Question Re: Silver 35%-40%-90%***SURPRISING UPDATE***
LeeBone
Posts: 4,438 ✭✭✭✭✭
A friend of mine was left some of these from his father and asked me to see what dealers are paying for each of these. (All common date material)
35% War Nickels
40% Halves & Dollars
90% Dimes, Quarters, Halves, Dollars
I would offer him a little over their prices and save him further work.
Thanks in advance.
LeeBone
0
Comments
Dealers are probably going to be 10-15% behind spot. This is from experience with a couple local shops in NJ.
Anything less than 90% silver always gets dinged with respect to its buy price vs. percentage bullion. Whatever folks are paying for the percentage bullion on 90% will be a higher value, per ounce of silver, than the low percentage stuff.
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I'd steer clear of the 35-40% stuff, way too hard to unload.
90% is all over the place depending on condition, denomination and FV amount but expect to be low balled by almost all dealers. If you got BU halves and a lot of patience you might realize melt, slick mercs, roosies, Washington quarters can be as far back as 20% of melt. RGDS!
The whole worlds off its rocker, buy Gold™.
Would you get a better price at a major show: i.e., FUN?
At least for common grade, circulated silver dollars I have gotten better prices at the Diamond District in NYC than from coin dealers. I was surprised.
Casual collector, mostly Morgans & Peace Dollars.
the people on the precious metals forum would know.
also Barbers bring higher prices, then slq/mercs, washingtons/roosies and kennedy are the baseline
it's sad that conflation has so many annoying ads, but you can go there to determine raw silver value
90% Dimes and Quarters are being bought around 20-21x face, halves 22--23x depending on quality , and cull dollars are around 24x. Not sure about 40% or war nickels.
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Wholesale on 40% is about $75/ roll but most local coin shops pay way too little because they are "modern".
War nickels are ~$55/ roll but shops underpay a little for these.
Keep in mind that dealer profits come out of the spread and few dealers pay as much as wholesale. Some shops even sell these for too little.
Some of your foreign coinage is 70% such as 70's Netherlands 10 Guilden coins. Not sure regarding others. I picked up a couple of these when there in 70's.
Jim
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BUMP for a surprise find
UPDATE
My friend just brought me a few more items that he came across as he has been going through his father's house. All generic stuff as before, wheat pennies and common 90% silver, but as I checked the 12 Mercs in his Whitman for anything of more value I did notice this little guy hiding in there.
Nice find on that 42/1 overdate!
It pays to look closely on this stuff. Nice job!
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Nice find - congrats!
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That is cool!
Well, Ill be! Great find. I have searched many times for either one and never found one.
How in the world do you have 47,101 notifications????? Do you never pay attention when people quote you?
By the way, nice find to the OP.
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Nice clear over date. Very obvious.
I really couldn’t believe it myself.
I have looked for many years for anything more than the ordinary and never found anything until now.
Actually, never thought it would happen and I’ve only heard stories of other people finding things. Still hard to believe.
Wowzer!
Awesome! I've also looked through a gazillion mercs and never found that overdate! This gives me hope...
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You can make the number however high you want with "inspect element", although there isn't really any reason to do so.
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I had a very difficult time selling ~$50 of 40% silver at Long Beach but if I recall correctly I got around $375. Aside from the buyer nobody else was even interested. Silver was around $27/oz when I sold it.
Edit: Whoops, 100 halves equals $50
Odds of finding one in the wild now has just gone up with this find.