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Mantokir
New Member
USA
22 Posts |
 Posted - 04/10/2009 : 15:40:18
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Was just curious if anyone knew what all it would take for me to be able to make and sell bars. I'm not looking for a detailed post, unless you want to write one, just something to get and idea of wether or not I could do this is a hobby and drop the bars off at a friends store to sell. Have mostly 90% and was reading somewhere on this site that people don't like 90% bars at the moment, so is there a way to refine em to a higher %? Or would I have to go with .999 to begin with?
Appreciate any info.
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vrbsroma
Penny Collector Member
394 Posts |
Posted - 04/10/2009 : 16:06:06
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| MarketHarmony has some great posts on the topic, but nothing as detailed enough to instruct you to refine your own. |
As far as I know, it is stated "In God We Trust" on the US dollar. How can I trust this currency if I do not believe in God?
Possession is nine-tenths of the law.
When I give my two cents, they're always copper! |
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psi
Penny Collector Member
Canada
399 Posts |
Posted - 04/10/2009 : 17:08:37
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| I don't know anything about this but I remember a forum on home metal casting that someone linked to here once: You must be logged in to see this link. There's always google or the library too. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 04/11/2009 : 08:12:34
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Remember, if you make an unrecognizeable form of silver, it may be hard to sell.
Until your product is trusted, they may not sell well at 1st. |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 04/11/2009 : 09:43:55
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This always seems to be a popular subject. I am guessing that many folks have bought cheap silver in hopes of turning it around for a nice profit. I think people got into buying non-pure silver due to the discount to spot prices, rather than buying for a premium to spot prices for .999 fine bullion. In the beginning of my metals investing, I made these mistakes, too.
Changing scrap silver into .999+ fine silver costs considerable money. And, in order for it to be cost effective, you need to be able to send off, at minimum, 500 troy ounces at a time. Keep in mind, too, that is 500 troy ounces of pure silver, not just shipping weight of your lot.
The other alternative is to just turn the silver you have into non-pure bullion. That is fine, but you have to take into consideration some other factors. Some of them have already been mentioned:
- you will need to buy lots of equipment (think thousands of $$$)
- you will need to know exactly what you are doing to make good castings
- you will need a recognizable product
- you will need to overcome doubts of authenticity
There are several reasons why non-pure silver sells at a discount. But this does not mean that it is impossible to get your money back, or even make some money. You can commission a known bullion maker to process your scrap for you at a fee. Market Harmony LLC does this for clients. I know this probably comes off as a sales pitch, and if that is what someone wants to think, then fine. But, I wanted to let people know about the services that MH offers to those who are feeling trapped with their non-pure silver investment.
Market Harmony does 2 things in regards to non-pure silver:
1) You must be logged in to see this link. from you
2) You must be logged in to see this link. into one of our forms of bullion, and return it to you.
Our buying rates are competitive within the industry, and you get to deal with a trusted company that isn't afraid to tell you upfront what your silver is worth. There are minimum amounts that you need to send to us in order to sell your scrap. You must also fill out some documents for us due to the You must be logged in to see this link..
Our processing fees are low and it gives you a piece of homogenized bullion. Returned products will be stamped with our makers mark, purity, and weight in order to give it recognizability for you to be able to sell it in the market.
This is an alternative to buying your own equipment, and getting in over your head on trying to make a few bucks on your non-pure silver.
If anyone has questions, or wants a quote, please let me know.
Kind Regards,
Michael |
goto the new and improved realcent: http://realcent.org |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 04/11/2009 : 19:03:34
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| Not to hijack the thread, but does Market Harmony process metals other than Gold or Silver? Scrap copper or brass for example. |
Are you throwing that out? |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 04/11/2009 : 22:13:47
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quote:
Originally posted by Flbandit
Not to hijack the thread, but does Market Harmony process metals other than Gold or Silver? Scrap copper or brass for example.
I do not have the testing equipment required to determine purity of copper alloys, so I do not accept them at this time. Using #1 scrap is the only way that I can currently tell whether the finished product is pure or not. My supply chain of #1 copper is more than sufficient for my needs.
Gold and silver can easily be tested, so MH is only accepting those forms for processing. |
goto the new and improved realcent: http://realcent.org |
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Mantokir
New Member
USA
22 Posts |
Posted - 04/12/2009 : 19:02:23
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quote:
Originally posted by Kurr
I see you say 90%. What ya meltin?
Have some 90% coins... Was just entertaining the idea, maybe a bar here and there. Nothing like what MH has got with his thousands invested, might get to that point one day but until then, just a hobby. :-)
quote:
Remember, if you make an unrecognizeable form of silver, it may be hard to sell.
Until your product is trusted, they may not sell well at 1st.
I wouldn't expect it too, that's why I was thinking about dropping it at a friends store, he'd be my reference for other people who come in. |
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Making silver bars.
Forum Locked
