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 Replies: 27 / Views: 3,534 |
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Pillar of the Community
United States
1195 Posts |
If memory serves, my dealer sells proof franklins at $5 over melt.
$125 is about the top of reasonable for the lot in my opinion.
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New Member
 United States
7 Posts |
Thanks for the advice guys. I've turned down the offer and recommended the person try to return it to the source.
I do however want to start collecting coins, with an emphasis on silver and gold (things with melt value that would be valuable in the event of, say, economic collapse).
Would collecting the franklins at a more reasonable price be a good start? Any recommended sources?
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Valued Member
United States
86 Posts |
I'm also fairly new to the hobby and think buying Franklins would be a great way to start a silver stash.
My budget is small so my buying is rather narrowly focused for now, concentrating on ASEs and dollar commems for silver. Were I to have a surplus in my coin budget I'd start a Franklin collection in a heartbeat.
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Pillar of the Community
United Arab Emirates
557 Posts |
 Joker! This site is already paying off for you. This is another reason I like it here, these guys/gals just saved you from learning a hard lesson. They educated more than just you in the process, I'm taking notes too. |
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Bedrock of the Community
13014 Posts |
What would probably fit your needs best right now is what they call junk silver. A lot of the old silver coins can be found for near their melt value and then of course theres the bullion coins like the Silver eagles. Franklins would be good just stay away from key dates. For sources theres a lot of good online sources such as provident metals, silver towne, goldmart and many others I'm sure people will chime in with. Which one is best will depend on what you are buying and how much
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Pillar of the Community
United States
3755 Posts |
APMEX is also a good place to get silver coins at close to melt prices.
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Pillar of the Community
United States
7190 Posts |
Franklin halves are plentiful and easy to find on ebay or most any coin shop. I would also suggest you get a Red Book for you to research the different varieties. As for your original post whoever was offering them to you at that price is no one to buy from.
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Pillar of the Community
United States
4901 Posts |
Not to belabor the point but you can buy the complete proof SET for those years for $30 or less each
...and you would have silver quarters and dimes to go with your half
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Pillar of the Community
United States
3453 Posts |
Franklins are also fun to cherry pick. When you are looking at uncirculated specimens, look at the bell lines on the back. Franklin aficionados find full bell lines (FBL) more desirable. My husband collects FBL Franklins at MS65 plus. For him, a clean field plus the full bell lines make the coin. If there are too many hits on the cheek or in the background, then he will pass it up. Also, he tends to like a strong eagle on the back. Many of the later Franklins can come with mushy details so finding one in the '60's with a good strike is also very desirable. Beware of plasitic - if there is a huge jump in price between MS grade, then we usually stay at the lower grade. That is our choice based on our budget. Not all TPGs grade FBL the same but you can cherry pick especially in plastic. We have on 1948 that is listed as a MS 64 that I personally feel would be a MS65 so it made it into our collection. But the reverse can happen as well, I have seen coins in a MS64 holder that I felt should be MS 63. Bottom line, this is an awesome place to post pictures. These guys really nail it and I respect their opinion over the TPG nearly 100% of the time. Have fun! Edited by CoinsKelly
11/23/2012 09:08 am
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Bedrock of the Community
United States
14454 Posts |
I haven't read all the posts because I am getting ready to head out the door but want to say Uncirculated State Quarters are not silver and worth only 25 cents a piece. There are some silver proof State Quarters but these aren't uncirculated they are proofs with a S mint mark, and just because it has an S mint mark doesn't automatically mean it is silver either as they made two versions those years, a silver version and a clad version. You have to look at the edge of the coin to see if you see the copper core or not, if you do its the clad version and not worth but a few cents over face. If it has a P or D mint mark it is only worth face value and there is no need to look at the edge because they didn't make silver versions from these mints. If this has already been discussed in here then I'm sorry but I didn't have time to read every post and also make this post so I chose the later and figured maybe I would have a little more information than was already given to help out further |
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Valued Member
United States
110 Posts |
The following site has an easy to use calculator to figure the silver value of US coins. The spot price is usually accurate within a few cents from the most recent close. ebay can be a great place to add to your silver stack, don't forget to figure shipping when you calculate your final price. Your local coin shop may be a good place to buy junk silver coins. By junk, I mean silver coins without much collector interest. It can be a lot of fun acquiring silver, just pay attention and you'll be fine. http://www. (124) Not Allowed - Auto-Removed .com/coins/silver_coin_calculator.html |
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New Member
United States
7 Posts |
I'm gonna hit up a coin shop tomorrow to check the value of some coins I have. If I see something there that I like for the right price I'll pick it up. Hope it goes well.
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New Member
United States
7 Posts |
Oh also, I know this wouldn't be terribly value or anything but I'm 10 quarters short of a complete 100 quarter State Quarter collection (I need 10 more of the Philly mint ones). I just want circulated ones. Any ideas where to look for those? |
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Bedrock of the Community
13014 Posts |
The coin shop should have them or you can go to the bank and get a few rolls of quarters and search through them till you find what you need
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Bedrock of the Community
United States
14454 Posts |
heck I am not sure where you live but where I live we get P minted coins all the time in change including State Quarters. If you look through rolls from your bank you will probably find the 10 you need pretty easily at face value |
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Replies: 27 / Views: 3,534 |
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Posted 11/22/2012 8:00 pm
