Well, the silver/copper collecting bug has truly bitten me (I would also do gold and the rest if I had the cash!). However, as with every new interest there is a wealth of things that need to be learnt... either the hard way or the easy way! I have been putting some relatively low bids on auction sites like ebay, Marktplaats (Dutch ebay) and BVA (insolvency auctions), and I pretty disciplined about it. I'm just growing the collection, and so I don't put in bids that are more than the actual price of the silver (or whatever metal) itself.
Some things that I've learnt are to keep an eye on the reputations and volumes of the sellers. It is pretty hard to trust someone that has had a number of complaints and/or is selling things for the first time. Sure, they might be genuine... or they might be scamming...
100 mills
Anyway, a couple of weeks ago, I learnt what 100 mills means in silver circles! I had seen this auction on Ebay, and it was described as a 100 mills, one ounce 999 silver bar (which I later found out is technically the truth!). I didn't think too much about it as I put in an initial 5 euro bid on it (I tend to do this, just to essentially bookmark the auction, it isn't going to ever win!). However, as the days went on, it was still the highest bid at around 2.5 euro. That's weird I thought.... normally, I get trumped pretty quick on these things!
Anyway, that was when I did some research as to what 100 mills actually meant... and apparently it is a euphemistic "codeword" for silver plated. Great... At least I didn't put in a realistic bid... but it looked like I was going to win this auction unless some other noob sucker decided to outbid me!
Alas... no one else was stupid enough to... and so I'm now the proud owner of a piece of fake silver! Anyway, that was a good lesson to learn... and it came in pretty cheap at 2.5 euro plus 1.5 shipping or something like that. It won't kill me, but the damage to my trigger happy bidding finger is permanent! At least, I will be much more careful about reading the description and looking things up before I put in a bid! (As an aside, I did see an interesting Silver Liberty coin on Marktplaats... which I did some little research on, and it turned out to be a fake (at least from the photos...)).
As you can see, it is pretty magnetic! Probably, the case that it came in is worth more than the thing itself.... but it now has pride of place next to my computer! As a reminder to just slow down a little bit... and at least it LOOKS pretty, even if it is fake....
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