Investing in casino silver strikes?

Discussion in 'Bullion Investing' started by baddonky, Aug 10, 2011.

  1. baddonky

    baddonky Junior Member

    I was wondering what you all think. I already have eight and I have the chance to buy over a hundred at face which is $10.
    They each have 0.6 oz solid .999 in the center. My wife works in a casino cage and they are about to destroy them so I will never be able to cash them in for face. Will I be able to sell for melt in the future, or are they not considerd reliable mint source?
     
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  3. vdbpenny1995

    vdbpenny1995 Well-Known Member

    Half an ounce of silver for $10? SIGN ME UP
     
  4. ddddd

    ddddd Member

    APMEX is selling a 100 token lot of silver $10 casino tokens for over $2450 as of this writing. They say their tokens have 0.6423 oz of silver. At $10 a piece you would be getting the chips for well under melt (I am not advocating for you to buy; I am just giving you some info). I hope this helps.
     
  5. KoinJester

    KoinJester Well-Known Member

  6. zach24

    zach24 DNSO 7070 71 pct complete

    This
     
  7. baddonky

    baddonky Junior Member

    Wow I didn't know they were that popular! I checked on ebay and they didn't seem to be selling like the silver coins do, but I did not
    check the completed listings. I hope I can get the money to buy them out. They don't even know how many they have back there other then its over one hundred!
     
  8. Hobo

    Hobo Squirrel Hater

    Silver spot is $37.71 (at this instant in time).

    If each silver strike has 0.6 oz of .999 silver let's calculate the value of the silver in each one:

    0.6 oz. X 0.999 X $37.71/oz = $22.60.

    I would say you are getting a bargain. You should easily double your money. I would buy all they have.
     
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