tell me what you think of this listing....

Discussion in 'What's it Worth' started by gypsy_gear, Dec 26, 2011.

  1. gypsy_gear

    gypsy_gear New Member

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  3. ikandiggit

    ikandiggit Currency Error Collector

    From wikipedia:

    There are 12 troy ounces per troy pound,[SUP][1][/SUP] rather than the 16 ounces per pound found in the more common avoirdupois system. The troy ounce is 480 grains, compared with the avoirdupois ounce, which is 437-1/2 grains. Both systems use the same grain of exactly 0.06479891 gram
  4. steverr1

    steverr1 Member

    May be the seller is using Troy--6 ozs?
  5. ikandiggit

    ikandiggit Currency Error Collector

    8 oz = 7.29166 oz(troy)
  6. gypsy_gear

    gypsy_gear New Member

    he doesnt state that in the listing lol he only states 1/2 pound. Thanks for the advice though diggit!!! He then gives you a breakdown of the coins he includes. Guess I need to add up the sum total of what he includes?
  7. gypsy_gear

    gypsy_gear New Member

    thats what I came up with 7.2 ^^^
  8. Hobo

    Hobo Squirrel Hater


    Apples and oranges. This guy is probably weighing out 8 ounces of coins but he is confusing things because precious metals are measured in Troy Ounces.

    I would contact him and ask him "How many half dollars will I receive?" Then you can go to and see what the melt value of the coins are.
  9. gypsy_gear

    gypsy_gear New Member

    Hobo it is a mix of coins. ^^
  10. gypsy_gear

    gypsy_gear New Member

    142.10 is the value of coins that I came up with
  11. -jeffB

    -jeffB Greshams LEO Supporter

    Oh, not gti2 again.

    Look carefully at the description of items:

    War nickels are 35% silver, but you can't get anywhere near full "melt value" for them. As it turns out, you can uusually expect to get about the same face-value multiple that you get for 90% silver dimes, quarters and halves, currently 21x face.

    So, this lot gives you $5.20 FV of 90% silver, with a current melt value of just under $110, and $1.00 of war nickels, with a current melt value around $32 (but you'd never get close to that if you tried to sell them).

    The auction listing is 100% accurate and 100% factual, both in title and description. It's also overpriced by a good 30% or more. But he's apparently doing a good business with these lots; I've been seeing them since I started following the category, close to a year ago.
  12. desertgem

    desertgem Senior Errer Collecktor Supporter

    Remember that the war nickels were 35% silver, not 90%. ASW=.0526 oztroy.
    The list says 8 ounces for 1/2 lb, so is using avo. oz.

  13. steverr1

    steverr1 Member

    Reading the negative feedback this seller has it mostly all concerns Silver content of War nickles and the weight amount of what the buyers thought they were getting.
  14. gypsy_gear

    gypsy_gear New Member

    i figured so, he probably purchases big lots from APMEX, and breaks them down into smaller units. Good way to make money if the silver prices will hold for him. I wonder how many people on Ebay do that? Buy from the large suppliers, and break the coins down into smaller lots? I see alot of ase's on there for like 40 -50 dollars, and people actually bidding on them...
  15. vdbpenny1995

    vdbpenny1995 Well-Known Member

    ok newbie question here, I always mix these up so someone set me straight...

    - WHats the weight of a troy ounce?
    - Whats the weight of an ounce?
    - When dealing with silver, are both used?
  16. -jeffB

    -jeffB Greshams LEO Supporter

    Troy ounce: 31.10 grams
    Avoirdupois ounce: 28.35 grams

    1 av oz = 0.911 t oz
    1 t oz = 1.097 av oz

    When dealing with silver, it's customary to use troy ounces, unless you're trying to get away with something.
  17. silverfool

    silverfool Active Member

    and many on ebay do try.
  18. mill rat41

    mill rat41 Member

    If they don't mention troy ounces, figure they mean AVDP (regular) ounces. I always just figure 90% of what they say you are getting. In other words: if they say 10 ounces - I consider it 9 troy ounces, not exact but gets you in the ball park.
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