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New to Forum - sell commemorative set for melt value or as is?

Thank you all, in advance, for helping a newcomer. I inherited my late mother's coin collection and just started sorting through it. I have five 5 piece sets of National Commemorative Society medal sets (and 15 single medals). (They are of famous events and people in American history.) I have been offered $450 for the five sets. The U.S. Coin Forum suggested I post to this group after weighing the coins. I weighed 6 of the medals and they vary - .8 g, .9 (mostly), 1.0. This is in grams (I believe). The medals are all sterling silver proof. Do you think I am better off selling them off as silver content or holding off and selling them as sets? If selling them as silver I suppose I should be weighing them all. Really appreciate your help.

Comments

  • tincuptincup Posts: 4,724 ✭✭✭✭✭

    Are they similar to the picture below? If so, they are Franklin Mint, and each medal weight ~ .83 troy ounces of sterling silver, or ~ .768 troy ounces of actual silver. For 40 medals total, that is 30.71 ounces of silver.... and at $27.26 per ounce that would come to $837 actual melt value. Sounds like you may be getting a rather low offer.... around 54% of melt.

    ----- kj
  • tincuptincup Posts: 4,724 ✭✭✭✭✭

    A dealer will probably give you below melt; a collector perhaps somewhat better, but usually will not get above melt except for someone who really really wants them for some reason.

    ----- kj
  • Thank you, and Tin Cup, there are exactly that!

  • jmlanzafjmlanzaf Posts: 31,340 ✭✭✭✭✭

    @tincup said:
    Are they similar to the picture below? If so, they are Franklin Mint, and each medal weight ~ .83 troy ounces of sterling silver, or ~ .768 troy ounces of actual silver. For 40 medals total, that is 30.71 ounces of silver.... and at $27.26 per ounce that would come to $837 actual melt value. Sounds like you may be getting a rather low offer.... around 54% of melt.

    He said the $450 was for the 5 sets not all 40 coins.

  • jmlanzafjmlanzaf Posts: 31,340 ✭✭✭✭✭

    @smh said:
    Thank you, and Tin Cup, there are exactly that!

    Was the $450 for the 40 medals or the 25 medals. HUGE difference. You stated it was for the "5 sets" which implies the 25 medals.

  • The $450 was for the 25 medals.

  • alexercaalexerca Posts: 243 ✭✭✭

    This is what I love about the bst! Folks are more than willing to help when asked and there is a lot of knowledge here!

  • KliaoKliao Posts: 5,426 ✭✭✭✭✭
    edited February 22, 2021 7:14AM

    @smh said:
    The $450 was for the 25 medals.

    Using the average of .768OZT per medal, that means that 25 medals would melt at $533. That means your getting about 84.4% of melt.

    You could try listing them on the BST here to see if any members are interested in them for more then the current offer you have.

    Young Numismatist/collector
    73 Positive BST transactions buying and selling with 44 members and counting!
    instagram.com/klnumismatics

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    There is a lot of interest in raw silver right now... so try the BST... no fees and a lot of trusted members there. Cheers, RickO

  • OPAOPA Posts: 17,104 ✭✭✭✭✭

    Unfortunately, most Franklin Mint products do not carry much of a premium, if any, over melt. The dealers offer is normal for your set. Perhaps, you might get a somewhat higher price on the BST, but you'll have to deal with shipping costs and payment fees.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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