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What is wrong with the 1 oz German Silver Buffalos?

joefrojoefro Posts: 1,872 ✭✭
in Precious Metals
Why are these the only bars that apparently sell below melt? I know a lot of people on eBay try to misrepresent silver clad bars, but these seem to be .9999 silver and 1 troy oz. What's the deal?

$24 for an oz, free shipping
$26 for an oz, $1.75 shipping
Lincoln Cent & Libertad Collector

Comments

  • joefrojoefro Posts: 1,872 ✭✭
    Wait.... WHAT?

    " This bar contains copper, zinc, nickel, and no element of silver."

    Yet on the bar it says .9999 silver?
    Lincoln Cent & Libertad Collector
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    google german silver, and you will have your answer.

    The bars are accurately, but very misleadingly labeled as .9999 german silver, and the ebay listing says .9999 german silver alloy. Which is completely true.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ModernCoinModernCoin Posts: 394


    << <i>Wait.... WHAT?

    " This bar contains copper, zinc, nickel, and no element of silver."

    Yet on the bar it says .9999 silver? >>



    Those bars are without a doubt meant to deceive. They are one of many fake 1oz bars that have to come to market in the last few years image. Buying oddball lots of 1oz art bars in the future may be a dangerous endeavour as more crap like this proliferates. At least this piece says, "German Silver" which is also known as nickel silver. Folks who are active buyers of sterling know right away it's not real silver, but a lot of stackers don't.

    http://en.wikipedia.org/wiki/Nickel_silver
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Why are these the only bars that apparently sell below melt? I know a lot of people on eBay try to misrepresent silver clad bars, but these seem to be .9999 silver and 1 troy oz. What's the deal?

    $24 for an oz, free shipping
    $26 for an oz, $1.75 shipping >>



    Suggest you read a prior thread on this subject."German Silver"

    FYI...Nickel silver and Tibetan Silver fall into the same category.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • TheBigBTheBigB Posts: 942 ✭
    German silver = not silver
  • morgantypemorgantype Posts: 456
    Run!!!!!! Run!!!!!

    My best advice for getting good deals on PMs:

    Cultivate a good relationship with a local B&M, be a regular and strong buyer. If you play it right, the B&M will start to hold your favorite items for you, offer respectable volume discounts as well as cash discounts.

    At least that's how it works for me.

    Good luck!!!
    Many buy and sell transactions. Let's talk!
  • AUandAGAUandAG Posts: 24,760 ✭✭✭✭✭
    If you report the seller to Ebay the auction will be nuked. German silver is a mis-nomer as there is
    no silver in German silver. It contains: copper and zinc, period.

    bob

    Dang, I left out the nickel part! Capt is always right!

    bobimage

    Yes, it would be nuked as it states on the bar .999 and it is not .999 anything as it is a mixture. Very
    misleading and it would be nuked. If it was not such a short time to closing I'd show ya!
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭


    << <i>If you report the seller to Ebay the auction will be nuked. German silver is a mis-nomer as there is
    no silver in German silver. It contains: copper and zinc, period.

    bob >>



    Copper and zinc makes brass. "German Silver" is typically copper, nickel and zinc, and is sometimes called "nickel-brass." It can have other trace metals.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    A lot of pocket knife bolsters are made of "German silver".
  • joefrojoefro Posts: 1,872 ✭✭
    This is why this is such a great place to learn. Thanks as always.
    Lincoln Cent & Libertad Collector
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>If you report the seller to Ebay the auction will be nuked. German silver is a mis-nomer as there is
    no silver in German silver. It contains: copper and zinc, period.

    bob >>



    It will only be nuked if it's listed in the "Silver bullion" category. Unfortunately, Seller has it listed in the correct category: Coins & Paper Money > Bullion > Other

    Caveat Emptor
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Caveat Emptor..... lots of money made on ebay by snaring neophytes... Cheers, RickO
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Caveat Emptor..... lots of money made on ebay by snaring neophytes... Cheers, RickO >>



    How true.... But that's true with any auction.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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