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 Replies: 7 / Views: 1,277 |
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Valued Member
Canada
224 Posts |
I want to trade my 10 oz silver bar for 12-13 oz in 50% 1968 Canadian silver dimes. Would this be a fair deal?
If not, what would be? Thanks.
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Pillar of the Community
7234 Posts |
So you are wanting to trade 10 oz of silver for roughly 6 oz of silver. Am I missing something?  |
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Pillar of the Community
United States
634 Posts |
Just to clarify, you mean the dimes contain 12-13 ox of silver?
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Valued Member
 Canada
224 Posts |
Clarification: True Silver Weight is what I meant with the 1968 50% silver dimes. So the silver alone for the dimes should weigh 12-13 ounces.
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Rest in Peace
10197 Posts |
IT  , a tad confused eh? If it's 13oz. UNPROCESSED ASW for PROCESSED 10oz. ASW then you may be in the ballpark of an even-steven deal. But what do you gain? Are you thinking "prepper" perchance? A more readily accessable form of exchange during the coming Apocalypse? I would think 50% dimes will hold no real transfer potential. If it comes to metals exchange, just cut chunks off the bar, have accurate weights of it. Raw ore is better than unsmelted. Think of the Spanish Cobs...even 80/90% silver will be worth more. Edited by Crazyb0
03/19/2017 5:35 pm
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Valued Member
Canada
224 Posts |
Crazyb0, every day we're smelting 80%, 90%, and 92.5% junk silver here in North America. The thing is that these coins won't last forever. Here's the thing: nobody's paying attention to the 50% Canadian coinage. Now, let's not talk about 1967 'cause that's just risky, we're focusing on 1968 silver.
All 50% silver is near-guarantee to be unworn while the higher silver% are often quite worn, causing a lack in numismatic value. So 50% is cleaner silver.
Another thing going for 50% silver is that despite being more pure than 40% silver, it is preferred less due to it's overall lower mintage. But I suspect that this will change when the higher silver% are smelted out, eh?
Any opinions?
Edited by mike9999999
03/19/2017 9:01 pm
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Bedrock of the Community
United States
11951 Posts |
If you like the 50% ... than it might be right for you.
I would check in your area to see what you could sell your 10oz. bar for
and what you could sell 12oz. of 50% for. Then compare the numbers.
If possible, I would suggest to save and buy more silver, instead of trading.
Canada silver is one of my favorite coins to pick up. I like .800 fine with
.6 ASW per dollar. The numbers are easy to work out.
Roll of Canadian dimes 3oz., quarters and halves 6oz. and roll of
Canadian dollars 12oz.
My guess is that most silver coins do not get melted. They are already in
a known tradable state.
In my collection I would guess I have 100oz. Canadian silver and over
1000oz U.S. Silver ... I am sure there are a million guys that have what I have.
And hundreds of thousand of guys that have more.
I would think it is better to stack the type of silver everyone else likes and
not try to guess what might be popular in the future.
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Valued Member
Canada
224 Posts |
Most definitely not a million guys but some few tens of thousands more likely. They are melting 1000s of ounces of silver everyday, and I see .800 junk silver getting more and more worn by the minute.
Now, I'm not betting my retirement money on a single drag race (well I'm only 14 anyways); I don't solely purchase .500 silver. I mean, just picked up 4 .800 silver dollars on Saturday, so I'm spreading my weight across the ice I suppose.
Thinking about it now, I really don't like the shape most .800 silver is in, the few I have don't compare to my .500 at all.
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Replies: 7 / Views: 1,277 |
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Posted 03/19/2017 5:21 pm
