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<p>[QUOTE=&quot;Gam3rBlake, post: 7803235, member: 115909&quot;][FLOAT_LEFT][/FLOAT_LEFT]Good morning everyone!</p><p><br /></p><p>Today I was looking through JMB because I wanted to pick up some more silver and I noticed something very fascinating.</p><p><br /></p><p>The 1 kilo silver Queen’s Beast coin has a face value of £500!</p><p><br /></p><p>[ATTACH=full]1340075[/ATTACH]</p><p>[ATTACH=full]1340076[/ATTACH]</p><p><br /></p><p><br /></p><p>If you’re American £500 face value is about ~$700 USD.</p><p><br /></p><p>[ATTACH=full]1340077[/ATTACH]</p><p><br /></p><p><br /></p><p>Does anyone else notice something odd about that?</p><p><br /></p><p>1 kilo of silver is 32.15 oz.</p><p><br /></p><p>$695/32.15 = $21.61/oz.</p><p><br /></p><p>That means that if the silver spot price drops below $21.60/oz this Queen’s Beast will actually have a face value <b>above </b>melt value.</p><p><br /></p><p>If silver drops to $20/oz and this coin has 32.15 oz of silver that is a melt value of $643 or £462 which is <i>below </i>the actual face value.</p><p><br /></p><p>Compare that to other bullion coins like the ASE which only has a $1 USD face value despite having a metal value of 25x that.</p><p><br /></p><p>I think silver below $21.60/oz isn’t too unrealistic.</p><p><br /></p><p>This is the first time I’ve ever seen a bullion coin with a face value that could potentially exceed its metal value.</p><p><br /></p><p>For that uniqueness alone (and because I like the series) I bought one. xD[/QUOTE]</p><p><br /></p>

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