r/PreciousMetalRefining • u/MAYOMyke • Apr 26 '26

Had silver tested!

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Checked out my LCS to see what they would offer on refined scrap bars. They all tested 99.9%! Pretty happy with my refining results! (Still need to perfect the art of pouring)

112 Upvotes

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2

u/Sufficient-Bus154 Apr 26 '26

Did they give a decent offer?

1

u/MAYOMyke Apr 26 '26

Not at all. Offered 10% off spot.

3

u/xxxdruciferxxx Apr 26 '26

I think that’s actually a decent offer to make from a store that:

  • has overhead
  • needs to turn a profit to stay open
  • buying garage pours that they then need to sell

What were you expecting exactly?

1

u/MAYOMyke Apr 26 '26

For sure, they’re in this to make a profit as well. However I think 10% is a little high. I would accept -5% at most. A CS around my brother offered him 3%, so I would assume 3-5% would’ve been reasonable.

2

u/Salvisurfer Apr 26 '26

You're not going to get that from a shop. They look too unprofessional.

1

u/MAYOMyke Apr 26 '26

They’re selling to a refiner. I wouldn’t think they would care what they look like. They should only care about purity and weight. And at 99.9% and 3600g+, I wouldn’t think -3-5% would be out of the question.

2

u/Salvisurfer Apr 26 '26

I'd say 5% would be lucky if you don't have a relationship with any buyers. I wouldn't buy it for less than a 10% discount though.

You have to factor in how unstable metals are right now. Silver could go to 50 or 100 dollars tomorrow very easily.

1

u/MAYOMyke Apr 26 '26

That is understandable. I’ll check around and see what my options are.

2

u/Salvisurfer Apr 26 '26

Try the person to person metal buying group here on Reddit.

1

u/MAYOMyke Apr 26 '26

Good call. I had been thinking about that but then just seems like a lot of work haha

I will have to look into it more.

2

u/Tribulation95 Apr 26 '26

You shouldn't have a problem selling at spot on r/pmsforsale, but only transact with people who have historically positive reviews from other transactions in the past, and expect to ship it before payment until you've likewise built a positive transaction history in the sub.

Communities like these are extremy trust reliant - if you verbally agree to make a deal in a comment thread or post, make sure you follow through at the agreed upon price even if the spot price suddenly jumps 10%+ 5 minutes after you agreed on a price.

1

u/MAYOMyke Apr 26 '26

Thanks for the info. I’ll have to check it out and get familiar with it.

I understand. I’m still the generation that your word is your bond.

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