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For all the naysayers that say silver is SLIPPING

rte592rte592 Posts: 1,670 ✭✭✭✭✭
in Precious Metals

I give you silver at almost $1000 an ounce, IF my math is correct.
$30 a gram :o (times 28.35) gives us $850 an ounce.

Comments

  • KliaoKliao Posts: 5,558 ✭✭✭✭✭

    That could be because the bar is rare and collectors want it. Doesn’t mean silver prices are going up.

    Collector
    75 Positive BST transactions buying and selling with 45 members and counting!
    instagram.com/klnumismatics

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @rte592 said:
    I give you silver at almost $1000 an ounce, IF my math is correct.
    $30 a gram :o (times 28.35) gives us $850 an ounce.

    I'll make you an offer you can't refuse. You can have one of my 1 oz silver bars for a measly $50.00 ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rte592rte592 Posts: 1,670 ✭✭✭✭✭

    @OPA said:

    @rte592 said:
    I give you silver at almost $1000 an ounce, IF my math is correct.
    $30 a gram :o (times 28.35) gives us $850 an ounce.

    I'll make you an offer you can't refuse. You can have one of my 1 oz silver bars for a measly $50.00 ;)

    Do I get to pick which one?

  • HallcoHallco Posts: 3,645 ✭✭✭✭✭

    I have learned in a short time that there is definitely a premium for silver art bars! I know nothing about this particular one being shown, but there aren't many going for anywhere close to spot right now. And I'm talking about older ones...not generics that are being released this week! :D

  • rte592rte592 Posts: 1,670 ✭✭✭✭✭

    Looks like a winner.

    I paid up for it at $31/gram, but I figured I'd spread the wealth after selling a 1 ounce (return of the $2 bill) International silver company art bar for $100.

  • HallcoHallco Posts: 3,645 ✭✭✭✭✭
    edited December 27, 2019 5:55PM

    @rte592 said:
    Looks like a winner.
    I paid up for it at $31/gram, but I figured I'd spread the wealth after selling a 1 ounce (return of the $2 bill) International silver company art bar for $100.

    According to the Kidd book there were only 500 made and each is serial numbered. That's really low mintage for something such as this.

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @rte592 said:

    @OPA said:

    @rte592 said:
    I give you silver at almost $1000 an ounce, IF my math is correct.
    $30 a gram :o (times 28.35) gives us $850 an ounce.

    I'll make you an offer you can't refuse. You can have one of my 1 oz silver bars for a measly $50.00 ;)

    Do I get to pick which one?

    absolutely......Pick any of the 1 oz Silver Railroad Art Bars ( Locomotive) produced by the Mount Everest Mint. Your choice, all come in a protective case.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rte592rte592 Posts: 1,670 ✭✭✭✭✭

    @Hallco said:

    @rte592 said:
    Looks like a winner.
    I paid up for it at $31/gram, but I figured I'd spread the wealth after selling a 1 ounce (return of the $2 bill) International silver company art bar for $100.

    According to the Kidd book there were only 500 made and each is serial numbered. That's really low mintage for something such as this.

    YUP.
    It's a SWEET bar...number 454.
    I was happy to sit on it till a serious collector showed up.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Yep.... art bars definitely bring a premium over melt.... Well, some do.... Others not so much. I do not know enough about the art/mint collector world to play in it... So I stick to ASE bullion - though I also have proofs. Cheers, RickO

  • rte592rte592 Posts: 1,670 ✭✭✭✭✭
    edited December 28, 2019 7:47AM

    @PerryHall said:

    @rte592 said:
    I give you silver at almost $1000 an ounce, IF my math is correct.
    $30 a gram :o (times 28.35) gives us $850 an ounce.

    There's actually 31.1034768 grams in a Troy ounce. I'm surprised no one caught this.

    Correct, in my defense....
    I was at the department of revenue (in the waiting room)
    Wasn't sweating a bit...

    Stayed up too late on the blackjack tables till 4:30 in the morning o:)
    I was previously doing the math at 31.2
    (rounded up as a buyer's price)
    Then while in the waiting room I googled (ounces to grams) and GOOGLE says 28.35.

    My bad, twas a long day and the dealer was paying better than usual so who was I to argue.

  • rte592rte592 Posts: 1,670 ✭✭✭✭✭

    @OPA said:

    @rte592 said:

    @OPA said:

    @rte592 said:
    I give you silver at almost $1000 an ounce, IF my math is correct.
    $30 a gram :o (times 28.35) gives us $850 an ounce.

    I'll make you an offer you can't refuse. You can have one of my 1 oz silver bars for a measly $50.00 ;)

    Do I get to pick which one?

    absolutely......Pick any of the 1 oz Silver Railroad Art Bars ( Locomotive) produced by the Mount Everest Mint. Your choice, all come in a protective case.

    Those are cool an all, but I look for bars a little less mass produced.

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