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- - British silver coinage (http://goldismoney.info/forums/showthread.php?t=338420)

Led_ZePPelin | 01-11-2009 10:41 AM
British silver coinage Right, I normaly get silver for about �11-12/oz, (there's only one place I can get it, and it's cheaper than the net price) but if my calculations are correct, I can get it for about �4/oz by buying pre '47 shillings (50% silver) at �0.40 each. What's the catch? Is British junk crap? :36_1_30: Or is this the deal of my life? :565:

TomD | 01-11-2009 11:57 AM
Re: British silver coinage Just over $6.00/oz for silver? So you are paying about $.60 each for the shillings? That would mean that the shillings contain .1 oz of silver and weigh .2 troy oz. Is that correct? If all that is correct, I'd say it is a very good deal. The closest we have here is a pre-65 dime which contains .07 oz of silver and will cost somewhere around a dollar (.67 pounds- No pound key on my keyboard).

Led_ZePPelin | 01-11-2009 12:14 PM
Re: British silver coinage Thanks Tom. :bear_thumb:

Jellylegs | 01-11-2009 12:26 PM
Re: British silver coinage Interesting if this is correct http://en.wikipedia.org/wiki/English_shilling then you would need 11 if the weight is correct & they would be .925 silver not 99.99%. Unsure which dealers would take them as some dealers only deal in modern bullion though I have found some who do only specialise in older coins. Funny thing is a found dealer somewhere that is now selling a brass 1946 Threepence for �110. :bear_w00t: Why they are worth so much I have no idea.

TomD | 01-11-2009 01:12 PM
Re: British silver coinage Following the link I see the 1920-1947 shillings were 5.7 grams of 50%, which works out to 10.9 shillings per troy oz or .092 oz each. If you can buy that for .4 pounds, you are buying for 58% of spot. A good deal.

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