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Made it down to the yard today first run of the New Year
prices out here on West Coast
Cans .30
AL mixed .28
Brass breakage .80
Brass Yellow 1.15
ICW low grade .50
xmas lights .12
It was fairly busy at the yard and there was a couple standing around while the yard was testing what looked like sterling silver bowls, candle holders etc in three 30 gal. garbage cans.
Not sure what they were paying but some sterling goes $11 oz. must have been a hundred lbs or more.
100 lbs would have been 1458 troy ounces at $11.00 t oz they would have had a very good pay day $16,000.00
pound to troy ounce converter
Sounds like the yard isn't making much on that sterling. It has to be at least 92% silver to be sterling, right (can it be higher?)? Spot this morning was $13.82 so an ounce of 92% sterling would be worth $12.71 and then someone has to refine the sterling to make closer to pure silver. Maybe yards always work with such low margins...
I don't know what the yard was paying but they destroyed each piece cutting it or taking it to a grinding wheel. Everything was coming out of uhaul boxes so maybe somebody scored at a storage auction?
could it have been silver plated items OP? if it was they were probably grinding it to make sure it was brass underneath.