i want to buy your common silver dimes and quaters
jonlimle
Posts: 51
i will buy them at 25% above blue book value or if you want more let me know send a pm
0
Comments
Silver is around 11.00 an oz today.
Steve
common silver quaters run about 0.75 for f-12 i will pay 25% above that any thing bellow the grade f-12 i will pay 0.75 for
Metals Prices can be found at kitco.com.
At current $9.88 oz silver:
Kitco is paying 6 times face; one dime = 60 cents.
$1000 face 90% coins UNC should have about 720 ozs. of silver.
$1000 face 90% coins CIRC should have about 715 ozs. of silver.
I want to get rid of some PSA cards. Anyone can spend their
silver dimes with me at 9 times face, if they pay the freight on
the coins to me. FREE ship on my end.
This is not the place for this thread, I think. lol
storm
I'll pay a buck for the quarter.
Steve
ask the butcher
"So basically you will pay .75 for a quarter dollar of silver, when at
10.00 that same quarter dollar has a melt value of 2.50? "
No. The subject quarters are 90% silver.
The quarter actually has a "full-melt" value of about $1.78 at $10.00 silver.
715 oz per $1000 face.
71.5 oz per $100 face.
7.15 oz per $10 face
.715 oz per $1 face
@ 10.00 silver, you have $7.15 full melt per $1.00 face.
$7.15 / 4 = $1.7875 (per quarter)
When the dealers sell to the smelters, they get
between 85% and 97%, depending on how much
weight they have. The dealers have to pay the
freight costs of getting the coins to the smelters
or their sub-agents.
(The numbers are close, but may not be exact.)
The 40%-silver Kennedy halves can be calculated using
the same equation. Substitute 40% for 90%.
All numbers are for circulated coins. UNCs add 5 ozs per $1000.00 face.
All smelters buy by weight, not face value.
storm
I'll still pay a buck.
Steve
<< <i>i dont know how do i find out the precious meatle values
ask the butcher >>
I pay my butcher in "quaters."
Are you a grandson of the Texas Hunt Brothers?
Didn't they try to corner the silver market in the 60s or 70s?
Groucho Marx
"ok.................so basically he wants to pay .75 for todays melt value of 1.78?"
Yes.
And, kitco.com is paying $1.50 / six-times face / for your quarter @ $9.88 silver.
Generally, a "retail customer" is VERY LUCKY to get about 60-70% of melt when he
sells to a coin buyer. The key to the business is paying real low prices and
hoarding it until you have enough to dump to someone close to a smelter.
It requires tying up lots of cash and works best/only in a rising market. If you
sell direct to a smelter, you get the highest price, but you have to wait for
your cash; sometimes several weeks, if they are busy. If you sell to a dealer or
someone a few steps below the smelter, you get instant cash.
I am advising everyone to keep their silver coins, or in the alternative, to spend
them in my eBay store. lol
Storm
Steve
1964 and earlier for dimes and quarters and halves.
between 65 and 70 kennedy halves have 40 persent silver
also nickels from 1941 thru 45 have 37 percent silver too
not all 41's though
what you have is clad coinage worth face value.
SD
edited : one can simply go to any coin dealer or in many cases jewlery store and cash in. most coin dealers will give 80 perrcent of the melt value or more in some cases.