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Garage Sale - Pick UPS

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Pillar of the Community
lim118's Avatar
Australia
1529 Posts
 Posted 12/30/2005  9:07 pm Show Profile   Bookmark this topic Add lim118 to your friends list Get a Link to this Message Number of Subscribers
Picked up this medallion set yesterday at a local garage sale for a princely price of AUD65.00...

Garage-Sale---Pick-UPS

The Medallions Inside

Garage-Sale---Pick-UPS

Garage-Sale---Pick-UPS

Garage-Sale---Pick-UPS

Garage-Sale---Pick-UPS

Garage-Sale---Pick-UPS

Garage-Sale---Pick-UPS

From the enclosed COA, this is one of 10,000 sets minted by the Royal Australian Mint in commemoration of Australia's Bicentennial Celebrations. Each proofed medallion is sized at diameter 50mm, thickness 4mm and weighs 71 grams of silver. I am chuffed......
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rggoodie's Avatar
United States
23534 Posts
 Posted 12/30/2005  9:25 pm  Show Profile   Bookmark this reply Add rggoodie to your friends list Get a Link to this Reply
Great Find
I'll give you 70 for it.

rggoodie
aka Richard
"catch em doing something right"
Edited by rggoodie
12/30/2005 9:42 pm
Pillar of the Community
KLD's Avatar
Australia
1079 Posts
 Posted 12/30/2005  11:53 pm  Show Profile   Bookmark this reply Add KLD to your friends list Get a Link to this Reply
Lim the better question is are you a meallion collector?

They look very nice, but I would not buy them as I do not like medallions.

I suppose what I am asking is other then their proof beauty, what is the attraction?
Pillar of the Community
lim118's Avatar
Australia
1529 Posts
 Posted 12/30/2005  11:58 pm  Show Profile   Bookmark this reply Add lim118 to your friends list Get a Link to this Reply
quote:
Originally posted by rggoodie

Great Find
I'll give you 70 for it.





Good try matey...
Pillar of the Community
lim118's Avatar
Australia
1529 Posts
 Posted 12/31/2005  12:05 am  Show Profile   Bookmark this reply Add lim118 to your friends list Get a Link to this Reply
quote:
Originally posted by KLD

Lim the better question is are you a meallion collector?

They look very nice, but I would not buy them as I do not like medallions.

I suppose what I am asking is other then their proof beauty, what is the attraction?



No lars, I am not much of a collector of medallions or tokens unless they are internment camp tokens. Attraction The mere price of the set. Figure it out, 71 grams per medallion multiply by 6 medallions and I only paid AUD65.00 for it...
Rest in Peace
Mike's Avatar
United States
2884 Posts
 Posted 12/31/2005  12:14 am  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
If I'm doing the math right,(28 grams=1 ounce?)the total silver is over 15 ounces! At $8.85 an ounce melt it would be about $135.00 U.S ! Beautiful coins and a steal at that! Congratulations. It makes me want to go back to checking out yard and garage sales. It couldn't go to a better man.

I know my daughter Katie, vast136 on the forum will mail you a thanks but I have to tell you she called me today and told me about the "Bonus Coins" you sent. She was thrilled and definately should become a "Knightess" and is already a die hard "Darksider" from way back when! Thanks very very much for your kindness and generousity Mike
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KLD's Avatar
Australia
1079 Posts
 Posted 12/31/2005  12:27 am  Show Profile   Bookmark this reply Add KLD to your friends list Get a Link to this Reply
Fair enough, I forgot what the silver price was these days.

I must join in and say............WELL DONE!

But are you going to sell them....my guess is no.
Pillar of the Community
lim118's Avatar
Australia
1529 Posts
 Posted 12/31/2005  12:46 am  Show Profile   Bookmark this reply Add lim118 to your friends list Get a Link to this Reply
quote:
Originally posted by Mike

If I'm doing the math right,(28 grams=1 ounce?)the total silver is over 15 ounces! At $8.85 an ounce melt it would be about $135.00 U.S ! Beautiful coins and a steal at that! Congratulations. It makes me want to go back to checking out yard and garage sales. It couldn't go to a better man.

I know my daughter Katie, vast136 on the forum will mail you a thanks but I have to tell you she called me today and told me about the "Bonus Coins" you sent. She was thrilled and definately should become a "Knightess" and is already a die hard "Darksider" from way back when! Thanks very very much for your kindness and generousity Mike



It is 31.6 grams to an ounce. Yes sometimes you never know what can be picked up at garage sales.

Thanks for letting me know that Katie has received that parcel.Nothing like pleasant surprises to encourage young collectors in this great hobby of ours.

I am sure the other Knights will welcome her into the fold, we can't have Kyra ruling the roost by herself....[:p]

Happy New Year to you and Katie.
Rest in Peace
Mike's Avatar
United States
2884 Posts
 Posted 12/31/2005  02:32 am  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
Howdy! According to the conversion tables there are 28.349 grams in an ounce. Mike Here's the conversion link....

http://www.metric-conversions.org/w...o-ounces.htm
Forum Kid
thekidcollector's Avatar
Kuwait
1523 Posts
 Posted 12/31/2005  03:21 am  Show Profile   Bookmark this reply Add thekidcollector to your friends list Get a Link to this Reply
Awesome Melt Profit!!
Pillar of the Community
KLD's Avatar
Australia
1079 Posts
 Posted 12/31/2005  7:08 pm  Show Profile   Bookmark this reply Add KLD to your friends list Get a Link to this Reply
I just checked my maths book form college and Mike was right.

28.35grams to an ounce.
Pillar of the Community
lim118's Avatar
Australia
1529 Posts
 Posted 12/31/2005  9:00 pm  Show Profile   Bookmark this reply Add lim118 to your friends list Get a Link to this Reply
quote:
Originally posted by KLD

I just checked my maths book form college and Mike was right.

28.35grams to an ounce.



I may have caused a bit of confusion here as both Mike and your good self are right when a direct metric conversion is used. Being directly involved in the precious metals industry, my mind always think along the lines of TROY ounces and it was the Troy ounce conversion figures I used.

Troy Ounce

The traditional unit of weight for gold is the troy ounce, named, it is thought, after a weight used at the annual fair at Troyes in France in the Middle Ages. Although the metric system is used increasingly in mining and the gold business, the troy ounce remains the basic unit in which the price of 995 gold is quoted. One troy ounce = 31.1034807 grams, 32.15 troy ounces = 1 kilogram, 1 troy ounce = 480 grains, 1 troy ounce = 20 pennyweights (North American jewellery trade), 3.75 troy ounces = 10 tolas (Indian sub-continent), 6.02 troy ounces = 5 taels (Hong Kong), 1 troy ounce = 155.52 metric carats (diamonds/precious stones).

Now the real bone of contention is "which one does Mints used"

I took the weights of 12 different 1 oz silver Kookaburras this morning, out of the 12 weighed, 2 had readings of 31.2 grams, 6 had readings of 31.5 grams, 3 had readings of 31.6 grams and one registered 31.7 grams.
Edited by lim118
12/31/2005 9:18 pm
Pillar of the Community
lim118's Avatar
Australia
1529 Posts
 Posted 12/31/2005  9:11 pm  Show Profile   Bookmark this reply Add lim118 to your friends list Get a Link to this Reply
In addition to the above post, I have just weighed a 2002 Morgan Mint Silver dollar and the reading I got is 31.2 grams. Would have liked to take more weighings of US coinage but unfortunately it is the only 1 ounce silver coin I have from the US. I would be interested what our US friends get from their weighings of bullion coins.
Rest in Peace
Mike's Avatar
United States
2884 Posts
 Posted 01/01/2006  03:56 am  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
Once again, I learn something new on the forum! Thanks for the clarification. Are all silver and gold coins measured in Troy Ounces? MikeNote, below the weights of Morgans, Peace dollars and American Silver Eagles all in Troy ounces at 31.1 grams!

Specifications of Morgan & Peace Types
Diameter 38.1 mms
Weight 26.73 grams
Silver Alloy .900

Notes to Table
Face Value = Denomination in American Dollars.
Weight = Standard weight in grams.
Silver Content = Fine silver content in troy ounces.
Diameter = Diameter in millimetres.
Alloy = .9993 silver; .0007 copper

One Ounce Silver Bullion Coins
The USA in 1986 was the first country to issue a one ounce silver bullion coin, following on from the success of the one ounce gold krugerrand since 1967.

Specifications of American Silver Eagles
Size 1 ounce
Face Value $1
Weight 31.01 grams
Silver content 1 ounce
Diameter 40.60

Notes to Table
Face Value = Denomination in American Dollars.
Weight = Standard weight in grams.
Silver Content = Fine silver content in troy ounces.
Diameter = Diameter in millimetres.
Alloy = .9993 silver; .0007 copper



Edited by Mike
01/01/2006 04:34 am
Pillar of the Community
lim118's Avatar
Australia
1529 Posts
 Posted 01/01/2006  04:23 am  Show Profile   Bookmark this reply Add lim118 to your friends list Get a Link to this Reply
Has been an interesting afternoon Mike....

I have taken weights of the Canadian Maple leaf, the Aussie Kookas and the Aussie Silver Roos (all 99.9 silver coins)and they all come out with a minimum of 31.2 grams to the ounce.

Have you any US 1oz 99.9 silver bullion coins to check out their weights

It has also got me wondering about UK 1oz silver bullion issues. Would be great if a member who have those type of coins can post their findings.

Have a Great New Year....
Rest in Peace
Mike's Avatar
United States
2884 Posts
 Posted 01/01/2006  04:51 am  Show Profile   Bookmark this reply Add Mike to your friends list Get a Link to this Reply
Here's a site that has lots of info on the weights and spec's of lots of coins....Mike

http://tinyurl.com/bkqnj
Edited by Mike
01/01/2006 04:58 am
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