999+ Troy Ounce Silver?

Discussion in 'Bullion Investing' started by dave_in_delaware, Nov 4, 2016.

  1. dave_in_delaware

    dave_in_delaware Active Member

    I found this ad in an online yardsale group I belong to. I'm not sure what to make of it, since I've never seen such a thing before.

    The ad only states "1oz silver - 999+ Troy Ounce Silver" with a price of $25.

    Photo is kind of dark.

    Is this what the going rate is? Good deal or not? Can these things be scams or not as pure as advertised? Any way of knowing purity by looking at it in person? Weighing it? Etc?

    I'm going to err on the side of caution and not buy it since I've never dealt with such a thing. Plus it's being sold by an individual not a reputable company.

    But I wanted to get everyone's opinion and insight here.

    Thanks for looking.
     

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  3. rickmp

    rickmp Frequently flatulent.

    With silver at $18.45, $25 is kind of on the steep side, and with the other things you've listed, I wouldn't buy it.
     
  4. green18

    green18 Unknown member Sweet on Commemorative Coins

    Not unless you like it.......Morgan (real) dollars only contain .77 of an ounce (troy?) silver.
     
  5. rickmp

    rickmp Frequently flatulent.

    It's not a Morgan, it's an ingot with an impression of a Morgan.
     
  6. green18

    green18 Unknown member Sweet on Commemorative Coins

    I know it is. Just sayin' if OP likes it, all is well worth adding it to his collection. As an aside, I pointed out that a real Morgan will come up short in terms of silver composition. :)
     
  7. rickmp

    rickmp Frequently flatulent.

    I misunderstood your post.
     
  8. green18

    green18 Unknown member Sweet on Commemorative Coins

    Not to worry.......it's something that I thrive upon. I live it every day being married.......
     
    Garlicus, Nathan401 and rickmp like this.
  9. rickmp

    rickmp Frequently flatulent.

    I know. That's why I am soon to be unmarried.
     
  10. desertgem

    desertgem Senior Errer Collecktor Supporter

    Ha! Try to be a moderator Ken, marriage is easier unless she gives infractions :)
     
    green18 likes this.
  11. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Maybe! He can divorce her, but he's stuck with you.

    Chris;););)
     
  12. Nathan401

    Nathan401 Quis custodiet ipsos custodes?

    I's say it's most likely real, but obviously we can't be certain from a photo. I've seen this style bar being sold in many different places. These are available with a guarantee, shipped right to your doorstep for a few dollars cheaper from vendors like Apmex, JM Bullion, Provident Metals, MCM, and many reputable Ebay stores.
     
  13. green18

    green18 Unknown member Sweet on Commemorative Coins

    She hands out infractions, and obviously, you ain't married Jim. But I suspect you were at one time.......or maybe now.....or maybe I don't know. :)
     
  14. desertgem

    desertgem Senior Errer Collecktor Supporter

    At least you didn't say or all three :)
     
    green18 likes this.
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