Home› Precious Metals
Options

Estate sale silver score. WoooWooo

DNADaveDNADave Posts: 7,239 ✭✭✭✭✭
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

  • Options
    illini420illini420 Posts: 11,466 ✭✭✭✭✭

    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 448

  • Options
    HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭
    edited March 12, 2019 6:18PM

    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.

  • Options
    ashelandasheland Posts: 22,705 ✭✭✭✭✭

    Sweet deal!!!

    My YouTube Channel

  • Options
    dpooledpoole Posts: 5,940 ✭✭✭✭✭

    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...



  • Options
    GRANDAMGRANDAM Posts: 8,378 ✭✭✭✭✭

    It would be a shame to melt them.

    GrandAm :)
  • Options
    bronco2078bronco2078 Posts: 9,964 ✭✭✭✭✭

    everything I see thats so many grains is franklin mint. It was like an obsession with them , or maybe just a 1970's thing

  • Options
    HemisphericalHemispherical Posts: 9,370 ✭✭✭✭✭

    A round number and four digits look better than 2.083 toz. :)

  • Options
    hchcoinhchcoin Posts: 4,825 ✭✭✭✭✭

    Very nice

  • Options
    Jinx86Jinx86 Posts: 3,674 ✭✭✭✭✭

    Hard not to scrap a piece like that. Takes up so much room.

  • Options
    BaleyBaley Posts: 22,658 ✭✭✭✭✭

    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

  • Options
    johnny9434johnny9434 Posts: 27,528 ✭✭✭✭✭

    nice pick up and you did very well from what I can tell

  • Options
    maplemanmapleman Posts: 1,052 ✭✭✭✭✭

    Score!

  • Options
    KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭
    edited March 13, 2019 11:25AM

    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

  • Options
    BigMoneyLewisBigMoneyLewis Posts: 194 ✭

    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

  • Options
    illini420illini420 Posts: 11,466 ✭✭✭✭✭

    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 448

  • Options
    LukeMarshallLukeMarshall Posts: 1,914 ✭✭✭✭✭

    Nice!
    Great info on scrap vs. sell from fellow board members here.
    Either way
    Score!

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

  • Options
    Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    Holy moly, "sweet" !!! :)

    Timbuk3
  • Options
    rickoricko Posts: 98,724 ✭✭✭✭✭

    Dang... that is a sweet deal.... at $700 you made out great....Well done indeed. Cheers, RickO

  • Options
    DNADaveDNADave Posts: 7,239 ✭✭✭✭✭

    @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.

  • Options
    VanHalenVanHalen Posts: 3,816 ✭✭✭✭✭

    Looks like right at 3 kilos of pure silver. Close to 100 toz @ $7/oz. :)

  • Options
    BaleyBaley Posts: 22,658 ✭✭✭✭✭

    Wai....whaaa?
    It's not states themselves, but a bank from each state??

    Liberty: Parent of Science & Industry

  • Options
    MsMorrisineMsMorrisine Posts: 32,230 ✭✭✭✭✭

    @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
  • Options
    Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭

    Yup, the First Hawaiian Bank bar is big bucks !!!

    Aloha !!! :)

    Timbuk3
  • Options
    cohodkcohodk Posts: 18,622 ✭✭✭✭✭

    @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

  • Options
    BaleyBaley Posts: 22,658 ✭✭✭✭✭

    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

  • Options
    Downtown1974Downtown1974 Posts: 6,731 ✭✭✭✭✭

    Regardless of the subject matter on the bars, you got a GREAT deal! Congrats!!

    MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940

  • Options
    astroratastrorat Posts: 9,221 ✭✭✭✭✭

    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
  • Options
    OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭
    edited March 15, 2019 7:36AM

    This score is deserving of a "YOU SUCK" award.

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

    Cheers

    Bob

  • Options
    DNADaveDNADave Posts: 7,239 ✭✭✭✭✭

    SWEET :)

  • Options
    OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭
    edited March 16, 2019 7:48PM

    We accept him, we accept him, one of us, one of us, gooble-gobble, gooble-gobble, we accept him one of us...

  • Options
    JimWJimW Posts: 543 ✭✭✭✭

    Awesome find - Congrats :)

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

  • Options
    metalmeistermetalmeister Posts: 4,584 ✭✭✭✭✭

    You did great!

    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • Options
    OPAOPA Posts: 17,104 ✭✭✭✭✭

    All I have to say is....Wow

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Sign In or Register to comment.