Options
Pricing common silver quarters and dimes
delistamps
Posts: 724 ✭✭✭
I'm a currency guy who has a neighbor looking to sell silver coins. There's about $200 in face value silver coinage--circulated Roosevelt dimes and Washington quarters; no scarce dates. I would not expect that a dealer would pay full melt value for the coins; what percentage of melt value is a reasonable expectation? Thanks in advance.
0
Comments
They should be 19-20x
All comments reflect the opinion of the author, even when irrefutably accurate.
Also, if they have the time and energy, they can try to sell them online… I’d try the buy/sell/trade section of this forum, or one of the many Facebook groups devoted to “constitutional silver”. I’d expect that they might even get a bit above melt value on one of those groups. All depends on whether they want to deal with the extra hassle.
Thanks to both of you.
You might also try the precious metals thread as many who frequent that are interested in precious metals.
21x face
Dave
A local shop pays BV less say 10pct / varies on inventory needs, market conditions. The coins are then sorted for material they can sell higher than just melt plus.
Shop around for a buyer who will pay you the most. One buyer is paying 20x. Another one is paying 22x. Which buyer are you going to sell to?
"Two things are infinite: human stupidity and the universe; and I'm not sure about the universe."
-Albert Einstein-
Mistakes are natural. But repeated mistakes without reflection are something else. That may be the “stupidity” he was referring to. In research, he admitted uncertainty openly. “If we knew what it was we were doing, it would not be called research, would it?” This shows humility. Even a Nobel laureate accepted doubt. That humility makes the quote less cynical and more observational.