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Replies: 20 / Views: 6,194 |
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Pillar of the Community
United States
1547 Posts |
Ah, that's right. Major goof-up. I just clicked ATB to get the specifications and 5.7 grams was the only weight listed. I just assumed it was for both types, as they listed the compositions of both types. You're saying the silver proofs are 6.25 grams. I understand. PS: I wish you'd have pointed that out earlier, you'd have saved me a lot of math. 
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Valued Member
 United States
185 Posts |
Well thanks for all the information. I am beginning to understand now how the melt is obtained.
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Valued Member
 United States
185 Posts |
6.25 grams x 0.9/31.1 grams) = .1809
Where did the .9 and the 31.1 come from?
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Bedrock of the Community
United States
12437 Posts |
0.9= 90% correction 31.1= grams/troy ounce
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Pillar of the Community
United States
2589 Posts |
since the coin is only 90% silver you have to subtract 10% of the wieght in order to get the silver value hence the x.9
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Rest in Peace
United States
9104 Posts |
* by .9 because they're 90% silver, / by 31.103 because there are 31.103 grams to the oz.
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Valued Member
 United States
185 Posts |
Well with all your help I was able to buy the 2010 ATB Silver quarters for $33.00. I plan on breaking open the plastic them came in and put them in some air-tites. I think this is a great way to store some silver quarters and protect the coins. Should I then put the air-tite in a 2x2 like some of the other members on here?
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Pillar of the Community
United States
7194 Posts |
Holly math batman. Get a Red Book and check the tables for bullion value!
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Valued Member
 United States
185 Posts |
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Pillar of the Community
United States
1817 Posts |
That's not a bad deal trip, considering there is over .9 oz of silver in five quarters. @$38/oz., that is more than $34 in melt, so getting them for under melt is always a good deal. I store mine in 5/row Whitman snap tites and they fit exactly inside a large box for mint sets, so it works out well. Incidentally, I have found the 90% silver proofs to be way cheaper pound for pound than the generically traded ASE, and it is an el cheapo way to hold on to some silver.
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Bedrock of the Community
United States
10982 Posts |
A bought a bunch of sets of ATB proof quarters when the mint was selling them for $32.95 I think it was. Right at melt anyway. I cracked them out and put them in 2x2s but am now thinking about just putting them in tubes for ease of storage. 2x2s are great for protection and display if you're adding these to your numismatic collection.
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Pillar of the Community
United States
1817 Posts |
This what I have paid so far for my 2011 ATB sets: $42.06 $30.93 $30.22 $31.90 $33.16 All since starting February 1st, and all purchased individually. Compare this to my 2010 ATB sets: $37.46 $32.80 $30.13 $46.53 $28.94 $28.33 $27.65 $25.75 $28.93 $28.86 The last 3 were completed this year when silver was $33+/oz. The earlier figures were coins bought in July and August 2010 when silver was only $17 or $18/oz, and the silver proof set had just been released. So there are some great deals to be had in 90% silver proof, definitely.
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Valued Member
 United States
185 Posts |
BIZ - where did you purchase your 2011 sets? Those seem like some very good deals and I would like to get my hands on some.
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Pillar of the Community
United States
592 Posts |
I was purchasing on a regular basis, silver State Quarter proof sets at or below melt with s&h for quite a while.  Now it seems like everyone & his brother are bidding these up way over melt & disregarding the shipping charge. http://www. (124) Not Allowed - Auto-Removed .com/ This is the calculator I always use, Is it allowed? There's good info & the articles are often quoted here. If not allowed why not?
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Pillar of the Community
United States
1817 Posts |
@ Trip: I get all of my 90% silver proof on e-Bay, and all of the designs have been appearing with predictable frequency. The majority of sellers have free or .99 shipping and I factor that into the bid. Right now my buy price is $7.50 per coin or $35.00/set. I avoid the OGP sets as they sell for $38-$43, competitive, but I can do better. The easiest coins to win at melt seem to be Glacier, Olympic & Chickasaw. Both Gettysburg & Vicksburg have been running about $8.50-$10.00 per the last couple of weeks, so I will wait until the fever dies down (if it ever does!). My point on the 2010 sets was they were cheaper this year than last, and still contain the same amount of silver the last time I looked! You might want to wait until the 2012s are released to get the 2011s, but down side to waiting is silver advancing $10 or $20 more by then.
One quick bidding note: I always found the auctions that started with a high price such as $4.99 easier to win at the price I was willing to pay than the .01 or .99 starting bids. More often than not I would win the coin at the start price, which was often lower than the final high bid on the .01/99 auctions.
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