Silver scrap refining continues to have volume limitations. Our capacity has increased slightly over the last month. In turn, we are raising our weekly silver purchasing limit from 200 t/oz to 500 t/oz. These limits may change at any time due to market conditions. We expect some form of refining limits to be in place through 2027 Q1. The spreadsheet below lists different silver items and their status:
Sterling- Clean Marked
Subject to Limit
Sterling- Unmarked, Pealed, etc.
Subject to Limit
90% Silver Flatware
Subject to Limit
Sterling Jewelry (clean, no stones)
Subject to Limit
Sterling Jewelry (stones, junky, etc.)
Subject to Limit
80% Silver (by weight)
Subject to Limit
.999 Marked
UNLIMITED
.999 Unmarked
Subject to Limit
.999 LBMA Eligible 10oz-100oz only
UNLIMITED
90%/40% Coins
UNLIMITED
Sterling Silver Knives
UNLIMITED
Silver Melts (must be 80% purity min)
Subject to Limit (Gross t/oz)
War Nickels/Canadian 50%
Not Purchasing
CURRENT TURNAROUND TIMES
– Gold Scrap/Gold Melts/Gold Bullion 1-2 days after arrival
– Silver Scrap 1-3 days after arrival
– Silver Melts 2-3 weeks after arrival
Enjoy the rest of this week. GOBILLS!
Thomas Dzielski, CPA Director of Wholesale Operations Jack Hunt Coin Broker Inc.