Estate sale silver score. WoooWooo

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DNADave
DNADave Posts: 7,350 ✭✭✭✭✭
in Precious Metals

First. I don’t get why sterling is the red-headed stepchild of the metals family. But I’m tickeled to make this purchase. The price was as you see, but I was told I could make an offer, so I offered 700 which was accepted

People are on record here saying they wouldn’t have it. But coin silver is only 90%.... doesn’t make sense.


Comments

  • illini420
    illini420 Posts: 11,659 ✭✭✭✭✭
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    Nice, heck of a deal!

    :+1:

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700

  • Hemispherical
    Hemispherical Posts: 9,370 ✭✭✭✭✭
    edited March 12, 2019 6:18PM
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    50,000 grains = 104.17 toz of sterling silver

    Sterling silver is 92.5% silver

    Which is 96.36 toz of silver

    At $700 for 96.36 toz, then it’s $7.26/toz

    Great deal! And pretty neat to have all 50 States.

    Edit to add: I would test using specific gravity or whatever method is available and accurate.

  • asheland
    asheland Posts: 24,545 ✭✭✭✭✭
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    Sweet deal!!!

    My YouTube Channel

  • dpoole
    dpoole Posts: 5,940 ✭✭✭✭✭
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    Great deals to be had with the Franklin stuff. Franklin Mint really pushed this stuff during the big silver run-up during the 1970s, and lots of folks bought those subscriptions and sets who were otherwise uninterested and uninformed with regard to PMs. Tons of these exist now in garage sales and estate sales, and people are dumping them for not very much.


    Here's a warning parable for coin collectors...



  • GRANDAM
    GRANDAM Posts: 8,785 ✭✭✭✭✭
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    It would be a shame to melt them.

    GrandAm :)
  • bronco2078
    bronco2078 Posts: 10,438 ✭✭✭✭✭
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    everything I see thats so many grains is franklin mint. It was like an obsession with them , or maybe just a 1970's thing

  • Hemispherical
    Hemispherical Posts: 9,370 ✭✭✭✭✭
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    A round number and four digits look better than 2.083 toz. :)

  • hchcoin
    hchcoin Posts: 4,843 ✭✭✭✭✭
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    Very nice

  • Jinx86
    Jinx86 Posts: 3,729 ✭✭✭✭✭
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    Hard not to scrap a piece like that. Takes up so much room.

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    Nice set, bulky though, with the pretty box and all. Fifty states, interesting that the identical "other side" is facing up on all the bars. State sides toned at all?
    How about a couple picks of some states?

    Liberty: Parent of Science & Industry

  • johnny9434
    johnny9434 Posts: 34,093 ✭✭✭✭✭
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    nice pick up and you did very well from what I can tell

  • mapleman
    mapleman Posts: 1,052 ✭✭✭✭✭
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    Score!

  • KollectorKing
    KollectorKing Posts: 4,820 ✭✭✭✭✭
    edited March 13, 2019 11:25AM
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    I bought this set of 36 1 ounce sterling ag president rounds from GW to Nixon for $500:



    The seller purchased it from a yard sale for $35.00 :o

  • BigMoneyLewis
    BigMoneyLewis Posts: 194 ✭
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    Those 1000 grain Franklin mint bars usually sell right at $ 40 each on ebay . That's the minimum, most sellers are asking a good bit more . They do sell at $ 39-$ 45 each very easily. It's about $ 2,000 on the open market.
    Certainly worth a lot more than melt. Are those the state banks ? what's on the other side ?
    They did those state banks from I think 1970-1974 each year picking a bank from each state and showcasing the banks logo and hometown . VERY collectable .Sell them individually and you can get a lot depending on the state and how many people want to fight over it . I have about 30 or so myself that I have bought over the years . I especially go after the First national bank of Huntsville AL , that's the building in my icon on the left . Built in 1835 and still standing.

    Lewis

  • illini420
    illini420 Posts: 11,659 ✭✭✭✭✭
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    Looks like someone working the sale must have took a quick look and just assumed they were 1 oz. art bars or something.

    :+1:

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 700

  • LukeMarshall
    LukeMarshall Posts: 2,212 ✭✭✭✭✭
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    Nice!
    Great info on scrap vs. sell from fellow board members here.
    Either way
    Score!

    It's all about what the people want...

  • Timbuk3
    Timbuk3 Posts: 11,658 ✭✭✭✭✭
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    Holy moly, "sweet" !!! :)

    Timbuk3
  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Dang... that is a sweet deal.... at $700 you made out great....Well done indeed. Cheers, RickO

  • DNADave
    DNADave Posts: 7,350 ✭✭✭✭✭
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    @Baley said:
    Nice set, bulky though, with the pretty box and all. Fifty states, interesting that the identical "other side" is facing up on all the bars. State sides toned at all?
    How about a couple picks of some states?

    The Hawaii one has sold for as much as 70 and is probably the best one. This one has some prints on it though.

  • VanHalen
    VanHalen Posts: 4,330 ✭✭✭✭✭
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    Looks like right at 3 kilos of pure silver. Close to 100 toz @ $7/oz. :)

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    Wai....whaaa?
    It's not states themselves, but a bank from each state??

    Liberty: Parent of Science & Industry

  • MsMorrisine
    MsMorrisine Posts: 40,060 ✭✭✭✭✭
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    @Baley said:
    Wai....whaaa?
    It's not states themselves, but a bank from each state??

    :D
    kind of a gas station idea, huh?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • Timbuk3
    Timbuk3 Posts: 11,658 ✭✭✭✭✭
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    Yup, the First Hawaiian Bank bar is big bucks !!!

    Aloha !!! :)

    Timbuk3
  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    @Baley said:
    Wai....whaaa?
    It's not states themselves, but a bank from each state??

    Damn "they"!!🏛🏛🏛💲💲💲

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    The irony is delicious.

    Next, collectible gold medals featuring the various Federal Reserve chairpeople, and platinum ingots with the assorted Wall Street brokerages!

    Liberty: Parent of Science & Industry

  • Downtown1974
    Downtown1974 Posts: 7,189 ✭✭✭✭✭
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    Regardless of the subject matter on the bars, you got a GREAT deal! Congrats!!

  • astrorat
    astrorat Posts: 9,221 ✭✭✭✭✭
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    That's great! I think you may have been a beneficiary of numeracy ignorance. I bet the seller saw 50 bars of about a '1 oz size,' didn't know that 1000 grains is not 1 oz, but priced the 50 bars at an ounce a piece. Well done.

    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
  • Outhaul
    Outhaul Posts: 7,440 ✭✭✭✭✭
    edited March 15, 2019 7:36AM
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    This score is deserving of a "YOU SUCK" award.

    @DNADave, congratulations, YOU SUCK! Welcome to the club.

    Cheers

    Bob

  • DNADave
    DNADave Posts: 7,350 ✭✭✭✭✭
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    SWEET :)

  • Outhaul
    Outhaul Posts: 7,440 ✭✭✭✭✭
    edited March 16, 2019 7:48PM
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    We accept him, we accept him, one of us, one of us, gooble-gobble, gooble-gobble, we accept him one of us...

  • JimW
    JimW Posts: 617 ✭✭✭✭
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    Awesome find - Congrats :)

    Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck, airplanenut

  • metalmeister
    metalmeister Posts: 4,633 ✭✭✭✭✭
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    You did great!

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    All I have to say is....Wow

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."

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