http://www.ebay.com/itm/LOT-OLD-US-...98?pt=Coins_US_Individual&hash=item336fde77aa here is how I figured it, I could be wrong though? 1/2 pound equals 8 ounces.. the coins are 90 percent silver... 8x.90 = 7.2 actual ounces silver... 7.2 x current spot(29.08) = 209.38 Is this correct?
From wikipedia: There are 12 troy ounces per troy pound,[SUP][1][/SUP] rather than the 16 ounces per pound found in the more common avoirdupois system. The troy ounce is 480 grains, compared with the avoirdupois ounce, which is 437-1/2 grains. Both systems use the same grain of exactly 0.06479891 gram
he doesnt state that in the listing lol he only states 1/2 pound. Thanks for the advice though diggit!!! He then gives you a breakdown of the coins he includes. Guess I need to add up the sum total of what he includes?
No. Apples and oranges. This guy is probably weighing out 8 ounces of coins but he is confusing things because precious metals are measured in Troy Ounces. I would contact him and ask him "How many half dollars will I receive?" Then you can go to www.coinflation.com and see what the melt value of the coins are.
Oh, not gti2 again. Look carefully at the description of items: War nickels are 35% silver, but you can't get anywhere near full "melt value" for them. As it turns out, you can uusually expect to get about the same face-value multiple that you get for 90% silver dimes, quarters and halves, currently 21x face. So, this lot gives you $5.20 FV of 90% silver, with a current melt value of just under $110, and $1.00 of war nickels, with a current melt value around $32 (but you'd never get close to that if you tried to sell them). The auction listing is 100% accurate and 100% factual, both in title and description. It's also overpriced by a good 30% or more. But he's apparently doing a good business with these lots; I've been seeing them since I started following the category, close to a year ago.
Remember that the war nickels were 35% silver, not 90%. ASW=.0526 oztroy. The list says 8 ounces for 1/2 lb, so is using avo. oz. Jim
Reading the negative feedback this seller has it mostly all concerns Silver content of War nickles and the weight amount of what the buyers thought they were getting.
i figured so, he probably purchases big lots from APMEX, and breaks them down into smaller units. Good way to make money if the silver prices will hold for him. I wonder how many people on Ebay do that? Buy from the large suppliers, and break the coins down into smaller lots? I see alot of ase's on there for like 40 -50 dollars, and people actually bidding on them...
ok newbie question here, I always mix these up so someone set me straight... - WHats the weight of a troy ounce? - Whats the weight of an ounce? - When dealing with silver, are both used?
Troy ounce: 31.10 grams Avoirdupois ounce: 28.35 grams 1 av oz = 0.911 t oz 1 t oz = 1.097 av oz When dealing with silver, it's customary to use troy ounces, unless you're trying to get away with something.
If they don't mention troy ounces, figure they mean AVDP (regular) ounces. I always just figure 90% of what they say you are getting. In other words: if they say 10 ounces - I consider it 9 troy ounces, not exact but gets you in the ball park.
