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Pillar of the Community
United States
6326 Posts |
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Valued Member
United States
429 Posts |
My local dealer sells his junk silver anywhere from 10-12x face value depending on what it is. Almost everything is broken down into types and put into a plastic tube and sold that way. He will match and mix as much as you want and does it for the same price. I can not break down and buy it because I usually find something to put into my collection instead.
I would say that depending on what is in the mix it may be a good buy. If you remember what was in there look up the prices and see if it feels fair or not and go from there. If there are some coins that are higher grade like you said then it may be worth it to see if he will let you cherry pick through them, but if most of them are beat up then pass on it.
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Bedrock of the Community
United States
20753 Posts |
Quote:
mix up Eisenhower and Roosevelt all the time
Not sure why.....
Probably due to they are both ex presidents and both now deceased. The Roosevelt Silver Dollars are really hard to find you know. And Jefferson Quarters have been really climbing in value. So why all the fuss? |
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Bedrock of the Community
United States
20753 Posts |
Thad, my opinion is you should have not gone for this one. Not sure how many were damaged since you mention bent and damaged coins. The ones that are not damaged in some way or other you may want to really look over for any possible error coins. Otherwise, I think you should have passed on this one. Damaged coins are difficult to get rid of unless you know a jeweler that melts Silver.
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Pillar of the Community
United States
2049 Posts |
If you can get junk silver right now at 10-11x face, then you should jump on it. APMEX was paying roughly 12x face to buy from people so if you have enough, you can make a small profit. |
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Pillar of the Community
United States
6326 Posts |
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Pillar of the Community
United States
1130 Posts |
Quote:
Looking through them I saw: merc dimes, eisenhower dimes (many looked MS), wash quarters, JFK/Frank/Walking halves. Those Eisenhower dimes must be worth a lot of money  Edited by 1sikevo
08/01/2008 4:55 pm
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Pillar of the Community
United States
1000 Posts |
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Pillar of the Community
United States
6326 Posts |
I like the design of the "Lincoln Quarter" the best out of all those.....  |
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Rest in Peace
United States
9104 Posts |
Want to really annoy a dealer? Ask him what he charges for a bag of scrap silver. Then tell him you want to buy a roll of Frankins or WL for that price, pro-rated.
Keep in mind that the scrap price is exactly that. A bulk price for junk of the seller's choosing. Expect to pay more if you have specific needs, or want to buy in dribs and drabs.
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Bedrock of the Community
United States
20753 Posts |
Quote:
I wonder how much a bunch of "Hamilton" dimes would go for.
Hamilton dimes
WOW, am I glad I read this post. There are actually many of the Hamilton Dimes there for my collection. Hey Thad if you did get those coins always check out the Mercury dimes for rotated reverses. Many are anywhere from a few degrees off to almost 90 degrees off. |
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Valued Member
United States
442 Posts |
biggfredd
Asking bulk then asking specific doesn't really annoy a dealer that much I'm afraid.
You already gave the answer - it will cost more.
Think about it. If you walk into a butcher shop and ask the price of a whole cow by pound then expect the same for only the T bones what will they tell you? It costs more.
You're not an annoyance at this point. You're an idiot.
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Rest in Peace
United States
9104 Posts |
Been a dealer for 40+ years. Trust me, the third time in a day you have to explain that "junk silver" doesn't mean they can pick pre-21 Morgans, it's annoying.
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Valued Member
United States
442 Posts |
biggfredd  You sound like my boss. So do you try that at the buthcher shop? |
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Rest in Peace
United States
9104 Posts |
Not if they have knives handy.
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Posted 07/30/2008 1:41 pm
