1000 grain sterling silver bar

[bwilly36]

Any input on whether $17.50 would be a good purchase price on the attached "Peoples State Bank" silver ingot?

 

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[Emperor Findus Cladius]

No, that would be a great purchase. There are 480 grains of silver in an ounce, which means there are over two ounces of silver in that ingot. Currently silver is $13.42 an ounce, which means there is over $26.82 worth of silver in there.

 

[bwilly36]

But keep in mind, this is sterling silver, so wouldn't the value be lower?

 

[cyberdan]

But keep in mind, this is sterling silver, so wouldn't the value be lower?

Are you sure this is sterling (92.5%) every art or ingot bar I have seen is fine silver (.999%)
does it say sterling on the bar?

 

[Emperor Findus Cladius]

Even if it was sterling it would still have $25 worth of silver. Still a great deal!!!!!!!

 

[Jack_MIghtyheart]

Good deal. I have one sterling bar, 500 grains. Got it for a little less than spot. I say go for it.

 

[mistergee]

my bars say either fine silver or sterling silver and there is a differnce in price as sterling has other metals in it to make it stronger(harder) thus less silver