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pissedoffsol · 06-05-2006, 02:25 AM

http://cgi.ebay.com/Huge-lot-of-200-Silver...5QQcmdZViewItem

silver closed friday at $12.34 an ounce.

morgans are 90% silver, and weigh 26.73 grams.

1 grams = 0.0352739619 ounce

26.73 * 0.0352739619 = 0.942873002

so each morgan weighs 0.942873002 ounces.

.94 * .90 = 0.846

so there is .846 ounces of silver per morgan.

.846 * 200 = 169.2

169.2 * 12.34 = $2087.928 worth of melt value.

these fuckers are under melt value. freakin nuts.

on an average coin, the intrinsic value is at least 150% of melt....

i'm freakin tempted....

90 accord · 06-05-2006, 02:47 AM

seems like too much of a pain to make ~100 bucks, that is even if you can sell them at the "list price" for silver

pissedoffsol · 06-05-2006, 10:39 AM

thats not list price, thats throw it in a bucket and melt it price.up to abotu $20-22 each, even in the worst condition, this is still a profitable excursion.

everythign is going nuts...

http://www.kitco.com/gold.londonfix.html

totalburnout · 06-05-2006, 01:01 PM

Less talk, more buying.

Get on the phone with your dad and have him front you on the money. I've heard you talk about your parents being comfortable and I'm sure they could probably help you out.

You could return the money within a month and profited on the investment.

I think it would be stupid for you not to buy. This is like when I see a good deal on anything used, even if I have no use for it, I pick it up and resell it for more.

Slammed89Integra · 06-05-2006, 01:21 PM

:word:

Do it. I sell copper out of the back of my work these days.

I can buy a real of 1/0 gauge for about 1.40/foot from job sites periodically. I turn around and sell it for 2.04/foot an hour later and make well over 300 in profit per roll. The only problem is I get just a small percentage because I'm doing it at work, plus my hourly.

Metal is where its at man. Buy.

SlushboxTeggy · 06-05-2006, 01:49 PM

<div class='quotetop'>QUOTE(Slammed89Int egra @ Jun 5 2006, 01:21 PM) Quoted post</div><div class='quotemain'>
:word:

Do it. I sell copper out of the back of my work these days.

I can buy a real of 1/0 gauge for about 1.40/foot from job sites periodically. I turn around and sell it for 2.04/foot an hour later and make well over 300 in profit per roll. The only problem is I get just a small percentage because I'm doing it at work, plus my hourly.

Metal is where its at man. Buy.
[/b][/quote]
Yea my dad is an electrician and does the same with copper. But he never buys it. If they rip it out of a job site, they split it between a few people and go sell it. Funny that this comes up because we were just talking about it the other day. Prices are sky rocketting on most metal. Stuff they use to just throw is now is bringing in some nice coin.

reckedracing · 06-05-2006, 02:02 PM

My old man was a commercial roofer for a long time
he used to bring home lead, copper and bronze
cashed in prob 10+ years ago though

my friends father works for a guy who was OCD about copper
he would save any unused pieces of pipe, wire etc
he would pick up even the tiniest pieces
well a couple weeks ago he cashed in for 3K+ on the copper he saved
lol

there are a lot of abandoned bungalow colonies around my area
kinda makes me think about gutting the copper wire and all the copper plumbing from them [img]style_emoticons/<#EMO_DIR#>/ph34r.gif[/img]

pissedoffsol · 06-05-2006, 02:18 PM

Well, technically I have the money.... but it will put me near my limits... something I don't like to do.
the point of this would be to save it for a couple years at the very least, and wait till silver goes crazy.

back in 1980, silver was over $50 an ounce.

Slammed89Integra · 06-05-2006, 03:48 PM

<div class='quotetop'>QUOTE(reckedracing @ Jun 5 2006, 11:02 AM) Quoted post</div><div class='quotemain'>
My old man was a commercial roofer for a long time
he used to bring home lead, copper and bronze
cashed in prob 10+ years ago though

my friends father works for a guy who was OCD about copper
he would save any unused pieces of pipe, wire etc
he would pick up even the tiniest pieces
well a couple weeks ago he cashed in for 3K+ on the copper he saved
lol

there are a lot of abandoned bungalow colonies around my area
kinda makes me think about gutting the copper wire and all the copper plumbing from them [img]style_emoticons/<#EMO_DIR#>/ph34r.gif[/img]
[/b][/quote]

Yeah I was talking more like 30k in the couple weeks of selling copper. My company filed chapter 11, so I keep my job by selling copper for the owner.

I can pull about 500 lbs a day on average, it just matters if the guy has enough cash to settle me when I go in. (Check=Paper Trail).

reckedracing · 06-05-2006, 03:59 PM

so you're removing all the old inventory from the chap 11 business?

Slammed89Integra · 06-05-2006, 04:06 PM

Accountants.....

It isn't considered inventory. In a bid, the product/material is considered completely used when a job is finished. Any left overs is literally free material for who ever takes it. Part of my job is to literally take all left over material from job sites and keep them if they can be organized in the shop. Well someone 30 year ago thought it'd be a good idea to do that with wire, and yeah we have tons of wire still. Walls of spools it all over the place, and they can't be used as they're non-current high voltage and such so they don't even have a salvage value anymore.

So I get to cut and strip the wire and sell raw copper at an enormous price so the owner can put gas in his air planes.

totalburnout · 06-05-2006, 11:10 PM

<div class='quotetop'>QUOTE(pissedoffsol @ Jun 5 2006, 02:18 PM) Quoted post</div><div class='quotemain'>
Well, technically I have the money.... but it will put me near my limits... something I don't like to do.
the point of this would be to save it for a couple years at the very least, and wait till silver goes crazy.

back in 1980, silver was over $50 an ounce.
[/b][/quote]

Even so, its sold under market value now. You can be an intermediate and then turn around and sell the silver at a profit.

If I knew of an outlet from which I could sell the silver, I would buy it right now.

MugenCRX · 06-06-2006, 09:57 PM

The high bidders name is harry_beaver_123!! LOL!!

Silverchild79 · 06-06-2006, 10:28 PM

[img]style_emoticons/<#EMO_DIR#>/cool.gif[/img]

civicious · 06-06-2006, 10:38 PM

That's not an ice tray, it's my grill....and that's not a sno-cone, that's my rang...

fa sho!

06-05-2006, 02:47 AM	#2
90 accord Chicks dig the box Join Date: Sep 2002 Location: Tucson, AZ Age: 25 Posts: 4,781 iTrader: 0 / 0% Ride: 2006 Scion xB Rep Power: 92	seems like too much of a pain to make ~100 bucks, that is even if you can sell them at the "list price" for silver __________________ i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i !i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i! i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i !i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i! i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i!i !i!i!i!i!i!i!i!i http://www.hondashowoff.com/profile.php?id=3331 <-- my former SI This is blue

06-05-2006, 01:01 PM	#4
totalburnout Senior Member Join Date: Oct 2002 Location: Northern NJ Age: 24 Posts: 6,203 iTrader: 0 / 0% Ride: 2006 Audi A4 Rep Power: 116	Less talk, more buying. Get on the phone with your dad and have him front you on the money. I've heard you talk about your parents being comfortable and I'm sure they could probably help you out. You could return the money within a month and profited on the investment. I think it would be stupid for you not to buy. This is like when I see a good deal on anything used, even if I have no use for it, I pick it up and resell it for more. __________________ "Good talk... I'll see you out there."

06-05-2006, 01:21 PM	#5
Slammed89Integra Senior Member Join Date: Oct 2002 Location: Washington Age: 22 Posts: 7,741 iTrader: 0 / 0% Ride: 2007 Scion TC, 2005 Suzuki GSX-R 600 Rep Power: 155	:word: Do it. I sell copper out of the back of my work these days. I can buy a real of 1/0 gauge for about 1.40/foot from job sites periodically. I turn around and sell it for 2.04/foot an hour later and make well over 300 in profit per roll. The only problem is I get just a small percentage because I'm doing it at work, plus my hourly. Metal is where its at man. Buy. __________________ When this is all over I think we should get an apartment together.

06-05-2006, 01:49 PM	#6
SlushboxTeggy Senior Member Join Date: Sep 2004 Location: New Jersey Age: 23 Posts: 6,494 iTrader: 0 / 0% Ride: 1997 Integra Rep Power: 196	<div class='quotetop'>QUOTE(Slammed89Int egra @ Jun 5 2006, 01:21 PM) Quoted post</div><div class='quotemain'> :word: Do it. I sell copper out of the back of my work these days. I can buy a real of 1/0 gauge for about 1.40/foot from job sites periodically. I turn around and sell it for 2.04/foot an hour later and make well over 300 in profit per roll. The only problem is I get just a small percentage because I'm doing it at work, plus my hourly. Metal is where its at man. Buy. [/b][/quote] Yea my dad is an electrician and does the same with copper. But he never buys it. If they rip it out of a job site, they split it between a few people and go sell it. Funny that this comes up because we were just talking about it the other day. Prices are sky rocketting on most metal. Stuff they use to just throw is now is bringing in some nice coin. __________________ Like water on a duck's back, just let it roll off... RIP Shaunie T. O'Reilly- 1986-2006

06-05-2006, 02:02 PM	#7
reckedracing TTIWWOP Join Date: Dec 2002 Location: 845 Area, NY Age: 29 Posts: 15,381 iTrader: 0 / 0% Ride: 90 z6-t hatch, 94 Bagged S10, 91 Lifted Mazda Rep Power: 411	My old man was a commercial roofer for a long time he used to bring home lead, copper and bronze cashed in prob 10+ years ago though my friends father works for a guy who was OCD about copper he would save any unused pieces of pipe, wire etc he would pick up even the tiniest pieces well a couple weeks ago he cashed in for 3K+ on the copper he saved lol there are a lot of abandoned bungalow colonies around my area kinda makes me think about gutting the copper wire and all the copper plumbing from them [img]style_emoticons/<#EMO_DIR#>/ph34r.gif[/img] __________________ I'll blow a hole in your face then go inside and sleep like a baby.


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06-05-2006, 02:25 AM	#1
pissedoffsol RETIRED Join Date: Sep 2002 Location: Retirement Home Age: 29 Posts: 49,951 iTrader: 2 / 100% Ride: Electric Scooter Blog Entries: 1 Rep Power: 531	http://cgi.ebay.com/Huge-lot-of-200-Silver...5QQcmdZViewItem silver closed friday at $12.34 an ounce. morgans are 90% silver, and weigh 26.73 grams. 1 grams = 0.0352739619 ounce 26.73 * 0.0352739619 = 0.942873002 so each morgan weighs 0.942873002 ounces. .94 * .90 = 0.846 so there is .846 ounces of silver per morgan. .846 * 200 = 169.2 169.2 * 12.34 = $2087.928 worth of melt value. these fuckers are under melt value. freakin nuts. on an average coin, the intrinsic value is at least 150% of melt.... i'm freakin tempted....

06-05-2006, 10:39 AM	#3
pissedoffsol RETIRED Join Date: Sep 2002 Location: Retirement Home Age: 29 Posts: 49,951 iTrader: 2 / 100% Ride: Electric Scooter Blog Entries: 1 Rep Power: 531	thats not list price, thats throw it in a bucket and melt it price.up to abotu $20-22 each, even in the worst condition, this is still a profitable excursion. everythign is going nuts... http://www.kitco.com/gold.londonfix.html

06-05-2006, 02:18 PM	#8
pissedoffsol RETIRED Join Date: Sep 2002 Location: Retirement Home Age: 29 Posts: 49,951 iTrader: 2 / 100% Ride: Electric Scooter Blog Entries: 1 Rep Power: 531	Well, technically I have the money.... but it will put me near my limits... something I don't like to do. the point of this would be to save it for a couple years at the very least, and wait till silver goes crazy. back in 1980, silver was over $50 an ounce.

06-05-2006, 03:48 PM	#9
Slammed89Integra Senior Member Join Date: Oct 2002 Location: Washington Age: 22 Posts: 7,741 iTrader: 0 / 0% Ride: 2007 Scion TC, 2005 Suzuki GSX-R 600 Rep Power: 155	<div class='quotetop'>QUOTE(reckedracing @ Jun 5 2006, 11:02 AM) Quoted post</div><div class='quotemain'> My old man was a commercial roofer for a long time he used to bring home lead, copper and bronze cashed in prob 10+ years ago though my friends father works for a guy who was OCD about copper he would save any unused pieces of pipe, wire etc he would pick up even the tiniest pieces well a couple weeks ago he cashed in for 3K+ on the copper he saved lol there are a lot of abandoned bungalow colonies around my area kinda makes me think about gutting the copper wire and all the copper plumbing from them [img]style_emoticons/<#EMO_DIR#>/ph34r.gif[/img] [/b][/quote] Yeah I was talking more like 30k in the couple weeks of selling copper. My company filed chapter 11, so I keep my job by selling copper for the owner. I can pull about 500 lbs a day on average, it just matters if the guy has enough cash to settle me when I go in. (Check=Paper Trail). __________________ When this is all over I think we should get an apartment together.

06-05-2006, 03:59 PM	#10
reckedracing TTIWWOP Join Date: Dec 2002 Location: 845 Area, NY Age: 29 Posts: 15,381 iTrader: 0 / 0% Ride: 90 z6-t hatch, 94 Bagged S10, 91 Lifted Mazda Rep Power: 411	so you're removing all the old inventory from the chap 11 business? __________________ I'll blow a hole in your face then go inside and sleep like a baby.

06-05-2006, 04:06 PM	#11
Slammed89Integra Senior Member Join Date: Oct 2002 Location: Washington Age: 22 Posts: 7,741 iTrader: 0 / 0% Ride: 2007 Scion TC, 2005 Suzuki GSX-R 600 Rep Power: 155	Accountants..... It isn't considered inventory. In a bid, the product/material is considered completely used when a job is finished. Any left overs is literally free material for who ever takes it. Part of my job is to literally take all left over material from job sites and keep them if they can be organized in the shop. Well someone 30 year ago thought it'd be a good idea to do that with wire, and yeah we have tons of wire still. Walls of spools it all over the place, and they can't be used as they're non-current high voltage and such so they don't even have a salvage value anymore. So I get to cut and strip the wire and sell raw copper at an enormous price so the owner can put gas in his air planes. __________________ When this is all over I think we should get an apartment together.

06-05-2006, 11:10 PM	#12
totalburnout Senior Member Join Date: Oct 2002 Location: Northern NJ Age: 24 Posts: 6,203 iTrader: 0 / 0% Ride: 2006 Audi A4 Rep Power: 116	<div class='quotetop'>QUOTE(pissedoffsol @ Jun 5 2006, 02:18 PM) Quoted post</div><div class='quotemain'> Well, technically I have the money.... but it will put me near my limits... something I don't like to do. the point of this would be to save it for a couple years at the very least, and wait till silver goes crazy. back in 1980, silver was over $50 an ounce. [/b][/quote] Even so, its sold under market value now. You can be an intermediate and then turn around and sell the silver at a profit. If I knew of an outlet from which I could sell the silver, I would buy it right now. __________________ "Good talk... I'll see you out there."

06-06-2006, 09:57 PM	#13
MugenCRX Senior Member Join Date: Mar 2003 Location: Thornton CO Age: 23 Posts: 1,468 iTrader: 0 / 0% Ride: 1989 Honda CRX HF Rep Power: 28	The high bidders name is harry_beaver_123!! LOL!! __________________ They say that you only live life once, but if you live like me....once is enough! -Frank Sinatra

06-06-2006, 10:28 PM	#14
Silverchild79 Senior Member Join Date: Nov 2002 Location: Albany, Oregon Age: 30 Posts: 6,763 iTrader: 0 / 0% Rep Power: 192	[img]style_emoticons/<#EMO_DIR#>/cool.gif[/img] __________________ Did I just say something interesting or funny? Check out my blog for more... http://campassmore.wordpress.com/

06-06-2006, 10:38 PM	#15
civicious FüK-VTEC Join Date: Jun 2003 Location: Houston, Texas Age: 23 Posts: 8,410 iTrader: 3 / 100% Ride: 07 Nissan Frontier, 90 CRX Si, 06 ZX6R racebike, chopped-out 02 Yamaha V-Star Rep Power: 189	That's not an ice tray, it's my grill....and that's not a sno-cone, that's my rang... fa sho! __________________ CMRA #265 http://www.myspace.com/civicious AIM: greyfades

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if only i had the money....