Any idea what 40% Kennedys would sell for?

Longacre · July 25, 2006 7:22AM

I am just curious about this. I was going through a roll or two of Kennedys that I didn't know I had. I now realize that most are the 40% silver variety. For some reason, the coins are in really good condition. They all seem to have a nice luster to them. If I had to grade them, I would say they are conservatively in the AU-55 to 58 range, but given the look of them, it is possible they would be low MS. Does anyone know what these are generally worth if sold locally?

123cents · July 25, 2006 7:25AM

I think about $1.50.

Dave99B · July 25, 2006 7:29AM

I'd say about 2.8x to 2.9x face value.

Dave

mnmcoin · July 25, 2006 8:45AM

Take spot lets say $10.87 x 295 ounces of silver in a bag...$3206.65...divide that by 2000 pieces in a bag and you get $1.603325. That is melt value. However, with non pure silver there is a discount off of spot...the lower the purity, the lower the discount. On 40% I believe it gets discounted wholesale wise around $.80 back of spot...so for wholesale value refigure $10.07 x 295...$2970.65, then divide by 2000 for $1.485325.

So yes, about $1.50 is what you would get from a end bullion dealer. In the shop we pay about $1.25 or so.

morris <><

cladking · July 25, 2006 9:47AM

There is veryu little interest in these in grades under MS-63. MS-60's will bring a
nice premium but only in rolls. There are few very interesting varieties so people
don't look through the circulated pieces very much. Most of these have seen rough
handling or light circulation and tend to be XF to AU-55. AU-58 and sliders are quite
common though. Curiously most of these coins escaped the melting pot back in '79
because they just weren't readily available in the brief time that the premium made
melting them feasible. The 40% that did get melted was mostly rolls and bags which
were available. Uncs are hardly tough now but many were destroyed.

In gem and better condition these are far tougher han might have been predicted in
the days they were issued. Very nicely made coins weren't overly tough in the soft
80% silver cladding and many pieces made it out of the mint in nice shape. There was
a sense that large numbers were being set aside but apparently this wasn't entirely
true. Then many of them were melted. Mint set coins are pretty tough for the '68 to
'70 halfs because of marking and large percentages have turned quite dark or tarnished.
The '70 appears as a nice PL but the '68 and '69 much less so. The '65 to '67 issues
appeared in the SMS's so are available in very high grade. (and numerous varieties)

coindeuce · July 25, 2006 2:27PM

Based on what silver spot price? It matters. At spot 10.80, I have been buying @ $1.25 each, or 2.5 X face.

Deadhorse · July 25, 2006 4:59PM

I sold a bit over a bag, $1,000 face value, today for $1.35 a piece. That translates to 2.7 X face.

40% is discounted more than 90% silver coinage.

Condition won't matter when you are selling for melt value. Unc rolls bring the same as nasty stained ones.

TwoSides2aCoin · July 25, 2006 5:30PM

I had some mixed rolls that were selling for close to thirty dollars on ebay.
Starting at face value with no reserve and shipping cost $3.85 .
There's a market, just not a mark-up in it

edit to add:
Now that this got lifted out of the ashes, oddly, I have two rolls up on ebay this week. I did a search for "40% silver kennedy" halves, and I'll stand by my first post.
This time, I started the rolls at a penny but the shipping went up 20 cents thanks to the USPS rate increases for flat rate shipping.
Like I say... there is a market, just not a mark up. The market dictates the mark up IMO. they contain precious metal. What more drives the market besides that need for METAL or a few nice picks for collecting or re-sell ?

about a buck and a half each is the going price.

Julio · July 25, 2006 5:34PM

1,000 Face Value 40% Silver Bags (Roughly 295 Ounces Pure) Buy Price

$2,875.90

$3,125.90 Sell price.

Apme. Quote current at 3:33 am. jws

Deadhorse · July 25, 2006 5:41PM

<< <i>I had some mixed rolls that were selling for close to thirty dollars on ebay.
Starting at face value with no reserve and shipping cost $3.85 .
There's a market, just not a mark-up in it

>>

We all know fools on Flea-Bay will pay stupid money.

Just look at what they will pay for a single one ounce bar or round of .999 silver.

I don't need the headaches. I deal in volume when it comes to melt silver and don't have time for the run-around and waiting.

You can also buy modern gold commems there for less than spot if you do a little research. I've done it dozens and dozens of times.

What does that tell you about that market?

Deadhorse · July 25, 2006 5:44PM

<< <i>1,000 Face Value 40% Silver Bags (Roughly 295 Ounces Pure) Buy Price

$2,875.90

$3,125.90 Sell price.

Apme. Quote current at 3:33 am. jws >>

You also pay for shipping/insurance and you have to wait on payment. Each avenue has it pluses and minuses.

I flipped mine today for cash on the barrelhead.

Julio · July 25, 2006 5:47PM

You also pay for shipping/insurance and you have to wait on payment. Each avenue has it pluses and minuses.

I flipped mine today for cash on the barrelhead.

Deadhorse, agreed. Post was for info. only, not a recomendation. jws

LEAP269 · August 13, 2006 7:42AM

i can purchase 40% halves for $1.20 each right now. is that a decent price?

mcheath · August 13, 2006 8:25AM

if spot is above 11.00$ that is a pretty good price

Any idea what 40% Kennedys would sell for?

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