Message:

<p>[QUOTE=&quot;Del Pinto, post: 2136665, member: 73128&quot;]Really? How do you know this?</p><p><br /></p><p>Cleaned, circulated Silver Rupees currently sell ~45% over Spot on eBay, (USD$ 28.98/ozt, then net 15% = $24.63) Salvaged Rupees would not be not &#039;cost-free&#039; either. Can you tell us the whole cost, best estimate? </p><p><br /></p><p>From their fee schedule, it looks like NGC would charge a minimum of $43. for a single Rupee! Yes, I&#039;m sure a bulk-rate would be lower, lol. But I honestly doubt they&#039;d professionally recommend cleaning these coins, for profitable resale.</p><p><br /></p><p>Let&#039;s say 100 metric tonnes = 8,000,000 (1) Rupee coins.</p><p><br /></p><p>1) What was the upfront salvage cost, in Sterling, per Rupee?</p><p>2) Next, what would <i>basic</i> conservation cost (cleaning, sorting, grading) in UK, 8 mln coins, per?</p><p>3) Then, what would it cost to professionally grade <i>800,000</i> rupee coins, in Sterling, per?</p><p>4) Lastly, what would it cost to sell (package, ship, etc.) 800,000 coins, per?</p><p><br /></p><p>I imagine this folly might also be an accountant&#039;s nightmare. Easy money, <i>for whom</i>? The coins are OBVIOUSLY corroded! I&#039;ve no doubt there&#039;d be howls of protest in Parliament, if millions of Pounds in taxpayer money were wasted on such a foolish endeavor.</p><p><br /></p><p>As for Silver Rupees from the S.S. City of Cairo: a little birdy tells me <i>not all</i> were melted; yes you can make an offer, contacting people who handled the bullion. What you&#039;ll pay, that&#039;s TBD; call it &#039;market&#039; (black or grey, I won&#039;t say.) Real value? Anything can be sold on eBay: try your luck![/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in