Pre 1968 Canadian Silver Coins

posted on Friday, December 12th, 2014 at 7:32 am

QUESTION:
I have 13 avoirdupois pounds of Canadian coins that are dated before 1968. These are all from the Canadian Mint. What can you give me for these? – From Bridget in Maine

ANSWER:
Hi Bridget,

Pre 1968 Canadian Silver Coins

Pre 1968 Canadian Silver Coins

Thank you for your inquiry.  Depending on circulation, for Canadian coins up to the year 1967, the silver content was 80% silver by weight.  During the year 1967, the silver composition of circulating coins was reduced from 80% to 50%.  As such, coins were minted that look identical, but are composed of either 80 or 50 percent silver.  If any of your coins are dated 1967, then the silver content could vary and the estimate quoted below would be different.

Based on the day we receive your shipment at our refinery, we return 80% of the N.Y. Comex Spot market based price of Silver per troy ounce. As of right now, the Spot price of Silver is $17.33, per troy ounce.  There are 14.583 troy ounces to every Avoirdupois Pound. Based on this, here is the process that we use to calculate payment.

FIRST TO FIND THE FIND SILVER CONTENT
13 lbs. x 14.583 troy ounces = 189.579 troy ounces x 80% silver content = 151.66 troy ounces of fine silver content

PAYMENT
151.66 troy ounces x $17.33 Spot = $2,628.27 x .80 = $2,102.62, your return, had we received your coins today at the refinery.

Thank you for your question. Please contact us if you would like to send us your material.

 

* Please keep in mind that we are not a coin dealer and cannot give estimates based on the value of collectable, rare or vintage coins. As a precious metal refiner, we only give estimates based on the weight of items and the amount of precious metal available for recovery.

* Blog estimates are given on a case by case basis and are not Arch’s final settlement price. Any prices or estimates in blog articles are based on the precious metal prices at the time of the post and can change on a daily basis as the price of precious metals change.

* Read our disclaimer





Arch Enterprises is Thankful

posted on Thursday, November 27th, 2014 at 9:41 am

Happy Thanksgiving. We love the holidays around here and gives us a chance to reflect on the year to realize how lucky we are. We hope that you also take the time to step back and think about what you are thankful for in your life.

Arch-Thanksgiving1

 





20 Pounds of Silver Contacts Refining Estimate

posted on Wednesday, November 19th, 2014 at 9:44 am

Q: Hi, I have 20 pounds of silver contacts. Please let me know if you take this material and how much my return will be. – From Dawn in Modesto, California

A: Thanks for your question! We get a range of silver contacts to refine. Your 20 pounds of material meets our volume requirements for silver contacts. Silver bearing contacts vary widely in silver content. Typically, the best and worst case scenarios are anywhere from 35 to 90 percent silver.

We can return 65% of the silver dollar value back to the customer. This percentage is due to the presence of cadmium, which emits a potentiality harmful gas when melted. If cadmium is present we must process with an oxidizing wet process. If you choose to ship your material to us for processing, we will analyze and contact you with the silver percentage before processing. Then, with customers consent, we will process and pay for the material. We work as quickly as possible for a fast turnaround for our customers. From the time that we receive your material, it will take approximately 5 business days for us to mail payment.

Thank you for your inquiry and for considering Arch!

* Blog estimates are given on a case by case basis and are not Arch’s final settlement price. Any prices or estimates in blog articles are based on the precious metal prices at the time of the post and can change on a daily basis as the price of precious metals change.

* Read our disclaimer

 





10KG of Silver Oxide Batteries Refining Estimate

posted on Friday, November 14th, 2014 at 7:30 am

Q: I have 10KG of silver cell batteries. Do you take this material? — From James in Arlington, TX

Refine Silver Oxide Batteries

Refine Silver Oxide Batteries

A: Thank you for your inquiry! YES, Arch does refine the silver from silver oxide batteries.

The first item to note is that we do not accept co-mingled lots, so you will have to separate these batteries out if they are among other items or other types of batteries. We do not accept lithium batteries for example.

Depending on the volume that is sent in for refining, we typically pay $16 to $25, per pound of silver oxide batteries.  So for your 10 KG (which converts to 22 lbs) we would pay with a Spot price of Silver being today at $18.32 the following:

(22 lbs of Silver Oxide batteries x $27.93, per pound = $614.46, back to you, had we received your batteries today at our refinery)

Thank you for your question! Please let us know if we can be of service.

Please Note:  there is a 5 pound minimum for Silver Oxide Batteries.

* Images displayed are only a representation of the items described in this blog post and may not be true images of the items in question.

* While we are happy to give estimates on precious metal items, we are NOT antiques dealers, researchers, or retail sellers. As a precious metal refiner, we only consider the weight and amount of precious metal available to extract during the smelting and refining process.

* Blog estimates are given on a case by case basis and are not Arch’s final settlement price. Any prices or estimates in blog articles are based on the precious metal prices at the time of the post and can change on a daily basis as the price of precious metals change.

* Read our disclaimer





Happy Fall Y’All

posted on Tuesday, September 23rd, 2014 at 8:19 am

Happy first day of fall everyone! Makes us think of the Gold Canadian Maple Leaf. Have any of these laying around? We refine gold coins: )

http://www.archenterprises.com/gold-coins.html

happy fall

 





Arch Enterprises is one of the nation’s leading precious metal refineries. The company is happy to answer questions about precious metal refining for items made from gold, silver or platinum.

QUESTION: I have 13 avoirdupois pounds of Canadian coins that are dated before 1968. These are all from the Canadian Mint. What can you give me for these? – From Bridget in Maine ANSWER: Hi Bridget, Pre 1968 Canadian Silver Coins Thank you for your inquiry.  Depending on circulation, for Canadian coins up to the […]

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Q: Hi, I have 20 pounds of silver contacts. Please let me know if you take this material and how much my return will be. – From Dawn in Modesto, California A: Thanks for your question! We get a range of silver contacts to refine. Your 20 pounds of material meets our volume requirements for […]

CLICK FOR MORE>>

Q: I have 10KG of silver cell batteries. Do you take this material? — From James in Arlington, TX Refine Silver Oxide Batteries A: Thank you for your inquiry! YES, Arch does refine the silver from silver oxide batteries. The first item to note is that we do not accept co-mingled lots, so you will […]

CLICK FOR MORE>>

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