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View Full Version : Best No Minimum Refiner?


WesleeTU
02-13-2012, 04:24 PM
Just looking fit a reliable refiner with no minimum and minimal fees. Midwest Refineries is at the top of my list but its really the only one I've found so far.

Really all I want to be able to do is redeem the cheap sterling I find for fiat to buy 90% or .999. Midwest refiners scores points because I can get paid in .999 or 90% it seems.

Thanks for your input!

govikesgo
02-13-2012, 05:50 PM
What are they paying you for .925? I 'll let you know if you're getting a good deal or not.

WesleeTU
02-13-2012, 06:06 PM
They pay 90% of spot for the silver content for 925

govikesgo
02-13-2012, 06:18 PM
That's a great price. Not sure you would find that anywhere else. I get less than that and I deal in a decent amount. Of course he comes to me and pays me cash, but your price is good. At $33.58, I get $1.30767 per dwt. If your prices are correct, you are getting $1.39776 per dwt. I find it hard to believe they are paying that, especial for small quantities, but if that's what you say.

WesleeTU
02-13-2012, 06:24 PM
That's a great price. Not sure you would find that anywhere else. I get less than that and I deal in a decent amount. Of course he comes to me and pays me cash, but your price is good. At $33.58, I get $1.30767 per dwt. If your prices are correct, you are getting $1.39776 per dwt. I find it hard to believe they are paying that, especial for small quantities, but if that's what you say.

That's what they advertise anyways. Have to pay my own shipping, which is no big deal i guess. but yes. If I;m doing my math right it's not a bad price...way better than taking it to my silver guy.

Basically: Weight of your sterling, multiplied by .925, then again multiplied by .9 then multiplied once more by spot price of silver.

If those calculations are off, let me know, but I'm pretty sure that's right on. They say no minimums and no fees.

Carssman1
02-13-2012, 07:08 PM
Maybe try Imperial refiners, they pay 98% of spot,, Have never sent in Silver though.

I made out like a bandit sending a pile of scrap gold.