, do you guys think i can get a better deal or should i be content.

 

[NobleMetalWorks]

Hi everyone can anybody recommend me a good refiner for silver, i tried RMC which gave me 95% on over 3000 grams, but there was a 0.7% melt loss and the the assay was 91.55%, everything was clean silverware from well know names, is this normal, do you guys think i can get a better deal or should i be content.

95% of spot on silver is great!

Was all the silverware the same type? You mention it was all well known names. At different times, different manufacturers may have used different silver alloys. Or it just come be a few of those well named items had lower silver content than others. Unless you are assaying each piece, you would not know.

Only a .7 melt loss on 3000 grams? So you lost about 21 grams, you lost about $21-22 dollars. You add that $22 to their 5% which is $150 you paid $172 dollars to refine 3000 grams. That's not a bad deal at all. That's actually very good to be honest.

Scott

 

[mikewallace]

Yea i figures it was a good deal, it was 3400 grams, i lost 24 grams, i'm new at this and thought the assay would come out to 92% since names like kirk&sons, gorham and towl.

 

[EDI Refining]

that melt loss and that assay for clean sterling flatware - looks right inline

 

[nickvc]

I gather that in the USA they allow slight under assaying,below plum well on gold, also if the items have been soldered during their manufacture the solders are below assay or they would not run.
If it helps that sort of assay is what I would expect here in the UK too and over here we have no leeway on assays so I think you did well.

 

[element47.5]

That's better than I've ever gotten sending in sterling. By a lot. Consider the following settlement statement, from that co. that starts with an "M". I caught a highish price on the silver, but look at my pot loss! And assay! My sterling turned into coin silver in their hands. Amazing, huh?

 

[mikewallace]

That's better than I've ever gotten sending in sterling. By a lot. Consider the following settlement statement, from that co. that starts with an "M". I caught a highish price on the silver, but look at my pot loss! And assay! My sterling turned into coin silver in their hands. Amazing, huh?

if your talking about midwest, they are thieves, they will lock you in on the lowest price and keep the highest prices for them, melt loss should never be more then 1% on clean quality sterling, look like that's not enough for them, they charge you an extra 1% on assay, stay away at all costs, which is costing you a good amount.

 

[element47.5]

Yes, yes, yes, yes, and yes!

I much prefer trading scrap sterling with Jay, scrapman1077 on here, and have done so to the tune of ~~200 oz. The deals have gone perfectly and he flips the material around as fast as it's possible to do. Great deal and straight-up guy.

 

[RGJohn]

Yes, yes, yes, yes, and yes!

I much prefer trading scrap sterling with Jay, scrapman1077 on here, and have done so to the tune of ~~200 oz. The deals have gone perfectly and he flips the material around as fast as it's possible to do. Great deal and straight-up guy.

I endorse every word of this.
For silver, always Jay and only Jay.
Although he does do all other metals also.
John