A bus driver saved pre-1964 quarters, dimes, and silver dollars for years. Each quarter contains 90% silver worth over $6 today. When buying the collection, the speaker and driver used different ounce measurements—avoirdupois instead of troy ounces—which drastically changed the profit on the bulk deal.
I was on a call with a guy who was a bus driver, and he had canisters and canisters and canisters of quarters, dimes, and half dollars, and silver dollars prior to 1964. Prior to 1964, 90% silver. So if you have a quarter, in today's world, I think it's over $6 in metal for a quarter that's before '64. The reason I'm telling you this story is because this bus driver used his scale, we figured out numbers, we agreed on the price per ounce, and we were on the same page. We were only making about 10%. And when we figured out all the numbers, we were off. And the reason we were off, because he weighed in regular ounces and I weigh in troy ounces, because that's the way you have to weigh metal. And it is a little bit of a difference, but when you're doing a big deal, it does make a difference. Please subscribe so you don't miss any future videos.
