spot/melt price on 1 gram of silver is about $1 US - a little more.
.420 x 4.85 (current market) = $2.037
The last bid was ~200% market value.
Spot/melt price on the computer you're reading this on is probably less than $10. Since I'm feeling generous, I will offer 3 BTC for your computer. Let me know if we have a deal.
Now that the auction has ended, I'd like to apologise:
1. for interrupting the auction with nonsense that wasn't a bid.
2. questioning the auction's value in fiat, not bitcoin.
I should've known better on both accounts. I feel ashamed of myself. Everyone should look at what I did as an example of what not to do in an auction thread. Just saying...
Congrats to the winner!