Topic: 1oz silver round for litecoins! (Read 1604 times)
lol this round went for 4500 litecoins which at the time of sale equaled 33.50 usd or 7.5 btc shipped if you can find an ounce of silver anywhere for that price let me know. I took the hit bc i have faith that if i hang on to them the exchange will come up to where i won't lose money. With the volatility of crypto currencies what is a markup one day is a steal the next.
I don't understand at all, why are people willing to pay such premiums for silver. Now I'm going just by the prior post of 11-12 BTC @ a silver spot of $35 (splitting the price from Wed-Friday for an avg). If BTC are at $4.5, 11 BTC would be $49.50 for $35 in silver. Most any coin store will sell Morgans at spot plus putting Morgans at $27-$30 this week depending on silver price that day.
Is this just a BTC markup, people really seeing silver doubling, having that pure silver round vs. a Morgan or what is making people pay that much over spot?
Don't get me wrong more power to the seller. I am just wondering what the buyers thinking is. I seem Morgans on eBay going for prices that would put silver at near $70, a doubling from today's prices when you can go to any local store and get a Morgan for less than half that.
Is this just a BTC markup, people really seeing silver doubling, having that pure silver round vs. a Morgan or what is making people pay that much over spot?
Don't get me wrong more power to the seller. I am just wondering what the buyers thinking is. I seem Morgans on eBay going for prices that would put silver at near $70, a doubling from today's prices when you can go to any local store and get a Morgan for less than half that.
Damn.. missed this.. very interesting i must say
sold
Litecoins for Silver... very cool. 
some more info on coin http://www.silvercoinguide.com/SilverRounds/silver-rounds-engelhard-1-oz-prospectors.php
5000 litecoins gets you 1 oz of 999 Silver.
So only 11-12btc at current rates not bad money if you can get it.
5000 litecoins gets you 1 oz of 999 Silver. This is a 1985 engelhard "american prospector" round. its not in pristine shape, a little scratched and tarnished. but at the end of the day it is 1oz 999 fine silver and therefore a valid currency or investment anywhere in the world. shipping is included for the US and canada. If you are interested and from a country other than those two, pm me and i'll go to the post office and work out how much/if its legal to import and give you a quote. Ships on Tuesday feb 21 because of holiday on monday. 
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