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So how DOES one get rid of 40% halves?

GritsManGritsMan Posts: 2,599 ✭✭✭
in Precious Metals
After being chided for not accepting fifty cents on the dollar (pun intended) from a local dealer for my 40% halves, I am wondering what the best ways might be to sell these things? I don't have that many myself, but know there are gobs of these things out there, and that people continue to hoard them. Hasn't someone (a refinery, dealer, etc...) come up with a good way to cash them out for close to the actual silver value?

P.S. I note APMEX is paying $9,640 for a $1,000 bag, but of course, most people don't have that many.

Winner of the Coveted Devil Award June 8th, 2010

Comments

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    eBay completed auctions are getting around $95 per roll + s/h
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 19,103 ✭✭✭✭✭
    40% has never traded at spot and never will.

    Greysheet bid on 90% is below melt. The discounts will only widen the higher silver goes. And if silver goes up really fast, you will feel like you are being raped when you want to sell. Dealers wil not want to take on increased risk and will discount. Thats the way markets work. Be prepared.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭
    Why sell them? They are an asset that has been going up in value, and may continue to go up.
    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.
  • dontippetdontippet Posts: 2,606 ✭✭✭✭
    I had success on the BST, but I received much lower than melt.
    > [Click on this link to see my ebay listings.](https://www.ebay.com/sch/i.html?_nkw=&_in_kw=1&_ex_kw=&_sacat=0&_udlo=&_udhi=&_ftrt=901&_ftrv=1&_sabdlo=&_sabdhi=&_samilow=&_samihi=&_sadis=15&_stpos=61611&_sargn=-1&saslc=1&_salic=1&_fss=1&_fsradio=&LH_SpecificSeller=1&_saslop=1&_sasl=mygirlsthree3&_sop=12&_dmd=1&_ipg=50&_fosrp=1)
    >

    Successful transactions on the BST boards with rtimmer, coincoins, gerard, tincup, tjm965, MMR, mission16, dirtygoldman, AUandAG, deadmunny, thedutymon, leadoff4, Kid4HOF03, BRI2327, colebear, mcholke, rpcolettrane, rockdjrw, publius, quik, kalinefan, Allen, JackWESQ, CON40, Griffeyfan2430, blue227, Tiggs2012, ndleo, CDsNuts, ve3rules, doh, MurphDawg, tennessebanker, and gene1978.
  • GritsManGritsMan Posts: 2,599 ✭✭✭


    << <i>Why sell them? They are an asset that has been going up in value, and may continue to go up. >>



    Thanks for the responses, everyone. I'm feeling like selling them to make some room, but also I'd rather have those assets tied up in some coins I really like.
    Winner of the Coveted Devil Award June 8th, 2010
  • MoneyCollectorMoneyCollector Posts: 451 ✭✭✭
    Michael will buy smaller lots @ www.mjpm.com Click on "silver" and look around. 40% currently at 9.35x face for $100 or more. Easy to deal with: call, lock in price, mail coins, receive check.

    Randy
    My eBay Items for Sale
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Have you considered trading them for war nickels? image

    My Adolph A. Weinman signature :)

  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭
    I had a few 40% halves that I had difficulty getting rid of. Even the Coinstar machine rejected them.image

    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

  • morgantypemorgantype Posts: 456
    The trading for war nickels comment made me laugh out loud.
    Many buy and sell transactions. Let's talk!
  • GritsManGritsMan Posts: 2,599 ✭✭✭


    << <i>Have you considered trading them for war nickels? image >>



    Actually, I might prefer to have War nickels, which I've always thought were really cool. And thanks, MoneyCollector, for the lead. Very helpful!
    Winner of the Coveted Devil Award June 8th, 2010
  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭


    << <i>

    << <i>Why sell them? They are an asset that has been going up in value, and may continue to go up. >>



    Thanks for the responses, everyone. I'm feeling like selling them to make some room, but also I'd rather have those assets tied up in some coins I really like. >>



    May I respectfully suggest that you consider trading them towards the items you want? Be very up front and say "I have $xxx face in 40% halves I would like to trade towards zzz. What will you give me in trade?"
    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.
  • GritsManGritsMan Posts: 2,599 ✭✭✭
    Good idea! I may just do that... Thanks, Capn'.
    Winner of the Coveted Devil Award June 8th, 2010
  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭
    You are welcome.
    Good luck.
    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.
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