Question on Troy Ounces [solved]

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DemonATX
Joined: 15 Apr 2020
Posts: 6
Posted: 19 Jun 2020, 20:52 #
Posted: #
I recently bought a lot of silver coins, i.e. 20 Troy Ounces of Silver coins with .720 purity. I was wondering if you would say a troy ounce applies to the total weight of the coins or the total weight of the silver in the coins.

When I added up just the silver weight I was at 15 troy ounces of silver. So I feel like I've been duped, but as a relatively new silver coin collector I don't know the rules. What do you think?
FlyingRedPanda
Joined: 17 May 2020
Posts: 520
Posted: 19 Jun 2020, 22:07 #
Edited: 19 Jun 2020, 22:09
Posted: #
Edited:
If you're buying it for the silver content, you've been duped.
If you're buying it for the coins themselves, you have not.

You havn't been scammed unless the listing was to clarify something like "coins contain 20 troy ounce of .999 silver"

It's all a matter of what you think is a good deal. If it's not a good deal, then you don't have to buy it.
-Ash
Jupiter
Joined: 21 May 2020
Posts: 119
Posted: 19 Jun 2020, 22:14 #
Edited: 20 Jun 2020, 04:08
Posted: #
Edited:
The troy ounce applies to the total weight of the precious metal content, not the coins.
DemonATX
Joined: 15 Apr 2020
Posts: 6
Posted: 20 Jun 2020, 02:29 #
Posted: #
Appreciate the info!
Status changed to Solved (DemonATX, 20 Jun 2020, 19:23)
DemonATX
Joined: 15 Apr 2020
Posts: 6
Posted: 20 Jun 2020, 19:25 #
Posted: #
Ended up getting a refund on 25% of my purchase. 14.4 ozt of spot price silver!
Kurt53
Joined: 19 Jul 2015
Posts: 336
Posted: 20 Jun 2020, 22:53 #
Edited: 20 Jun 2020, 22:54
Posted: #
Edited:
"20 Troy Ounces of Silver coins" not "20 Troy Ounces of Silver."
I'm confused.
A smart man learns from his mistakes.  A smarter man learns from someone else's.
DemonATX
Joined: 15 Apr 2020
Posts: 6
Posted: 21 Jun 2020, 01:32 #
Posted: #
Quote: "Kurt53"​"20 Troy Ounces of Silver coins" not "20 Troy Ounces of Silver."
​I'm confused.
​It was this listing, all good now though.

Listing
Kurt53
Joined: 19 Jul 2015
Posts: 336
Posted: 22 Jun 2020, 00:02 #
Posted: #
The lister offered the weight of coins, not the silver content. I'm confused as to why you felt cheated.
A smart man learns from his mistakes.  A smarter man learns from someone else's.
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