reply to post by Kingofthehill
You're not too far wrong.. I haven't checked how right you are though, but you're not far off exact.
silver price per kilo
You will see silver is currently (at time of posting) 679.53 GBP per kilo.
So, had he bought two kilos of coins and extracted the half the silver from them, then he would have 679.53 GBP of silver sat on his table.
I have an 85 gramme silver bracelet and took it to city centre jewelers this morning for an estimate on high street scrap buying... I was offered 14
GBP for it.
If it was to be melted down and sold to a bullion dealer, then the price would be significantly different, less bullion dealers cut.
Effectively, I could double my monwey on the bracelet if it was in a purer state, so to speak.
The only problem is finding someone to buy your new silver.. It seems bullion dealers are the way to go, but you either need enough of the stuff or a
regular supply for some of them to take an interest.. not only that but your silver/gold has to be good.. For example, they might give you less cash
if the silver has to be refined further..
Apparently there is a chemical colouring scale to test for purity of metals.. which I'll be looking up shortly, and this scale defines purity..