Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Question: Why are "Junk U.S Silver Coins" on Ebay alway valued as more than the current Silver Price
>
Reply to Thread
Message:
<p>[QUOTE="juris klavins, post: 4285442, member: 76693"]Agreed - the standard ounce / pound offers on eBay and elsewhere just confuse the issue - silver is measured in troy ounces (31.1 grams).</p><p>$1 of face value (ten dimes, four quarters or two halves) weigh ~ 25 grams, 90% of which is actual silver (~22.5 grams) - those $1 face value of circulated coins contain a bit less than .72 troy ounces of silver.</p><p>Using $14.50 spot price. .72 x $14.50 = $10.44, the actual value per $1 of face value - a 5% premium plus another 6% sales tax will increase your cost to approx. $11.58 per every ten dimes, four quarters or two halves. Use the $11.58* as a baseline for the current market ( the premium is about 2-3% in 'normal times').</p><p>A quarter pound of 90% silver coins contains about 3.6 troy ounces of silver, so the baseline for buying that offer should be around $41.70*. - anything more is a serious ripoff - beware!</p><p>*I'm including 5% premium and 6% tax, but not shipping - that is extra and should be factored in accordingly.</p><p><br /></p><p>Avoid the offers like this - they're overpriced and this one also includes a large quantity of 35% silver war nickels:</p><p><br /></p><p><font size="6"><b>DISCOUNTED PRICING!!! Lot US Junk Silver Coins 1/4 Pound LB 4 OZ. Pre-1965 Dates</b></font></p><p><br /></p><p>“3 Washington quarters 90%10 Roosevelt/Mercury dimes 90%14 Silver War Nickels 1942-1945 35%”</p><p><br /></p><p>Price:</p><p>US $68.77[/QUOTE]</p><p><br /></p>
[QUOTE="juris klavins, post: 4285442, member: 76693"]Agreed - the standard ounce / pound offers on eBay and elsewhere just confuse the issue - silver is measured in troy ounces (31.1 grams). $1 of face value (ten dimes, four quarters or two halves) weigh ~ 25 grams, 90% of which is actual silver (~22.5 grams) - those $1 face value of circulated coins contain a bit less than .72 troy ounces of silver. Using $14.50 spot price. .72 x $14.50 = $10.44, the actual value per $1 of face value - a 5% premium plus another 6% sales tax will increase your cost to approx. $11.58 per every ten dimes, four quarters or two halves. Use the $11.58* as a baseline for the current market ( the premium is about 2-3% in 'normal times'). A quarter pound of 90% silver coins contains about 3.6 troy ounces of silver, so the baseline for buying that offer should be around $41.70*. - anything more is a serious ripoff - beware! *I'm including 5% premium and 6% tax, but not shipping - that is extra and should be factored in accordingly. Avoid the offers like this - they're overpriced and this one also includes a large quantity of 35% silver war nickels: [SIZE=6][B]DISCOUNTED PRICING!!! Lot US Junk Silver Coins 1/4 Pound LB 4 OZ. Pre-1965 Dates[/B][/SIZE] “3 Washington quarters 90%10 Roosevelt/Mercury dimes 90%14 Silver War Nickels 1942-1945 35%” Price: US $68.77[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Question: Why are "Junk U.S Silver Coins" on Ebay alway valued as more than the current Silver Price
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...