...melting silver into bars worth the work?

Discussion in 'General Discussion' started by schoser, Feb 23, 2012.

  1. schoser

    schoser Well-Known Member

    Joined:
    May 6, 2007
    Messages:
    5,459
    Likes Received:
    52
    Gender:
    Male
    Occupation:
    hvac installer
    Location:
    Sierra Vista, AZ
    Is it worth the time and effort to melt silver rings/jewelry into bars? Anyone know how to do this correctly?
     
    Megagold likes this.
  2. Ric-san

    Ric-san Well-Known Member

    Joined:
    Mar 6, 2008
    Messages:
    9,397
    Likes Received:
    2,258
    Gender:
    Male
    Occupation:
    Aircraft Structural Mechanic @ USAF Hurlburt Field
    Location:
    Milton, FL (near Pensacola)
    Interesting question...I have no idea and look forward to hearing comments...
     
  3. westgateblvd

    westgateblvd Well-Known Member

    Joined:
    Nov 29, 2008
    Messages:
    7,569
    Likes Received:
    2,880
    Occupation:
    Janitor
    Location:
    Duluth, Mn
    I'm not sure either, but I think that it would have to be PURE SILVER.. Otherwise there would be an aloy in it that you would have to figure out how to remove..
     
  4. homefire

    homefire Well-Known Member

    Joined:
    Apr 30, 2008
    Messages:
    11,910
    Likes Received:
    2,381
    Gender:
    Male
    Location:
    Deming New Mexico
    NO! Marked Items are easier to sell then a home brew ingot would be.

    Your going to need to pay for Assay of the Bar.

    Leave them as they are.
     
    HungryGhost, Ric-san and Megagold like this.
  5. Megagold

    Megagold Well-Known Member

    Joined:
    Nov 26, 2011
    Messages:
    6,957
    Likes Received:
    6,320
    Gender:
    Female
    Location:
    Santa Cruz Ca
    This is a good question, as for myself, I wouldn't...:)
     
  6. DBG

    DBG Well-Known Member

    Joined:
    Aug 1, 2011
    Messages:
    3,956
    Likes Received:
    1,495
    Gender:
    Male
    Occupation:
    Unimployed
    Location:
    TENNESSEE
    Only if the Ole Lady keeps borrowing them and forgets to return them. J/K LOL
     
  7. ahisey

    ahisey Member

    Joined:
    Jan 21, 2010
    Messages:
    151
    Likes Received:
    13
    Occupation:
    aircraft electricity specialist
    Location:
    enid, oklahoma
    i do this quite frequently as a hobby. it's very fun. it is a little time consuming, but that's part of the reason i like to do it. i've even sold several bars on ebay. no need to pay an assayer. just acid test what you are melting, and test your final product. always be sure to melt only marked items and keep different purity items separated. it's perfectly fine for individuals to mark their own silver, you just can't knowingly mark it with an incorrect purity marking. i do this in my garage in my spare time and it's neat to take a few old tarnished or broken pieces and transform them into something shiny and new again. here are a few of mine that i've made.
     

    Attached Files:

    schoser and rip like this.
  8. HungryGhost

    HungryGhost Well-Known Member

    Joined:
    Aug 24, 2010
    Messages:
    7,217
    Likes Received:
    12,856
    Gender:
    Male
    Occupation:
    Trophy Husband
    Location:
    Lower Hudson Valley NY
    I second this!
     
    schoser likes this.
  9. Ric-san

    Ric-san Well-Known Member

    Joined:
    Mar 6, 2008
    Messages:
    9,397
    Likes Received:
    2,258
    Gender:
    Male
    Occupation:
    Aircraft Structural Mechanic @ USAF Hurlburt Field
    Location:
    Milton, FL (near Pensacola)
    ahisey...maybe you could do a post about the way you do this for us all to learn (those interested)...thanks...
     
    schoser likes this.
  10. rip

    rip Well-Known Member

    Joined:
    Apr 21, 2005
    Messages:
    11,427
    Likes Received:
    3,663
    Gender:
    Male
    Occupation:
    bum
    Location:
    upstate NY
    I second this ! Heres an idea....instead of melting your silver into bars...maybe you could cast your silver into something unique...like a statue or some other type of art form.Something like that could potentaly double the value of your silver....I do carvings and go by the name "that soon to be rich artist formaly known as Terry" lol
     
    Buster and schoser like this.
  11. Super 64

    Super 64 Active Member

    Joined:
    Jan 16, 2012
    Messages:
    356
    Likes Received:
    206
    Gender:
    Male
    Occupation:
    Medically retired Army UH-60 guy.
    Location:
    Santa Rosa Beach, Florida
    I would be interested in the process involved. But if we ever got to a bartering system due to the crash of the dollar, I think I'd want something significantly smaller than an ounce or half. Which is why I'd keep dimes in their current form and probably make small things out of others that are worth more in silver than they are for a collectible.
     
  12. schoser

    schoser Well-Known Member

    Joined:
    May 6, 2007
    Messages:
    5,459
    Likes Received:
    52
    Gender:
    Male
    Occupation:
    hvac installer
    Location:
    Sierra Vista, AZ
    great responses to my question guys, thank ya's.....i can see either side of the token with melting versus not...or doing both even. I've been watching the how-to videos on youtube and it doesn't look all that tough. might try it with copper in the near future.
     
  13. bdahunter

    bdahunter TQ's Master Pirate

    Joined:
    Jul 5, 2006
    Messages:
    8,926
    Likes Received:
    599
    Gender:
    Male
    Occupation:
    Professional Pirate
    Location:
    Chetumal, Mexico
    Personally, I'm a fan of precious metal coins even though they are a premium item - it's the known quantity of a 1 ounce, minted coin that makes the added value worth the added up front cost to me. In a barter situation this would be well worth the extra expense to me and I would think the other party because you would know you were getting fair value. A homemade ingot has less redeemable value in my mind because you're just not sure what you're getting - but this is just my personal opinion.
     
    Ric-san and schoser like this.
  14. bdahunter

    bdahunter TQ's Master Pirate

    Joined:
    Jul 5, 2006
    Messages:
    8,926
    Likes Received:
    599
    Gender:
    Male
    Occupation:
    Professional Pirate
    Location:
    Chetumal, Mexico
    If I was going to form silver into something other than a coin I would form it into silver bullets because I think there is an added value there. As a curiousity it might be worth more than the silver content and cartridge combined.:cool:
     
    Ric-san, rip and schoser like this.
  15. steve07

    steve07 Well-Known Member

    Joined:
    Oct 24, 2010
    Messages:
    6,194
    Likes Received:
    657
    Gender:
    Male
    Occupation:
    Retired/Disabled
    Location:
    Northwest Connecticut
    Yeah, but ballistics tests show that Silver bullets are very bad to shoot and there trajectory can be a little "off" (Saw a show about Werewolves and the problems of shooting Silver Bullets!). I also used to know a guy that made them as a novelty item, based on the Lone Ranger, and he tried shooting them and they are not very accurate after 30 feet.
    Do as you will and have fun!!!
     
  16. bdahunter

    bdahunter TQ's Master Pirate

    Joined:
    Jul 5, 2006
    Messages:
    8,926
    Likes Received:
    599
    Gender:
    Male
    Occupation:
    Professional Pirate
    Location:
    Chetumal, Mexico
    If I had to shoot a werewolf I think I would let him get closer than 30 feet before opening up on him with the silver bullets - darned things are expensive.:D After all, he might just be out for a walk in the moonlight.
     
    steve07 likes this.
  17. ahisey

    ahisey Member

    Joined:
    Jan 21, 2010
    Messages:
    151
    Likes Received:
    13
    Occupation:
    aircraft electricity specialist
    Location:
    enid, oklahoma
    in my experience of selling a few of my bars on ebay, i found that people are willing to pay a premium over spot price for them. don't ask me why but they do. i usually actually get MORE for a bar than i would for the equivalent amount in pieces of assayed, marked jewelry, so naysayers can say what they want but i've been doing this for a while and i know the numbers. i never melt coins, only sterling jewelry and damaged pieces of flatware and hollow ware. you would be amazed where you can find that stuff for cheap. (i love flea markets and junk shops). i usually pay much less than melt value for the sterling silver i use. i then put a little time into creating bars from it because i think it's enjoyable. i can then sell a bar on ebay for a dollar or two more than current melt value and take the proceeds down to the coin shop and buy a handful of silver dimes. i did that yesterday:).
    i am by no means an expert in casting, but if y'all would really like to see my little garage setup, i could start a new thread and tell how i do it. it's really very simple, and startup costs are not bad. finally i found a hobby that pays me back:D.
     
    Ric-san and schoser like this.
  18. bdahunter

    bdahunter TQ's Master Pirate

    Joined:
    Jul 5, 2006
    Messages:
    8,926
    Likes Received:
    599
    Gender:
    Male
    Occupation:
    Professional Pirate
    Location:
    Chetumal, Mexico
    Sounds interesting ahisey, I'll look for that thread. It's always good to get new ideas.
     
    schoser likes this.
  19. Mich49

    Mich49 Well-Known Member

    Joined:
    Oct 24, 2011
    Messages:
    1,453
    Likes Received:
    468
    Gender:
    Male
    Occupation:
    Retired
    Location:
    Michigan
    Yes Id like to see the pictures and your math to figure the selling price.
     
  20. schoser

    schoser Well-Known Member

    Joined:
    May 6, 2007
    Messages:
    5,459
    Likes Received:
    52
    Gender:
    Male
    Occupation:
    hvac installer
    Location:
    Sierra Vista, AZ
    yes ahisey please do...it would be helpful and interesting to see that. thanks!
     

Share This Page