Silver Junk you Say?? I'll buy it pre-1965 coins

[midwesterner (banned)]

Junk you Say?? I'll buy it pre-1965 coins

Well since many that doubt metal as a winner, I'll buy your coins and I'm sure others will. Here's your place to offer up a deal. All transactions can be done in private auctions on ebay, using pay pal.

I'll offer $1 dollar for all pre-1965 Quarters, and .30 cents for every Pre-1965 dimes. I'll pay for shipping so long as there is enough to make the offer worthwhile.

I'm paying three times the face value of your coins, and I'm sure many others will too. Here your place to offer up a sale.

[Deleted]

Nice.. ... I'll go through my piggy bank at home..

[Value Buy]

Out of curiosity, what is the exact open market price on pre 65 coins?
Five times face value?

[Deleted]

Silver coin values below are based on the closing bid price at the NYMEX. These coins were in standard circulation until silver was removed from all coinage in 1965 and 1970 (40% silver half-dollars). The values below only reflect the silver value, not rarity or numismatic value. This table should only be used as a guide for buying and selling silver coins. All values shown in USD.

Coin value calculations use the 11:00 AM EST silver price for February 01, 2011:
Silver $28.16/oz 0.11



Description Face Value Silver Value
1942-1945 Nickel * $0.05 $1.5843
1916-1945 Mercury Dime $0.10 $2.0370
1946-1964 Roosevelt Dime $0.10 $2.0370
1916-1930 Standing Liberty Quarter $0.25 $5.0926
1932-1964 Washington Quarter $0.25 $5.0926
1916-1947 Walking Liberty Half Dollar $0.50 $10.1853
1948-1963 Franklin Half Dollar $0.50 $10.1853
1964 Kennedy Half Dollar $0.50 $10.1853
1965-1970 Half Dollar (40% silver) $0.50 $4.1646
1878-1921 Morgan Dollar $1.00 $21.7803
1921-1935 Peace Dollar $1.00 $21.7803
1971-1976 Eisenhower Dollar (40% silver) ** $1.00 $8.9051



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[guest]

One dollar for pre 1964 quarters? Thats big of you, considering that at current silver prices, the melt value is over $5.00

www.coinflation.com/coins/1932-1964-Silver-Washington-Quarter-Value.html

[Value Buy]

Feb 1, 2011 11:36:20 GMT -5 @guest said:

One dollar for pre 1964 quarters? Thats big of you, considering that at current silver prices, the melt value is over $5.00

www.coinflation.com/coins/1932-1964-Silver-Washington-Quarter-Value.html

Hey, he never claimed he was paying anyone market value.

What with postage and insurance.........

[decoy409]

Example: Local coin shop is selling silver dimes here. 10 for $21.50 (and tax).

[Deleted]

How many do I have to have to make shipping them worth it and am I likely to find any in my piggy bank or are they pretty rare?

[midwesterner (banned)]

How many do I have to have to make shipping them worth it and am I likely to find any in my piggy bank or are they pretty rare?

See what you come up with, and I'll make you an offer based on that.

[Deleted]

Archie

You will find one occasionally...but yes they are becoming rare.

Most cashiers at banks have begun to recognize them...and as they see them, they exchange them for a regular coin in their pocket

What people find is that as old cans, or piggy banks are opened...a few coins may be in the mix

Coin dealers are always on the lookout for them....for rarity and silver value

[Value Buy]

Feb 1, 2011 11:57:09 GMT -5 @gdgyva said:

Archie

You will find one occasionally...but yes they are becoming rare.

Most cashiers at banks have begun to recognize them...and as they see them, they exchange them for a regular coin in their pocket

What people find is that as old cans, or piggy banks are opened...a few coins may be in the mix

Coin dealers are always on the lookout for them....for rarity and silver value

Yes, but what will they actually pay you compared to the resale value?
My few inquiries, are vast discrepancies between bid and ask.

[traelin0]

As a coin collector, I can tell you that much can be learned from both mintages and bullion sales. This is an example of the latter.

mintnewsblog.blogspot.com/2011/02/quick-us-mint-updates.html

[mikec]

Frank... it is only a transaction if you find someone that will do it.....
Do you really think he can find anyone who will take $1 for a 25 cent piece that has .225 ounces of silver in it...... or roughly $5 worth of silver

the people involved it this insanity of sorts seem to mistake a simple principle....

I and others are not presently buying Silver and Gold at this time....
I find ( me personally,,, my own idea) the price to be too high
I bought a pile of Silver over the years at $4,,, $5,,, an ounce ( NOT A PENNY MORE)
I bought a small stash of Gold ( < 10 ounces) at $375

They thing that if people like me and you and others are not SO commited to the Gold and Silver we have,,, That we are not willing to buy more at completly insane prices,,,,,

We should give away what we hold....... Makes sense,,,,,, RIGHT

[mikec]

Another way to look at this is.

Mid is not so commited to Silvers continued rise in price as he would like to let on.....

He is offering a price that he is SURE 100% SURE he will not lose money on.....

If he offered what it is worth right RIGHT NOW $28 an ounce,,,, EVEN $25 an ounce... He is commiting him self to the fact that he is willing to put he money where is mouth is...

By offering $4 an ounce, he shows his true colors as to where he thinks Silver will wind up and what it is truely worth....

[texasredneck]

A point which has not been mentioned is weight. Silver coins in order to sell for the published prices for silver bags must meet a minimum weight. A lot of early U.S. silver coins are so worn from circulation that it may take several to meet the weight of only one newer one. So buying coins sight unseen is a risk.

[texasredneck]

I ask moonbeam several weeks ago about starting a thread for the sale or exchange of various items and she said she was not sure she wanted to go there and did not know if proboards policy would permit it.

[midwesterner (banned)]

Another way to look at this is.

Mid is not so commited to Silvers continued rise in price as he would like to let on.....

He is offering a price that he is SURE 100% SURE he will not lose money on.....

If he offered what it is worth right RIGHT NOW $28 an ounce,,,, EVEN $25 an ounce... He is commiting him self to the fact that he is willing to put he money where is mouth is...

By offering $4 an ounce, he shows his true colors as to where he thinks Silver will wind up and what it is truely worth....

Oh give me a break. You boys said it's junk over and over, I say it's not. If you can't part with something 3-4 times the face value then it's not junk, and reason to hold. Otherwise you'd have jumped on such an offer in a heartbeat.

What a bunch of word twisting weasels you are. Mike, I was wrong about you, your just as bad as the rest.

[Tesla_DC-meme]

Mike, I was wrong about you, your just as bad as the rest.

Just like with your way under value offers to buy, you are obviously understating your opinion of Mike.

After Mike eviscerated your lame attempt to use reason, you likely find him to be much much worse than the rest. ;D

[mikec]

I never said Silver was junk.... PLEASE find an example and I will apoligize....
I never said Gold was junk....PLEASE find an example and I will apoligize AGAIN...

What I said is I would not buy Gold at $1300+ an ounce....
What I said is I would not buy Gold at $25+ an ounce
What I said was " if MID is offering $4 an ounce for Silver that is what he really thinks it is worth" What he is willing to pay

I stand by all 3 statments..... Have a nice day!!!

[domeasingold]

Let's see. gdgyva posted a list with his calculations. Looks like some of the pre-war stuff is going for 20X the face value. So if I went out today and sold all my coins it sould be a good return? Then Decoy says the coinshop in his area is selling 10 dimes for 21.50. Still 20X face value. Why trade on ebay? Go to your local coin shop. But I know they wouldn't give you the 20X return. How much will they pay?

[mikec]

pre war???

pre 1965 coins are 90% silver... Silver was always "set" at $1 an ounce
$1 in pr4e 1965 coins have .9 oz of silver

1965 to 1969 (or so) Kennedy 1/2 dollars have 40% silver or .2 an ounce
a lot of ike dollars from SF were also 40% silver and sold in sets unc or proof

ALL other modern US coins are clad copper clad... look at the edge, you see copper
NO Silver..... No post war, pre war pre 1965,,,, post 1965

[domeasingold]

So Mike, what you are saying is that the 1890 through 1903 Morgans I have are worth $25 for the silver content not looking at the value based on rarity?

[mikec]

YES

[mikec]

BUT mid will give you $4 a piece for them if you are nice

[traelin0]

Feb 5, 2011 19:19:34 GMT -5 domeasingold said:

So Mike, what you are saying is that the 1890 through 1903 Morgans I have are worth $25 for the silver content not looking at the value based on rarity?

It depends on the VAM variety that would be assigned to the particular Morgan or Peace dollar in question. It would also depend on its condition and mintage and it is certainly NOT carte blanche just worth melt.

Don't listen to people who aren't numismatists about American silver and gold coins, including 99.9% of the people on MT who bash gold and silver out of pure ignorance (by the literal definition of the word).

See below for more information. Note: If you have questions about specific issues, I can point you in the right direction but unfortunately I do not have the time to evaluate each issue. The other piece of advice I'd give you is to hold onto your gold and silver, particularly if it was issued by the US Mint.

www.vamworld.com/

www.pcgs.com

www.ngccoin.com

[mikec]

0 the question was
Morgans I have are worth $25 for the silver content not looking at the value based on rarity

They ARE worth APROX; $25 in silver.... Simple as that

Don't "assume" a person making that statment has no numismatic background.... I have been collecting coins since the early 60s
I have a very nice set of Morgans many pcgs from MS-60 to MS-65....
I also collect Peace Dollars though they are not in as nice shape as well as Franklin and Kennedy 1/2 dollars

I also have several complete sets of IKE doolars and I concentrate on buying Blue Ikes in the best condition I can find and have MANY that are pcgs rated...

BUT the simple question was....Morgans I have are worth $25 for the silver content not looking at the value based on rarity.... the answer was YES




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[vl]

The problem with collecting coins for rarity value right now is that many hoarded vaults of them are uncirculated and uncatalogued, so you don't know the actual rareness. Roman coins I had were an excellent hedge until they were dug up by the bucket full in Bath, England. The value dropped to metal scrap.
Right now... we are dealing with too many "BIG" dominations and until we pass through them to more honest and forthright times, the best hedge we've got out here is-- desirability.

[domeasingold]

Gentlemen

Thank you for your kind submission of information regarding coin value.
Yes Mike the question referred to silver content and relative metal value. Thanks for your support on that issue.
Although I am not even an amateur numismatist, I do have a small collection of coins either handed down from family or collected by me. I have no intention right now in liquidating any because of the inherent personal value.
I do have some WWII Hawaiian dollars and military script that I cannot find what collectors value is.

[itstippy]

Collectors are weird.

Offer a comic book collector a brand-new reprint of the original Superman comic book on top-quality paper and with vibrant colors, and he's not remotely interested. Offer him an original on the crappiest of paper with faded low-quality ink and he'll go nuts and start throwing $100 bills at you.

A really poor Picasso doodle done on a cocktail napkin with a barfly's eyeliner pencil when he was dead drunk is worth megabucks. An outstanding original oil that took an extremely talented local artist six months to create can be had at the art fair for a little over the cost of the paint & canvas.

Don't sell any silver coins until you let someone who knows what's common paw through them. One rare coin could be worth all the common ones combined, if it's the right coin. Just have some amateur buddy dig through them and sort out all the known common coins. Sell those. Keep the rest. Some collector might trade you his new car even-up for that one coin where Lincoln is clean-shaven.

[Tesla_DC-meme]

What a bunch of word twisting weasels you are. Mike, I was wrong about you, your just as bad as the rest.
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Weasels!