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<p>[QUOTE=&quot;say_it_slowly, post: 2065447, member: 50&quot;]I use this calculator to estimate the value as scrap. Spot just means what silver might be selling for on a particular day. I haven&#039;t sold any for scrap in awhile (I&#039;m more of a hoarder<img src="styles/default/xenforo/smilies/rolleyes.png" class="mceSmilie" alt=":rolleyes:" unselectable="on" />). </p><p><br /></p><p>Basically sterling is only 92.5% silver so the refiner subtracts the 7.5% that isn&#039;t pure. Then they pay something for the value of the pure silver. The place I used last charged about 10% so using the calculator you put in the weight (oz, gram etc) and it gives you the value of the actual silver. Then if you want you can subtract the what you&#039;ll lose in paying the refiner.</p><p><br /></p><p>So for me I put in the weight then -10% in the profit/loss to get an idea of scrap value. Not sure it&#039;s a perfect value but it gives me an idea. This is what came up on yesterday&#039;s spot price of silver using his weight minus refiner&#039;s 10% cost so $243.12</p><p><br /></p><p><a href="https://www.silverrecyclers.com/Calculators/ster_calculator.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.silverrecyclers.com/Calculators/ster_calculator.aspx" rel="nofollow">https://www.silverrecyclers.com/Calculators/ster_calculator.aspx</a></p><p><br /></p><p>[ATTACH=full]249587[/ATTACH][/QUOTE]</p><p><br /></p>

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