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<p>[QUOTE=&quot;19Lyds, post: 2503042, member: 15929&quot;]Provident Metals issued a story about Oregon.</p><p><br /></p><p><a href="http://www.blog.providentmetals.com/protecting-your-wealth/oregon-gas-station-accepting-90-junk-silver-as-payment.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.blog.providentmetals.com/protecting-your-wealth/oregon-gas-station-accepting-90-junk-silver-as-payment.htm" rel="nofollow">http://www.blog.providentmetals.com/protecting-your-wealth/oregon-gas-station-accepting-90-junk-silver-as-payment.htm</a></p><p><br /></p><p>But then, Provident Metals has a vested interest in people buying and selling silver.</p><p><br /></p><p>Might I add that accepting 90% Silver coins at spot price is a bit gimmicky in that it could actually cost the merchant money. &quot;Face Value&quot; of coins minted in silver may not reflect that &quot;actual&quot; weight in silver due to circulation and wear.</p><p>I have some junk Barber and SL Quarters that weigh in at 5.6 grams vs a 1964 Quarter which weighs 6.3 grams. Using the lighter coin based upon silver content is a loser for the merchant.</p><p><br /></p><p>What I think is occurring here is not so much &quot;silver as currency&quot; as much as the hopes that folks will bring in their silver hoards to pay for gas and spend a rare coin at silver value.</p><p><br /></p><p>But that&#039;s just my opinion.</p><p><br /></p><p>Additionally, I can guarantee you that the &quot;trade value&quot; of junk silver bullion coins is based NOT on the ask value of silver but&nbsp; probalby on 10% back of BID price for silver to address any costs associated with searching, handling, and ultimately smelting to convert the metal in &quot;dollar values&quot;.</p><p><br /></p><p>A gimmick.[/QUOTE]</p><p><br /></p>

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