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theo
Penny Hoarding Member
USA
588 Posts |
 Posted - 01/15/2010 : 00:30:38
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I've been looking for .999 silver bullion on E bay and have noticed quite a few auctions selling 1 gram silver coins. Here is a good example:
You must be logged in to see this link.
As of this minute, the coin is selling for $1.26. I believe that would be around $40 per ounce. This seems like an attempt to scam the few people who don't know the difference between a gram and an ounce. Anyway, this auction makes me feel much better about spending $26 on an Australian 1 ounce (not gram!) Kookaburra coin at a coin show last weekend.
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The Finest
Penny Sorter Member
USA
56 Posts |
Posted - 01/15/2010 : 01:05:04
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| This looks better than a few others I have seen, at least this one has some design on it which may make it appealing to some collectors for more than just the silver value. The auctions that really get me are the ones that sell gold by the grain. They will sell "1 gr" many people buy thinking gr=gram. |
A fool and his money are soon parted. I would pay someone a lot of money to explain that to me.-Homer Simpson |
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simplicitycounts
Penny Hoarding Member
USA
535 Posts |
Posted - 01/15/2010 : 03:08:05
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| I think it'd be worth the buck with free shipping. Heck they are hardly breaking even for fees and time. I think they're neat looking. I've spent a lot more on coins because they were neat looking! |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 01/15/2010 : 12:54:06
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There is at least one seller on ebay who is selling 1 gram silver rounds that are copies of Cdn ML's. Going through his feedback, he/she snagged quite a few stupid buyers who weren't paying attention and thought they were getting a genuine 1 oz coin for cheap.
You must be logged in to see this link.
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natsb88
Administrator
USA
1850 Posts |
Posted - 01/15/2010 : 18:19:09
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The product is certainly not a scam. The way some sellers represent the product is questionable, and sometimes downright deceptive, as in the "gr = grain" cases.
I sell a number of 1 gram silver coins and bars on my website (not on eBay), but there is no question about the weight...it is very clear that they are 1 gram. I actually sell the rounds shown in the first link and just got some of the rounds shown in the second link...they are both nice little rounds in my opinion. |
Nate
The Copper Cave
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n/a
deleted
478 Posts |
Posted - 01/15/2010 : 19:47:36
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| You can buy 90% on ebay for at or below spot these days. Why bother with these things? |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 01/15/2010 : 20:51:30
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quote:
Originally posted by CuproNickle
You can buy 90% on ebay for at or below spot these days. Why bother with these things?
The one guy on Ebay was selling the gram coins for $4.00 each. I can't think of any justification for selling silver at over $120 an ounce. |
Edited by - theo on 01/15/2010 21:00:15 |
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 01/15/2010 : 21:19:19
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quote:
Originally posted by CuproNickle
You can buy 90% on ebay for at or below spot these days. Why bother with these things?
Hi there-
I second that. Buy a coin or bar that has some dignity, people!  If you're really worried about having smaller denominations of silver, get dimes!
Also shaking my head over "1/2 gram" gold bars. Don't sneeze too hard or it's gone! 
My unsolicited opinion- People will always have money or goods to trade with. Save up and buy standard-sized coins. Lower premiums and better availability.
JMO
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 01/15/2010 : 21:39:11
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| I'd stay away from the 1 gram stuff. Too much premium. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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Shattered
Penny Hoarding Member
USA
523 Posts |
Posted - 01/16/2010 : 11:48:06
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I have 3 1 gram maple leaf rounds. I bought them for novelty. They are pretty cool and best of all don't have the queen on the other side.  |
"I need metal in my life, just like an eagle needs to fly."
-Joseph DeMaio : Die For Metal |
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The Finest
Penny Sorter Member
USA
56 Posts |
Posted - 01/16/2010 : 11:50:48
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quote:
Originally posted by theo
quote:
Originally posted by CuproNickle
You can buy 90% on ebay for at or below spot these days. Why bother with these things?
The one guy on Ebay was selling the gram coins for $4.00 each. I can't think of any justification for selling silver at over $120 an ounce.
How bout a 1875 Draped Bust Dollar, I'd justify buying that for $120 an oz :) |
A fool and his money are soon parted. I would pay someone a lot of money to explain that to me.-Homer Simpson |
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The Finest
Penny Sorter Member
USA
56 Posts |
Posted - 01/16/2010 : 11:51:56
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| I mean 1795************* |
A fool and his money are soon parted. I would pay someone a lot of money to explain that to me.-Homer Simpson |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 01/16/2010 : 21:37:03
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quote:
Originally posted by Shattered
I have 3 1 gram maple leaf rounds. I bought them for novelty. They are pretty cool and best of all don't have the queen on the other side.
You got something against Her Majesty? |
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man. George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Selling silver in grams. A new scam?
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