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Good morning, as of Monday, July 20th we have secured additional refining capacity and are able to adjust our buy prices higher on most silver scrap items. The new buy rates are listed below:
Type
Rate Formula
Sterling- Clean Marked
Scale Weight x Spot x .845
Sterling- Unmarked, Pealed, etc.
Buy via Melt only- see below
90% Silver Flatware
Scale Weight x Spot x .81
Sterling Jewelry (clean, no stones)
Scale Weight x Spot x .80
Sterling Jewelry (stones, junky, etc.)
Buy via Melt only- see below
80% Silver (by weight)
Scale Weight x Spot x .71
.999 Marked/Unmarked
Scale Weight x Spot x .965
.999 LBMA Eligible 10oz-100oz only
Scale Weight x Spot x .975
Silver Melts (Min. Purity 80% – Min. 100oz Gross)
Melt Weight x Assay x .92 + .75¢/oz gross incoming weight charge If < 80% assay material may be rejected
As always, we will continue to process your material quickly and get you paid right away. Thank you and have a great trading week.
Thomas Dzielski, CPA Director of Wholesale Operations