/biz/ - Business & Finance

>>29228421
With that small amount of scrap you'll get hammered by shipping costs and fees, better to collect more scrap until you have 100+ Ozt worth or just sell it directly to a refinery if silver reaches a price you'd be happy to convert to fiat for.

>>28516350
>tips on identifing silver in thrift shops?

Most Silver items in the USA are sterling, so look for the obvious "STERLING" stamp or embossing, and the ".925" stamps on jewelry though I don't like that fiddly small stuff personally. Familiarize yourself with English sterling hallmarks (most common is the "lion passant") and the common continental Silver alloys like .800, .830, .835.

>>27664751
>is it worth it to hold scrap sterling?

Yes.

>>27500006
>Any recommendations on a good sized mercury dime bowl?

Get a sterling silver "(Paul) Revere Reproduction" bowl to keep the dimes in, they are classy and were made in lots of sizes but unless you have lots of dimes a 5"-6" diameter one should be fine.

>>27347222
>Is this bullish or bearish for continued silver bull run?

Bullish. Countless newfags have heard about Silver for basically the first time ever and while many have been pulled back to sleepy redditardation by SLV banker shills, just as many newfriends have escaped, learned the facts, and proceeded to buy up every scrap of silver they can find.

We don't need those WSB faggots to see Silver moon because this isn't some bankers puppet show game or PnD like GME where BlackRock was already long 10 million shares before they engineered the squeeze on their competition, silver soaring was already baked in and absolutely inevitable. The extra hands on deck are definitely moving up the timeline though.

>>27097669
Nope that's a crappy deal, also beware of jewelry it's much more likely to be mixed with junk and misidentified/fake stuff. The vintage/antique sterling silverware is great for scrapping though.

>>25213392
>You could've tripled your wealth if you invested into pretty much anything else.

Meh, some of my mining positions are now over 10x since purchase during Spring, twice as good as my cheap buttcoin. Shoulda sold some in August for 15x gainz but I was too busy buying dirt cheap scrap to try timing things.

>Wealth
>Digits on a screen

Topjej we're doing just fine kid.

>>24894394
>how come you guys only show up when things are getting interesting or in this case, scary

Wut nigga? I'm simply a retard at trading and asking a pretty straightforward question. I'm not so autistic I can't tell that chatting about scrap isn't at the top of your list.

>>23615025
Refining costs are much higher, so aside from utility for bartering they aren't desirable.

Besides, .925 is much cheaper to refine and returned ingots cost me less than $20/Ozt, as I'm fond of repeating. Spending 24+ on ugly war nickels would be a dipshit move compared to my sterling hustle, but for most people having some of them on hand wouldn't hurt.

>>23456270
Sell on eBay for retail, then even after fees you still get decently more than spot price. If you aren't good at eBay it may be a hassle though.

>>23247542
Ah eBay, yeah that can be dangerous if you're not experienced with weighted items, however weighted sterling is pretty common at Goodwill/thrift shops and IRL sales so if you see any cheap grab it up and get some hands-on experience breaking it down. I peeled my first candle holder in 4th grade, been in love with scrapping ever since though this year really kicked things into overdrive.

>>23190749
>At this speed you need to hold for 15 years just to break even. Are you guys doing that or is there any way around this?

Welcome, what country are you in? Even in the USA it varies by state and some people must pay sales taxes on numismatic and bullion purchases.

If you let us know where you are we can help point you to the right dealers, in the USA 90% silver old
constitutional coins are among the cheapest per ounce worth of silver, at least when purchased at a local coin store.

Lots of strategies to get cheap Silver, some people cruise yard sales and estate sales for coin collections and sterling, some search eBay (and dusty coin shop shelves) for obscure uncirculated or proof sets priced below spot value of the silver coins, some go metal detecting for it which is lots of fun, and I've been an ambassador of scrapping and refining junk antique silver items.

What even most stackers don't seem to get is the fundamental monetary nature of silver regardless of form, and then how one sources in "inefficient markets" where perceived values are more malleable and arbitrary, such as the antique and collectible market, for cheap unrecognized unappreciated silver items containing much more than the asking price worth of silver.

When you collect silver from "inefficient markets" below spot value, it is then easy to get it refined into bullion which transforms the silver into something that automatically now fetches "efficient market" bullion prices (plus premiums too if you retail yourself) and is recognized and exchangeable globally. My refined returned silver costs less than 20/Ozt total currently which is basically like minting money, it's pretty cool. Plenty of ways to get cheap Silver, just takes extra work fren.

>>23073629
>Not positioning yourself to take advantage of the coming DLT-boom in addition to the consequences of the current monetary policy is silly.

You may be quite right, but I don't have the natural interest or experience necessary to navigate the DLT arena confidently and nimbly, it all just looks like a frothy hype bubble where collectively at least 15 of our moons in total are promised, and I dunno which platforms will actually survive long-term, if any. Been doing fine with metals and miners this year, not looking to get rich just want to guarantee that me and my babies don't get enslaved by circumstance this decade.

>>22819889
All were freshly listed cheapo Buy it Now deals on eBay.

>>22819922
Thx m8, be sure to sort most recent first, half the time it's an obvious unambiguous deal, like a bunch of solid spoons with weight given, just underpriced for whatever reason. For stuff like that you don't need much experience, just need to be the first person to see the deal and click "buy".

Phone posting so ID may be switching.

>>22706579
Not much sale activity here either, all that scrap came from eBay; literally my personal silver mine lol. I've been instructing people to search in the Antiques subcategory viewing Buy it Now only items sorted most recent first, then refresh for deals listed by unmitigated retards like >>22702126
who don't know the value of things and list way too cheap. It's as easy as refreshing periodically, scanning new stuff and gobbling up the obvious good deals to build up for the refinery like picrel, about ready for another run.