800oz Bags Of Silver From State Of Massachusetts?

livingwater - when my boyfriend's mom passed away, because he couldn't find the key to her box, they wouldn't open it for him. He doesn't know what's in there, and he's the executor of the estate. I think they were ripping him off, to be honest...

They have 42 25 kilo bags, that's 1,050 kilos of silver.

They want just over 32 per troy ounce. That's over $1,000,000.

ebay fee will be $1,422 per bag if the bag sells for the minimum bid.

It would be my inclination to shy away from buying gold and silver, in both bullion and coin form just now.

If you are a long term stacker,
sudden price rises above medium term trend lines are usually followed by a fall, and that is the time to consider re entering the buying side of the market.

Sellers are currently taking their profits.

Spot on that silver is $26,016 for $25,720 so your looking at a few hundred dollars of loss which would just be eaten away even further if you found a dealer with that kind of cash between his profit and melt down costs.

For the gold you bought at at $592,259 the price for spot scrap gold is $552,949 in that weight so you'd be taking a beating right off and could only hope for gold to go higher.

Either way the numbers dont add up. If it were me and I had the cash I'd probably go with the gold despite the instant loss of $40 K because I have little doubt gold will go higher. Recently it was at $3,500 oz which makes the numbers much friendlier at $583,000 and I have little doubt it will soon be at $4,000 oz which puts the value of the bag at $666.264 or thereabouts, making it worthwhile tho I dont know what you'd get for it.

With both your probably best off just putting it in a safe deposit box and forgetting about it for a decade or two until the price for both or either has broken orbit for Mars insertion.

The numbers for this silver bar are even worse. I dont know who Johnson Matthey was but I doubt he was important enough for me to buy spot $1,045.22 of poured silver for $2,500.00. You could put the names of Jesus Christ on it and I wouldn't be that big a sucker to buy it.

Here, I just beat it by far at a few bucks over spot. https://www.herobullion.com/1-kilo-...y-condition/

RE: boyfriend's mom's box - he did provide all of that. They said it has to go to probate or something... whatever it is, it would cost too much... they told him to wait until the contents are deemed abandoned... sounds like the usual hack garbage we get here in Massachusetts...

I dont know how common it is but its not totally unusual. Ive seen it sold that way from bullion houses tho that is a rather large amount. Personally I'd never trade in beaded metal, of those quantaties most of all unless it was a deal to good to pass up.

Which this isn't.

I know its a long time since this post was active, but silver "beads" can also be called "popcorn" and it is used in electroplating as silver anodes in silver cyanide plating baths. My silver supplier told me the popcorn was produced by spraying liquid silver into water and letting it harden as it falls to the bottom of the tank.

I never used the popcorn though. We bought silver as hard temper rolled bars 4" wide by 6" long and 1/4" thick. The thickest I could get in hard temper was 5/8" thick.