Money laundering. That’s what this is.
this post was submitted on 23 Sep 2024
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How?
Foreign investor buy dozens of these coins. People that probably shouldn’t be “donating” to American politicians cuz they want something in return.
Ah, I don’t think this is money laundering. Most politicians do this but with books. I guess a book was too much work for old don.
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I saw these being talked about on r/silverbugs, Reddit's silver-collecting community. There is definitely a higher-than-usual concentration of Trump supporters there and even they were lambasting it for being a dumb thing to buy.
The thing is, these can't even legally be called "coins". A coin is only called that if it's made with sanction from the state. Privately-made coin-like objects are "rounds". Silver rounds are pretty common and are basically all worth melt value. I have no doubt these "commemorative ~~coins~~ rounds" will meet their end five or ten years from now in someone's backyard kiln who will unceremoniously melt them down and cast them into some nice jewellery or a silver figurine.
Edit: I actually have some Trump design silver rounds. Not official Trump products, of course (or maybe they are, IDK). They are very common and worth nothing more than melt value. I paid melt value of these two. I traded one of them to my former roommate who's a Trump supporter for a cod.
Definitely going to keep the "never surrender" round that has his mugshot that they took after he surrendered though.
A...cod?
Either a nice fish dinner or one of the call of duty games. Hard to say
I'm talking about the fish. Four packs of vacuum-packed fresh-caught cod fillets for one ounce of silver.
Just as our ancestors intended
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melt value is like $35? if it's actually as pure as they say and i do not fucking trust them with anything
Half lead certainly sounds like what they’d call 99.99% silver
It's easy to test. There's a machine called a Sigma Pro that can test the purity of silver. It costs around a thousand dollars and every pawnbroker and coin dealer has one. If it isn't pure, they'll get busted immediately.
Lol Sigma Pro
Lmao appraised’em’
Can you not use Archimedes’ principle to determine silver purity? A decent kitchen scale and something to measure volume?
You can determine density using a scale, string, and some water, but this wouldn't be reliable enough to determine silver purity beyond 1-1½ significant figures. 950‰-970‰ pure silver would probably be within the margin of error you'd expect for 999‰ pure silver. That silver is basically "contaminated" from a dealer's perspective because it's unsellable due to being a strange purity and would have to be refined into 999 silver at a significant cost.
Dealers don't do this. A Sigma Pro machine is easier, more reliable, and faster.
For that reason, if you only had 1 ozt of it (or even 10 ozt), a dealer would maybe generously offer you half or two-thirds of melt value.
One fish please!
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This is quite reasonable; his base are fucking idiots, and fall for this shit all the time.
And the republicans will just say he's being enterprising.
To be completely fair, this is the sort of thing he's done for forever now. A significant portion of his wealth comes from simply licensing the Trump name
Conman trying to con, news at 11.
The Con-Man loves to get his base to buy junk.
“1oz .999% silver medallions”
So the coins weigh 1 oz, and are, for all intents and purposes, 1% silver?
According to a quick google, silver is worth $31.07 an ounce today.
So these coins have 3.1 cents worth of silver in them.
And he's selling them for $100 each.
Or is the decimal used differently here because the Guardian is British and in this context it means 99.9%?
In that case it's $31 worth of silver sold for $100, but that seems a downright generous investment when it comes to Trump merchandise, so I'm still guessing it's 3 cents worth of silver.
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If I could get one for the actual price of silver (~31 USD/oz) I think I might just get one - for the "remember this dipshit?"
Check a local coin dealer/show.
Silver ounce rounds come in infinitely many designs, and there are a lot of right-wingers in those interest groups.
I'm pretty sure I've seen them done up with his ugly maw on. I think sometines as copper too.
[un]fortunately i don't live in the states.
If they are anything like the knife enthusiasts groups then they may have started trickling out of the states by now.
Trump is broke. He has no money.
Why does he think I would buy a $90 coin? I mean, who in their right mind needs a $70 coin? I'm definitely not buying an $8 coin.
Trump designs are a dime-a-dozen in silver rounds. I've come across at least two just from buying random amounts of them in bulk from billion dealers.
They are sold to suckers for way too much money and then are sold back to bullion dealers for a dollar fifty under their melt value so that the sucker in question can make the interest payment on their Ford F150. They eventually meet a gnarly end in someone's furnace after a few years and are cast into some actually desirable silver jewellery or silver bars.
How about a ₽100 Ruble coin?
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