Scrap Metal Credit
Sterling Silver Metal Scrap Recycling
Customers that want to sell back (“turn in”) sterling silver scrap in-store, have the option of cash or trade for scrap. Thunderbird Supply uses the Handy and Harman Silver Base Price, published at approximately noon Eastern Time on market days for its daily silver market. The quality of sterling silver scrap will determine price offered.
Thunderbird Supply Company accepts sterling silver scrap (including filings). Silver scrap metal should be separated by type of metal, filings, soldered scrap, and unsoldered scrap. We only accept silver or base metal scrap. Scrap metal is processed 1 to 2 business days after receipt. All silver metal scrap is weighed in troy ounces and payment will be applied at the silver market of that day. Base metal separated scrap is only purchased clean in nickel, copper, or brass at $0.20 per pound.
On the day the silver metal scrap is processed, you will receive the % of the daily silver market spot price, listed below for trade:
- Clean unsoldered or heated — 80% of daily silver market
- Heated and soldered — 70% of daily silver market
- Filings or melted — 60% of daily silver market
- Cash payout (clean scrap only, no solder/filings/melted) — 55% of daily silver market
Your trade credit will be applied to your Thunderbird account for future purchases. Please let your salesperson know that you would like to use your scrap credit on your account when placing your next order, so that it can be applied to your order.
Our Albuquerque and Gallup store locations can accept silver scrap for cash and/or trade. The Flagstaff store location can only accept scrap for trade.
Customers selling back more than 5 ounces of silver in a given transaction will be asked to show their photo ID.
Mail-In Scrap
If you would like to mail us your scrap metal, send it to:
Attn: Mail Order
1907 W Historic Route 66
Gallup, NM 87301-6806
Please double bag all scrap to prevent silver loss, and separate your scrap for a better return.
Be sure to include the following information:
- Customer number (if you have one)
- Name
- Address
- Telephone number
Thunderbird Supply reserves the right to refuse at any time and without prior notice, any or all scrap turned in for either trade or cash.
Terms are subject to change without notice. Last update: 2/24