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What are dealers currently paying for circulated 900 fine silver coins?

PerryHallPerryHall Posts: 46,121 ✭✭✭✭✭
in Precious Metals
I've got a chance to buy some 900 fine half dollars and I'm not sure what a fair offer would be. Any advice would be appreciated.

Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire

Comments

  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    I think the formula is:

    .715 X $17.82(price of silver) = 12.7413. So around 12.75 times face.
  • PerryHallPerryHall Posts: 46,121 ✭✭✭✭✭


    << <i>I think the formula is:

    .715 X $17.82(price of silver) = 12.7413. So around 12.75 times face. >>



    Usually, dealers don't pay full melt for junk silver coins, especially after a big runup in silver. If I'm wrong, let me know.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • ttownttown Posts: 4,472 ✭✭✭
    I use a factor of .7 as a basis and that usually gets real close on a fair dealer.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    11.8 to 12.2 depending on quality. This is my buy range not a B&M.
    Avid collector of GSA's.
  • OPAOPA Posts: 17,120 ✭✭✭✭✭
    I think between 11.5 & 12 times face is a more realistic figure..
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • SLQSLQ Posts: 311 ✭✭
    One dealer at Coinfest was paying 12.5 x face value.
  • PerryHallPerryHall Posts: 46,121 ✭✭✭✭✭
    Do the rolls of half dollars carry any premium over the rolls of dimes or quarters? Just curious.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CaptHenwayCaptHenway Posts: 32,129 ✭✭✭✭✭
    FWIW, we sold a good customer $1100 face in dimes, quarters and halves at melt, which is spot times 715 ounces per $1000 bag. After he took that, we sold him another $150 face in decent Walkers at a little bit more.

    Obviously, if we are selling it at melt, we are paying less.

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • Norseman88Norseman88 Posts: 962


    << <i>Do the rolls of half dollars carry any premium over the rolls of dimes or quarters? Just curious. >>



    Yes they do, Barbers have a strong premium for full rim good coins and even a decent premium for G/AG coins, Walkers have a decent premium and even Franklins and Kennedies carry a small premium to Rossey dimes and Washingtom quarters.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I've never had a dealer offer to buy the Half dollars for more.

    Sell them for more = yes!
    Avid collector of GSA's.
  • Norseman88Norseman88 Posts: 962


    << <i>I've never had a dealer offer to buy the Half dollars for more.

    Sell them for more = yes! >>



    Today I was at the local B&M, I inquired about trading 90% in on Eagles or Maples.
    He told me to hang on to the 90% as it was trading at a disount however if I wanted to trade he would give me 12.4 times face and if I traded walkers or mercury dimes he said he would give 12.6 times face.
  • CaptHenwayCaptHenway Posts: 32,129 ✭✭✭✭✭


    << <i>I've never had a dealer offer to buy the Half dollars for more.

    Sell them for more = yes! >>



    We can't always get a premium for halves when we sell junk silver. Wednesday we sold a guy $1100 face in 90% at melt. About $400 of it was in halves.

    Had he wanted only the halves we would have charged him more, but since he took everything we had in stock we sold it all at the same price.

    It's the law of supply and demand. Had he demanded only halves, that would have limited the supply of product available to sell and driven up the price. Had he placed an order for halves only to be filled when we could get the product, we would have paid more for halves until the order was filled. Since there was no demand for halves as such, only junk silver, we had no incentive to pay more for halves.

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • PerryHallPerryHall Posts: 46,121 ✭✭✭✭✭
    I just checked the junk silver prices at APMEX and they charge a little more for the halves than they charge for the quarters and dimes.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CaptHenwayCaptHenway Posts: 32,129 ✭✭✭✭✭


    << <i>I just checked the junk silver prices at APMEX and they charge a little more for the halves than they charge for the quarters and dimes. >>



    As I said, if you demand just halves, you have to expect to pay for them.

    Apparently Size DOES matter!!!

    LOL
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • Norseman88Norseman88 Posts: 962


    << <i>

    << <i>I just checked the junk silver prices at APMEX and they charge a little more for the halves than they charge for the quarters and dimes. >>



    As I said, if you demand just halves, you have to expect to pay for them.

    Apparently Size DOES matter!!!

    LOL

    At my age it certainly does, I can hardly see the date on a mercury dime anymore.
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