Home› Precious Metals

Did I get a good deal? I think the math is correct.

MadMartyMadMarty Posts: 16,697 ✭✭✭
in Precious Metals
E-Bay Auction

OK, let's assume it's 22 OZ Sterling (I have seen them listed as 21.5 to 22.5), so 22 times .925 = 20.35 OZ @ $29 per OZ = $590.15 worth of silver. I think I'm correct so far.

Paid $525 plus got $52.50 back in E-Bay bucks. So I paid $472.50 or $23.62 per ounce.

Correct???

It is not exactly cheating, I prefer to consider it creative problem solving!!!

Comments

  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭
    Sounds like you did well on this transaction. Not sure what the refineries are paying for sterling these days but you should make a profit.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • FrankcasFrankcas Posts: 118
    Seems like a great deal if the math is correct. You could save another 5% with Mrrebates.

    How did you get 10% in ebay bucks, I'm only seeing 2% right now?
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Funny how much they resemble the statehood quarters. And they were made 41 years ago.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Theoretically you did good. Keep in mind however, that Sterling Silver is the "arm pit" of all PM's & normally sells below melt.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • braddickbraddick Posts: 23,970 ✭✭✭✭✭
    It'll be fun to watch this auction, for the same item, close:

    Franklin Mint Sterling

    peacockcoins

  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭


    << <i>Theoretically you did good. Keep in mind however, that Sterling Silver is the "arm pit" of all PM's & normally sells below melt. >>



    I thought war nickels and 40% Kennedy halves were the arm pits of all PM's.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>

    << <i>Theoretically you did good. Keep in mind however, that Sterling Silver is the "arm pit" of all PM's & normally sells below melt. >>



    I thought war nickels and 40% Kennedy halves were the arm pits of all PM's. >>



    We are talking Rounds or Bars...not coins. For coins, you're right on the money.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Sign In or Register to comment.