What would a US Assay 10 0z San Fran....
Julio
Posts: 2,501 ✭
Be worth these days? 1981 Silver. Thanks, jws
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Comments
TD
<< <i>If it is exactly ten ounces, then it is probably a privately made bar. Read the inscription carefully. There was one refiner that sold bars as containing silver formerly held in the U.S. Assay Office in San Francisco. They are worth about $1 an ounce over spot in this market.
TD >>
I'd like to buy 10 of them at your valuation Tom, do you have them in stock by chance?
<< <i>
<< <i>If it is exactly ten ounces, then it is probably a privately made bar. Read the inscription carefully. There was one refiner that sold bars as containing silver formerly held in the U.S. Assay Office in San Francisco. They are worth about $1 an ounce over spot in this market.
TD >>
I'd like to buy 10 of them at your valuation Tom, do you have them in stock by chance?
That is what we would pay. He asked what it would be worth. An item is worth what you can get for it, not the price you have to pay for it.
I bought my car new two years ago. It is now worth less.
What are your bars "worth?"
TD
Wasn't it you Gladiator that was looking for one. Did you ever find it? Thanks, JWS
<< <i>
<< <i>
<< <i>If it is exactly ten ounces, then it is probably a privately made bar. Read the inscription carefully. There was one refiner that sold bars as containing silver formerly held in the U.S. Assay Office in San Francisco. They are worth about $1 an ounce over spot in this market.
TD >>
I'd like to buy 10 of them at your valuation Tom, do you have them in stock by chance?
That is what we would pay. He asked what it would be worth. An item is worth what you can get for it, not the price you have to pay for it.
I bought my car new two years ago. It is now worth less.
What are your bars "worth?"
TD >>
Correct Tom, and that bar is "worth" about $3-$4 per oz above spot, because that is what he could get for it. So the term "worth" here is the problem. A more precise reply would have been that you would buy it at $1 an oz over. However, its "worth" is substantially higher.
Edited to add: MY bars are "worth" around $1 per gram because I have sold 45 of them at that price. They "contain" about 36 cents of silver in them per gram of bar however.
If they are worth only 1 over spot, I'd love to buy a bunch at that price.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
To Tom, they are worth $1 per ounce over spot. Likely because he'd be buying to sell.
To eBay bidders, they are worth $3-$5 per ounce over spot. Likely because they are buying to keep and hold.
To me, they are worth $0 per ounce over spot. Because I have no need/want for them.
<< <i>These are constantly on eBay, several right now in fact. The recent sales show them mostly selling in the $140-$150 range with one fluke bar getting bid (bidiots) up to $170ish. >>
I wonder how many people think, as the original poster did for a while, that this is an official government issued bullion bar? There was one sale recently closed that said that the bar has been kept in a U.S. Mint bag, which gave it its nice toning. Not deceptive advertising, but perhaps confusing to some people.
Also, and I'm just curious on a different topic, what are the ebay and paypal fees to the seller of a bar at, let's say, $150?
Further curiosity: on average, how long after the day an item is listed are the funds received?
What percentage of sales funds are never received, or received but charged back?
On average, does the spot price go up or down after the item is listed?
What is the relative "worth" of a bird in the hand, vs. the "worth" of two birds in the bush?
What is "worth?"
TD
<< <i>
Also, and I'm just curious on a different topic, what are the ebay and paypal fees to the seller of a bar at, let's say, $150? ---
Figure approximately 10% between ebay and paypal, so net down to $135.00
Further curiosity: on average, how long after the day an item is listed are the funds received?
Bullion is probably best as a one day or three day auction in my opinion, and is usually funded either the day the auction ends or the next day in most cases (98% or more of my auctions would fall into this category)
What percentage of sales funds are never received, or received but charged back?
Less than 1% in my case. I have never had a chargeback.
On average, does the spot price go up or down after the item is listed?
With a three day auction, I have generally not found this made any difference in the physical market on ebay.
What is the relative "worth" of a bird in the hand, vs. the "worth" of two birds in the bush?
Depends on how big of a net you have to catch the two in the bush.
What is "worth?"
Depends on who you are.
TD >>
"I wonder how many people think, as the original poster did for a while, that this is an official government issued bullion bar?" Capt.
I do think many are getting duped as I almost did. I'm still looking but now I know what to look for. Thanks again Capt. jws
<< <i>I scoped out Ebay and was unable to locate the real deal. Granted I am Ebay challenged. >>
Here's one; LINK
Cars, how much is yours?