Need a total troy weight for US silver mint sets...
OneFineCoin
Posts: 42
Any clue on the Troy weight for US silver Mint sets? Looking at the 2003(one of the cheapest)
Silver bumped over $18 and still climbing
I think the silver bullion value plus the face value is now MORE than the asking prices and a good buy now.
Any comments?
Silver bumped over $18 and still climbing
I think the silver bullion value plus the face value is now MORE than the asking prices and a good buy now.
Any comments?
0
Comments
half dollar - .36169
Quarters are .18 Each
Dime is .07234
Thus you get about 1.3 Troy oz
Jason
<< <i>THere is about 1.3 Troy oz or so...
half dollar - .36169
Quarters are .18 Each
Dime is .07234
Thus you get about 1.3 Troy oz
Jason >>
Thanks Jason , at current $18 plus that brings my base bullion(and cash value) to 24.46 per set and my "finished product" base to
27.51 and thats much higher than current selling prices so its a buying spree for me. I can sell the silver and break out the small coins at double or more face and be a happy guy.. figuring a buyer is always out there for proof pennies, Sac Dollars and nickels too.
Silver bumped over $18 and still climbing
A 2003 Mint Set has NO Silver.
Best,
John
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
However, you aren't going to be able to sell those coins for their silver content value.
Every time silver shoots up I see this sort of post or something similar.
Dealers aren't going to pay for 90% silver coins like they were .999 fine silver.
90% coins go for considerably less than their silver content.
There's much more involved here than than some people think.
You're looking at 11.5 at best times face value of the coins.
You've got $1.70 face in 90% silver, therefore you're looking at $19.55 cents for your silver coins.
Some dealers may pay a bit more, but not for such a small amount.
Dealers deal in $1000.00 face value bags. Sure, they'll buy smaller quantities, but at reduced prices.
Just the time it takes to create and invoice and deal with a customer has value.
A purchase of $1.70 in 90% coins is hardly worth their time.
Considering how fine the margins are, they might be looking at a whooping 5 cent profit, maybe.
That's gross profit, consider the cost of the employee's time, even the cost of printing the invoice with such a tiny purchase.
They'd most likely lose money on the purchase. Come back and do it several times and they may throw you out of the store.
Yeah, they're going to be lining up to wait on you.
I'd give that thought some more thinking.
Do you think you're the first person to come up with this wonderful plan?
Ever wonder why all those silver mint sets haven't already been bought up?
Also, I'd check the math first.
I think you'll find that you actually have .61403 ounces from each mint and that adds up to 1.22806 ounces total.
If you want to get anything near the spot value of silver, deal in .999 fine, not 90% US coins.
By the way, which is it?
In the first post you were talking about Mint Sets, in the second you were going to be selling the extras as Proof coins.
I don't think this idea is soup yet.
Edit* Yeah, I think he meant a silver proof set but I was giving him the benefit of the doubt. Maybe the Mint did make a silver Mint Set. I don't follow such items all that closely. Anything after all the silver was removed from our coins is modern crap to me.
Given that it's a proof set, then he's now looking at $9.78 for his silver proof coins.
No, this idea is nowhere near being soup yet.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff