233% below spot!!!!

I just got got 3 silver Canadian quarters for $3.40 shipped. They've got 0.52oz of silver in them. So, I got $7.93 worth of silver for $3.40 which works out to 233% below spot. Not bad at all, I love eBay so much sometimes.

 

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I just think you may have gotten a good deal!:thumb: Congratulations. Now if you could do that all the time...

 

You got a good buy, but you word it funny. 100% below spot is free. What you are trying to say is that spot is 233% of what you paid or you paid 42% of the spot price..

 

Yeah, it's worded weird. Spot is 2.3 times more than what I paid...so I put down 233%, my mistake!

 

Coinkeeper - great deal!!!

Ebay gets trashed all the time on this site.

Darned if you do and Darned if you don't.

There are zillions of deals on ebay - Of course the problem is when you really do get taken to the cleaners.

I guess it boils down to whether you ride a Harley to work or a Geo Metro.

 

I'm glad another mathematically inclined member caught that. I was gonna ask if the seller had paid him 133% of spot to take the coin off his hands.

 

very nice deal.

 

I was thinking that too :mouth:

 

I thought that didn't sound right at all, like maybe they paid you to take the coins
Good find though.

 

well played.

 

I'll admit, I know nothing about Canadian coinage. But, a quarter there has over half an ounce of silver? Thats one heck of a huge quarter!
Guy~

 

A Canadian quarter is .1728 troy ounces of silver.

 

And I got 3 of them.

 

That makes sense... 3 x .1728 = 0.5184 x $15.39 (6 June spot) = $7.97

 

Just curious, but how much silver is really in a Canadian silver quarter? Everything I can find calculates to 0.15 oz silver per quarter. BTW, that is a Troy ounce.

 

Tell me what I have wrong;
The Canadian quarter ( -1967) weighs 5.83 grams
it is 80% silver
31.1 gram = 1 Troy ounce

(5.83/31.1)*0.80 = .14997 Toz.

 

The quarter is 80% silver and the total weight is 5.83g, so I guess it has 4.664g of pure silver.

EDIT**You beat me by mere seconds!

 

Yes, for the later years after they reduced the silver content, that is correct and is probably what we are talking about here without knowing the specifics.

 

The 3 quarters I got were from the early 1900's so they have a fineness of 0.925 therefore the ASW is 0.173oz per coin.

 

That does make a difference.