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*Update* found more info. Yukon Northern Precious Metals - Silver .999 shot nugget in 100 Troy oz ba

akuracy503akuracy503 Posts: 1,923 ✭✭✭
in Precious Metals
Bag has a certificate attached labeled from " Yukon Northern Precious Metals"
Dated October 2, 1973.
100 Troy OZ

Should I take a chance on this bag?
Anyone know anything about it?


Are they difficult to sell? do B&M store fronts buy them at spot?

Would like some feedback as I'm trying to find alternatives to rounds/bars bullion.

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Comments

  • 291fifth291fifth Posts: 24,336 ✭✭✭✭✭
    A few years back I tried to sell some silver of that type for a friend of mine. It was a VERY tough sell and required a significant discount to move it ... and that was when silver was around $12 a troy ounce.

    Avoid unmarked silver.

    Also, avoid marked .999 silver medals that are odd weights. I tried selling some yesterday and was shot a low offer by my local B&M. I didn't sell.
    All glory is fleeting.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    don't bother, stick with 90% or .999 bullion like govt issued rounds (maples, ases,etc) and jm, engelhard, and other well known brands.
    Successful Buying and Selling transactions with:

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  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    I mentioned shot back in early 2010. I think the discussion is "spot" on image

    Silver Shot Thread
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭


    << <i>don't bother, stick with 90% or .999 bullion like govt issued rounds (maples, ases,etc) and jm, engelhard, and other well known brands. >>

    image

    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

  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    Got more information regarding the item I was looking at from an acquaintance.

    Yukon Northern Precious Metals, dated October 2, 1973, 100 Troy OZ bag all of this information seems to be printed on a certificate attached to the bag.

    Looks more like nuggets than refined shot silver.

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    Collection: https://flickr.com/photos/185200668@N06/albums

  • 291fifth291fifth Posts: 24,336 ✭✭✭✭✭
    Put your money back in your wallet and step away.

    I believe that type of silver is used by jewelry makers. Do you have knowledge of that market and how they buy silver? I sure don't.

    All glory is fleeting.
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭


    << <i>Put your money back in your wallet and step away.

    I believe that type of silver is used by jewelry makers. >>



    Agree. Silver shot is easier to measure and melt than a large silver bar. Silver shot is marketed to silver fabricators (e.g. jewelry manufacturers) rather than silver investors/hoarders.

    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

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