Showing posts with label fine silver. Show all posts
Showing posts with label fine silver. Show all posts

Wednesday, September 9, 2020

Tuesday, September 4, 2018

Support TFL

Please help support The Field Lab.  1.26 pounds of hand made silver crosses ready for finishing and shipping.  85,90,67,0,B

Tuesday, August 7, 2018

Casting a silver ring...

First try at ring making.  Casting it is the (relatively) easy part.  Finishing and polishing it is quite another story.  Video of the casting coming Friday.  89,96,71,0,B

Saturday, August 4, 2018

Wednesday, August 1, 2018

the silver bug...

Got a great 2fer deal off ebay.  Ordered a skull mold and got a hobo nickel mold instead.  The seller told me to keep the wrong mold (even though I offered to return it) and he would send out the correct skull mold right away.  The skull mold will cast with one troy ounce of silver.  The hobo nickel will be 2 - 3 ounces.  It is an enlarged replica of a famous design.   As soon as I find out how well these castings work out using 999 fine silver, I will be offering them for sale in limited/numbered editions.  92,97,64,0,B    

Tuesday, September 8, 2015

face value

Just got my 20 troy ounce fine silver order today from Monarch.  Since I last posted about them, they sold out their inventory of 1,400 one ounce rounds through the long weekend (silver is very low right now).  They minted an additional 2500 today.  By ordering silver rounds from them, I effectively turned 34,396 pennies (including shipping and handling and $1.29 above spot) that were minted with nothing to back their value (at a cost to the government of 1.7 cents per penny) and have a melt value of .004 cents per penny, into bullion that at the current spot price of silver is worth $295.  If I melted down those same pennies that the government created out of thin air at over one and a half times their "monitary value" to produce, their melt value would be $138.  Of course if I make my new silver into something that I sell at a small profit, my digital paypal dollars have dubious value until I exchange them for something of tangable value.  The modern day alchemist's dilemma...  91,100,73,0,B