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B&M Story Help me understand the rationale on price for 40% silver
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<p>[QUOTE="Burton Strauss III, post: 3763882, member: 59677"]You could always visit a silver refiner and get their answer...</p><p><br /></p><p><a href="https://dillongage.com/faq-2/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://dillongage.com/faq-2/" rel="nofollow">https://dillongage.com/faq-2/</a></p><p><br /></p><ul> <li></li> </ul><p>and</p><p><br /></p><p><br /></p><p><br /></p><p>So let's see... War Nickels are 35% silver and weigh 5 grams or less due to wear. Silver spot is (10:10 am today) $17.74 per troy ounce.</p><p><br /></p><p>$10,000 in silver is 563.7 ounces. </p><p><br /></p><p>A troy ounce is 31.1 grams so 31.1/5/0.35 gives 17.77 nickels per ounce of pure silver.</p><p><br /></p><p>$500 face of nickels is 10,000 coins and 562.7 ounces of silver.</p><p><br /></p><p>562.7 * 17.77 is just under $10,000 at spot...</p><p><br /></p><p>DG would pay 80% less a $30 assay fee or just under $8K...</p><p><br /></p><p>And your B&M has to collect, store and ship the coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Burton Strauss III, post: 3763882, member: 59677"]You could always visit a silver refiner and get their answer... [URL]https://dillongage.com/faq-2/[/URL] [LIST] [/LIST] and So let's see... War Nickels are 35% silver and weigh 5 grams or less due to wear. Silver spot is (10:10 am today) $17.74 per troy ounce. $10,000 in silver is 563.7 ounces. A troy ounce is 31.1 grams so 31.1/5/0.35 gives 17.77 nickels per ounce of pure silver. $500 face of nickels is 10,000 coins and 562.7 ounces of silver. 562.7 * 17.77 is just under $10,000 at spot... DG would pay 80% less a $30 assay fee or just under $8K... And your B&M has to collect, store and ship the coins.[/QUOTE]
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