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Selling silver.......

ConstellatioCollectorConstellatioCollector Posts: 1,909
in U.S. Coin Forum
There was a previous topic with a person asking about what is a good offering on silver coins. I took some coins in and received 5.35 x face value. Any good????
Constellatio Collector sevenoften@hotmail.com
---------------------------------
"No Good Deed Goes Unpunished!"
"If it don't make $"
"It don't make cents""

Comments

  • airplanenutairplanenut Posts: 22,141 ✭✭✭✭✭
    Holy cow! Last time I was in a coin shop and noticed, it was 2.5x face... then again, that was quite a while ago image
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • ddinkddink Posts: 2,748
    Silver prices put junk silver at 6x right now. So you got the silver content for less than the spot price!
    I heard they were making a French version of Medal of Honor. I wonder how many hotkeys it'll have for "surrender."
  • ConstellatioCollectorConstellatioCollector Posts: 1,909
    Hind sight ......... Oh well!
    Constellatio Collector sevenoften@hotmail.com
    ---------------------------------
    "No Good Deed Goes Unpunished!"
    "If it don't make $"
    "It don't make cents""
  • DeadhorseDeadhorse Posts: 3,720 ✭
    I've been buying $1,000 bags at 5.4 to 5.6 times face.

    Recently got a half bag of assorted BU shotgun rolls, dimes and quarters. Mostly late 50's stuff and paid 5.6, I thought I got a pretty good deal on that batch!

    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>Silver prices put junk silver at 6x right now. So you got the silver content for less than the spot price! >>



    Actually, with silver curently at 8.14, junk silver cimes out at 5.82 times face. Wear is considered into the equation as well, so 5.6 is about right for buyers, sellers going to a dealer will see 5.2 to 5.4 depending on quality.

    You didn't do badly at all.

    In case board members don't know, I'm always buying, any amounts at fair prices, I've done more deals with board members than I can begin to count without going back to the records.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • RegistryCoinRegistryCoin Posts: 5,117 ✭✭✭✭
    Wow, last I heard it was 3.5x face. Thanks, Warren.
  • ConstellatioCollectorConstellatioCollector Posts: 1,909
    I would have loved to "Beat a dead horse" on these coins but, as I said "Hind sight is 20/20". I called around and got what I felt was the best deal!
    Constellatio Collector sevenoften@hotmail.com
    ---------------------------------
    "No Good Deed Goes Unpunished!"
    "If it don't make $"
    "It don't make cents""
  • RampageRampage Posts: 9,447 ✭✭✭✭✭
    My local shops here in town sell junk silver for 6X face value.
  • jdimmickjdimmick Posts: 9,668 ✭✭✭✭✭
    The one respectable shop around here is buying at 5.2 and selling at 5.8 to the melter.

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