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-   -   is this really a steal? (http://goldismoney.info/forums/showthread.php?t=131916)

grapejelly 04-29-2007 10:47 PM
is this really a steal?
 
I went to a coin show this weekend. Not much bullion there but I picked up several 100 schilling Austrian 1975 coins that have .49oz silver. I paid spot for them but here's the thing -- the Schilling is exchangeable into Euros at any Austrian bank, and is worth about US$10.40. They are available on eBay for a bit under 10 Euros. I paid about US$6.75. Not a huge profit but am I right that this is a steal? The guy who sells them sells only foreign gold and silver coins mostly for bullion. If I bought 1000 of them it could be real money :)

mjk1971 04-29-2007 10:58 PM
Re: is this really a steal?
 
Quote:
Originally Posted by grapejelly (Post 590558)
I went to a coin show this weekend. Not much bullion there but I picked up several 100 schilling Austrian 1975 coins that have .49oz silver. I paid spot for them but here's the thing -- the Schilling is exchangeable into Euros at any Austrian bank, and is worth about US$10.40. They are available on eBay for a bit under 10 Euros. I paid about US$6.75. Not a huge profit but am I right that this is a steal? The guy who sells them sells only foreign gold and silver coins mostly for bullion. If I bought 1000 of them it could be real money :)
Not sure about a "steal," but definitely a wise purchase. Metal value is $6.60 each.


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