mymindbeing
Member
Hello,
Over the past 5 years, I have been reading and practicing the refinement of precious metals. It took a while, (GF, Computer Scrap, IC Chips, pins, CPU's) but I finally made my first 1 oz button that XRF'd at .999956. (Beautiful blonde precip) Not necessarily looking to sell right now, but wanting to know what I could sell it for, I took it to my coin dealer. (FYI I have known this guy for 20 years and trust him) As he is a 3rd party gold buyer and a coin dealer, it is not his main business and not used to buying refined gold that is not marked, he said that he would have to buy it as scrap gold because he could not resell it as is to the public, and he would pay 65% of melt, (being honest) and told me that he sends it in and get 98% of melt.
My question, any recommendations other than ebay and all of it's fees, to get the 98% or somewhere around there for when I want to sell it. Lol.. As I refined a gram here and a gram there, I was thinking here is $50 or here is $100 bill , thinking I could just sell it down the street. Well .. cut that price 35%.. not so easy to swallow.. And I am weary so send my gold off in the mail without a respectable reference.
For reference I live in Wichita Kansas do not have a business license and do get to Kansas City every once in a while if anyone knows anyone there.
Thank you and advice is much appreciated.
Justin
Over the past 5 years, I have been reading and practicing the refinement of precious metals. It took a while, (GF, Computer Scrap, IC Chips, pins, CPU's) but I finally made my first 1 oz button that XRF'd at .999956. (Beautiful blonde precip) Not necessarily looking to sell right now, but wanting to know what I could sell it for, I took it to my coin dealer. (FYI I have known this guy for 20 years and trust him) As he is a 3rd party gold buyer and a coin dealer, it is not his main business and not used to buying refined gold that is not marked, he said that he would have to buy it as scrap gold because he could not resell it as is to the public, and he would pay 65% of melt, (being honest) and told me that he sends it in and get 98% of melt.
My question, any recommendations other than ebay and all of it's fees, to get the 98% or somewhere around there for when I want to sell it. Lol.. As I refined a gram here and a gram there, I was thinking here is $50 or here is $100 bill , thinking I could just sell it down the street. Well .. cut that price 35%.. not so easy to swallow.. And I am weary so send my gold off in the mail without a respectable reference.
For reference I live in Wichita Kansas do not have a business license and do get to Kansas City every once in a while if anyone knows anyone there.
Thank you and advice is much appreciated.
Justin