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Price on 100 peace dollars
KISHU1
Posts: 2,318 ✭✭✭
What are dealers paying on 100 avg circulated peace dollars?
I’m going to a estate sale where they are being offered
Thanks
Frank D
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Where's the estate sale, then I'll tell you. 😉
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Roughly $24 each right now.
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If they are all circulated common dates (aka bullion), many dealers would go $20/ea or $2k for the lot. If you got a dealer offer of $24/ea that is a strong offer.
Culls are $26. Fine/ better are $29. [Upstate buy prices]
All comments reflect the opinion of the author, even when irrefutably accurate.
Id pay $26.75 SU
My wholesaler buy bid is $29.50.
@KISHU1 ... From the above, offers range from $20 to $29.50 individually... Which leaves current midpoint at melt.... If you can get the lot for under melt, grab it... If it is an auction, Don't go beyond melt plus a dollar...(unless you spotted a couple of high value cherry-picks in the lot). Cheers, RickO
Respectfully, Peace dollars are not 1 oz. They melt at under $19.
ALL wholesalers are buying in the $29 range. I would not create a range based on ignorant estimates of the market. $20 is pawn-shop-take-advantage-of-the-ignorant pricing.
All comments reflect the opinion of the author, even when irrefutably accurate.
You don't go by melt value on these. They go by wholesaler buy bid.
@jmlanzaf .... Thanks for pointing that out.... My error... Mental gap, was thinking Morgans... Hanging my head in shame... :'( Cheers, RickO
did you buy them? was it fixed-price, or auction? What price were they asking if you did not?
my experience at estate sales/garage sales is that usually the seller wants an arm and a leg, and perhaps even your firstborn for coins.
Morgans and Peace dollars are 0.77 ounces of silver but as has been pointed out they sell for a premium over melt value.
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
Is there a good online location to get a good feel for what the going wholesale bid is for non-dealers?
The sale is on Friday and they Want
$25.50 each
Thanks for the responses
Frank D
Upstate does not do business with the public.
As of posting time,
Arizona Coin Exchange is buying Peace Dollars at $29.50 in VG+.
Wall of HONOR transaction list:WonderCoin, CoinFlip, Masscrew, Travintiques, lordmarcovan, Jinx86, Gerard, ElKevvo, PROMETHIUSS88.
What are Morgans going for? Is there a difference in price?
MORGANS:
VG OR WITH LITE PROB PRE 21 $31.00
F PRE 21 $35.50
XF+ PRE 21 $36.50
AU+ PRE 21 $44.50
BU PRE 21 $50.00
VG+ 1921. $30.50
Wall of HONOR transaction list:WonderCoin, CoinFlip, Masscrew, Travintiques, lordmarcovan, Jinx86, Gerard, ElKevvo, PROMETHIUSS88.
That looks like a good price but make sure you can check them yourself. Ave circ is not the same as VG+.
VG+ coins sell every day on eBay for $28 or $29 delivered and you can pay with a credit card.
The question asked was what do dealers pay.
And they most definitely DO business with the public. I'm not sure, however, that they will buy via mail from the public. Nonetheless, ALL wholesalers are buying at the same price. So if wholesalers are buying at $29, a reputable dealer will be buying 100 Peace at about 10% back or higher.
All comments reflect the opinion of the author, even when irrefutably accurate.