Fast Payment for Silver!!!

[LawrencetheMDer]

Given the high spot price for silver and gold lately, I figured now is a great time to turn some silver into cash for the holidays. I sent about 190 oz of sterling silver to Midwest Refineries in Michigan. Imagine my surprise when I received a check a week later for over $4,700!! I thought for sure that it would take several weeks to get the settlement check, my wrong! Talk about quick service.

Midwest pays 90% of precious metal content; for example, an oz of sterling which has 92% silver content, would be about 82% of spot price. If spot is $30.00/oz for silver you’d receive about $24.60 for the oz of sterling. Compare this to 20-35% I would have received from a coin dealer or even worse from those “Buy Silver and Gold” outfits you see advertised in news papers.

I hardly even give businesses high rating for service, but you can’t beat Midwest for accurate weight and very quick payment. Btw, I have no connection to Midwest refineries. But the next load of silver or gold I sell, guess where is will be sent? Happy Hunting.

 

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[OBN]

I've done a few silver send in's, very happy with those. And looks like you did well!! Does look like you lost 7 ounces after the melt?

 

[TORRERO]

I've also sent stuff to them, always seemed on the up and up.

Funny story though the last time I sent some gold in a few years ago, I got notification that they had processed it and check mailed.. after waiting 2 weeks and no check, I called them and they said for $25 they would issue another check and cancel the first one.... Soo ok, I did right ?
3 days later I got the new check and was happy to see the cash....
only ... wait for it ....
3 days after that the first check showed up with a postmark from the original date... somehow DEJOY had lost my check in the mail and then found it again ha ha ha