How Much Better Can I Do for an Ounce of Silver off eBay?
CRHer700
Posts: 1,876 ✭✭✭✭✭
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 all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
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Sorry, NCM sells plated items
"clad in 71 mg of .999 Pure Silver."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
That's not the same coin.
If it says.999 fine silver IT SHOULD BE
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 all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
test it with the sigma PMV
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I don't have one, nor do I know anyone within 100 miles who would.
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
not for me, pass
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 all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
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.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Ping test
Magnet test
Size should match known rounds.
An unfortunate but inexpensive lesson.
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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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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 all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
the problem lies in convincing your buyer
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
No one is sell silver at $13 an ounce, no one. You can buy a PM acid tester on EBay for $20.
Thank you for the correction, Dan.
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...
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
It all melts the same.
Good. Treasures await.
You could do worse.
I just bid up an ounce to $200 and still didn't get the high bid....Hmmm.
Poor you.
What specific ounce were you bidding on? Probably something a bit more high profile than mine.
God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.
Nothing too special, 1 of 1000 from 1976.
Now $400+ dollar's.
Yikes! I remember the days when I wouldn't even pay that much for an ounce of the Au. RGDS!
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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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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!!
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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
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.