Franklin Melt?

Munkey

I have these Franklins that I will be trying to sell, but I am not sure of the worth. I could use some help, I looked at the Red Book and their about $4 a pop in their condition (my guess). At what point do you give up on selling and decide to melt? And may I ask how it is that you melt? Are there certain people that you go to? One more thing, by using the red book, am I leaving myself vulnerable? I cant believe that the value would stay current. Any ideas?

Russ

They're worth about 10X face.

Russ, NCNE

tightbudget

<< <i>They're worth about 10X face.

Russ, NCNE >>



I'd say more like 9.5x face when selling. Almost any coin shop will buy them. People at shows will buy them too.

Munkey

And the melt theory?

guitarwes

$4 a pop?.....I'll take a truckload. I love the Red Book.

Didn't see any extravagant one's in there that would warrent a premium.

Like Russ said...... ~10X Face value.

SilverEagles92

Below MS, they're pretty much worth melt.

tahoe98

that's just a theory

Munkey

Your killing me! What the bloody hell is melt? I understand the concept to melt it down for the silver yes, but how does that work?

Russ

<< <i>What the bloody hell is melt? I understand the concept to melt it down for the silver yes, but how does that work? >>



Nobody, (at least very few), actually melt them. Melt is generally just used as a value term and equals the amount of pure silver in the coins. In this case, that's about .362 troy ounce per coin.

Russ, NCNE

Munkey

<< <i>

<< <i>What the bloody hell is melt? I understand the concept to melt it down for the silver yes, but how does that work? >>



Nobody, (at least very few), actually melt them. Melt is generally just used as a value term and equals the amount of pure silver in the coins. In this case, that's about .362 troy ounce per coin.

Russ, NCNE >>



Thanks, I just had this stupid image of someone pooring my coins in a bucket and putting it on a scale to tell me the worth, like I was at the bloody supermarket.

Russ

<< <i>Thanks, I just had this stupid image of someone pooring my coins in a bucket and putting it on a scale to tell me the worth, like I was at the bloody supermarket. >>



Junk 90% silver trades at a multiple of face value, with that multiple changing as the price of silver fluctuates. It's pretty high right now since silver has been doing well.

Russ, NCNE

TwoSides2aCoin

Franklin Melts are a lot better than Patty Melts with a lot less cholesterol You can get a happy meal for each one of them. Add $.49 for the "biggie fries and drink".



These particular coins are collectible but they are referred to as "widgets" or "dogs".

Steve27

Melt value LINK

gecko109

<< <i>

<< <i>

<< <i>What the bloody hell is melt? I understand the concept to melt it down for the silver yes, but how does that work? >>



Nobody, (at least very few), actually melt them. Melt is generally just used as a value term and equals the amount of pure silver in the coins. In this case, that's about .362 troy ounce per coin.

Russ, NCNE >>



Thanks, I just had this stupid image of someone pooring my coins in a bucket and putting it on a scale to tell me the worth, like I was at the bloody supermarket. >>



That happens too. Try bringing in 3,000+ silver dimes to a coinshop with the counting machine on the fritz. Into a bucket and onto the scale they go!

ElKevvo

And the 90% silver is often sold by weight especially by firms who are not overly interested in any numismatic value.

K

gecko109

<< <i>Franklin Melts are a lot better than Patty Melts with a lot less cholesterol You can get a happy meal for each one of them. Add $.49 for the "biggie fries and drink".



These particular coins are collectible but they are referred to as "widgets" or "dogs". >>



I thought this was a widget? But certainly no dog.

TwoSides2aCoin

^

That's a happy meal , gecko

Munkey

<< <i>Melt value LINK >>



That being said, : $5.0824413664 is the total melt value for the 1948-1963 silver Franklin half dollar on December 18, 2007.

So I was not that far off from $4.00

tahoe98

<< <i>Franklin Melts are a lot better than Patty Melts with a lot less cholesterol You can get a happy meal for each one of them. Add $.49 for the "biggie fries and drink".