Gold & Silver Forum - Did I drop the ball?

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Did I drop the ball?

I found a guy at work that was interested in selling me a lot of Silver coins as follows.

Quote:

Originally Posted by Seller

LOT

1976 Montreal Olympic Proof Coins

3 ($5.00 coins - Torch, North America, Conoeing )
for $40.00

$10.00 coveted Olympic Soccer Coin
for $30.00

Special in Velvet collectors case 1988 $20.00 Calgary Games Biatholon
for $40.00

total monetary value of is $45.00

selling all for $99.00

I said I would take them, then I talked to a coin guy that told me they are not worth it based on the silver content, so I said I wouldn't take them, and the seller wrote me back stating that "the $5.00 coins are 1oz coins of 999.99 so that's approx $19.70 per coin. "
Should I be contacting this guy an trying to aquire these coins?
I'm very new to the PM game, and so far have only purchased JM 10oz bars, so input would be appreciated.

Re: Did I drop the ball?

$5 - 24.3g sterling, 22.48g silver content
$10 - 48.6g sterling, 44.955g silver content
$20 - 34.07g sterling, 31.51g silver content

(3*22.48)+44.955+31.51= 143.905g silver.

4.63 t.oz @ 15.34= $71.02. Buyers premium=39%

If these coins aren't attractive to you in any numismatic
way, I'd pass. There are better silver deals out there.

Re: Did I drop the ball?

I know the 1988 Olympic coin is 1 ounce of silver content.
Beautiful coin.
I have the whole set of 10 coins - one of my favorite sets I own.
It's goes for around $25 to $30 each coin on E-Bay.

I am not familiar with the other Canadian coins

Re: Did I drop the ball?

Rule of thumb for me when I buy them

$5 Montreal - $7.50
$10 Montreal - $15
$20 Calgary, worth less than face.