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 Replies: 27 / Views: 3,835 |
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Pillar of the Community
United States
4541 Posts |
just be careful with 40% halves they are hard to turn without loosing money
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Valued Member
United States
290 Posts |
Yes, they are easy to but... But sometimes hard to unload. You should buy under melt definitely, or look elsewhere.
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Valued Member
United States
99 Posts |
Admittedly I don't know anything about the refining business, but why are 40% coins supposedly more work to extract silver than the 90%? Isn't the process going to be the same? Or is it simply b/c it's a lower yield that it takes more time than it would to extract the same amount of silver from the 90%. That's probably the real reason, basic economics, but curious of there was a refining reason as well.
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Pillar of the Community
United States
1882 Posts |
Quote:
Or is it simply b/c it's a lower yield that it takes more time than it would to extract the same amount of silver from the 90%. Correct, you have to process more than twice the amount of metal to get the same amount of silver. |
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Valued Member
United States
70 Posts |
I got $2.50 each on my 40% at my local coin shop.  |
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Pillar of the Community
United States
1348 Posts |
ouch 2.5 each is pretty low. On the other hand I have heard of coin shops offering less
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Valued Member
United States
337 Posts |
hahah its funny to look back on this and how low silver was how much are people getting for these now
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Pillar of the Community
United States
1547 Posts |
The 40%s have more copper in them, copper is a precious metal, as well, and the refiners also refine that. Just something else we might bear in mind when we're offering to sell these 40%s to refiners.
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Valued Member
United States
362 Posts |
Well I think I got a good deal this past weekend. Sold $260 face with 78 war nicks, 490 Franklins and WLH, 1130 Mercs and Rosies and about 2 rolls of Washingtons for $6300.
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Rest in Peace
United States
9104 Posts |
Quote:
ouch 2.5 each is pretty low. On the other hand I have heard of coin shops offering less
You're looking at 8 month old prices. $5.84 is scrap now, so 680 = $3971.20. Heck, when I saw $2600, I wanted to know who to write the check to, then I looked at the date of the post. |
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Pillar of the Community
United States
642 Posts |
I was about to post more info until I realized it was a old post resurrected.  |
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Pillar of the Community
United States
4989 Posts |
There is a site that sounds like *** There is a reason why that site cannot be mentioned here! Please do not try to get around the filters that prevent it! *** that can be used to check current melt values of most modern issues.
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Rest in Peace
United States
9104 Posts |
Quote:
Well I think I got a good deal this past weekend. Sold $260 face with 78 war nicks, 490 Franklins and WLH, 1130 Mercs and Rosies and about 2 rolls of Washingtons for $6300. $260 face - $3.90 = 256.10 * 27 = 6914.70 + (3.9 * 36.37) = 6914.70 + 141.85 = 7056.55 $3.90 war * 36.37 = 141.85 $245 halves * 27 = 6615.00 $113 dimes * 27 = 3051.00 $20 quarters * 27 = 540.00 $381.90 face = 10347.85 Not clear what you sold, but if it was the latter, you got 60.88% of silvertowne's current buy. |
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Pillar of the Community
United States
3592 Posts |
I hope coinut had a typo in there  |
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Pillar of the Community
1283 Posts |
Wow Coinut, I also hope this is a typo. If not and you have more deals like that contact me. :)
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Replies: 27 / Views: 3,835 |
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Posted 08/03/2010 11:38 am
