If you bought an old house, you should search it carefully for bits of gold, silver and even platinum that could be hidden from sight. And if you are about to sell an old house – maybe one that was owned by a family member – you will obviously want to search it carefully to be sure you will not be leaving any precious metal items behind.

Silver can be found in many kinds of liquids, including printing inks, cosmetics, medicinal creams, chemicals used in a variety of industrial processes, and more. And as we have written on this blog before, Specialty Metals Smelters and Refiners has the expertise and experience to separate silver scrap from the liquids where they are found. In many cases, that process is simple - we introduce a chemical which causes silver to precipitate out of the solution. That’s another way of saying that the silver falls to the bottom.

We think you will like – and profit from – the information we will give you in today’s post.

We will tell you about sources of gold and silver that many people overlook when they are looking for precious metals.

Over the last few months, gold has been occupying center stage for people who invest in precious metals. And with good reason! As we have noted on this blog over the last few weeks, the trading price of gold has broken all previous records.

But before you turn your back on other precious metals, we would like to point out something that is obvious, but easy to overlook . . .

As we have written before on this blog, old x-ray films contain silver that we can extract for you.

But how much silver do they contain? That’s what a number of our clients have wanted to know over the years. They have called to ask questions like this . . .

Because we are a very efficient, active and productive silver refinery, we can answer the following question for you . . .

Why is recycling silver different from recycling gold, platinum, palladium and the other precious metals?

As we write today’s post, we are in the midst of a near-epidemic of fear about the Coronavirus.

And this epidemic of fear is more troubling than earlier ones we remember, like the one that preceded the start of the year 2000. Why? Because unlike that false crisis, when conspiracy theorists were predicting that world currencies would crash, that airplanes would fall from the sky and that all the world’s computers would freeze, today’s crisis is based on bad things that are actually happening in the world.

For a couple in New Jersey, it was time to clean out the basement. A corrugated cardboard box they pulled off a shelf contained some interesting metal items they had inherited, but never really examined. They found a small silver-plated candle holder and a sterling silver lid that had probably once been paired with a candy dish or some other bowl.

If you’ve been around for more than a few years, chances are you have fielded phone calls from pushy companies that try to get you to buy silver coins and all kinds of other “investments.” The usual pitch centers on opportunity: some trend is about to make today a great time to buy some investment. And if you don’t, you are going to lose money or overlook an incredible investment opportunity.

We’d like to start this post by reminding our readers that silver is a precious metal.

You knew that already, of course, but have you forgotten that you can make a lot of money by recycling silver? If you have, it’s probably because silver is trading at such low prices compared to gold, platinum, rhodium and silver’s other precious brothers and sisters. Silver is not very glamorous.

Although cadmium is not a precious metal, there is money to be made recycling cadmium silver contacts.  (See “Recycling Silver Cadmium Contacts Can Give You a Big Payday,” a post we published on this blog in 2016.) 

Only a decade ago, film photography seemed to be dying as more and more photographers turned in their old film cameras and went digital. Then about five years ago, people started to set aside their digital cameras as they took more and more of their snapshots on phones.

What is an appliqué? It is a small decorative piece of silver or gold that is applied to another metal. The word appliqué is French, meaning “applied.” (An appliqué is also a piece of fabric that is sewn onto a garment as a decoration, but that is not the kind of appliqué we are writing about in today’s post.)

When we answered our phone a few weeks ago, a very nice gentleman told us that he had collected more than 1,000 used printer cartridges that he wanted to recycle. “How can I send them to you to be processed?” he asked. We had to give him the bad news that print cartridges do not contain precious metals. We explained that some of the ink they once contained might have contained tiny quantities of silver, and that some ink cartridges have circuit boards that contain extremely small quantities of gold - but that even in the best of circumstances, he didn’t have enough of any precious metal that we could profitably extract for him. We suggested that he take his cartridges to an office supply store that participates in manufacturers’ recycling programs.

A century ago when sterling silver was a relatively cheap metal, it was used much more extensively than it is today to make all kinds of items that were used by people every day. Most every home had silver, or silver-plated flatware, salt and pepper shakers, candlesticks and candelabras, serving plates and dishes, barware and other items for daily use.

Please take a minute to consider this imaginary story… You buy an old retail building that was once home to several stores. One of them was a pharmacy. While you’re exploring there, you open a drawer and find several dozen boxes of old wound dressings that contain silver. You then send those wound dressing to a precious metals refinery like us, we process them, and send you a nice big check for several hundred dollars. It's a nice fantasy, isn’t it? But if you find any, they are not going to contain enough silver to be worth much. Sorry to deflate your dreams of wealth. But let’s look at some other places where silver and other precious metals can be found in the world of medicine. 

If you’ve ever walked around an old industrial site hunting for precious metal scrap, you know that the search can be overwhelming. You examine heaps of dirt, piles of chemicals hiding in the bushes, old steel drums that contain dried or wet sediment, streams where chemicals and byproducts were once deposited, and all kinds of other places that could be hiding precious metal scrap. Although you cannot identify most precious metal scrap just by looking at it, here’s a quick visual guide to some of the materials that can often be refined profitably in our precious metals refinery.

We have noticed that it is relatively difficult to find scrap gold in dentists’ offices that are closing, probably because those dentists are savvy enough to capture and sell gold items, not sell them at bargain prices. Silver, however, is another matter. Where can you find silver to buy, and then recycle using a qualified precious metals recycler like Specialty Metals Smelters and Refiners?

Why would anybody bother to counterfeit sterling silver? After all, silver sells for lower prices than any other precious metal. Why would anybody take the trouble to counterfeit it? The simple answer is that counterfeiters have learned to take cheap, silver-plated tableware, stamp them so they look like they were made by prestigious manufacturers, then sell them to collectors for high prices. In other words, they are artificially inflating the collectible value, not the metallic value. 

We have previously written on this blog about all kinds of collectibles that can contain gold, silver, platinum and other precious metals. We’ve explored canes and walking sticks, barware, smoker’s accessories, buttons and medals, and lots more. Today, we’d like to direct your attention to another investment that should be on your radar... Boxes that contain precious metals.