FS: Franklin MInt Ship Ingots at Bullion Value!!!!!!!

FS: Franklin MInt Ship Ingots at Bullion Value!!!!!!!

Post by mark steven leon » Sun, 27 Jul 1997 04:00:00





Quote:


>>I have a perfect set with walnut display and all papers of the 1971
>>Franklin MInt Ship Ingots.  Perfect as were shipped.

>>Ingots are 1000 grains each and there are 50 of them.

>>Cost is $555 plus shipping.

>>Please e-mail if interested.

>>Thanks
>>Michael Welborn

>Mike, You seem to be having trouble with your math.  As you may know,
>there are
>480 grains to a troy oz.  Since you have 50,000 grains total; divided by
>480, I come
>up with only 104.2 ozs X spot of $4.25 = roughly $443 bullion value.
>Further, it is my recollection that most of what FM sold was only sterling
>silver, not pure silver.
>If that's true your set is only 92.5% pure so we'd have to multiply that
>104.2 ozs times .925 and then have only 96.4 ozs silver bullion giving a
>melt value of around
>$409.70.  As you are further aware, refining of the metal means that
>resale on that
>kind of bullion reduces its true resale another 10% or more, depending on
>the purchasers intentions giving a reasonable value of around $375 or so.

>I could be mistaken, but I believe you've been trying to sell this stuff
>on here for some time, so perhaps you weren't aware that silver had fallen
>about $1 per oz in the last couple of months & thus just used the wrong
>spot in calculating what you represent as bullion value.  I don't blame
>you for trying, but please don't mis-state
>the bullion value of items for sale...its kinda gives the appearance that
>maybe you're trying to dupe someone...and with FOE's occasional postings
>on here, we're kinda
>uptight about that sorta thing.

>Dondi3

please take into account the added shipping costs and the fact that drop in silver by the time it gets to your door may require appropriate discounting. otherwise i agree with the analysis.
 
 
 

FS: Franklin MInt Ship Ingots at Bullion Value!!!!!!!

Post by MWelborn » Mon, 28 Jul 1997 04:00:00


I have a perfect set with walnut display and all papers of the 1971
Franklin MInt Ship Ingots.  Perfect as were shipped.

Ingots are 1000 grains each and there are 50 of them.

Cost is $555 plus shipping.

Please e-mail if interested.

Thanks
Michael Welborn

 
 
 

FS: Franklin MInt Ship Ingots at Bullion Value!!!!!!!

Post by DOND » Mon, 28 Jul 1997 04:00:00



Quote:

>I have a perfect set with walnut display and all papers of the 1971
>Franklin MInt Ship Ingots.  Perfect as were shipped.

>Ingots are 1000 grains each and there are 50 of them.

>Cost is $555 plus shipping.

>Please e-mail if interested.

>Thanks
>Michael Welborn

Mike, You seem to be having trouble with your math.  As you may know,
there are
480 grains to a troy oz.  Since you have 50,000 grains total; divided by
480, I come
up with only 104.2 ozs X spot of $4.25 = roughly $443 bullion value.
Further, it is my recollection that most of what FM sold was only sterling
silver, not pure silver.
If that's true your set is only 92.5% pure so we'd have to multiply that
104.2 ozs times .925 and then have only 96.4 ozs silver bullion giving a
melt value of around
$409.70.  As you are further aware, refining of the metal means that
resale on that
kind of bullion reduces its true resale another 10% or more, depending on
the purchasers intentions giving a reasonable value of around $375 or so.

I could be mistaken, but I believe you've been trying to sell this stuff
on here for some time, so perhaps you weren't aware that silver had fallen
about $1 per oz in the last couple of months & thus just used the wrong
spot in calculating what you represent as bullion value.  I don't blame
you for trying, but please don't mis-state
the bullion value of items for sale...its kinda gives the appearance that
maybe you're trying to dupe someone...and with FOE's occasional postings
on here, we're kinda
uptight about that sorta thing.

Dondi3

 
 
 

FS: Franklin MInt Ship Ingots at Bullion Value!!!!!!!

Post by MWelborn » Tue, 29 Jul 1997 04:00:00


Its still a good price.  I honestly thought silver was $5.25 an ounce.

Anyway its a fair price.  I don't think my offer compares at all to FOE
offerings.