When I sent off my last batch of Sterling silver, I took a gamble. The refiner received my shipment one day ago, so I probably won't hear back from them until maybe the end of next week. If I get a voicemail from them in the next week or two, I'll know if my gamble failed or not.
No, I'm not trying to cheat them. A few months back I sent in a load and when they sent back the silver bars I requested, they owed me 1/2oz of silver. Instead of sending me a check, they sent me this.
This 1/2oz silver round isn't something they sell on their website. I didn't know they existed until I received this. So, what did I do that's "risky?" I asked them to send me more instead of 1oz bars.
Why would I do this? Their 1oz bars already command a premium. Every time I've sold them, it's been for easily $5 over spot price, and they're gone within an hour or two. On a really slow day, maybe they're gone in four hours.
Most people have never seen these. Far fewer even own them. Can you imagine the premium I could charge? I could sell half of them at an $8+ premium to pay for all of my costs and keep the rest as pure profit. Then again, that's if they're willing to make them. I'm guessing they'll probably say no and I'll get 1oz bars, which is still perfectly fine with me. But it doesn't hurt to ask, right?
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