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Well......If You Can't Find Them :angry:.....Make Them!:smoke:

John-Edmonton

John-Edmonton

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Staff member
http://u.cubeupload.com/johnedmonton/bl1.jpg

Headed out this afternoon for a couple of hours to an older part of Edmonton. Got these at the bottom of a hill, where houses used to be at one time. Lucked out with a 1965 silver quarter and a few other items. I made a ring out out of that spoon and a 1966 US penny.......heck, I bet I could sell it for one dollar! Mmmmm....that's a 100% mark-up. :bouncy:

Below are the bestest!
 
Let's say your wholesale cost of a penny......is $0.01 and you mark it up 100%. By marking it up 100% then your selling price would be $0.02.

So if I remember correctly ( good chance I don't, my two grey cells are getting on with age) So if the cost of a penny is well....one penny ( $0.01) and I sell it for one dollar ($1.00) then my markup should be........

Markup = ($1.00 - $0.01) / $0.01 * 100% = $99 / $0.01 * 100% = 9,900% This takes into account the cost of the product....your penny at a cost of $0.01. ie. $0.01 x 9900% = .99 or 99 cents.


I think that's right.....if not, either way, I think ya did better than 100% markup by selling one penny for one dollar :)
 
LOL its been 35 years since the good ol'school days and I'm not going to waste time doing an online refresher course. I hated this stuff back then and still do

maybe some brainiac can give us an answer. In my answer, I am assuming that the penny actually cost $0.01 and sold for one dollar. But I guess you could say since he found the penny detecting, then the penny was free ( no cost to acquire) and sold it for a dollar.
 
You should sell them John. That's terrific craftsmanship. You could even have some custom made for people who don't have the hardware or know how to do them. I'd certainly like to see one made out of the 1973 mounted police quarter. The Canadian mint has produced such beautiful designs through the years.
 
I am the "Proud" owner of one of his quality craftsmanship rings...

Thank you John.....

Respectfully,
Elton
 
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