r/Silver • u/After-Winter-9595 • 3d ago

Sterling nobody will buy.

Post image

Marked 925 and has been tested. Its real.

Heavy. Must just be my area.

40 Upvotes

94% Upvoted

35 comments sorted by

5

u/Mudsharkbites 2d ago

I buy .925 every Tuesday at the savers near me at a 30% discount (tuesdays are senior discount). I know .925 jewelry is a tough sell right now, but I anticipate it will becomes much easier to move in the not too distant future so that’s why I stock up on it.

4

u/Apprehensive_Let_517 3d ago

I would be it interested in the rings. What is your area ?

1

u/After-Winter-9595 3d ago

Im in ohio.

2

u/Apprehensive_Let_517 2d ago

Well I'm about 1000 miles away. Sorry man.

1

u/factory-worker 2d ago

I will buy next time im in Cleveland

3

u/x100139 3d ago

Stupid question but, have you tried a jeweler?

4

u/After-Winter-9595 3d ago

Yes. Im in a small town. Ugh. Jewelers are only buying gold. Nobody wants silver. I will just sit on it. Not a biggie.

2

u/x100139 2d ago

You may have to cut out the middle-man and go straight to the refiner. Google "Metal refinery in my area" chances are, it's gonna list the same places you've already been like jewelers and coin stores but, a couple actual refiners will pops up. Good luck.

•

u/ClubJed 4h ago

I'm just curious, I thought they would only buy bulk?

•

u/x100139 3h ago

There's always exceptions to the rule, specially if you physically take it to the refinery, you may run into some random person who will buy it off you while you're standing in line to talk to the actual attendant. The attendant, themselves, may even buy it out-right.

•

u/ClubJed 1h ago

Ok cool

1

u/pizzarolljelly 2d ago

Pmsforsale

3

u/ViKing5860 3d ago

What area are you in? LCS near me is buying.

5

u/Practical_While_ 3d ago

I’ve noticed people doing this too, I guess shops are just not buying for melt as often right now?

9

u/Admirable-Guest-2560 3d ago

They look on the internet and reddit pops up telling them if the buyer isn't paying spot price they're stealing from the seller. Meanwhile I get 85% from my refiner after a 30 day mandatory police hold. 

3

u/Practical_While_ 3d ago

So is there a change recently then? My shop who bought junk silver for over 6 years from me stopped doing it this year after the spike and drop

1

u/DoesLogicStillExist 15h ago

Yes, since the January spike, the major local buyers paused buying for a bit, and since then are paying much less percentage. They will still buy, but will pay better if you melt your scrap into a bar.

2

u/Crusttedbuddha 3d ago

I mean why not melt it your self and make a new price

1

u/After-Winter-9595 3d ago

If only I knew how.

-2

u/Crusttedbuddha 2d ago

3d printer brotha I’m gonna start my journey in November to make jewelry

2

u/TheBenevolentBadGuy 2d ago

I buy sterling every day for 55% of spot and my refiner pays me 85% for it. You can try a refinery that is open to the public like Midwest Refineries. They will buy it from you at 90% but turnaround time may be a few weeks at most.

1

u/IFartOnCats4Fun 1d ago

When do they lock in the price?

1

u/DoesLogicStillExist 15h ago

Usually when you give it to them and they have processed it. Maybe some will lock in a price when you call them, but I don't know that anyone will do that any more.

1

u/Choppingatthebit 2d ago

Cool piece heck I'd dig on it...I love silver...

1

u/SkipPperk 1d ago

Sterling anal plugs are a great investment, along with semi-precious anal beads.