JoppySlow

4 hours ago, LawrenceChard said:

Did you pay"spot" price?

😎

No. He asked $25 for each. Which seemed reasonable to me because the listings I was seeing at major online dealers (Apmex, JM, SD) was $26-27 range (for CC/PayPal - not bothering with check payment for the small amounts I'm getting) plus shipping and tax. So I handed the guy a Benjamin and he handed me four silver rounds, in flips. No muss, no fuss.

4 hours ago, AaaGee said:

I like the prospector coin 👍

Yeah, it is unique. I did an image search for "1 oz silver round Prospector" and the only example I found for this design was a thumbnail image for an old ebay listing, that is no longer there. Kinda' weird that the thumbnail still shows up in the search list of images, but the ebay link was dead.

Here's the reverse.

Hmmm... I'll take it from the lack of replies to my previous question that I was still making much ado about nothing.

Well, I decided to take some of these to a downtown coin shop. I talked with a kindly elder gentlemen, who's been in the business for over 40 years, and expressed my concerns. He basically reinforced what some of you have said here. Nothing he would even think about questioning. 

I had $100 with me and asked if he had any similar 1 oz. rounds. I left the store with four new "generics" to add to my humble little stack. 

I bought a few more of these coins - I must confess to being one of the peasants with but a mere pittance to invest, so yes, my stacking is going to be bit by bit.

A couple of them have a different kind of "blemish" I'm curious about. I understand that it doesn't affect the value, but it's still a minor annoyance. Can someone tell me just what it is that might be causing this?

I've watched numerous Youtube videos about "generic" rounds and haven't seen any examples shown with this kind of tire tread pattern.

8 hours ago, Happypanda88 said:

For example, from the chart below (Q3 2018), one company might see all-in sustainable costs above the $16 per ounce, while other companies reported costs of $10.80 per ounce. 

 

 

 

Ok, so I did a little looking around and found this article at Yahoo Finance from July 18th:

https://finance.yahoo.com/news/americas-gold-silver-provides-q2-110000810.html

Quote

• Year-to-date, consolidated attributable production totalled approximately 600,000 silver ounces and 2,618,000 silver equivalent ounces at a YTD cash cost per silver ounce of approximately negative $4.84 per ounce and consolidated YTD all-in sustaining cost per silver ounce of $2.64 per ounce.

$2.64 per ounce? On a spot price just over $20? Is that comparing the same thing as in that chart, or is the "consolidated YTD" making it seem so low?

I am actually glad this got posted. I watched a couple of other videos featuring Peter Krauth the other day. Being the newb that I am, he sounded impressive, but I came away from them skeptical.

Sincere question, though. Is the price to produce silver around $18-$19? The so-called "floor" where there's no incentive to even "turn on your drill?"

42 minutes ago, Lyrinn said:

As your first piece of silver (which I assume it is?), keep it. Never throw it away, never sell it.

I've been carrying that particular one, with the "blemishes", around in my pocket. I'm growing rather fond of it. 😄

There is definitely something unique about holding precious metals in your hand for the first time.  

[edit]- @SidS Oh, just saw your post... yeah, what I said above. Looks like it's now part of my EDC (Every Day Carry). 😎

Thank you all, for the warm welcomes. 🙂

Oh, my... @HerefordBullyun, thank you for including that link to the "significant videos" in your sig. That will keep me occupied for a good while. 😄

16 hours ago, gji25 said:

we all learn something new every day 👍

Speaking of which... I just discovered this morning that this "design" that I like so much is simply a replication of the Walking Liberty Half Dollar. 

26 minutes ago, James32 said:

1oz in precious metals is known as a troy oz.

Ah, ok... I have seen some coins with "troy oz" marked on them. That completely slipped my mind when I was weighing them.

I am leaning towards "not gonna' worry about it."

Thanks for all the replies. 

1 hour ago, gji25 said:

as they are bullion rounds i would,nt worry too much about it.

at the end of the day a oz of silver is a oz of silver imo 😃

 

Hmmm... that got me curious. I weighed the coin on my kitchen scale and it came up as 1.1 for ounces, 31 for grams. (1 oz = 28.35g)

While it's not a precision instrument (doesn't have decimals for grams), it does show exactly 30g when I put 6 regular nickels on it. Modern nickels weigh 5g, so I know it's fairly accurate.

Is that something to be suspicious of?

These are Walking Liberty coins, btw. I'm kind of partial to those at this early stage in my journey. And I happen to really like this particular design for the reverse.

Even though I'm mainly interested in them as a store of value, I am enjoying the aesthetic appeal of some designs more than others.

Hi all,

So, I think I've been bitten by the silver bug. I made a bit of an impulsive purchase of four 1 oz Rounds from a site I randomly happened upon. They're from a small private mint and I'm happy with what I got for generic rounds, but one of the coins has some... blemishes, I guess you could call them?

On the reverse, the left side (maybe 20%) of the coin has a slightly different, lighter/smoother finish that leaves a visible line running downwards in front of the eagle.

And then there's a small ding/gouge right alongside the Mint Mark.

Are these things I should be concerned about? Is it worth bothering the dealer for a return/replacement for the one coin? For me, this is one of those, "Now that I know it's there, I can't NOT see it." 

I was able to determine they're made by OZ Mint, in Utah. https://oz-mint.com/

New guy, checking in. 

I think I've watched too many prepper videos on Youtube. They keep talking about this stuff called silver and gold so I figured I should educate myself on the matter.