| Author |
 Topic  |
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
 Posted - 04/16/2010 : 04:40:29
|
I believe sterling is always 7.5% copper, right.
90% coin is 10% copper.
40% coin is 60% copper.
Has anyone heard of a silver refiner that would actually credit you some for the copper content that they are 'refining out'??
I mean a tonne of 40% halves would have (2000lbs x .6 = ) 1200 lbs of copper. That is over $3000 worth of copper.
Is that just their 'icing on the cake' or ???
Market Harmony, come across this question before? Anyone else have experience?
|
"May your percentages ever increase!" |
|
|
Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 04/16/2010 : 09:48:05
|
quote:
Originally posted by wolvesdad
I believe sterling is always 7.5% copper, right.
90% coin is 10% copper.
40% coin is 60% copper.
Has anyone heard of a silver refiner that would actually credit you some for the copper content that they are 'refining out'??
I mean a tonne of 40% halves would have (2000lbs x .6 = ) 1200 lbs of copper. That is over $3000 worth of copper.
Is that just their 'icing on the cake' or ???
Market Harmony, come across this question before? Anyone else have experience?
Copper is a waste product of the PM refining process. It can be recovered from the waste stream, but I do not know of any refiners that pay for copper content. The economics of copper recovery in this process makes it unattractive. |
goto the new and improved realcent: http://realcent.org |
 |
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/16/2010 : 10:34:55
|
| It would seem strange if an large refiner didn't recover the copper. For those who do it seems logical that any profit made by it would already be factored into the price they charge for their refining services. Refineries are competitive with each other and try to put out quality at as low of a price as possible. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 04/16/2010 : 10:37:29
|
| I can't answer your question about copper, but my refinery pays me for the silver "waste" in my scrap gold jewellery refines. |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
|
|
|
JWRAY
Penny Collector Member
USA
378 Posts |
Posted - 04/16/2010 : 10:39:48
|
Dang, I never thought of that. Very interesting.
I totally understand why on a small scale it is not worthwhile, but in a refiner doing literally tons of metals, why wouldn't they recover the copper? Is it really more costly to recover it than the copper is worth? |
MOVING SALE!!! Selling Copper Cents 1.4 shipped - in limited quantities PM me and we'll talk. |
Edited by - JWRAY on 04/16/2010 10:41:01 |
|
|
|
Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 04/16/2010 : 12:06:08
|
quote:
Originally posted by Ardent Listener
It would seem strange if an large refiner didn't recover the copper. For those who do it seems logical that any profit made by it would already be factored into the price they charge for their refining services. Refineries are competitive with each other and try to put out quality at as low of a price as possible.
There is too much to write to effectively explain everything, but in essence, all metals are recovered. It is just a matter of "when" it is recovered. It is not done on a lot by lot basis... the waste streams contain various elements. Those that can be economically recovered, are. Those that are not economically recoverable are either passed onto the waste management company for disposal or sent to another firm that can recover the metals economically. At some point, the waste stream contains such a small amount of elements that it is a money-losing endeavor to recover them and then it is disposed ecologically. |
goto the new and improved realcent: http://realcent.org |
|
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 04/17/2010 : 14:51:29
|
So how does that work....
If you are dealing with US government issued coin that should have very little if any 'waste' in content, other than a little grime that has affixed itself to the surface of the coin. The waste stream should be ALL copper. Unless the waste stream includes chemicals and or elements that were added by the refiner.
Still I guess I see the point. That 'waste stream' isn't measured and refined immediately, so there is no simple way to compensate you for your copper. Still this would seem to be a major boon for refiners when refining sterling silver and US issued silver coin(aside from war nicks. I've been told the Manganese in them makes them difficult/costly to refine). |
"May your percentages ever increase!" |
|
|
|
insurrection1517
Penny Collector Member
USA
262 Posts |
|
|
scrapman1077
Penny Sorter Member
USA
79 Posts |
Posted - 04/17/2010 : 17:40:52
|
| I spoke to a big refinery that I deal with, same question, I was told the 1000 lbs or more of say 40% silver balance copper, they would pay something for the copper. We never got to numbers, just "something" |
|
|
|
Common Cents
Penny Sorter Member
82 Posts |
Posted - 04/18/2010 : 14:05:54
|
| Not to hijack this thread, but I had similar thoughts regarding Gold Eagle coins and their silver content. The coins still contain an ounce of gold, but there's also a small percentage of silver added to make the coin more durable. Does the silver content make the coin's melt value higher than a gold coin of greater purity? |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/18/2010 : 14:09:16
|
quote:
Originally posted by Common Cents
Not to hijack this thread, but I had similar thoughts regarding Gold Eagle coins and their silver content. The coins still contain an ounce of gold, but there's also a small percentage of silver added to make the coin more durable. Does the silver content make the coin's melt value higher than a gold coin of greater purity?
It should, but let's face it who is going to melt a gold eagle? Can anyone tell me how much silver is in a gold eagle? |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 04/18/2010 : 14:16:56
|
quote:
Originally posted by Ardent Listener
It should, but let's face it who is going to melt a gold eagle? Can anyone tell me how much silver is in a gold eagle?
according to You must be logged in to see this link., 91.67% AU, 3% AG, 5.33% CU
Essentially, the silver content in a 1 ozt gold eagle is .032727 troy ounces, worth about 58 cents today |
goto the new and improved realcent: http://realcent.org |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/18/2010 : 15:19:48
|
quote:
Originally posted by Market Harmony
quote:
Originally posted by Ardent Listener
It should, but let's face it who is going to melt a gold eagle? Can anyone tell me how much silver is in a gold eagle?
according to You must be logged in to see this link., 91.67% AU, 3% AG, 5.33% CU
Essentially, the silver content in a 1 ozt gold eagle is .032727 troy ounces, worth about 58 cents today
Thanks, not much to get excited about unless (or until) the gold to silver ratio goes to 70/1.  |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
| |
Topic |
|
Silver Refiners paying for Copper?
Forum Locked
