LATEST MIDWEST ADVENTURE-LAME! BE CAREFUL YA'LL! LONG!

[Gulf Hunter]

This is what I sent and all I'm getting back is a lousy $159.07. The point is, I asked for a 10OZ bar and should have had the opportunity to get what I want. For those of you who sell, they are probably the best deal around, but for looters like myself, asking for a bar, is apparently unreasonable and that is my beef. I wanted a bar, as the values are increasing and now I got nothin'! Will post the invoice when received so ya'll can see the details. Last year I was simply allowed to send a cashier's check to make up the small difference and I got what I asked for, but this year I DID NOT GET WHAT I ASKED FOR! I AIN'T HAPPY!
[attachment 80367 Silverbatch2.JPG]
This years silver lode from April to the present.
Scott AKA Gulf Hunter






Scott, the information you requested is on the way to you in the form of a settlement report. You should be receiving it any day.

Sincerely, Gary Frenkel
Midwest Refineries
----- Original Message -----
From: Scott
To: Gary Frenkel
Sent: Thursday, February 07, 2008 10:36 AM
Subject: Re: Re: Hello Gary..........


I understand that you are busy Gary, but I asked for bars and we did it that way last time. I should have had the opportunity to make that decision, instead of ya'll making it for me. I don't appreciate how this was handled. This may be the last time I use your company unfortunately, but I'm sure it really does not matter, based on how busy you are. There will be others who follow my lead. I can't imagine that I would be that upside down on 13 troy oz. of .925. It should have been much closer, than the settlement reflects on a 10 troy oz bar. I would like an invoice copy of my results on both orders, with troy ozs received, wt. after melt, assay yield, troy oz's contained, % payable, troy oz. payable, market price and settlement amount faxed to ........

Sincerely,
Scott AKA Gulf Hunter

Gary Frenkel <gary@midwestrefineries.com> wrote:
Scott, your settlement was $159.07. With the $1.50 premium over the silver spot price of $16.20, for a 10 troy ounce silver bar, would be $177.00 plus shipping and insurance. We have been swamped with orders, due to the high precious metal prices and are trying to settle orders as fast as we can. That is why we issued a check for your order.
Sincerely, Gary Frenkel
Midwest Refineries
----- Original Message -----
From: Scott
To: Gary Frenkel
Sent: Wednesday, February 06, 2008 10:26 PM
Subject: Re: Re: Hello Gary..........


I did not ask for a settlement check on my batch Gary! My sister wanted a check! There was specfic instructions in my package to return bars!

Scott

Gary Frenkel <gary@midwestrefineries.com> wrote:
Scott, your order was completed and settlement checks went out to you both. You should be receiving it in a couple of days.
Regards, Gary Frenkel
Midwest Refineries
----- Original Message -----
From: Scott
To: Gary Frenkel
Sent: Wednesday, February 06, 2008 10:27 AM
Subject: Re: Re: Hello Gary..........


Thanks Gary, I appreciate you taking the time for an explanation. Will await to hear from ya'll on the settlement.

Sincerely,
Scott AKA Gulf Hunter

Gary Frenkel <gary@midwestrefineries.com> wrote:
Scott, our published turn around time is 4 to 5 business days from receiving the order. Dispite the high prices of precious metals, we arte still managing to complete and settle orders within that time. We have no control over the market prices.
Sincerely, Gary Frenkel
Midwest Refineries
----- Original Message -----
From: Scott
To: Gary Frenkel
Sent: Tuesday, February 05, 2008 11:44 PM
Subject: Re: Re: Hello Gary..........


OK, I understand now. Kinda a bad deal if you happen to be in a selling mood, as ya'll just wait until the value drops and do the settlement. Just a different spin or way of looking at it. From my perspective, it is better, as I refine, so my loot is cheaper. It all comes out in the wash, as every year is different. Please don't take offense, but you need to know how this looks to a customer. I understand that an accurate settlement cannot be determined until the assay is performed on the metal.

Scott

Gary Frenkel <gary@midwestrefineries.com> wrote:
Hi Scott,

Gold and silver orders take 3-5 business days to be completed. That being said your order should be complete on Thursday this week. The market price is determined on the date of settlement.

Sincerely,
Brad
Midwest Refineries
----- Original Message -----
From: Scott
To: Gary Frenkel
Sent: Tuesday, February 05, 2008 8:13 AM
Subject: Fwd: Re: Hello Gary..........




Just wondering how we were coming on my batch received on Jan. 30th Gary(gold closed at $925.30 and silver at 16.84)? Also had a question in regard to funding. Am I paid or credited on the date the metal is received or the settlement date, because if I am paid on the settlement date, it looks like I just lost quite a bit on my sisters lot anyway? Lemme know what is going on please, when you get time. E-mail or call at ......

Scott

Scott wrote:
I have sent another batch of my silver findings for 2007. I have included instructions on how to proceed. I also have a batch of gold and silver scrap that belongs to my other sister, for a check. You should see it in a couple of days, I'm sure ya'll are really swamped! Will send gold in after silver gets back probably. Should you all have any questions, call me at ....... I would like to know how the assay comes out on the silver, before a decision is made on the bars. Thanks!

Scott AKA Gulf Hunter

 

[bdahunter]

n/t

 

[Mat in MA]

you should have had a letter or note enclosed stating exactly what you wanted. If they couldn't give you what you wanted, NOT to melt the items down, but instead return them back to you to be shipped again at a later time.

Better luck next time.

 

[Arkie John]

...and ask him/her to cast it for you, if all you want is a bar of a certain weight. It ain't rocket science for a person that has the set-up. A little dental investment and a torch that will attain 1875 degrees f will make gold look like mercury.

With a lost wax technique the gold is slung into the mold using a centrifuse and trimmed to the exact weight you want.

Methinks going to the yellow pages might get you a lead or two.

Personally, I hang on to my good stuff. (I like lookin' at it ) I'd much rather have the goodies to look at than a couple hundred lousey greenbacks.

Gold will be GOLD when a dollar is not ever a dollar. <><

aj

 

[jtalley007]

Don't know if they do bars or not but a friend just sent his loot to Florida, the prices were better and they gave him a choice to speculate on the price with the market or lock in for that days price. He was pleased. He weighed his stuff before shipping and got back exactly what they promised.

 

[Gulf Hunter]

n/t

 

[Gulf Hunter]

n/t

 

[Gulf Hunter]

I would be interested in this place for future orders, thanks for the lead.

 

[Gulf Hunter]

John, I send my loot to Midwest, to get back .999 fine bars. The point is not to have it melted into a bar, but to get back the total refined amount, as it makes things much easier to check spot, savvy? Guess I'll take my $159.07 and go shopping for a 10OZ. silver bar!
[attachment 80400 silver.JPG]
One of these is what I had in mind!

 

[gold-digger]

n/t

 

[rmptr]

I don't quite understand the NEED, or desire to convert a worked bit of hallmarked 925 into .999 bars.
A sack of one doesn't set in the vault any better than the other.

A piece of metal that is tooled can be sold for a % higher than spot value.
Refine costs have always been in the same ballpark.
Value of metal always goes up, related to frog skins.
Why not hold off on cash outlay until necessary?

I am fully aware of how much you have touted the refiner in the past,
and you shall most likely engage them in the future...

I have never heard of a refiner folks did not claim was suspect.
As you have discovered, it goes with the territory

A roomful of speedy workers with loops and picks could easily be popping out those semi-precious stones that are to be "vaporized," and their value could easily exceed that of a pile of silver jewelry.

I'd sooner try my hand at investment casting and sell skull rings on the bay to goth'ed out kids than send it off to a refinery.

Not really...

But a 1 pound silver skull would probably bring a nice price!

 

[Arkie John]

I still will just 'collect' my goodies and look at 'em from time to time. Then, when I kick, my kids can fight over 'em.

Come to think of it, I wouldn't mind lookin' at .999 fine bars either!!

aj

 

[BEACH HUNTER]

It takes me very little effort...I some times use craigs list....also over the years I have met up with others who will buy everything I got...at some great prices!! I do not know how it is in Texas.... but up here those heavy figaro silver chains go for $100++ !!! I save all the useful parts like clasp ect and repair and polish what I can...I get 3 to 4 times melt value on those things!! You could get your self many more"BARS" this way!!! It is easy to get at least 2x melt on alot of the silver rings ect....that alone makes much more sense don't you think? Just my thoughts on the whole thing...HH

 

[Parkit]

It sucks to hear that one of the "better" precious metal operations is treating customers the way they treated you, especially as a repeat customer. There's no good reason for it, busy or not they need to be aware that their reputation is on the line with each and every transaction. Nobody likes thinking that when they send their loot off they're getting into a crap-shoot where the other side is using loaded dice. I understand your problem and think they treated you wrong, and one way or another it's going to cost them in the future. Personally I'm going to hold off selling until I hear that Midwest is NOT like all the other guys with an attitude of "tough crap, you get what WE want to give you".

Steve

 

[Boston Bob]

n/t

 

[mickfin]

Do you have some INFO on this place in FL?????????? Thank you

 

[Gulf Hunter]

OK ya'll, perhaps I was a bit hasty in my previous post and would like to partially retract my previous accusations toward Midwest, after giving it some thought. They are probably setting all time records right now and my bar was probably low on their priority list. Allow me to recap, but in a less hostile tone. I sent in this batch of my 2007 silver and some scrap gold & silver, belonging to my sister.
[attachment 81470 Silverbatch2.JPG]
Of course the batches were separated according to ownership and specific instructions were placed into the baggy of each lot. My sister simply asked for a check for her scrap gold and silver, but I was hoping for at least a .999 10 troy oz. bar, or better. We both had checks issued and I WAS NOT dissappointed in the settlement amount, but only that I did not get what I asked for. My total troy ozs. contained, as ya'll can see, was 11.15 troy ozs., so there was PLENTY of silver for me to get a 10 oz. bar.
[attachment 81474 midwestsilver2.JPG]
I started shopping for a bar, after getting the check, to resolve my issue. Inquired with Bullion Direct (used and endorsed by Skully). Turns out they have excellent taste in location and are here in Texas, LOL! Well, what that means to me, is I have to pay sales tax, which is BAD for the bottom line! I began watching bars on e-bay too, but discovered that they are being viciously fought over and winning bids are in the range of what I could have expected to pay from a reputable company, like Bullion Direct. I bid on a couple, but they were unreasonable, toward the end of the sale. I began searching for an alternate source for the bars. I discovered APMEX (American Precious Metals Exchange). They were very competitive and I did NOT have to pay sales tax. The governor, can get his revenue elsewhere! On 2/14, I pulled the trigger and purchased a 10 troy oz. silver bar and it cost me $179.60 + shipping and insurance. The total cost was $194.94.
[attachment 81472 silver.JPG]
I asked for an Engelhard, as that is what my others are. They told me that there was no guarantee of getting that brand, but they would try, based on availability. I received this! Johnson/Matthey! I can go that route! Still a fine looking bar and a great name too! My settement check was for $159.07, from Midwest, so I simply paid the $35.87 and took care of the issue myself, savvy? That is all I really wanted anyway, simply to get what I asked for. I like the idea of investing in the precious metals market, but who has the $ to do that? Us pirates, just have to do it the old fashioned way! I LIKE IT! I'M HAPPY!
[attachment 81473 IMG_0001.JPG]

 

[bdahunter]

I'm glad you got what you wanted, Mate. Even if you had to get it in a round about way. I think it was more work for you than it would have been for Midwest but the result is what counts in the end.

Good for You,

BDA

 

[Chi Town Bruce]

n/t

 

[Ron Lord]

Gulf Huhter , your invioce show you had 11.158 troy oz. of Silver, less 1.333troy oz. for Refinning leave 9.819 troy oz. of .999 Silver this why they didn't send you a 10 oz bar. Remember that REFINERIER ChARGE that you agreed to? 12%