Silver Refining Process and Payments – Sell Your Scrap Silver
DUE TO THE CURRENT SITUATION ON SILVER LOTS CAN TAKE UP TO 4 Months to process until further notice. the backlog of silver in all the refiners across the USA and the closure of a major refinery due to declining silver mining but expanded recycling has caused there to be a backlog in all silver processing. WE are affected as well. No solid pricing can be done or hedging, no exact dates of when it will be done can be promised at this time. We do lots on a case by case basis and once the metal is sold and your silver is processed it will be priced and paid accordingly, this is a market wide problem and no one is immune, this will be the case until further notice. Currently we are faster than most but we have also received a massive backlog. 999 silver is faster to deal with and can be moved in the market, non pure silver is what has backlogged the system. Effective on lots from September and October 2025 until further notice. we are sorry for the inconvenience but we have only so much processing power and the capacity to refine so much at a time. we can assist the best we can with your lots. Gold is unaffected.
Thank you for the understanding
Have scrap silver that you are looking to turn into money or pure silver bars?
With the ability to both refine silver and create hand poured bars in-house we are able to offer industry leading scrap prices. Many other refineries can only do half of this process and therefore pass the additional costs onto the consumer and pay less for your scrap.
We accept many forms of pure or sterling silver items, and have created a list below to show some of the most common things we handle on a day-to-day basis. Generally the only form we will NOT accept are items that are silver plated. If you have any questions about the process or the eligibility of your items you can contact us by email here, or call us at 970-797-0435.
| Accepted Forms of Silver |
|---|
| -Sterling Silver Flatware, Candle Sticks, Serving Trays, Teapots, etc. |
| -Sterling Silver and Pure Silver Jewelry |
| -Silver Bars and Coins |
| -US Coins that contain silver dated 1964 or earlier |
| Scrap Silver Payment Rates |
|---|
| -Less than 10 ounces – 70%-80% of current markets melt price |
| -More than 10 ounces – 80% of current markets melt price |
| -More than 100 ounces – 82% of current markets melt price |
**For silver lots of less than 70% fine prices are less, the reason for this is the acids used to dissolve the base metals and silver usage goes up to dissolve such metals. If the lost is less than %70 and more than %40 pure, we will pay accordingly to the market of the values.
For less than %40 purity silver we will pay 60% and less.
Step One: Documentation and Shipping
Begin the process by printing a Refining Request form and filling out the top contact portion, this document can be found here. After all current information is added to the top of the form securely package your scrap metal for shipping. We recommend sealing the scrap in zip-lock bags, and then using either a bubble mailer, or one of the priority mail cardboard boxes that are provided free by the USPS. We recommend getting a delivery confirmation number with every package and insurance if needed. Be sure to include all of your scrap as well as the request form with your contact information on it and mail to:
PG&G
309 S Summit View Dr
Unit 16
Fort Collins, CO 80524
Be sure NOT to put Prospectors Gold and Gems on the package or anything that may indicate that something of value is inside. This will help to ensure it arrives safely. Also since we offer the service of purchase or conversion into bars please let us know if your are either A) Selling the results OR B) Requesting product return and what you would like the metal made into.
Step two: Metal Verification
When your scrap lot arrives at our secure facility it will be immediately verified for the contents inside. Any non silver or questionable items will be removed for efficiency so it does not dilute your lot and can be returned so you can be a better buyer and know what is good silver and what is not. We will photograph your lot, as well as do an initial weigh-in. After entering this information into our database we will then reach out by phone to let you know your scrap has arrived and answer any questions you might have. If you cannot be reached by phone will send a verification email.
The scrap will then be moved to our prep station and the real refining process will begin!
Step Three: Initial Melting Phase
Step Four: Testing
We then Test and Assay the metal to determine the contents and values contained with in your lot.
Once the assay is finished we can let you know the values and get to work sending payment or product.
Step Five: Refining
For silver we use an electrolytic refining process to purify the silver to 999+ fine. This grows pure silver crystals of 9999 purity and leaves the base metals in solution, Every day we harvest this pure silver and manufacture it into our famous quality bars!