Estate sale silver score. WoooWooo

DNADave

First. I don’t get why sterling is the red-headed stepchild of the metals family. But I’m tickeled to make this purchase. The price was as you see, but I was told I could make an offer, so I offered 700 which was accepted

People are on record here saying they wouldn’t have it. But coin silver is only 90%.... doesn’t make sense.

DNADave

illini420

Nice, heck of a deal!

Hemispherical

50,000 grains = 104.17 toz of sterling silver

Sterling silver is 92.5% silver

Which is 96.36 toz of silver

At $700 for 96.36 toz, then it’s $7.26/toz

Great deal! And pretty neat to have all 50 States.

Edit to add: I would test using specific gravity or whatever method is available and accurate.

asheland

Sweet deal!!!

dpoole

Great deals to be had with the Franklin stuff. Franklin Mint really pushed this stuff during the big silver run-up during the 1970s, and lots of folks bought those subscriptions and sets who were otherwise uninterested and uninformed with regard to PMs. Tons of these exist now in garage sales and estate sales, and people are dumping them for not very much.

GRANDAM

It would be a shame to melt them.

bronco2078

everything I see thats so many grains is franklin mint. It was like an obsession with them , or maybe just a 1970's thing

Hemispherical

A round number and four digits look better than 2.083 toz.

hchcoin

Very nice

Jinx86

Hard not to scrap a piece like that. Takes up so much room.

Baley

Nice set, bulky though, with the pretty box and all. Fifty states, interesting that the identical "other side" is facing up on all the bars. State sides toned at all?
How about a couple picks of some states?

johnny9434

nice pick up and you did very well from what I can tell

mapleman

Score!

KollectorKing

I bought this set of 36 1 ounce sterling ag president rounds from GW to Nixon for $500:

The seller purchased it from a yard sale for $35.00

BigMoneyLewis

Those 1000 grain Franklin mint bars usually sell right at $ 40 each on ebay . That's the minimum, most sellers are asking a good bit more . They do sell at $ 39-$ 45 each very easily. It's about $ 2,000 on the open market.
Certainly worth a lot more than melt. Are those the state banks ? what's on the other side ?
They did those state banks from I think 1970-1974 each year picking a bank from each state and showcasing the banks logo and hometown . VERY collectable .Sell them individually and you can get a lot depending on the state and how many people want to fight over it . I have about 30 or so myself that I have bought over the years . I especially go after the First national bank of Huntsville AL , that's the building in my icon on the left . Built in 1835 and still standing.

Lewis

illini420

Looks like someone working the sale must have took a quick look and just assumed they were 1 oz. art bars or something.

LukeMarshall

Nice!
Great info on scrap vs. sell from fellow board members here.
Either way
Score!

Timbuk3

Holy moly, "sweet" !!!

ricko

Dang... that is a sweet deal.... at $700 you made out great....Well done indeed. Cheers, RickO

DNADave

@Baley said:
Nice set, bulky though, with the pretty box and all. Fifty states, interesting that the identical "other side" is facing up on all the bars. State sides toned at all?
How about a couple picks of some states?

The Hawaii one has sold for as much as 70 and is probably the best one. This one has some prints on it though.

VanHalen

Looks like right at 3 kilos of pure silver. Close to 100 toz @ $7/oz.

Baley

Wai....whaaa?
It's not states themselves, but a bank from each state??

MsMorrisine

@Baley said:
Wai....whaaa?
It's not states themselves, but a bank from each state??

kind of a gas station idea, huh?

Timbuk3

Yup, the First Hawaiian Bank bar is big bucks !!!

Aloha !!!

cohodk

@Baley said:
Wai....whaaa?
It's not states themselves, but a bank from each state??

Damn "they"!!🏛🏛🏛💲💲💲

Baley

The irony is delicious.

Next, collectible gold medals featuring the various Federal Reserve chairpeople, and platinum ingots with the assorted Wall Street brokerages!

Downtown1974

Regardless of the subject matter on the bars, you got a GREAT deal! Congrats!!

astrorat

That's great! I think you may have been a beneficiary of numeracy ignorance. I bet the seller saw 50 bars of about a '1 oz size,' didn't know that 1000 grains is not 1 oz, but priced the 50 bars at an ounce a piece. Well done.

Outhaul

This score is deserving of a "YOU SUCK" award.

@DNADave, congratulations, YOU SUCK! Welcome to the club.

Cheers

Bob

DNADave

SWEET

Outhaul

We accept him, we accept him, one of us, one of us, gooble-gobble, gooble-gobble, we accept him one of us...

JimW

Awesome find - Congrats

metalmeister

You did great!

OPA

All I have to say is....Wow