Know your precious metals...

Discussion in 'Coin Chat' started by SilverWilliesCoinsdotcom, Nov 12, 2017.

  1. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    I carry great dislike for people who advertise supposedly great buys in silver coins by taking advantage of common misconceptions of what an ounce of silver really is, also the melt values of our most popular US Silver Coins. Here's a couple cheat sheets for you. Please feel free to comment on other ways shady dealers take advantage of us, and especially our young collectors.
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    NSP, BlackBeard_Thatch, Gregg and 3 others like this.
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    And if you see someone on eBay selling silver by the troy pound, keep in mind that one troy pound is TWELVE troy ounces. So a troy ounce is more than an avoirdupois ounce, but a troy pound is less than an avoirdupois pound. Just one more way that some eBay sellers try to deceive their buyers.
     
  4. SilverWilliesCoinsdotcom

    SilverWilliesCoinsdotcom Well-Known Member

    YEP. It's legal to say it, and it's perfectly accurate, but it's sleazy. THANK YOU.
     
  5. BlackBeard_Thatch

    BlackBeard_Thatch Captain of the Queen Anne's Revenge

  6. Robert Paul

    Robert Paul Active Member

    I just keep it in Grams.
    Don't own enough to worry about pounds.
    And Sometime I wonder If the general public even know how many grams in a ounce.
     
  7. asheland

    asheland The Silver Lion

    Good info. Thanks for posting. :)
     
  8. gold standard db

    gold standard db Active Member

    Some hardcore collectors/dealers use .dwt pennyweight scale. I just stick to grams/ounces.
     
  9. sakata

    sakata Devil's Advocate

    Or grains.
     
  10. gold standard db

    gold standard db Active Member

    I've wondered how gold dust would fit in under grains. Some of the dust is so fine that its got to be smaller than a grain. Saw pan colors that were almost microscopic reflecting in the light. I've been looking at different mesh sized gold nuggets.
     
  11. gold standard db

    gold standard db Active Member

    The biggest ripoff I keep seeing on TV now is those gold leaf bills. $7-$10 each for 1/30th gram of gold. HSN Mike coin guy keeps pushing this garbage. He's all yanking on the bill to show its "sturdiness". Without its plastic coating, it'd fall apart in his hands. So lame.
     
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