Originally Posted by
Reelman65
OK,
They pay half of shipping.
$1/lb charge, between 3%-%5 of PM value and $5/ounce of PM.
minimum of 2000lb.
60-90 day turn around
you get money, not your PM, based on that day's closing price.
I probably will not move forward with this deal, this time. I have the 2000lb but that represents a couple of months work for me and I am too afraid to risk it. I need the money now for a new trailer etc.
if I ever hit the motherload, I will give it a try though.
turn around is way too long. 30 to 45 days even on a small lot. 15 to 30 days on large lots. what metals do they pay on. does it include copper. what are they paying for copper. will they let you pool your metal? and will they let you pool individually and sell selectively. some of the processors will advance a percentage based on assumed recovery. be careful if you do that.
the real question is what are their average returns for known material. should be quoted as weight returned vs weight received, NOT as a price per lb. and it should be quoted in troy weights and not avoirdupois. including copper.
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