Your First FAQ Question

Trading Partners,

As summer is nearing the end, we are seeing the United States face new financial challenges resulting in accelerated increase gold and silver prices.  In the last 5 weeks silver is up nearly 24% while gold is up 16%.

We’ve been able to operate without silver scrap limits for the last two months.  The amount of scrap silver liquidations in the last week requires us (and others) to adjust to the market conditions. Starting Monday, August 24^th JHCB will limit silver purchases to 200 toz of scrap silver per week per customer.  Some categories will remain unlimited.  Limits are 200 gross toz in aggregate (NOT 200 t/oz per category).   The table below outlines the different silver categories and their status.

CURRENT TURNAROUND TIMES

• Gold Scrap/Gold Melts/Gold Bullion 1-2 days after arrival
• Silver Scrap 2-3 days after arrival
• Silver Melts 2 weeks after arrival

We will continue to adjust as needed to provide liquidity to the marketplace.  Please watch our website daily for updates.  Have a good trading week.

Thomas Dzielski, CPA
Director of Wholesale Operations
Jack Hunt Coin Broker Inc.