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<p>[QUOTE=&quot;mispoken, post: 1690461, member: 43491&quot;]So, as a new bullion investor, I think I was just sent through a crash course at HKU.&nbsp; I wanted to buy some junk silver, so I found my way to silvertowne and they seemed like the best deal as I could use a credit card without an extra cost AND they have free shipping.&nbsp; So I wanted to know what my cost per ounce was, which took me to this website <a href="http://coinapps.com/silver/dollar/calculator/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coinapps.com/silver/dollar/calculator/" rel="nofollow">U.S. Silver Dollar Melt Value Calculator</a>.&nbsp; I elected to get 2 $20 Face Value bags so I put in 4 $10 face value bags. This told me my 2 bags combined would have a total of 30.938 ounces.&nbsp; At the time of purchase the total for both bags was $903.90 and lead me to believe I was a cost per ounce of $29.22.&nbsp; As per usual, upon receipt of my purchase I dug around a little bit more and found that the universally accepted weight per $1 FV is .715 which means my $40 FV bags only have 28.6 ounces making my cost per ounce $31.60/oz.&nbsp; The day I purchased these the spot price was $27.62/oz.&nbsp; So tell me, did I get ripped off, or does this seem like a reasonable price for junk given the spot price?&nbsp; $3.98 over spot seems like a hefty premium for junk, but then again I am new as I stated earlier.&nbsp; For perspectives sake, I calculated out my cost for the ASE&#039;s I bought 8 days earlier.&nbsp; I bought 2 tubes of 20 ASE&#039;s for $594.92 each and shipping is $15.95.&nbsp; This gives me an effective cost per ounce of $30.14 with 40 ounces of silver and the spot price that day was $26.90/oz so the premium for the ASEs was $3.24 which indicates to me even more what a rip off the junk silver was.&nbsp; Am doing my math right?&nbsp; This could very well be a somewhat expensive mistake I have made, but, at least it wont break the bank! Live and learn.</p><p><br /></p><p>**EDIT:&nbsp; Funny story, as soon as I posted this, I went back to that calculator website and saw this little guy at the bottom &quot;<span style="color: #000000"><font face="Arial">*This calculator is only for use with 90% U.S. silver dollars minted from 1878-1935.&quot;</font></span>** Lesson; read the fine print!</p><p><br /></p><p><br /></p><p>Thanks ya&#039;ll!</p><p><br /></p><p><br /></p><p>Pat[/QUOTE]</p><p><br /></p>

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