TSP Talk Silver Coins / "Rounds"

[Sensei]

Re: TSP Talk Mug Shots!

The thing to do would be to find some old duffer that was saving pre-1965 quarters and 50 cent pieces - they are all silver. As well as old silver dollars. My younger brother stole my quarters to put in the coke machine when he was a teenager - just my luck.

My grandfather had the foresight to save many. I was a baseball card collector as a kid, so when he died I inherited his coins and stamps. I have a file cabinet full of his stuff that I haven't looked at in years. I believe there is a roll of mint-condition Kennedy half-dollars in there somewhere. I think I'll take a look tonight.

 

[Bronco07]

Re: TSP Talk Mug Shots!

Burro...........I'm in

Count me for 25

 

[burrocrat]

Re: TSP Talk Mug Shots!

That's the way I've been buying it, in 20 piece sleeves.

Burro said something about 25 per tube:


Burro, is that something you were told... they come in 25 per tube?

after looking at several silver sites, i settled on northwest territorial mint, Silver Bars, Silver Coins, Gold Coins and Bars, Palladium and Platinum Bullion Available to Buy.

if you buy from the retail website you pay spot + premium + shipping and insurance for existing minted rounds in any quantity. if you buy from the bullion deptartment shipping and insurance are free but you must buy a minimum quantity. minimum quantity varies by product (today's spot prices at $21.25 are):

american eagles: 60 coins (3 tubes of 20) at $25.52 at a premium of $4.27 per oz.
canadian maples: 75 coins (3 tubes of 25) at $ 24.99 at a premium of $3.73 per oz.
pan-am hammers (private mint): 50 coins (2 tubes of 25) at $22.69 at a premium of $1.44 per oz.
nwtm scales or divisable stagecoaches (private mint): 50 coins (2 tubes of 25) at $22.67 at a premium of $1.42.

spot prices change by the minute so premiums are off by a few pennies. obviously only american eagles come in tubes of 20. canadians and private mint coins come in tubes of 25. premiums over spot on eagles and maples are about $4.00 over spot per coin and private mint jobs are at about $1.50 per coin over spot. that is one one of the decisions of any potential purchase, is it worth $2.50 per ounce for a recognizable gov coin gaurantee or do you want max silver for your buck?

i'm not suggesting any of those pre-minted solitions. i am trying to get tsptalk private minted coins with the tsptalk logo and motto design on the obverse and either the logo or tsptalk.com on the reverse. private custom minted coins require: minimum 500 coins in tubes of 25 (20 tubes) at $1.50 over spot per coin plus $2,000 for creation of the original tsptalk dies to mint the custom coins. that's an extra $4.00 over spot per coin on an initial order of tsptalk custom mints. tom would own the dies and after that , subsequent runs of custom coins would only be at the private rate of $1.50 over spot vs. eagles or maples.

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.

there may be other solutions or other mints, and i can get eagles or maple leafs or privates from a number sources in a number of quantities at a number of designs. i am looking for tsptalk custom minted rounds and am looking for a solution until i hit the lotto and buy the whole batch myself. but that is just my read on the possibilities and i'm open to suggestions.

that is why i suggested buyin at multiples of 25 rounds. also the 500 round batch entails dividing it up and shipping (+ insurance and handling fees) to individual cooperators. that should probably be tsptalk because it's his design and website. plus i think everybody knows if a monster box of silver was shipped to me it would be all like 'hell ya, off to mexico, buy rosetta stone spanish for my smart phone, toes in the watter ass in the sand, gotta catch me if you want me to hang'. i'm telling you, silver and gold have a special pull that is hard to resist. so tom is definately the man to hold and distribite any potential shipment. bit my money is good and i'm in for 25 rounds.

 

[burrocrat]

ok, updating the potential interest list for a purchase 500 oz of custom minted tsptalk silver 1 oz rounds at $1.50 over spot with approx $2,000 original die fee charge:

tsptalk: 50
burro: 25
james: 25, maybe more
sensei: 4, maybe more if he hawks his grandpa's legacy
rlundy: 25
danny: 20, and he's right there are chartist's on this sight that can help time the purchase for max return
bronco07: 25
swavet: 20, maybe more if he can hawk his stamp collection
birchtree: 0, because he's mad at his brother for stealing his lunch money, but maybe

so that's 194/500. we're making good progress here. did i get that right? update pledge quantities or remove yourself from the list if i misheard you. remember, i won't ever touch any of it except my money i send to tom for the collective and whatever i get back in silver after paying my share and tom divvies it up minus expenses.

also, if you have silver currently in any form i suggest you consider holding it. the nwt mint will buy it back at current spot and melt it down and stamp you new rounds + premium, but that is a loser because you send in silver and get back less silver in a different form. i won't do that because i like my current silver pieces too much, each one has a history.

almost 40% of the way there, i think we can i think we can.

 

[Sensei]

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

 

[tsptalk]

Re: TSP Talk Mug Shots!

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.)

 

[burrocrat]

Re: TSP Talk Mug Shots!

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.

 

[RealMoneyIssues]

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)

 

[tsptalk]

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.

 

[RealMoneyIssues]

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.

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

 

[bmneveu]

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.

 

[tsptalk]

Re: TSP Talk Mug Shots!

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.

 

[burrocrat]

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?

 

[burrocrat]

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)

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.

 

[burrocrat]

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).

 

[burrocrat]

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.

 

[burrocrat]

so it is mob rule, 500 ounces and one vote per ounce. rectangle or round? divisible in quarters or no? heads and tails or generic stamp on the reverse?

and then we get into the specific art work and text.

taking all suggestions, vote early and vote often. come one, come all.

 

[burrocrat]

Re: TSP Talk Mug Shots!

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 like the divisible into quarters round, but probably for different reasons than most.

when it comes time to get out of dodge and pay the troll under the bridge for eggs and milk, then i'm only going to charge 1/2 ounce. because as soon as you dig one out and start ciphering which half to break off, then i know you got silver and i'm just gonna shoot you in the head and relieve you of all your coins.

so $500 bucks or a whole sleeve don't matter, you either got it or you don't, and if you do then you got to figure out how to either hang onto it or git some.

that's why i like silver. it's real. viscereal. but at least you know what you're dealing with.

i hope i didn't just unsell some folks.

 

[RealMoneyIssues]

Re: TSP Talk Mug Shots!

If we do the kind that split into quarter pieces AND I make some profit in my "play" trade account, then I am in for a sleeve (25 right?).

When do you think we will need to cough up the dough... my trades haven't been so good in Feb, maybe Mar will be better for TVIX and DGAZ...

 

[burrocrat]

Re: TSP Talk Mug Shots!

round count update: 225/500, plus some additional interest but noncommital just yet. now we're starting to get somewhere. chugga chugga choo choooo! all aboard the silver train!

sensei: 5 or 6, he's warming up to the idea, i'm counting it as 5 for ease of math
bmnevue: 5, maybe more if he can massage his wife's feet real good
rmi: 25, but only if scored on reverse for breaking into 1/4's
zzzgator: 0, but starting to sniff around the silver bush, let's give him a warm welcome

so with the previous pledges that makes 225.

tsptalk: 50
burro: 25
james: 25, maybe more
sensei: scratch, see new pledge above
rlundy: 25
danny: 20, and he's right there are chartist's on this sight that can help time the purchase for max return
bronco07: 25
swavet: 20, maybe more if he can hawk his stamp collection
birchtree: 0, because he's mad at his brother for stealing his lunch money, but maybe