How to make Silver bars?

Kind of an odd question here...not sure if this is the right place to put this, but it doesn't really fit anywhere else, so...

Anyway, I've got a good deal of Sterling Silver flatware, which seems incredibly hard to sell for anywhere near the actual silver value. I was wondering if anyone knows if there are places that will melt down and purify sterling into fine silver bars? Or better yet, anyone know anywhere that will buy the sterling as is for somewhere close to the value of silver?

Thanks!

reply to post by James1982


you will be able to sell it for its true silver value at many places that specialise in buying metal. Its the same as taking copper for example to a scrapyard, just you need to find somewhere that buys silver. I'd check online, you dont want to pay for it to be made into bars, it wont be worth the money.

That's what I was worried about, the cost of melting it down. Oh well.

I just can't find anyone that will pay a decent price. I sold off a tiny bit at a Jewelry/pawn store but they didn't pay much. I called up a place I used to sell scrap steel, copper, etc a few years back and they say they only pay 60% of the silver value.

This is why I'm confused about people buying silver, how do they sell the silver if they want to cash out? Do they sell it at a huge loss? I just don't get why having less than 1% of non-silver in the sterling makes it worth almost half as much. If I could melt the stuff down myself I could make a killing by paying people more for their Sterling than anyone else, and selling off silver bars heh.

Anyway thanks again, and if anyone knows a place from personal experience that pays close to real value for silver please let me know!

Wait before selling selling your silver. According to Porter Stansberry Investment Research, because of the high rise of silver over the past months there may be a huge correction. My advice would be to keep it and buy some after the correction because it could go down near 20-25$ an ounce. With how much money the fed keeps on printing it maybe will go up again and break the 50$ barrier over the next months.

I would have put a link for the info but it is a newsletter which you need to pay to become a subscriber and be able to read it. I tought it would be a good idea to bring this up here as the subject concern silver.


Thruthseek3r

I'm a silversmith and have used Midwest Refineries for years. Just get on thier website and it will explain how they operate.

reply to post by James1982

vonharringa metals is an excellent website for selling silver! Check them out at www.vonharringa.com