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Sorry for my stupidity but..(Face Value ??)

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Mertztown, Pa
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Primary Interest: All Types Of Treasure Hunting

Posted Feb 24, 2010, 01:28:54 pm

Is a silver proof worth at least it's face value? Obviously the price of silver determines it's true value but would say a $100 silver proof bar never equal less than $100?


"Our concern is not being the biggest or best, it is being the one you turn to and trust"  

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Reply To This Topic #1 Posted Feb 24, 2010, 01:34:54 pm

Do you mean an item like the one I've posted? If yes, then no it is not always worth $100. It is only worth the value of the silver contained which is 4 ounces in this case or roughly $60-$65 currently. These items are not made by the U.S. Government therefore they are not currency.

If you are talking about a different item, then please explain.
100 bar.jpg
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Mertztown, Pa
Detector used Detector(s) Used - Minelab Etrac, Safari,X-Terra 705, Tesoro Tejon, Whites DFX, Garrett AT Pro, GTI 2500, 250, Fisher Gold Bug DP


Primary Interest: All Types Of Treasure Hunting

Reply To This Topic #2 Posted Feb 24, 2010, 01:46:48 pm

That would be it. Thank you very much.

"Our concern is not being the biggest or best, it is being the one you turn to and trust"  

www.millermdz.net
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Reply To This Topic #3 Posted Mar 08, 2010, 05:11:46 am

been to a couple of jewelery/store pawn shops that sell proofs [ gold \silver eagles] at almost what they sell regular eagles at. Needless to say they dont often have them or keep them long. Was just at a one of them and they were selling a regular eagle at spot.

The point is unless your buying proofs because you like how they look , if things get worse they wont fetch such a premium.
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Reply To This Topic #4 Posted Mar 28, 2010, 12:43:50 pm

When i said regular eagle i meant 1 ounze gold eagle at spot
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Zebulon NC
Detector used Detector(s) Used - Minelab Safari Teknetics T2

Reply To This Topic #5 Posted May 12, 2010, 08:40:32 am

True but as disaster money goes, the Silver Eagle or Maple Leaf coins are the easiest to use and more difficult to counterfit than a bar.

So basically put, when the $Hi% hits the fan and you need to buy something. Just about anyone will accept a silver eagle, a morgan dollar, silver junk coin etc over a bar of who knows what's in it.

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Tags: Sorry for stupidity but..(Face value ??) 
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