What is with 1 gm coins

Discussion in 'Silver Coins' started by Kasanga, Dec 4, 2010.

  1. Kasanga

    Kasanga New Member

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    Doing some surfing and came across these 1 gm silver coins 1.5 mm diameter they would have to b the most ridiculous thing ever I figure they have to b rubbish

    Any one know what the reality of these is? are they a catch for the unwary they seem pretty dodgy to me who would ever want a one gm coin even if they were real?
     
  2. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    They are not really coins.. just over priced rounds.
     
  3. ChunkyPM

    ChunkyPM New Member

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    Could look very handy to kids learning the ropes about money.
    In fractions of 31 the maths could do well for them
     
  4. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    When you see those 1 gms of silver go for ridiculous amounts of money. "You know it time to sell ya stack'.
     
  5. goldpelican

    goldpelican Administrator Staff Member

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    +1

    They're novelties, not bullion.
     
  6. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    If its stamped from a regular mint than you could treat it as a 1/32 oz of silver, but the thing is pay for for it same price as for 1/4 oz silver.

    so in a nutshell, the 1 grammers are good only if you have minting capabilities and are able to sell em.

    I have seen an aussie guy on eBay sell - 1 troy grain ( around 0.065 grams ) gold 'pellets' )
    he did describe them as very small pieces but was selling them @ buy it now auctions at like $6 a pop and he sold many.

    The smaller the weight the larger the premium, and with gold in coin or bar form, i think ud need to buy at least 3 oz plus to get it at SPOT

    ie.

    3 oz @ spot - 1 oz + 7.50 % margin - 1/4 oz +12.50 % margin - 1/25 oz + 20% - 1 troy grain + 200% margin


    even 1 g Palladium bars that are being sold ( @ 0.999 purity ) you cant get for less than maybe aroudn $30- $35 - and spot Pd for 1 g would be less than $25
     

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