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Dumpster Diver
Penny Collector Member
USA
474 Posts |
 Posted - 11/08/2009 : 17:29:07
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So I'm prepping some silver scrap to go out tomorrow to a refinery. Mostly scrap jewelry but I had two candlesticks that I bought for a total of $6. I was proud of this buy as they weighed in at a little over 12 oz troy  . Tonight I banged them out with a hammer to get the weighted material out. The resulting clean scrap- about 1.4 oz  . The silver is paper thin...
I still came out ahead but...
The lesson learned: Don't pay too much for silver candlesticks!
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"You're not really gonna throw that out...are you"? |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 11/08/2009 : 17:32:09
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| You could've cleaned them up, and probably gotten more. |
Trolling is an art. |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 11/08/2009 : 19:15:33
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| Yep, most candlesticks are weighted with a heavy plaster inside. |
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Dumpster Diver
Penny Collector Member
USA
474 Posts |
Posted - 11/08/2009 : 22:06:06
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| They were really beaten up to begin with. This was the first time I cleaned one out and I knew about the weighted material. I thought it was just a ring of plaster to give it extra weight. Didn't realize the plaster is essentially the entire thing! |
"You're not really gonna throw that out...are you"? |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 11/08/2009 : 22:31:24
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| I had a candle stick too. Was filled with a type of clay, and the top was held to the base by a nail. |
Trolling is an art. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 11/09/2009 : 02:33:41
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| So do you send your scrap silver to a refiner directly? How do you set that up? I've been selling mine to a coin store for 31.5 cents a gram. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 11/09/2009 : 05:11:47
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| midwest refineries will pay 90% for silver but will not take knives that have any stainless or any flatware with filled handles - you have to do the work before you send to them. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 11/09/2009 : 07:36:38
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| How much do you get per gram? Once you pay for shipping, is it better going to a coin store or to mail it to a refinery |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Mcprice302
Penny Collector Member
USA
404 Posts |
Posted - 11/09/2009 : 07:48:24
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| I'd also like to ask about taxes when selling to midwest. Would your check be considered taxable income? Or do you get refined product in return? |
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ZigMeister
Penny Pincher Member
USA
229 Posts |
Posted - 11/09/2009 : 10:49:26
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| A friend of mine who has taken many of the weighted candlesticks apart has told me that there is about 3/4 oz in each of the smaller (approx. 3") size ones and about 1 1/2 oz in each of the larger (approx 6") ones. Your 1.4 oz is pretty consistent with what he told me. |
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Dumpster Diver
Penny Collector Member
USA
474 Posts |
Posted - 11/09/2009 : 11:39:22
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quote:
Originally posted by PennySaved
So do you send your scrap silver to a refiner directly? How do you set that up? I've been selling mine to a coin store for 31.5 cents a gram.
I'm actually keeping it within the Realcent family- Market Harmony.  |
"You're not really gonna throw that out...are you"? |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 11/10/2009 : 09:39:23
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| So do you have to pay to ship it to him? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Dumpster Diver
Penny Collector Member
USA
474 Posts |
Posted - 11/10/2009 : 09:45:56
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quote:
Originally posted by PennySaved
So do you have to pay to ship it to him?
Yea, but with flat rate boxes it's minimal. |
"You're not really gonna throw that out...are you"? |
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Nickelless
Administrator
USA
5580 Posts |
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n/a
deleted
7 Posts |
Posted - 11/14/2009 : 04:24:27
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Very, very grateful to you all!!! I did not know that there was so little silver in a candle stick. I have been fortunate to run across a few with no weighting in them. This info will help me a lot. There is a guide on Ebay that advised you to not bid until you read what they have to say. I believe it is a gal that wrote it. She says that she has taken apart everything and has the weights for them all. She also educates you about "German" silver and other "silvers" that really are nothing of the kind. So, I guess buying that is a good start.
Thank you for sharing your expertise. I love collecting silver. Now, I am doing so for scraping purposes. I refuse to melt something that is a real work of art, and only want the ones without a lot of sculpting. This has led me to swap meets, Goodwill, Salvation Army, Restore, and anything in-between! It's more than a hobby. I think we have about two years before real inflation hits. I plan on building a good stockpile to leave for my son when I die. To heck with this life insurance stuff. That's paper, and who knows when that will need a bail-out! I like this way the best! |
Nothing wrong with preparedness. |
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Dumpster Diver
Penny Collector Member
USA
474 Posts |
Posted - 11/15/2009 : 07:19:19
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| Welcome to Realcent SilverAngel! |
"You're not really gonna throw that out...are you"? |
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The sobering reality of silver candlesticks
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