Just a hypothetical question, I have already seen the GP level of knowledge on this subject. 1. In my left hand is a 1 oz Silver Eagle Coin, in my right hand is a brand new $50 dollar bill? Scenario 2. You are selling your 40 year old boat, someone offers you cash + 100oz Bar (certified) Silver. How much would the bar contribute to the sale? Which do you choose in Scenario 1.? I saw a video recently with these types of scenarios posed to youths, but involved a candy.! SCARY!
SILVER-As Trade
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O C Diver
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Don't know if the coin has any additional value do to rarity, but with silver currently around $27 dollars an ounce, I'll take the $50 bill.
In scenario 2, theoretically the silver is worth $2,700. However there is a cost to convert it, so I wouldn't reduce the price by that much.
Ted
In scenario 2, theoretically the silver is worth $2,700. However there is a cost to convert it, so I wouldn't reduce the price by that much.
Ted
CharlieO.
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I'd take the $50, If i wanted a coin I could go buy one and have a coin and $20.
I'd tell the buyer to cash in his silver and bring me cash. I wouldn't be interested in holding on to the silver as an investment nor would I want to take in myself.
I'd tell the buyer to cash in his silver and bring me cash. I wouldn't be interested in holding on to the silver as an investment nor would I want to take in myself.
FWT
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What they said.
To add to it, Bitcoin and other crypto's seem to be the new precious metals. Silver has always taken a backseat to gold as protection, and now gold seems to be taking a backseat to cryptos. If taking payment in something other than greenbacks, at least go with the alternative that is hot.
To add to it, Bitcoin and other crypto's seem to be the new precious metals. Silver has always taken a backseat to gold as protection, and now gold seems to be taking a backseat to cryptos. If taking payment in something other than greenbacks, at least go with the alternative that is hot.
tiltrider1
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For this group a better correlation would be 10,000 gallons of diesel fuel or $20,000.
RT Firefly
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Greetings,
Does this mean I can buy a boat with a Power Ball ticket? Worth 17 MILLION!
Does this mean I can buy a boat with a Power Ball ticket? Worth 17 MILLION!
Swa
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Current Spot 25.82 x 100= $2582.00 for bar Eagles value around 30. I'd take the $50.cash
SteveK
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You forgot the price of the ticket you lost.
Swa
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Crypto/Bitcoin? I would never consider. Along with a good used Tesla
FF
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Some folks have used the FACE value when using silver coins to purchase an item that comes with a sales tax.
Bags of "Junk" silver are available easily.
Bags of "Junk" silver are available easily.
