92.5 silver

Discussion in 'Questions & Comments' started by Butch, Jul 8, 2011.

  1. Butch

    Butch Active Member Silver Stacker

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    Can someone enlighten me regarding the value of a ten troy ounce ingot of 92.5 silver. I think it is what they refer to as stirling silver.
     
    Butch, Jul 8, 2011
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  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    X .925 =
    ok say its $400
    $400 x .925 = $370
     
    spannermonkey, Jul 8, 2011
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  3. Butch

    Butch Active Member Silver Stacker

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    Was that you Spanner? Thanks anyway.
     
    Butch, Jul 8, 2011
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  4. RhythmDoctor

    RhythmDoctor Active Member

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    Hey Butch:

    My advice for valuing Sterling:

    Take current spot value - AUD at timestamp is around $34:

    multiply by .01 to get roughly 1% of worth - therefore $.34

    multiply that figure by 92.5 (purity percentage) = $31.45

    Give it a pikey rounding: call it $30 per ounce. 300 for 10oz based on weight, though I'd only really pay something like $280 for it.

    If your keen to shift it, I'd have it for $280. Would be nice for casting (good way to sell it to jewellery hobbyists with access to lost wax casting facilities etc... :))
     
    RhythmDoctor, Jul 8, 2011
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  5. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Yes ,spanner left yesterday & the Steampunk is here now :D :D
     
    spannermonkey, Jul 8, 2011
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  6. Butch

    Butch Active Member Silver Stacker

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    I have'nt got it yet R D but it is coming so I will keep you in mind.
     
    Butch, Jul 8, 2011
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  7. RhythmDoctor

    RhythmDoctor Active Member

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    no worries, I had a look at a 5oz Blockhead's got somewhere... I'm happy to call him out in front of his missus and tell him mines twice the size of his :p
     
    RhythmDoctor, Jul 8, 2011
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  8. RhythmDoctor

    RhythmDoctor Active Member

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    Nope - It's Cartoon Head from the show Ideal... :)
     
    RhythmDoctor, Jul 8, 2011
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