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Description
The listing, 4 X 5 grain .999 fine silver bars has ended.
This Auction is for 4 (four) 5 (five) grain .999 fine silver loaf style bars. Pictures shown are scanned for detail and appear larger than the actual loaves. Please do your homework and research 5 Troy grains before bidding. Please do let me know if you have any questions. I will pay the shipping if you use GIN.
Questions & Comments
F&W I believe there are 240 grains per Troy ounce. Spot price for silver this morning is around $31.25. Is that means there is about 13 cents worth of silver at melt price. Just an FYI for those that don't know where to look.
In actuality there are 480 Grains per Troy ounce ad 31.1035 Grams per Troy ounce. You are correct if you intend on melting them down. These are intended for collectors. The intrinsic value as a collectors item is always higher than melt. I have several Morgan silver dollars that come up around $5.00 less than melt price but have been graded at over $400.00 for a couple. I have one Peace dollar that is being graded and has been sold for $25,000.00. Melt is a term used for junk silver, not for collectors. I have been selling these on ebay for $9.95 for 2 bars and have several happy customers.
You are correct. 480 grains per Troy ounce and roughly 31 grams. I do prospecting and am mor familiar with pennyweight ( 20 to a Troy ounce ). So melt value would be 26 cents. I under stand the collector value of ingots and coins as I an a coin collector as well. The problem is collector ingots or bullion coins are sold at a premium. The coin dealer I use that is local sells 1 oz billion coins for $2.50 over spot. The smaller the size of the silver or gold for that matter the higher the over spot premium. I have one of the 5 grain ingots. They are very tiny. I'm guessing you could put 5 on a postage stamp with room to spare.
I think that is a pretty safe assumption in this case. Instead of the typical flat ingot, they are loaf shaped which allows for a smaller footprint. I also collect Morgans, Peace dollars and a few nickels and dimes if they appeal to me. I am also a member of PCGS and currently have 4 coins in for grading. What coins do you like?
Mostly Pre 1964 silver coins. But I also collect pennies and nickels 2 and 3 cent coins when I can find them. The coins have to be in top condition. Usually I look for coins that are XF or AU at minimum but if it's a key date I get a bit more flexible. I have been seeing a lot of junk coins coming up lately. Not a whole lot to bid on but every once in a while something interesting pops up. I like the Morgans and Peace dollars as well but I feel the 20,000 plus credits they have been bringing is crazy. I need to post more stuff to build my credits up again.