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<p>[QUOTE="Michael K, post: 3032332, member: 78298"]In regards to post #2, how much of a difference could there be in order for this scheme to be profitable? How many dollars would they have to buy, switch and redeem as well as going back and forth from the West Indies?</p><p>What is the weight difference between the coins, the price of silver at that time, etc.</p><p><br /></p><p>Let's say you invest $1000. You could probably get that many silver dollars,</p><p>(assume you are in NYC or other area with a lot of banks) go to a few banks and convert the cash into silver dollars. Now, you have to ship them? or take them with you to the West Indies. How easy is it, to scramble around and switch these for Spanish 8 reales? Then you have to ship/ transport them back to the US, turn them into the mint, and get paid for the silver weight. How much more than $1000 are you receiving? Is it worth all the time and trouble?[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 3032332, member: 78298"]In regards to post #2, how much of a difference could there be in order for this scheme to be profitable? How many dollars would they have to buy, switch and redeem as well as going back and forth from the West Indies? What is the weight difference between the coins, the price of silver at that time, etc. Let's say you invest $1000. You could probably get that many silver dollars, (assume you are in NYC or other area with a lot of banks) go to a few banks and convert the cash into silver dollars. Now, you have to ship them? or take them with you to the West Indies. How easy is it, to scramble around and switch these for Spanish 8 reales? Then you have to ship/ transport them back to the US, turn them into the mint, and get paid for the silver weight. How much more than $1000 are you receiving? Is it worth all the time and trouble?[/QUOTE]
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