Beware! Read my newest Post on 2/19/08

YaHa · February 2, 2008 6:02AM

xxxxxxxxxxxxxxx Beware!! read one of my newest posts.

coinpictures · February 2, 2008 6:07AM

Edit. Way off....

tahoe98 · February 2, 2008 6:11AM

probably 9.50 once they are holding them

cinman14 · February 2, 2008 6:11AM

13.15 per coin is melt at 17 dollar spot.

Good luck

Coxe · February 2, 2008 6:13AM

Some of the highest premium Morgan and Peace dollar VAMs are among the most common dates. Several of them are not known above AU even.

And $17/oz is $15.30.....before you consider wear loss.

sinin1 · February 2, 2008 6:16AM

verbal promises are no good

they will say the price has just gone down and it took too long to get your stuff.......

I hope you get your coins back, or at least $10/

HonoluluDude · February 2, 2008 1:42PM

Purple? I'd guess 63.

Unknown · February 2, 2008 1:54PM

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savoyspecial · February 2, 2008 1:59PM

>>old unwanted silver dollars>>

i'm unfamiliar with this term

greg

direwolf1972 · February 2, 2008 2:00PM

Next time you want to dump any morgan or peace at melt PM me and I'll buy em.

claychaser · February 2, 2008 2:01PM

What do you bet that NONE of these get melted?

More "retail" stock after taking out the good ones...

Meltdown · February 2, 2008 2:06PM

These are safe in a safe.

options26 · February 2, 2008 2:09PM

<< Some of the highest premium Morgan and Peace dollar VAMs are among the most common dates. Several of them are not known above AU even.

And $17/oz is $15.30.....before you consider wear loss. >>

Exactly what I was thinking. Anyone want to sell F-AU silver dollars at melt, please PM me.

I will even go as far as to say, I will spend my time searching them and if there are any mega rarities, I will sell them and send you another check for half of what it sold for.

luckyman · February 2, 2008 2:32PM

I wish I had a nickel for every dollar I saw in that bag.....

Deadhorse · February 2, 2008 6:16PM

They won't be melted. Silver dollars always carry a premium at retail.

They will be weighed and rounded back such that you will end up short a few Silver Dollars.

With silver spot at $16.79, if they were unc, you'd get $12.93 each. They will hit you with the wear as a reason for a lower price on top of their weighing them.

I think you'll be lucky to get $12.50 each.

I'll bet you even had to pay shipping and insurance.

They will be sold to unsuspecting buyers and I'll bet they make well over 50% in the process.

Next time, just PM me. I would have paid fair market value and covered the shipping and insurance. For me that's a write off.

I'm really sorry to hear you did this. Big mistake, no matter if silver stays where it is at or goes up.

For anyone else............... Never do this!!!

They have already lied in telling you they will be melted, that's simply not going to happen, they aren't stupid.

What else do you think they will lie to you about? Let us know what you finally received per coin.

I don't for a minute believe they will pay more for better grades, "because they will price according to value" as you put it, and then melt them.

Does that even make any sense to anyone around here? That should have been a give away right there!

BAJJERFAN · February 2, 2008 11:49PM

<< In one respect this is pretty horrendous to destroy these coins, the history and the fact that kids won't get a chance to see them. On the other hand the more that are removed the more valuable the survivors are going to be. >>

Actually it would be nice if the mint would start buyin these up and melt them and re-issue the basic series.

After reading this thread if twas me I'd recall the shipment if possible.

ElKevvo · February 3, 2008 12:04AM

I suppose anything with possible intrinsic value above and beyond the melt value would get peeled off and dealt with separately. Some dollars might end up at a smelter just because the person disposing of them needs the $ or has no other way of separating out the good from the bad. There are a lot of $ that are in bad shape and won't be saved...

Personally I could never send $ to be melted just because I attach some value to the history etc. but that is a reason I would make a really lousy coin dealer! If you separate the economics from the numismatics the $ are just based on the silver content and off to the smelter they go!

K

PerryHall · February 3, 2008 12:07AM

YaHa---Good luck and let us know how you make out. If they low ball you, tell them to send them back. You should be able to sell them for a fair price on the BST forum.

Scavenger · February 3, 2008 12:16AM

I went to www.COINflation.com and ran the numbers with the current price of silver being $16.79 an ounce.

158 Morgan dollars - $2051.82

110 Peace Dollars - $1428.49

Total - $3480.31

This price has nothing to do with the condition of the coin, melt value only.

Vet · February 3, 2008 12:29AM

Here is a good place to find out melt value.melt value

BBQnBLUES · February 3, 2008 1:04AM

<< These are safe in a safe.

>>

Oh Man, I'd LOVE to own a bag of Morgan's like that !!! Just something about a sack of old Silver coins that makes me drool

I'm still trying to put together a sack of 1,000 XF-AU's dated 1899 & earlier....

ricko · February 3, 2008 1:53AM

I do not think I could ever send my Morgans to melt... would rather give them to YN's... too much history there. Cheers, RickO

lope208 · February 3, 2008 2:07AM

<< I suppose anything with possible intrinsic value above and beyond the melt value would get peeled off and dealt with separately. Some dollars might end up at a smelter just because the person disposing of them needs the $ or has no other way of separating out the good from the bad. There are a lot of $ that are in bad shape and won't be saved...

Personally I could never send $ to be melted just because I attach some value to the history etc. but that is a reason I would make a really lousy coin dealer! If you separate the economics from the numismatics the $ are just based on the silver content and off to the smelter they go!

K >>

As a YN, that's exactly how I feel...I only have a couple handfuls of old silver dollars, some are holed, some are great. But I couldn't bring myself to melt them for 12 or 13 bucks each. I just like holding something that's so obsolete too much.

lope208 · February 3, 2008 2:08AM

<< I do not think I could ever send my Morgans to melt... would rather give them to YN's... too much history there. Cheers, RickO >>

Wow, Rick, I hadn't even seen your post yet. If you ever want to part with some let me know

YaHa · February 3, 2008 2:52AM

<< What do you bet that NONE of these get melted?

More "retail" stock after taking out the good ones... >>

You are prob right, prob see them at a fleemarket gettting $25 a pop.

YaHa · February 3, 2008 2:57AM

<< I suppose anything with possible intrinsic value above and beyond the melt value would get peeled off and dealt with separately. Some dollars might end up at a smelter just because the person disposing of them needs the $ or has no other way of separating out the good from the bad. There are a lot of $ that are in bad shape and won't be saved...

Personally I could never send $ to be melted just because I attach some value to the history etc. but that is a reason I would make a really lousy coin dealer! If you separate the economics from the numismatics the $ are just based on the silver content and off to the smelter they go!

K >>

I do have a huge amount left in my slabs and will never get rid of them, but if you figure slabbing price versus melting price and history of the coins, I believe strongly in history also, trying to put back some money that I have spent of coins in my lifetime. I should make atleast 50% profit after buying these a $5/6 a pop through time.

steamer · February 3, 2008 4:26AM

Hi 158 Morgans at todays melt price of 16.79 a troy ounce will bring you a total of $2051.82 . 110 Peace dollars will bring you $1428.49 a grand total of $3480.31. Just go to coinflation. com Good luck and have a great day.

pontiacinf · February 3, 2008 8:37AM

good ridence to what ya sent in, but if I catch you messing with any jeffersons...

gamehunter · February 3, 2008 8:54AM

Doesn't "yaha" mean imbecile in Filipino?

UnderbredFred · February 4, 2008 5:34PM

<< Doesn't "yaha" mean imbecile in Filipino? >>

lol....thats funny sh--! Now about this thread: You have got to be kidding? How could you send in ANY morgans or peace dollars for that matter to be melted? If you need the cash call APMEX. Theyll give you way more then any crooked ass refinery. You must have gotten up on the stupid side of the bed that day! Which I can relate too for sure as I've been known to do the same....but man don't take it out on your coins dude!

ccmorgan · February 4, 2008 5:56PM

I could never let anyone melt even the most common silver dollar. '21 morgan, '22-'23 peace....

jdimmick · February 4, 2008 9:54PM

If you read my other post, you will know I melt the he!! out of stuff like const $, statue commems , gw half's, silver proof state quarters, etc, but I dont melt $, unless they are damaged becuase they will bring a premium to silver in most cases

DrWho · February 4, 2008 10:02PM

how many Frankies are making it to the pot, do y'all think?

vplite · February 4, 2008 10:19PM

<< 

<< These are safe in a safe.

>>

>>

Sweet looking bag of junque silver dollars. The bags or half bags ($500 face) used to be popular circa. 1980. Has that changed?

My favorite B&M dealer made a market in them, buying at he price of an ounce of silver and selling for a buck more. This was sometime in the 80s when they were around $10.

He would let me cherry pick, alway a fun thing to do on Saturday morning. I still have those common F - XF cartwheels.

eyoung429 · February 4, 2008 10:47PM

I would have to quote Dr. Phil "Are ya stoopid???"

Why in the name of everything would you not have posted them here?? Do you know that you have probably destroyed at least 20-30 TOP VAMs when you did this????

Un-Friggin believable......

vplite · February 4, 2008 10:51PM

<< I would have to quote Dr. Phil "Are ya stoopid???"

Why in the name of everything would you not have posted them here?? Do you know that you have probably destroyed at least 20-30 TOP VAMs when you did this????

Un-Friggin believable...... >>

Those $ in the picture were not those sent in for melt.

WinPitcher · February 4, 2008 10:55PM

Not to pile on but if you needed cash their are other ways.

Steve

eyoung429 · February 5, 2008 1:33AM

<< 

<< I would have to quote Dr. Phil "Are ya stoopid???"

Why in the name of everything would you not have posted them here?? Do you know that you have probably destroyed at least 20-30 TOP VAMs when you did this????

Un-Friggin believable...... >>

Those $ in the picture were not those sent in for melt. >>

Um, I was posting to the op.

MrEureka · February 18, 2008 2:09PM

So how did this work out?

Ray261 · February 18, 2008 2:16PM

I almost hate it when people send fine pieces to be melted. I know alot of people who love collecting but can't afford the higher prices so they try to settle for fine to extra fine. And most of the time that group includes me. So if your will to sell a few of those coins for melt, how about checking with the boy scouts and some of the local coins clubs to see if anyone fits into that catagory. I hope you wallet is fat and a big smile that you did well.

Sorry for the tangent,

clarkbar04 · February 18, 2008 2:18PM

Maybe we'll see the OP in his own commercial, "I got $1500 for my scrap silver".

blu62vette · February 18, 2008 2:57PM

Why dont people use the BST? I needed about 80 of these....

BECOKA · February 18, 2008 3:14PM

You will have to let us know how you faired.

I could not do that, the ones I have my Grandfather collected while he was in the merchant Marines. They had to convert cash to coin every time they boarded ship. When he got home he would just dump them into a bucket.

Overdate · February 18, 2008 3:24PM

If you read my other post, you will know I melt the he!! out of stuff like const $, statue commems , gw half's, silver proof state quarters, etc, but I dont melt $, unless they are damaged becuase they will bring a premium to silver in most cases

How about plats?

Beware! Read my newest Post on 2/19/08

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