does this guys numbers jive?
Posted: Thu Jan 06, 2011 6:37 pmi saw this thread on another forum and couldnt figure if its viable or not. i thought that the roll searchers here would know if he's FOS or not. he's claimin a 240% ROI.
One year ago I began to "treasure hunt" for junk silver. I borrowed $500 from our savings account and placed in into its own little savings account with a little extra padding.
Each week (sometimes twice per week) I go into my bank and pick up a case of half dollars and occassionally dimes or quarters an sift through it picking out the junk silver. I then redeposit the clad coins and repeat once the deposit re-posts to my account.
One year later, here are the results using coinflation's conversion numbers from 1/3/11:
90% halves-50 @ 11.08 each $554
40% halves-185 @ 4.50 each $838.05
90% qtrs-15 @ 5.54 each $ 83.10
90% dimes-13 @ 2.24 each $ 28.73
Total face value $122.55
Initial investment $500.00
Total invested $622.55
Return on investment $1503.88
One year ago I began to "treasure hunt" for junk silver. I borrowed $500 from our savings account and placed in into its own little savings account with a little extra padding.
Each week (sometimes twice per week) I go into my bank and pick up a case of half dollars and occassionally dimes or quarters an sift through it picking out the junk silver. I then redeposit the clad coins and repeat once the deposit re-posts to my account.
One year later, here are the results using coinflation's conversion numbers from 1/3/11:
90% halves-50 @ 11.08 each $554
40% halves-185 @ 4.50 each $838.05
90% qtrs-15 @ 5.54 each $ 83.10
90% dimes-13 @ 2.24 each $ 28.73
Total face value $122.55
Initial investment $500.00
Total invested $622.55
Return on investment $1503.88
