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Advice For Selling Coins From A Silver Hoard

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 Posted 06/07/2016  3:22 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list
I havent checked the Mercs yet, so many to go through. I am thinking the Kennedy halves are just junk silver, so would I price them according to their melt value or add a couple bucks to it? IE if the metal content in the War Nickels are 93 cents and the 40% Kennedy's are $2.43 currently, would asking 3-4 each be too much or too little? I don't recall seeing coins selling for exactly their melt values so that is the issue I am facing.

I collect Capped Bust halves so all these other coins can get perplexing at times, so I have to do a lot of researching. Thanks again for the tips
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 Posted 06/07/2016  4:12 pm  Show Profile   Bookmark this reply Add Steele to your friends list
post 73 more times and list them here
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 Posted 06/07/2016  4:31 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list
Is that the rule? 250 posts to sell? Ill get posting to I can show everyone all the coins haha.
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 Posted 06/07/2016  5:08 pm  Show Profile   Bookmark this reply Add Mike1487 to your friends list
I'm still waiting for silver to go up before I sell my junk bag. To me it doesn't seem like a good time to sell..
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 Posted 06/07/2016  6:23 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list
Sorry to break it to you, but getting melt for 40% silver may be the most you'll get on ebay. Any dealer you being then to, will probably pay only $2 each.
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 Posted 06/07/2016  6:27 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list
And maybe .75 for the nickels.
Iam speaking from experience, that's how much I pay the dealers. I imagine that some dealers will pay that much as well.
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 Posted 06/07/2016  9:39 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list
Thanks Big Silver for the information. There are big 25 lb bags filled with silver quarters, War Nickels, and the Mercury dimes I mentioned. Do you know of any dates in particular I should keep an eye out for (besides the 1916 Merc)?

The rest I guess I will have to sell close to melt value. A lot of coins to go through so it'll just take time. When I get around to it I'll post some pictures here to show everyone the hoard itself.
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 Posted 06/07/2016  9:41 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list
Also, for the 90% silver Kennedys, the Walking Liberty halves, the Ben Franklin halves, and the Ikes, what are reasonable prices to ask for each of those assuming they aren't any key dates etc? Melt value for those as well?
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 Posted 06/07/2016  10:42 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list
90% halves typically bring a slight bump over other junk silver in my neck of the woods, which happens to be Cleveland Browns country FYI.

Seriously though, even Kennedy's get a slight premium over junk, for instance 12.8x vs 12.5x or the like. Franklin halves don't bring much of a premium above any half dollar premium. Walkers do get a little bit more. If junk was 12.5x and they were getting 12.8x on halves, you might pay 13.5 - 14x on walkers.

40% and 35% is always under melt even at retail around me. 40% Ikes are the exception with that fantastic eagle landing on the moon reverse. Those go for a premium above melt in OGP around me.


As for selling them, sell them in groups. Group them so they are say at least $50 lots and ideally bigger.

You are paying a flat fee to ship a lot, bigger sale price equals lesser shipping cost %. Same thing with ebay fees and paypal fees like the fixed $0.30 transaction fee for using paypal.

Spread those fees, packaging costs, and shipping costs over a larger sale. You will make more money that way and do less work.
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 Posted 06/07/2016  10:42 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list
There are plenty of other semi-key dates. In Mercury dimes the 1921 and many other early mint marked ones. 1931 D and S for example. If course any date in uncirculated condition will be worth more and depending on the date could be worth much more.
I see fun times ahead for you...
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 Posted 06/08/2016  12:07 am  Show Profile   Bookmark this reply Add CLS12 to your friends list
I haven't bought junk silver in a while, but I'd imagine the 90% will get you 13-16x face. My LCS told me he only pays 2x for 40%. I've had good luck selling 40 and War Nickels on ebay in the past.
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 Posted 06/08/2016  2:00 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list
Thank you guys.

Buckeye- We can get along for now despite you being a Browns fan haha. Anyway, I assume you are talking about 12.5 * face values etc?
BigSilver- I'll keep an eye out for those as well and buy some books on them. I'm not really familiar with Mercs.
CLS- So by the rate you mentioned for 90%ers, $6-8 for each Kennedy 90% would be reasonable? The 40%ers would probably fetch way less I assume.
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 Posted 06/08/2016  8:15 pm  Show Profile   Bookmark this reply Add Imthealphaomega to your friends list
Steelers I am in NY as well. I sent you a pm if you need help.
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 Posted 06/08/2016  11:37 pm  Show Profile   Bookmark this reply Add Steele to your friends list
At my LCS I pay $7 each for nicely circulated common half dollars Kennedys, Franklins and Walkers. $1.25 for nicely circulated common dimes Rosies and mercs mostly with an occasional Barber I got two Seated dimes last week. You can post pictures in this thread and we can help you more
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 Posted 06/09/2016  3:30 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list
Here are a small portion of the coins I managed to take pictures of. There are more Ikes and Ben Franklins. I have to take pictures of the Walker halves and the steel nickels. Also about two dozen Indian Head cents and some commemoratives. Note one of the Frank halves on the bottom right looks like it could be FBL.

This Mercury dime was in great condition so I singled it out from the rest. Silver dime pile shown is from a 30lb bag. Mainly contains Mercs but the occasional Roosevelt dime is present. There are two 30lb bags of Silver quarters we have yet to find, but it is somewhere in the house. When I find them I'll post some pictures.

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Edited by Steelers72
06/09/2016 4:20 pm
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