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Thread: TSP Talk Silver Coins / "Rounds"

  1. #25

    Join Date
    Jan 2011
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    Default Re: TSP Talk Silver Coins / "Rounds"

    You're driving a hard bargain. I might buy 5 or 6 at this rate...

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  3. #26

    Default Re: TSP Talk Mug Shots!

    Quote Originally Posted by burrocrat View Post
    the $2,000 for the initial creation of tsptalk strike dies is an estimate based on my verbal description of the design to the sales representative because i would not submit a drawing out of respect for tsptalk copyright and it eventually became clear i was lacking the $15,000 required to plunk down to get the job started. i can talk good sometimes but a bluff only goes so far before everybody knows you're broke. hey, i tried and got pretty far.
    Don't worry about the copyright, burro. You have my permission to use our logo. If they can't draw it to our liking, I do have another suggestion. I'm always interested in Marilyn memorabilia.




    (hope this doesn't offend anyone. It's Marilyn.)

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  5. #27

    Default Re: TSP Talk Mug Shots!

    Quote Originally Posted by tsptalk View Post
    Don't worry about the copyright, burro. You have my permission to use our logo. If they can't draw it to our liking, I do have another suggestion. I'm always interested in Marilyn memorabilia.




    (hope this doesn't offend anyone. It's Marilyn.)
    i always liked her better before the boob job and drug overdose thing. but hell ya, silver in any form is good. no offense? none taken.
    100g


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  7. #28

    Default Re: TSP Talk Mug Shots!

    Are these the kind of coins that can be easily broke into quarters for actual spending? (assuming the lights go out soon)
    Rules:
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  8.  
  9. #29

    Default Re: TSP Talk Mug Shots!

    I don't think they break, but that's the nice thing about silver pieces over gold. Who's going to make change for a $1300 coin when you need bread and eggs? I think they'll take the $21 dollar silver piece.

    Of course if we ever actually get to that point, the $1300 might be worth $5000 and the silver coins closer to $100.

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  11. #30

    Default Re: TSP Talk Mug Shots!

    Quote Originally Posted by tsptalk View Post
    I don't think they break, but that's the nice thing about silver pieces over gold. Who's going to make change for a $1300 coin when you need bread and eggs? I think they'll take the $21 dollar silver piece.

    Of course if we ever actually get to that point, the $1300 might be worth $5000 and the silver coins closer to $100.
    If we get to that point, gold might be work $1,000,000 or even $1,000,000,000 since the fiat will have collapse

    Heck, a $1,000,000,000,000 coin might be possible then
    Rules:
    - Trade what you see, not what you believe
    - Don't put stuff in your signature that a Mod doesn't like

    "Government exists to protect all people’s rights, not some people’s feelings." - A. Barton Hinkle

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    http://www.Mint.com
    http://www.SaveUp.com/r/nmJ

  12.  
  13. #31

    Join Date
    May 2011
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    Default Re: TSP Talk Mug Shots!

    I'd like the convenience (and additional "coolness") of a full roll but not sure if the wife will let me swing that much. It might require a few foot rubs... Put me down for 5 for now. I'll work on bumping that number up.

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  15. #32

    Default Re: TSP Talk Mug Shots!

    Quote Originally Posted by RealMoneyIssues View Post
    If we get to that point, gold might be work $1,000,000 or even $1,000,000,000 since the fiat will have collapse

    Heck, a $1,000,000,000,000 coin might be possible then
    I have a few old $2 billion Zimbabwe bills, so that's no joke.

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  17. #33

    Default Re: TSP Talk Mug Shots!

    well, we seem to be generating some interest among the non-silverbugs, that's good. i had someone ask me a question about "price over spot" so i'll wing it and try to explain, if somebody else has more or better info and understanding please share.

    spot is the instant cash price for 1 ounce of silver. the price over or under 'spot' is called 'spread'. like the spread between buy and sell offers for stocks. the spread is basically somebody else's compensation for facilitating the transaction.

    an ounce of blank refined silver is determined by real time cash bids on a global market. but somebody has to mint it into whatever form you are purchasing, store it, ship it, advertize it, insure it, pay the electric bill, and buy their kid's shoes.

    so if the spot price in new york is $20 at any given moment then the silver broker will offer you maybe $19 to buy it from you. then he has to figure out how to get it to you in des moines and pay his accountant and his landlord and buy flowers for his receptionist every so often so she don't tell his wife they're screwing. so he will sell it to you for $21, making $2 on the transaction and send his receptionist out to buy the kids their shoes. and pick up some flowers while youre out honey. like that. that is called the spread.

    the spread gets smaller the larger the quantity you buy. if you buy one 1,000 oz brick of industrial metal you will pay a lot less over spot than if you buy a thousand 1 oz shiny coins. somebody has to mint them and ship them and they have receptionists too. also the spread is larger per ounce for official government minted coins because if people see an american eagle they trust that it's really 1 troy ounce of .999.fine silver more than if it's some cute ingot stamped with the likeness of somebody's cat or says 'happy 16th birthday 1993 love gramps'.

    so to maybe actually answer the question if i we say 500 tsptalk silver rounds at $1.50 over spot then that's the premium per 1 oz coin over the global market price for raw silver at the time you execute the transaction. it's more convenient than digging it out of the ground and melting it and pouring it into molds that way.

    if spot price is $20 and price over spot is $1.50 then you pay $21.50 per coin. does that make sense?
    100g

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  19. #34

    Default Re: TSP Talk Mug Shots!

    Quote Originally Posted by RealMoneyIssues View Post
    Are these the kind of coins that can be easily broke into quarters for actual spending? (assuming the lights go out soon)
    we can make these rounds anything we want, it's a custom mint job. the dies cost money, there are two of them, obverse is heads in silver nerd-speak and reverse is tails. some of the examples i will post next can be made with a stock reverse and only custom obverse die. but if we're going, then we may as well go big. my idea was to submit possible designs for majority poll/approval before sending 15 grand off into the ether. the design is the easy part, i don't have 15 grand.
    100g

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  21. #35

    Default Re: TSP Talk Mug Shots!

    so silver rounds typically have two distinct images on the obverse (heads) and the reverse (tails). and gov sanctioned coins carry a huge premium over spot ($4 vs. $1.50).

    6262__big.jpg

    6292__big.jpg

    1364__big.jpg

    2987__big.jpg
    100g

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  23. #36

    Default Re: TSP Talk Silver Coins / "Rounds"

    rectangular ingots are never gov minted and come in any imaginable style, sometimes with personal ingravings on the backside, but you usually only find those kind at a pawn shop when little suzy gone bad after her anniversary and hawked daddies wedding present for cash to buy coke.

    the private mint ingots often have a repeating generic design on the rectangular back, but you almost never see that on rounds except for the divisible scored into quarters kind.

    1365__big.jpg

    2920__big.jpg
    100g


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