Hi all, Chasing some advice please. Recently rescued my stash from flooded waters. Some pamp 1kg bars - certificates, various tubed coins and some collectors items with certificates in boxes. All well under water and soiled. Do you clean it or not??... If you how? Haven't looked at it since getting it Monday. MD
Yeah grab a bottle of Tarn Off from Bunnings, in the cleaning section, about $15. Be careful with it, wear gloves. Coins and silver will be ok, the rest will be stuffed. Rinse off the silver in De-mineralised water from the supermarket. $1.50 per 2 litre. I clean it by immersing in a sandwich bag, wont need much to do the job
Silver is silver and worth it's weight no matter what condition it is in. Unfortunately the numismatic stuff most likely has lost its numis value.
Flood... remove kids then pets then precious documents and metals etc. Many a flooded hosue has been raided! If you want to clean them you can use my ultrasonic cleaner (Annerley), it's small but just big enough for 1kg bars, it is industry standard, like used by jewellers and bullion dealers, as these do less damage than any other cleaning. Otherwise as we're talking bullion, a standard silver cleaning cloth; as the only thing that matters w/ bullion is weight, and you would be removing .0001 of a gram or maybe even less. Negligable, they will still be 1kg. PM me if you want to use my cleaner, but if I was flooded I'd probably not bother w/ it and just a wipe w/ a silver cloth.
Why clean it, but of course dry it out. Take some photos, upload here as proof. When you want to sell, link the post back to this thread At the time of sale in the future, if tarnish look ugly clean it. But if it looks good sell at premium as flooded silver and by linking it back, you have some "story" to go with it. Premiun could be zero or decent percentage, few years back "good looking" tarnished" silver was a "thing" and trends repeat
sorry mate but thats all spot now. even if it was in a capsule it will tarnish from that and water spots are very obvious on dried coins especially dried dirty water. silver is up and likley to crack $45 soon, i suggest you move it when that happens , just mention it is flood damaged and i am sure people will still snap it up at silver
Always move it at almost any price as long as you profit on the turnover and build stock from the profits. I buy 50 perth mint rounds at a time (at any price) and advertise them at a $2-3 profit each (above the replacement value). when I sell 50 (in 1 sale) I buy 50 more at about $150-200 less than what I got. Every now and again increase your stock from the profit. I'm always happy to sell 1 of my kg bars if I can buy another w/i 1/2 hour for at least $50 less.
The world is awash with silver and gold. There is no moonshot possible when you can dig it out of the ground. Once you hear the last mine closed down and no one is exploring for new mine, that is the day ToDaMoon