Another Load of Sterling Silver Scrap Back from The Refiner
Most of you have been following my Sterling silver scrapping journey as I've posted about it along the way. With silver price reaching highs never seen before in my lifetime, I refuse to pay $110/ounce plus a premium for silver. Back when it was $20-30/ounce it was something I could budget for and pick up a few ounces every month. Not anymore, so I scrap for my silver instead.
In my previous post, I showed a picture of the 582 grams of Sterling silver I sent off to the refiner. I use a smaller refiner, so I don't have to deal with the backlog issues others are experiencing. I sent the scrap in on 1/16/26 and got it back today. They state on their website it can take up to a month, but this was only 11 days!
Here's what I got back.
I got 13 .999 1oz bars back!
I originally paid approximately $45/oz for the Sterling silver scrap. With silver now at $115/oz and climbing, I only need to sell about 7 ounces to cover my costs and the remaining 6 ounces is pure profit for me. That cost even includes the Sterling silver bracelet with Moissanite stones I found and gave to my wife, and the hand-carved pendant I found.
It takes some work and not every find is a winner, but with some patience, persistence and a good eye, you can basically get paid to turn Sterling silver scrap into bullion to add to your stack!
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You received an upvote of 98% from Precious the Silver Mermaid!
Thank you for contributing more great content to the #SilverGoldStackers tag.
You have created a Precious Gem!
And at the same time deny the COMEX from getting their hands on 14 troy oz. of physical silver wealth.
Bravo sir.
!PIZZA
Very true! They've backed themselves into a corner and can't do anything but let silver run.
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Pretty neat.
Been seeing more and more posts on FB looking for sterling. Probably just for this purpose. Silver is going to get harder to get our hands on me thinks.
I think we're going to run into an odd issue once the refineries catch up on the backlog. Industry still needs it, so price will continue to rise. Retail will get flooded, so we'll see ridiculously low premiums because retail supply will outpace demand. I'll likely just keep scrapping until prices drop below $40/oz. I just can't bring myself to pay these prices.
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Wow, that is impressive! Congrats!
Thanks! We'll see if I can do this well on the next round. 😁
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Oh, just perfect, @bulliontools!!!!
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Thank you!
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