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franklin halves for $3.50

palmpalm Posts: 34
in U.S. Coin Forum
The local wannabe coin shop ( actually a music shop ) never has much that is of interest so I usually don't bother stopping. Stopped in today and they have hundreds of Franklin halves for $3.50 each ( plus 0.24 tax). would you snap them up?
palm

Comments

  • 100proof1957100proof1957 Posts: 6,231 ✭
    7x melt ?

    Dunno !
    image
  • JJMJJM Posts: 8,039 ✭✭✭✭✭
    7X face retail is not bad if your buying in the bouillion mindset
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly
  • DNADaveDNADave Posts: 7,279 ✭✭✭✭✭


    << <i>7x melt ?

    Dunno ! >>



    you mean face?
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Sure, if you've got the money and want to buy silver. They're worth about $3.725 each by my calculation.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • DickyBetzDickyBetz Posts: 3,825
    No you would be overpaying by $.005 per coin.
  • KipKip Posts: 852


    << <i>No you would be overpaying by $.005 per coin. >>



    until tomorrow or the next day
    UCSB Electrical Engineering....... USCG and NASA
  • comoncentscomoncents Posts: 131
    Silver closed today at $10.30.
  • MrXrayMrXray Posts: 152
    I would... Build a reputation with the wannabe dealer & your not gonna loose anything. Plus you can start a Frankie set for halfway cheap.
    Jeremy
    North Pole, Alaska...
    I pee'd on the Arctic Circle...
    My E-bay Stuff
  • MrXrayMrXray Posts: 152


    << <i>Silver closed today at $10.30. >>



    How much does that make melt value?
    Jeremy
    North Pole, Alaska...
    I pee'd on the Arctic Circle...
    My E-bay Stuff
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭


    << <i>7X face retail is not bad if your buying in the bouillion mindset >>




    Go with the above if you want to make soup out of them image

    OTOH, if you wanna pick up smoe silver at melt, seems like a good way. Here in CA, if you buy over $1000 worth, it's free of sales tax - check your local rules on this.

    Edited to add:

    Metal value of coins

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • JJMJJM Posts: 8,039 ✭✭✭✭✭
    smoe

    typos abound eh dude?
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭

    Actually, "smoe" is quite intentional. I caught it here on the forum, but it actually dates back to early AOL chatrooms.

    Moreover, bouillion is a soup base, while bullion refers to precious metals. Although I suppose one could possibly make a bullion boullion.

    Since I wasn't sure that you created a typo, versus just used the wrong word, I poked a little gentle fun.

    I apologise (British spelling, BTW) for any insult taken - none intended.

    Just havin' fun.

    Keith

    Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1

  • palmpalm Posts: 34
    New york state not collect sales tax- you must be kidding
    palm
  • palmpalm Posts: 34
    one the other hand, I could have my business buy it and use my retail tax certificate to make me take exempt. Sell them at my store (a pharmacy) for way too much- no body buys them and I dump them for hopefully a profit.
    palm
  • palmpalm Posts: 34
    meant tax exempt- not take exempt. (How do you guys edit your post after posting while I'm on the subject?)
    palm
  • orevilleoreville Posts: 12,027 ✭✭✭✭✭
    palm: It is not a good idea to disclose in public your strategy for sales tax evasion in the State you reside or do business in.

    A pharmacy is not normally in the business of buying and selling coins. You could have a fight on your hands.

    Better to have legitimately a separate business of buying and selling coins. But what you save in sales tax you give up in having your sales no longer being exempt from self employment tax/ medicare tax on your profits. Definite tradeoffs.

    See your accountant. Hopefully he is a CPA. But don't bother him until after 4/18/2006 and he will thank you.
    A Collectors Universe poster since 1997!
  • JJMJJM Posts: 8,039 ✭✭✭✭✭
    Moreover, bouillion is a soup base, while bullion refers to precious metals. Although I suppose one could possibly make a bullion boullion.

    yeah, I know , I am a chef, it was a typo, I thought you were just thinking of food and meant a "smore"

    no harm, no foul......image
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly
  • palmpalm Posts: 34
    That was meant to be tongue - in- cheek. Wouldn't risk a business to save a few bucks. I also dable in antique cars- you would be surprized how many sales have been lost because I wouldn't alter a bill of sale so the buyer could save some money on sales tax at the DMV. And just about every time I've bought a vehicle from a private seller the question is always- what do you want me to put down for the selling price?
    The answer- the amount I paid- I pay the sales tax- not the seller.
    palm
  • MikeJessie1MikeJessie1 Posts: 374
    new strategy. Offer to take all of them for a discounted price.
    How much for that one

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