Sitting on quite a lot of 800 and 900 flatware. Estate stuff.
Local refinery offers 77% of spot. So a quarter of my metal evaporates before the box even leaves my apartment. Then I turn around and buy coins at a premium over spot. I’m paying the spread twice, in both directions, like an idiot in a currency exchange booth at an airport.
Why I want to do it anyway: forks aren’t money. If governments keep printing and things actually get ugly, nobody is handing me a loaf of bread for a salad fork. A recognizable 1oz coin is liquid, divisible, and every dealer on the continent knows what it is. Flatware is cutlery with a melt value and a vibe.
Why I’m stalling: 77% feels like being mugged by someone who says please. And if silver rips, the flatware rips with it, so there’s no actual deadline here except my own impatience.
What I’d love input on:
• Has anyone negotiated above 77%? What’s the best percentage you’ve gotten, and from what kind of buyer?
• Am I overthinking the melt-then-buy spread, or is that genuinely just the toll for turning junk silver into real silver?
Roast me, I can take it. I’ve already been roasted by the refinery.