Provident Metals Having 2 Day Sale On Junk Silver UNDER Spot!

[Shami-Amourae]

http://www.providentmetals.com/1-face-value-90-silver-us-coins.html

Not trying to spam, I just thought this was awesome. It only lasts 2 days from the time of this post.

http://www.providentmetals.com/skin/frontend/pm/pm01/images/promo/slideshow/clearance-silver.png

[osoab]

http://www.providentmetals.com/bullion/silver/us-slv/90-slv.html

I don't see it below spot.

http://www.coinflation.com/silver_coin_values.html

1 dollar face of Franklin halves for 31.88 in good condition. Coin flation has them at 14.6667 each. I assume that is for full weight of silver.

Same for Morgans and Peace Dollars.

[Shami-Amourae]

It's only for their crap shoot junk silver lot, where you get random coins (usually the 1932-1964 Silver Quarters.)

The deal refers to this:
http://www.providentmetals.com/1-face-value-90-silver-us-coins.html

This will help analyze with the quarters:
http://www.coinflation.com/coins/1932-1964-Silver-Washington-Quarter-Value.html

I'm saying you'll get quarters, since the last time I got it I got nothing but quarters.

[madfranks]

I'd be upset if I bought some and ended up with a bunch of culls. However, the price is good, and if I had the extra FRNs to burn on silver right now I'd probably go for it.

[osoab]

Still not below spot. 40.45 (top of my page) x .715 = 28.92 Provident says 29.07.

I'm not trying to bust balls or anything. The page I gave, is what Provident redirected me to. Seems somewhat shady even if their 1/4 Pt eagles seem cheap compared to all others. NWTM is about 180 higher.

[Shami-Amourae]

I'd be upset if I bought some and ended up with a bunch of culls.

I got a crap shoot when I did it. Some of the coins were perfectly flawless/uncirculated, and some were cull.

[Shami-Amourae]

Still not below spot. 40.45 (top of my page) x .715 = 28.92 Provident says 29.07.

You're looking at the regular prices, not the bulk prices ($100+ face value.) You also have to factor in the 10% copper prices (which is pennies.)

http://gold-silver.us/forum/attachment.php?attachmentid=351&stc=1&d=1311040144

I'll show you using the coinflation model:

The NYMEX (http://www.nymex.com/) uses pounds to price copper and that means we need to multiply the metal price by .00220462262 to make the conversion (http://www.google.com/search?hl=en&lr=&q=grams+to+pounds&btnG=Search) to grams. The silver price is based in troy ounces and that means we need to multiply the metal price by .0321507466 to make the conversion (http://www.google.com/search?hl=en&q=grams+to+troy+ounces&btnG=Google+Search) to grams.



1. Calculate 90% silver value :

(40.60 × .715) = $29.029


29.03 is the rounded silver value for the 1932-1964 silver quarter on July 18, 2011. This is usually the value used by coin dealers when selling these coins at melt value. However, the total melt value is continued below.



2. Calculate 10% copper value :

(4.3887 × .00220462262 × 25 × .10) = $0.024188568230985

29.03 + 0.03 = $29.06 - $0.21 = $28.85

So the price is off about 3 cents more of what it's advertised to be, but it's still selling under spot.

[osoab]

So it's a deal if it is 100x face or higher. Once again, slightly shady. I can't plop 2900 down currently. 10 dollar face I could swing.