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How Much Better Can I Do for an Ounce of Silver off eBay?

CRHer700CRHer700 Posts: 1,220 ✭✭✭✭✭

Sniped this one Troy ounce proof round for $13.01! I had reservations about it, and that was my maximum bid. However, no one else stepped up, so they must have thought it riskier than I did.

I did some research and this coin comes in both .999 silver and silver plated nickel. I believed mine to be the silver variety since the edge says so. I got it home and weighed it, and sure enough, 1.002 Troy ounces! $17+ made off of that. I am very pleased, even if you think that I am being to risky!





I am not fingerprinting it either.

God Bless, CRHer700 :mrgreen:
Do unto others what you expect to be done to you.

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    derrybderryb Posts: 36,399 ✭✭✭✭✭
    edited July 9, 2024 8:49PM

    Sorry, NCM sells plated items

    "clad in 71 mg of .999 Pure Silver."

    "Education is not the learning of facts, but the training of the mind to think." - Albert Einstein

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    rte592rte592 Posts: 1,589 ✭✭✭✭✭

    @derryb said:
    Sorry, NCM sells plated items

    "clad in 71 mg of .999 Pure Silver."

    That's not the same coin.
    If it says.999 fine silver IT SHOULD BE

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    CRHer700CRHer700 Posts: 1,220 ✭✭✭✭✭
    edited July 10, 2024 6:33AM

    @derryb said:
    Sorry, NCM sells plated items

    "clad in 71 mg of .999 Pure Silver."

    They sell both. In fact they sold a set with one of each type, plated and .999. I believe that no-one else looked at the third picture that showed the edge marking and assumed that it was plated. It does weigh correctly too.

    God Bless, CRHer700 :mrgreen:
    Do unto others what you expect to be done to you.

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    derrybderryb Posts: 36,399 ✭✭✭✭✭

    test it with the sigma PMV

    "Education is not the learning of facts, but the training of the mind to think." - Albert Einstein

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    CRHer700CRHer700 Posts: 1,220 ✭✭✭✭✭
    edited July 10, 2024 8:18AM

    @derryb said:
    test it with the sigma PMV

    I don't have one, nor do I know anyone within 100 miles who would.

    God Bless, CRHer700 :mrgreen:
    Do unto others what you expect to be done to you.

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    johnny9434johnny9434 Posts: 27,796 ✭✭✭✭✭

    not for me, pass

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    OPAOPA Posts: 17,112 ✭✭✭✭✭

    @CRHer700 said:

    @derryb said:
    Sorry, NCM sells plated items

    "clad in 71 mg of .999 Pure Silver."

    They sell both. In fact they sold a set with one of each type, plated and .999. I believe that no-one else looked at the third picture that showed the edge marking and assumed that it was plated. It does weigh correctly too.

    Their web-se does not indicate that they sell both. Only the silver clad ones.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    CRHer700CRHer700 Posts: 1,220 ✭✭✭✭✭

    @OPA said:

    @CRHer700 said:

    @derryb said:
    Sorry, NCM sells plated items

    "clad in 71 mg of .999 Pure Silver."

    They sell both. In fact they sold a set with one of each type, plated and .999. I believe that no-one else looked at the third picture that showed the edge marking and assumed that it was plated. It does weigh correctly too.

    Their web-se does not indicate that they sell both. Only the silver clad ones.

    They don't sell this exact item anymore, but I found multiple people selling sets of both.

    FYI, when I drop it (only an inch) it sounds silver, not plated.

    God Bless, CRHer700 :mrgreen:
    Do unto others what you expect to be done to you.

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    derrybderryb Posts: 36,399 ✭✭✭✭✭

    Unless you collect such items I would stick with widely recognized products. You pay a premium accordingly but so does your buyer down the road.

    "Education is not the learning of facts, but the training of the mind to think." - Albert Einstein

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    lcoopielcoopie Posts: 8,870 ✭✭✭✭✭
    edited July 10, 2024 6:00PM

    Ping test

    Magnet test

    Size should match known rounds.

    LCoopie = Les
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    An unfortunate but inexpensive lesson.

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    dcarrdcarr Posts: 8,195 ✭✭✭✭✭

    @DocBenjamin said:
    An unfortunate but inexpensive lesson.

    .

    It is a troy oz of 999 silver for $17. The slightly "unfortunate" party in this transaction is the seller.

    Most of the National Collectors Mint products were produced by Sunshine Minting (the same outfit that manufactures blanks for US Mint Silver Eagles).

    .

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    CRHer700CRHer700 Posts: 1,220 ✭✭✭✭✭

    @lcoopie said:
    Ping test

    Magnet test

    Size should match known rounds.

    Ping test and magnet test are both good on this round, and the size matches that of 16 other rounds that I own. Seems real to me.

    God Bless, CRHer700 :mrgreen:
    Do unto others what you expect to be done to you.

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    derrybderryb Posts: 36,399 ✭✭✭✭✭

    @CRHer700 said:

    @lcoopie said:
    Ping test

    Magnet test

    Size should match known rounds.

    Ping test and magnet test are both good on this round, and the size matches that of 16 other rounds that I own. Seems real to me.

    the problem lies in convincing your buyer

    "Education is not the learning of facts, but the training of the mind to think." - Albert Einstein

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    pmh1nicpmh1nic Posts: 3,233 ✭✭✭✭✭

    No one is sell silver at $13 an ounce, no one. You can buy a PM acid tester on EBay for $20.

    The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
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    DocBenjaminDocBenjamin Posts: 75 ✭✭
    edited July 11, 2024 1:55PM

    @dcarr said:

    @DocBenjamin said:
    An unfortunate but inexpensive lesson.

    .

    It is a troy oz of 999 silver for $17. The slightly "unfortunate" party in this transaction is the seller.

    Most of the National Collectors Mint products were produced by Sunshine Minting (the same outfit that manufactures blanks for US Mint Silver Eagles).

    .

    Thank you for the correction, Dan.

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    mbogomanmbogoman Posts: 5,167 ✭✭✭✭✭

    @pmh1nic said:
    No one is sell silver at $13 an ounce, no one. You can buy a PM acid tester on EBay for $20.

    I disagree. Plenty of people will unknowingly sell an ounce of silver for way less than melt. Many people don't know what they have. Knowledge is power, and the OP used his knowledge to make a score. Perfectly legit, perfectly ethical.

    A couple years ago I missed out, by a few seconds, on a 1/2 oz Homestake gold coin/medal that went BIN for around $200 if I remember correctly. That was about $1k below melt at the time...

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    rte592rte592 Posts: 1,589 ✭✭✭✭✭

    @derryb said:

    @CRHer700 said:

    @lcoopie said:
    Ping test

    Magnet test

    Size should match known rounds.

    Ping test and magnet test are both good on this round, and the size matches that of 16 other rounds that I own. Seems real to me.

    the problem lies in convincing your buyer

    It all melts the same.

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    TwoSides2aCoinTwoSides2aCoin Posts: 44,101 ✭✭✭✭✭

    Good. Treasures await.

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    rte592rte592 Posts: 1,589 ✭✭✭✭✭

    You could do worse.
    I just bid up an ounce to $200 and still didn't get the high bid....Hmmm.

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    CRHer700CRHer700 Posts: 1,220 ✭✭✭✭✭

    @rte592 said:
    You could do worse.
    I just bid up an ounce to $200 and still didn't get the high bid....Hmmm.

    Poor you. :D
    What specific ounce were you bidding on? Probably something a bit more high profile than mine.

    God Bless, CRHer700 :mrgreen:
    Do unto others what you expect to be done to you.

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    rte592rte592 Posts: 1,589 ✭✭✭✭✭
    edited July 14, 2024 1:20PM

    @CRHer700 said:

    @rte592 said:
    You could do worse.
    I just bid up an ounce to $200 and still didn't get the high bid....Hmmm.

    Poor you. :D
    What specific ounce were you bidding on? Probably something a bit more high profile than mine.

    Nothing too special, 1 of 1000 from 1976.
    Now $400+ dollar's.

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    blitzdudeblitzdude Posts: 5,641 ✭✭✭✭✭

    Yikes! I remember the days when I wouldn't even pay that much for an ounce of the Au. RGDS!

    The whole worlds off its rocker, buy Gold™.

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    dcarrdcarr Posts: 8,195 ✭✭✭✭✭
    edited July 14, 2024 3:54PM

    @blitzdude said:
    Yikes! I remember the days when I wouldn't even pay that much for an ounce of the Au. RGDS!

    .

    Too bad you don't understand the market for collectible silver bullion. Otherwise, you could have taken advantage of it when this same item could be bought for less than $100.

    PS:
    I did buy one of these for around $100 years ago. Mine does not have the added rope bezel and money clip. I don't think those additions add to the value and they might even detract some from it.

    Here is a similar Nevada City Mint bar that is less than an ounce, but recently sold for $1,500 (I do not have one of these):

    .

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    blitzdudeblitzdude Posts: 5,641 ✭✭✭✭✭

    No thanks. I'm a businessman not a fool. Collectable gutter bullion. Now there's at least a double, maybe a triple Oxymoron if I ever hear one. I' think I'd rather stick with meatloaf. LOL! THKS!!

    The whole worlds off its rocker, buy Gold™.

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    dcarrdcarr Posts: 8,195 ✭✭✭✭✭
    edited July 14, 2024 5:44PM

    @blitzdude said:
    No thanks. I'm a businessman not a fool. Collectable gutter bullion. Now there's at least a double, maybe a triple Oxymoron if I ever hear one. I' think I'd rather stick with meatloaf. LOL! THKS!!

    .

    Ignorance does not make for good business.

    I suppose you would probably offer less than spot for this bar.
    But people who know a lot more than you bid this 27-troy-oz silver bar to over $55,000 :

    https://coins.ha.com/itm/ingots/1946-philadelphia-mint-silver-ingot-2781-ounces/a/1326-4473.s

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    rte592rte592 Posts: 1,589 ✭✭✭✭✭

    The Nevada Mint bar sold for $839.
    Cool piece, but I hope the bar wasn't altered to make it into the money clip.
    The money is in the bar IF ORIGINAL condition.
    Good luck to the new owner.
    Makes you wonder why the seller didn't remove the bar and photograph the back side.

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