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500 grain sterling bars

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500 grain sterling bars

Postby Lemon Thrower » Wed Jan 12, 2011 10:53 am

I was asked to buy some sterling bars which are 500 grains each. that is a little over a troy ounce, albeit at .925. If i did my math correctly, each has .96 ounces of silver.

what would be a fair price for these considering they are only sterling?
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Re: 500 grain sterling bars

Postby beauanderos » Wed Jan 12, 2011 1:19 pm

Try to get at least a ten percent discount, fifteen would be better. The smelters won't pay above that for sterling. If you want to flip them you'll need another ten percent for profit... so maybe offer $21.31 each?
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