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Nickelless
Administrator
USA
5580 Posts |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 08/14/2008 : 07:29:39
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| It didnt seem clear to me if the coins would weigh a total of one ounce (and therefore have less than one ounce of silver) or how he is measuring this exactly. And also is he measuring in Troy ounces or Aveir-Dupois (I think that's the system we use) ounces? On a one ounce auction there isnt much of a difference but it would be nice to know exactly what you're getting. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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natsb88
Administrator
USA
1850 Posts |
Posted - 08/14/2008 : 09:31:25
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I thought it was pretty clear, except for avoirdupois vs troy ounces, which for something this size wouldn't be much of a difference. He also said it would be a little over anyway.
The only thing that bothers me about this auction is this:
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Nate
The Copper Cave
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/14/2008 : 11:18:58
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I sent him a question to clarify. I think he is selling the coins by the ounce, not the silver. I also suspect he is selling based on regular, not troy ounces. If you have an actual stack of silver coins, you should understand the difference.
I suspect this is a creative but silly confusing way to get people to bid the spot silver price per troy ounce, and get less silver then they expect. Might reel in some casual or newbie silver buyers, or people who don't read far part the headlines. Most auctions tell you they are selling 100 Rosie dimes, or whatever which allows everyone to calculate what they are getting. By saying he will weigh out the coins from every 90% silver coin made in US history you really can't calculate very well at all. |
“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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wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 08/14/2008 : 19:29:25
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Hi all,
I smell gimmick from this ebayer.
It's very simple. Sell the coins in X dollar increments, eg. $5 face, and buyers will figure out market price like they've been doing for over 10 years since ebay began. Why the "oh, I can't tell you what you'll get, but it'll be over an ounce?!?!!" STOOPIDDD!!!!!
Sorry, I'm kinda mad about silver's recent dive...
wags
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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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natsb88
Administrator
USA
1850 Posts |
Posted - 08/14/2008 : 19:39:55
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| I really don't see the problem. How is it any different than selling copper pennies by the pound instead of by X-times face value? |
Nate
The Copper Cave
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wagsthadog
Penny Hoarding Member
USA
565 Posts |
 Posted - 08/14/2008 : 21:55:20
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quote:
Originally posted by natsb88
I really don't see the problem. How is it any different than selling copper pennies by the pound instead of by X-times face value?
Hi there,
It's not really a problem per se, but it lends itself to vagueness when it doesn't really need to. Copper pennies can be tedious to count, so I can understand going by the #, but why is the seller unable to detail exactly which coins you get? Why the bonus coins? What exactly are you getting for your money?
It would just seem a lot more sensible to say exactly what and how much face you're selling, rather than the cutesy "mystery grab bag" type sale.
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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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/15/2008 : 05:28:48
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quote:
Originally posted by legacypac
I sent him a question to clarify. I think he is selling the coins by the ounce, not the silver. I also suspect he is selling based on regular, not troy ounces. If you have an actual stack of silver coins, you should understand the difference.
I suspect this is a creative but silly confusing way to get people to bid the spot silver price per troy ounce, and get less silver then they expect. Might reel in some casual or newbie silver buyers, or people who don't read far part the headlines. Most auctions tell you they are selling 100 Rosie dimes, or whatever which allows everyone to calculate what they are getting. By saying he will weigh out the coins from every 90% silver coin made in US history you really can't calculate very well at all.
Here is the answer:
Hello this auction is for alittle over one ounce of 90% silver coins. Yes, its a regular ounce, but will weigh alittle over one ounce as its hard to weigh exactly one ounce of coins. In addition to that weight, you will recieve a free 90% silver coin also. That coin is not included in the one ounce plus weight. Thanks alot, Adam
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“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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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 08/15/2008 : 06:18:00
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Still never says what a "regular" ounce is. To me, if you are talking silver, then a "regular" ounce is a troy ounce. If we are talking a bag of chips, then a "regular" ounce is an avoirdupois ounce.... So is it in troy ounces?
Deal
p.s. I realize that he probably means avoirdupois, but it still isn't clear. |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Something strikes me as weird about this auction
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