Category Archives: Forum Questions

Forum Questions

20 Pounds of Silver Contacts Refining Estimate

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

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

Precious Metal Value of a Platinum Ring

I want to sell my platinum ring – it says 950 on the inside. It weighs about 1 – 1.5 ounces. How do I quickly proceed? How long does it take? Thanks. From Andrew in North Bend, Washington.

Hi Andrew,

This sounds too heavy for a ring, but the mark you are referring to indicates the purity of your platinum ring. The “950” marking means that your ring is made of 95% pure platinum and is alloyed with 5% of some other metal. As a precious metal refiner we only take into account the weight, purity and daily platinum price. So the maker, place of origin, quality, and date made may affect the retail value, but will have no consideration in the precious value melt value of the platinum.

As for time, we typically can return a check to you within 7 business days (usually less) of receiving your material. And if we do not have to run further testing on the purity, it should take less than 7 days. We return 70% of the fine platinum value based on the weight and market price.

Hope that helps you out. Here is our packing slip should you decide to sell: http://archenterprises.com/packingSlip.pdf

Value of a 57 Piece Sterling Silver Set

I have a 57 piece sterling silver set that includes 10 place settings of 5 each plus 7 extras; gravy scoop, meat fork, table spoon, pierced spoon, pie server, butter knife, and sugar spoon. How much would this roughly weigh, and roughly what is the value if I sell to melt it? Thanks! From Jeff in Nashville, TN

Hi Jeff,

Without the weight, it would be near impossible to give you an estimate to what your silver pieces are worth for the silver value. Do you have access to a postage scale or food scale you could use? Really you would only have to weight 12 pieces of your 57 piece set. One of each piece in your place settings and your 7 “extra” serving pieces.

As precious metal refiners we will take all of your pieces and weigh for the sterling silver value ONLY. So we would take a part any pieces that we could to make sure that they are not weighted or filled.

See these blog posts about sterling silver that may help:

About sterling silver knives: www.precious-metal-refining.info/value-of-knives-from-sterling-silver-sets/

About sterling silver serving pieces: http://www.precious-metal-refining.info/silver-cake-server-and-serving-spoon-stamped-with-%E2%80%9Csilver%E2%80%9D-precious-metal-refining-blog/

Once we have the weight of the sterling silver only, we would multiple with the daily silver value, then we payout 75% of the silver value back to you – the customer. Here is a post from someone that had a 69 piece sterling silver set and the silver price used that day was $33.66/troy ounce. http://www.precious-metal-refining.info/where-to-sell-sterling-silver-flatware-set/

Hope that helps you out. Here is our packing slip should you decide to sell: http://www.archenterprises.com/packingSlip.pdf

*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.

How to Sell & Send Silver Contacts to the Refiner

It has been a little while! But we are still here and want to let you know that you can still keep sending us your questions! If we don’t respond right away on our blog please contact us more directly on our website contact form here: http://www.archenterprises.com/contact-us.asp.

Question: I have silver contacts on copper. Can I leave the contacts on the copper or do you need them off? — From Jason in Boston, Massachusetts

Hi Jason,

Thanks for your question. Please remove the copper from the silver and only send the silver contact material into refine. We pay on the weight of the silver, so by doing this you can also have an accurate idea about how much silver you have and also save on shipping.

For heavy items we recommend going with USPS flat rate boxes. The largest box you can mail with flat rate boxes is 23 5/8” x 11 3/4” x 3”.

We would recommend taking the copper to a scrap metal recycling facility in your area.

*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.