Where can I get silver melted down & is it even worth it?

[Maximum]

I was thinking about collecting .925 silver scrap below spot, but not keen on melting it myself. Anybody know if it's even worth paying someone to melt, pour, and hallmark it? or better off just selling it?

 

[SilverDream]

Here's the cost breakdown for melting down 10 oz of scrap cutlery. It should take about 3 to 4 hours, which includes cutting, melting, and polishing. You can expect to pay around £15 an hour for labor, plus another £10 for running the furnace, bringing the total to roughly £55 to £70

The downside is that when you melt the cutlery, it loses its hallmarks and you'll need an assay if you want to sell it later. But on the plus side, it takes up less space, you might enjoy the process, and it could be worth something to collectors down the line

 

[Cleon]

Honestly, if you're not into melting it, paying someone to do it could eat into your profits, it might be easier just to sell as-is unless the scrap's top-quality

 

[Maximum]

Here's the cost breakdown for melting down 10 oz of scrap cutlery. It should take about 3 to 4 hours, which includes cutting, melting, and polishing. You can expect to pay around £15 an hour for labor, plus another £10 for running the furnace, bringing the total to roughly £55 to £70

The downside is that when you melt the cutlery, it loses its hallmarks and you'll need an assay if you want to sell it later. But on the plus side, it takes up less space, you might enjoy the process, and it could be worth something to collectors down the line

Thanks for the breakdown, this just looks like a lot of work and cost for a little extra space..I think I might just stick to selling as-is unless I find a collector

 

[Maximum]

Honestly, if you're not into melting it, paying someone to do it could eat into your profits, it might be easier just to sell as-is unless the scrap's top-quality

Yeah, you're right, paying someone could eat up profits, I'll probably just sell it as-is unless the silver's really top-tier. I appreciate th advice

 

[Cleon]

Yeah, you're right, paying someone could eat up profits, I'll probably just sell it as-is unless the silver's really top-tier. I appreciate th advice

Glad I could help!

 

[SilverDream]

I completely agree when it comes to selling. It seems like the numbers and the effort just don't add up unless you're really passionate about the process or you have something unique. By the way, have you already found a good local buyer, or are you still exploring your options?

 

[CornDawg]

Yeah, you're right, paying someone could eat up profits, I'll probably just sell it as-is unless the silver's really top-tier. I appreciate th advice

yep, why melt it when you can just sell it, right?

 

[TheBestTed]

I was thinking about collecting .925 silver scrap below spot, but not keen on melting it myself. Anybody know if it's even worth paying someone to melt, pour, and hallmark it? or better off just selling it?

I'm in the US, I usually come to Elemetal, it's a major player in the US, known for quick processing and various payment options. They work with a wide range of precious metal scrap.

 

[Ag.]

If you're not into doing the melting yourself, just flip the scrap as-is and keep it moving. Unless you're sitting on museum-grade silver, it's probably not worth the hassle.

 

[my5ilvertrendinsights]

That makes sense, sometimes it's just easier to get rid of the scrap without putting in extra effort, especially when it's not high-quality silver.

 

[Old Soldier]

That makes sense, sometimes it's just easier to get rid of the scrap without putting in extra effort, especially when it's not high-quality silver.

Yeah right it's just not worth the time or hassle if the scrap isn't valuable enough to justify the effort.