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Silvercoins, Pre-64 To Melt?

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Valued Member
novillero's Avatar
United States
290 Posts
 Posted 02/24/2009  8:03 pm  Show Profile   Bookmark this reply Add novillero to your friends list Get a Link to this Reply
You might want to invest in a coin book. Some dates may be worth a lot of money, like the 1932 D and S quarters. Regardless of how accurate the book you pick is, it will still give you a general idea of the scarcity of the coin.
Valued Member
United States
187 Posts
 Posted 02/24/2009  8:20 pm  Show Profile   Bookmark this reply Add highroller4321 to your friends list Get a Link to this Reply
Any dime, quarter, and half dollar minted in 1964 or before is 90% silver. If they are common dates and arent in great condition they sell for their silver content.

This is how you figure how much they are worth

You take 0.715 * silver spot price (Right now its 13.84) This tells you how much each dollar face you have is worth (Right now it comes to $9.89)

By dollar face I mean $1= 4 quarters, or 2 halves, or 10 dimes.

So if you have $25 face in 90% its worth $247.25

War nickles are only 35% silver and usually sell at a discount to their melt value because its more expensive for smelters to get the silver out of them. Melt value right now is at about $0.78 each. My guess is you could get $0.65 or a little more at the current spot price.

Morgan and Peace silver dollars contain abount .77234 ounces of silver per coin. They rarely go for melt value! If they are just common dates and arent in good condition I think you could easily get $16-20 per coin.


I would defintly check out dates before you sell anything. Exspecailly the CC morgans because some of those are quite rare and bring a lot of money even in bad shape.

Some dates that come to mind are

Dimes 1916 D, 1921 D, 1921
Quarters 1932 D, 1932 S
Half dollars 1916, 1916 D, 1916 S, 1921, 1921 D, 1921 S, 1938D, 1955

There are more dates worth more than melt than that, but those are some of the dates to watch out for.

IF you have any questions feel free to email me or post on here.

offer to buy from member with less than 50 posts removed by staff ! Please review the rules !

I wish you the best of luck, and hope you get the information you came here for
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chris12018's Avatar
United States
2130 Posts
 Posted 02/25/2009  5:00 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
to CCF, After 50 posts you can list them for sale here, either auction style or you can put a price on it. Sounds like you may just have hole fillers for other members here. Your Morgan CC's are definitely key coins.You should take photos ro scan your Morgans & post them here. The members here will go out of their way to help with grade and attributes if they are VAMs.
New Member
United States
11 Posts
 Posted 02/25/2009  5:14 pm  Show Profile   Bookmark this reply Add what2do to your friends list Get a Link to this Reply
Thanks everyone! Wow! Helpful! Yeah, the prominent dates are the biggest help. I was going to scan the Morgans and Peace dollars front and back this morning, and my flatbed scanner is kaput. I'm getting another tonight, and I'll scan the Halves, the silver Dollars, and quarters (I'll just fill the bed and scan them, right?) and post them. I promise, I'm no dealer, I'm just kinda stuck on what to do with all this stuff, and I'm not a little nervous about having such a portable store of value around the house. Now here you folks have instilled a little sense of guilt over the melting aspect of it all. So I'll post pics and solicit opinions, if not offers. To all that answered, many thanks.

To RGGoodie, thanks for the welcome. I find I'm not able to email back, perhaps another 50-post rule, but I appreciated the nice note nonetheless!
New Member
United States
11 Posts
 Posted 02/25/2009  5:18 pm  Show Profile   Bookmark this reply Add what2do to your friends list Get a Link to this Reply
Note to Novillero, many of these are in coin books, which is why I don't have much hope for the Washington quarters being rare. The D and S varieties that were minted in relatively small runs in certain years simply weren't in the books. I will happily, however, with whatever permission is granted "fill in" anyone's collection for whatever is fair market before I sell-to-melt anything, which I now know is a bit of an anathema to a dedicated collector.

Thanks again, all.
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xshift's Avatar
United States
2669 Posts
 Posted 02/25/2009  8:26 pm  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply

Quote:
sell-to-melt anything, which I now know is a bit of an anathema to a dedicated collector.


Melt! ::shudder::

Post your questions.. those 50 posts go quick! By the time you hit 50 though, be prepared.. you might want to keep them and add to your collection instead We're here to help!
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sfwusc's Avatar
United States
615 Posts
 Posted 02/25/2009  10:13 pm  Show Profile   Bookmark this reply Add sfwusc to your friends list Get a Link to this Reply
The silver content might push the price, but most coins sell above melt.

Take the FDR dimes... The 1949s is not worth a ton, but more than melt. The only coins I think are worth melt value are 1964s below EF, F and below FDR, AG and below Mercury dimes. I think the Quarters and Halves are worth above melt if they are G4 or better (maybe some of the real common dates this doesn't apply).

Those Morgan and Peace dollars are worth more than melt if they have a date on them.

If silver goes to $50 an oz, then the above might not be true. Yet, it isn't $50 an oz yet.

-SWUSC
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wd1040's Avatar
United States
3098 Posts
 Posted 02/25/2009  10:20 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply

Quote:
$50 an oz


It did... once...
New Member
United States
17 Posts
 Posted 02/26/2009  12:29 am  Show Profile   Bookmark this reply Add Mushroom to your friends list Get a Link to this Reply
Personally I would not be in a hurry to sell any of the silver coins right now unless your in need of money. With the world economy in the dump, I would hold all of the silver that I could.
Here Is a great site with one of the very top silver analyst there is.
http://www.investmentrarities.com/tb-archives.html
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wd1040's Avatar
United States
3098 Posts
 Posted 02/26/2009  01:11 am  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply

Quote:
Here Is a great site with one of the very top silver analyst there is.


Who knows in the near term? $8? $5? But in 5-10 years (long), there will definitely be a significant gain (Probably silver to around $20-24 average)
New Member
United States
11 Posts
 Posted 02/26/2009  06:27 am  Show Profile   Bookmark this reply Add what2do to your friends list Get a Link to this Reply
Well, hearing now, that these coins are valued higher than melt, what am I to assume then, about various sites that push the notion that only a very few coins in each denomination, and only in the finest condition, un-circulated or better, have any value beyond melt? And that was just a few months back when silver for melt was running high-8s, on up to around 9.50/oz? It's up around 14 right now. What's the trick then, to avoid the retail dealers and sell only to collectors/hobbyists directly? Gawd, I hate ebay, though.
New Member
United States
11 Posts
 Posted 02/26/2009  1:10 pm  Show Profile   Bookmark this reply Add what2do to your friends list Get a Link to this Reply
BMan, I'm in Herndon, near Dulles Airport..For what it's worth

Here are some cut-down images..Whatchall think? Melt em, or are they better than that? The couple or three CC Morgans, I'm scoping around for those now. Also, a few of these coins look "cleaner" than the others, but I did nothing to them myself. They were in a coin-book holder, pressed into the dollar-sized circles, they came out just as they are..

I find from messing with them now that they're posted, that I can save em to my desktop and then zoom them pretty effectively from there. I suppose I could do the same thing with the Walking and Franklin halves, the Washington quarters, and even the Dimes, no?



Image: Silvercoins,-Pre-64-To-Melt? DollarsFront.jpg
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Image: Silvercoins,-Pre-64-To-Melt? DollarsBack.jpg
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Edited by what2do
02/26/2009 1:26 pm
Bedrock of the Community
United States
20753 Posts
 Posted 02/26/2009  1:26 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
My suggestion is to make a list of what you have. Then if you don't want to spend any money on this collection, go to the PCGS web site where they have a listing of prices for coins. Same with ebay, Numismatic web site and many others. If you want to spend a few dollars, go to a book store, coin store, coin show and purchase what is called the Red Book by Whitman Publishing. All such price listings are usually about 20% to high except ebay due to that is what they are selling for.
One of the biggest problems with just looking up the values of coins, even if you know how to grade them, is most people miss mint errors. Some error coins are so popular they are worth thousands of dollars. Of course this means you must look at each coin carefully. If you do buy the Red Book, in the back about Page 401 there is discriptions of the different types of errors. And even there they miss some such as rotated reverses.
And please remember that even the worst coin, least valuable to you, could be worth a small fortune to some kid just starting out in coin collecting.
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nod2003's Avatar
United States
3294 Posts
 Posted 02/26/2009  2:13 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
I would imagine that all silver coins are more valuable as coins up until the point that they become unrecognizable as such. Worst case would be that you sell them for silver value, but it goes up from there, especially for Morgan dollars.
Valued Member
florida's Avatar
United States
417 Posts
 Posted 02/26/2009  3:25 pm  Show Profile   Bookmark this reply Add florida to your friends list Get a Link to this Reply
I'm curious to know all the dates. Especially the Morgan dollars.
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