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<p>[QUOTE=&quot;Del Pinto, post: 2138136, member: 73128&quot;]Bingo! It&#039;s probably as simple as that.</p><p><br /></p><p>I believe in free markets, price discovery, and numismatic demand.</p><p><br /></p><p>So I&#039;m all in favor of DOS auctioning their share of the coins, packaged and sold as wreck-silver ... <i>if that&#039;s what THEY want to do</i>.&nbsp; I also believe that, as a for-profit capital venture, they wish to maximize their gain and will legally do whatever to realize that end. Why would anyone believe otherwise?</p><p><br /></p><p><a href="http://www.bbc.com/news/world-africa-32316599" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.bbc.com/news/world-africa-32316599" rel="nofollow">http://www.bbc.com/news/world-africa-32316599</a></p><p><br /></p><p><b>Didnt happen.</b> So - why haven&#039;t they packaged any candy for the addicts, yet? Well kids, it&#039;s pretty easy to grasp why: just do the math.</p><p><br /></p><p>Remember: the cost-basis must included all salvage costs (millions of dollars?), per coin sold or melted.</p><p><br /></p><p>Let&#039;s assume a 50/50 split of 8,000,000 Silver Rupees recovered. Remember: the cost-basis must included all salvage costs - millions of dollars? - per coin sold. (Maybe they dont have to pay taxes either.) For snits &amp;giggles, let&#039;s say DOS decides to sell 10% of its best 4 mln: 400,000 coins will be selected for grading.</p><p><br /></p><p>How much does that processing cost?</p><p><br /></p><p>Next: what would it cost to conserve one coin?</p><p><br /></p><p>Again, keep adding all costs: cleaning, grading, slabbing, etc.</p><p><br /></p><p>After all stages of this endeavor are paid for, does a $50.-60. Cost-Basis <i>per coin</i> sound right, in the ballpark? Feel free to give a detailed cost summary otherwise, with real numbers from a salvage op.</p><p><br /></p><p>Would YOU spend that, to &quot;numismatize&quot; a cruddy, common date Silver Rupee bought at a yard sale for $2-3 of your own money? Really?</p><p><br /></p><p><img src="http://ichef.bbci.co.uk/news/624/media/images/82332000/jpg/_82332842_82331402.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>What would the market value of that coin (above) become, cleaned and sold... <i>with tens of thousands just like it</i>?!&nbsp; What profit could DOS presume to realize, <i>all costs factored</i>?</p><p><br /></p><p>Value: USD $5,000... just because someone says so? LOL!</p><p><a href="http://www.blshk.com/onlinestore/onlinestore_oldindiansilver_coinpage1.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.blshk.com/onlinestore/onlinestore_oldindiansilver_coinpage1.html" rel="nofollow">http://www.blshk.com/onlinestore/onlinestore_oldindiansilver_coinpage1.html</a></p><p>(Call it &quot;wreck silver&quot; and maybe the fools will line up: Easy Money, pal! I saw it on the Internet, too. Then again, maybe not)</p><p><br /></p><p>otoh NGC says $36. (too high!); eBay implies ~$10.-12. in current junk silver auctions. Junk Silver Rupees aren&#039;t selling for 2x Spot <i>retail</i> now anyways!</p><p><br /></p><p>Thinking it thru, who believes adding 400,000 - 800,000 cleaned Silver Rupees to eBay wouldn&#039;t tank premiums on that type of junk silver, seriously?[/QUOTE]</p><p><br /></p>

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