The Best of Ebay

[joem]

Here is another eBay genius $225.00 for an ounce of silver?: http://www.ebay.com/itm/1-OZ-999-NEVER-RELEASED-SILVER-ART-BAR-IN-GOD-WE-TRUST-/160678705289?pt=LH_DefaultDomain_0&hash=item2569327889

Here's one even better:http://www.ebay.com/itm/2oz-Engelhard-bar-old-pour-silver-loaf-/220886846995?_trksid=p4340.m1374&_trkparms=algo%3DPI.WATCH%26its%3DC%252BS%26itu%3DUCC%26otn%3D7%26ps%3D63%26clkid%3D4126980139024247974

And reserve is not met yet??
I think an old antique piece of silver had to be poured at the beginning of time to warrant such a price.

 

[Gold]

http://www.ebay.com/itm/220886846995?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649 < the auction ended and still the reserve wasnt met. this proves what ive been told recently, an item is worth as much as someone is willing to pay for it. as much as i love silver i would NEVER pay that price per ounce!!

 

[macfixer01]

Currently at $315.59 for only 2 pounds of edge connector fingers plus another $12.50 to ship them. What are these bidders thinking???

http://www.ebay.com/itm/280768626741

macfixer01

 

[goldenchild]

What am I missing here?

http://www.ebay.com/itm/7-Ounces-Go...223?pt=LH_DefaultDomain_0&hash=item415f3951af

 

[philddreamer]

Hummmmm... :roll:
Either their math is $400.00 off/Toz. or...

 

[jimdoc]

Something doesn't seem right about this;

http://www.ebay.com/itm/320789410542

We all know they make fake everything.

Jim

 

[Claudie]

What am I missing here?

http://www.ebay.com/itm/7-Ounces-Go...223?pt=LH_DefaultDomain_0&hash=item415f3951af

If they are from Alaska, why would they be stamped New Zealand?

 

[shaftsinkerawc]

Sellers location is Australia. Must travel to Alaska for the short mining season.

 

[niteliteone]

After reading his Q & A it seems the gold hasn't even been mined yet. :shock:

Quote from post:
A. New equipment will be purchased before year end. :shock: Setup completes in February, :shock: production through to August and then bars are sent to the smelter with final delivery in November. :shock: – See other photo’s for on the one ounce listing.

You need to read it all for yourself. Go to his other listings for more information too. :shock:

Tom C.

 

[Claudie]

After reading his Q & A it seems the gold hasn't even been mined yet. :shock:

Quote from post:
A. New equipment will be purchased before year end. :shock: Setup completes in February, :shock: production through to August and then bars are sent to the smelter with final delivery in November. :shock: – See other photo’s for on the one ounce listing.

You need to read it all for yourself. Go to his other listings for more information too. :shock:

Tom C.

....and now we know, the rest of the story. :|

 

[kuma]

Hi all , how are things ?
I hope all is well! :mrgreen:

After reading his Q & A it seems the gold hasn't even been mined yet. :shock:

Quote from post:
A. New equipment will be purchased before year end. :shock: Setup completes in February, :shock: production through to August and then bars are sent to the smelter with final delivery in November. :shock: – See other photo’s for on the one ounce listing.

You need to read it all for yourself. Go to his other listings for more information too. :shock:

Tom C.

And this from the post ,
"Q. If there is a delay in production, how can my risk be reduced?
A. Depending on quantity you only need to make a part payment and the balance on delivery."

I think your right! :shock: Heres my theory ;
They want to sell these bars now , and get at least some cash in for them. They're selling them well below spot , which would shift more faster , bringing in more cash sooner. They then use this money to buy said equipment (before year end). They start mining their claim in february (or later if it goes tit's up) , then mine through to august with every intention of finding your pre-paid-for gold.
The image is for illustration purposes only.
How did I do?
Chickens? Eggs? :lol:
All the best and kind regards ,
Chris

(Edited spelling :mrgreen: )

 

[butcher]

Maybe you will just get chicken shells next winter.

 

[kuma]

Hi all , how are tricks ?
I hope all is well!

Maybe you will just get chicken shells next winter.

For sure! :lol:

All the best and kind regards ,
Chris

 

[macfixer01]

Here's an unusual one. Apparently he's claiming these old hard drive platters contain gold? It makes no sense to me why they would though since it has no ferromagnetic properties I know of. I'm guessing he never tested with Stannous, and it seems to me an acid test alone isn't really valid unless you already know it's a gold-containing alloy. I'm thinking the coating on the platters could act similar to 10K in terms of what concentration of AR will dissolve it, yet contain no gold at all correct?

http://www.ebay.com/itm/300626125810

macfixer01

 

[goldenchild]

Think there might be 31 grams of karated 10k here?

http://www.ebay.com/itm/510-grams-1...722?pt=LH_DefaultDomain_0&hash=item3f107457aa

 

[goldsilverpro]

Think there might be 31 grams of karated 10k here?

http://www.ebay.com/itm/510-grams-1...722?pt=LH_DefaultDomain_0&hash=item3f107457aa

Isn't there a lot of stainless on those? To those on the forum that process them, what do they run per pound or kilo?.

 

[philddreamer]

When I buy GF, I always use the formula:
1/20th x .375k x grams = grams of 24k.
In this case, .05 x .375k x 510g = 9.56g 24k

So, 9.56 24k x 54.63/24k spot = $522.33, if my math is right.

I bought some GF today & that's how I calculated.

Someone correct me if I'm wrong, please.

Thanks,

Phil

 

[glondor]

Seems right to me Phil. I would minus 12% for wear and look at 8.4 ish grams to recover. A little less for all 10k, (10%) and a little more for all 14k (14%). Higher K is of course softer and wears faster. I think it is more than fair to try to evaluate the wear on an item, after all the wear is not on the base metals.

I looked at your formula again and see you discount it by dropping the karat value to 9k. Another nice way to deduct as I think if any jewelry manufacturer were to cheat a bit I imagine it would be on gold filled or rolled gold products. I don't think it would account fully for wear but it is heading towards a more truthful value for sure.

Edit for additional comment

 

[Oz]

When I buy GF, I always use the formula:
1/20th x .375k x grams = grams of 24k.
In this case, .05 x .375k x 510g = 9.56g 24k

So, 9.56 24k x 54.63/24k spot = $522.33, if my math is right.

Watch bands are a special case as it is only the caps that are gold fill. The rest is typically stainless as GSP pointed out. Gold fill watchbands are one of the lowest yield per pound/kilo gold fill items you can find.

 

[qst42know]

Gold fill watchbands are one of the lowest yield per pound/kilo gold fill items you can find.

That's true and watch bands and rings are subjected to the most wear, worn close to the skin and rubbed on everything, but I just recently found two pair of eyeglasses that might beat that.

One marked "1/100 10kGF" and the other marked "1/200 10kGF". These are the lowest fractions I have found still marked gold filled.