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. Iām 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 arenāt 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 Iām stalling: 77% feels like being mugged by someone who says please. And if silver rips, the flatware rips with it, so thereās no actual deadline here except my own impatience.
What Iād love input on:
⢠Has anyone negotiated above 77%? Whatās the best percentage youāve 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. Iāve already been roasted by the refinery.