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 Replies: 8 / Views: 1,322 |
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New Member
United States
41 Posts |
I hope this is the right forum (classic, not modern) and isn't too much of an inane question.
I'm starting out hoping to sell just a few silver dollars and a roll of pre-1965 quarters locally in Manhattan. I've leafed through a couple of books, and the dollars (1880, 1890, 1921, 1921) aren't considered anything special in terms of collectibility. So far, I haven't had any luck with my hopes that someone could recommend a specific dealer here in New York City, but the price I'm being offered is around $20-$21 each
Is there any reason I should look elsewhere? I've been told it would be nice to find collectors, rather than dealers, but this is on such a small scale, I don't know if that's realistic.
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Pillar of the Community
United States
666 Posts |
If you're going to sell the dollars at spot you should (at least in Oklahoma) be able to get 90% of spot.
Current spot on the Dollars is ~26.25 which means you should be looking at about 23.50 for the dollars.
Along the same lines, you should be able to get $220 for the roll of quarters.
If you searched your yellow pages for coin dealers you should be able to find a local one that would give you around these numbers. I'd call ahead and ask what they're paying for 90% silver.
OR...
if you keep hanging around here and asking a question or two every now and then... in no time flat you'd have 50 posts... which I think is what it takes to sell to a ccf member. That would increase your sell price up to at least melt if not a little bit above it.
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Bedrock of the Community
United States
10982 Posts |
Quote:
...but the price I'm being offered is around $20-$21 each...
That's low. Too low IMHO. Current melt value on 90% U.S. silver dollars is $26.23. Unless they're damaged, silver dollars usually sell at a premium to melt and you should get melt value when selling. Now if we're talking about 3 or 4 coins and you don't want to shop around, $20 or $21 might be okay. If you've got 10 or more the finding someone to pay you $26/each shouldn't be too hard. How do they look? |
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Valued Member
United States
304 Posts |
I believe it's 250 posts to sell or trade. 50 posts is to buy.
IIRC.
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Pillar of the Community
United States
968 Posts |
ebay may an option. Look up completed auctions of the coins you have and see what the average is, then subtract roughly 15% in fees, and if that is higher than what you can find locally it may be the way to go.
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New Member
United States
7 Posts |
You should have no problem selling them to someone on craigslist for melt to $30 each. Local dealers are asking $34 each for very circulated dollars here.
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Moderator
 United States
6563 Posts |
Local dealers are going to buy at Wholesale prices in order to resell them for a profit.
If you want full value or pretty darn close and you want to sell local then I suggest Craigslist. Meet in a public place with a friend and only accept cash. I've personally had 39 successful CL transactions and always recommend it.
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Valued Member
United States
421 Posts |
I would agree with Craigslist. In my area of the planet nthere seems to be someone willing to go the extra distance and pay a little better price. But if it is like 3-4 Morgans they might not come to you. You should have no problem getting a good price on ebay for the roll of quarters. I have even sold to a gut at one of the flea markets and they have no issues grabbing up what they can and giving you a good price. Oh and Welcome!~ |
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New Member
 United States
41 Posts |
Thank you for all the helpful replies! Since I'm very low-tech and can't do photographs or ebay, I am starting to consider Craigslist as a viable option. I've been fairly laid-back about going to people's homes to buy larger objects, but luckily coins can be pocketed to travel to any public place. Since this is only a few coins, I doubt anyone would shanghai me. If, as OkieSilverDude suggests, I could get $30 instead of $20, it would definitely be worth it. I did check the yellow pages right off, but came up with less than expected. And although I appreciate the suggestion, I don't think I'm well-versed enough to be manufacturing posts to run up my numbers here - besides which, if I can't take pictures, it's not fair to solicit a buyer from out of town. |
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Replies: 8 / Views: 1,322 |
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Posted 11/10/2011 6:55 pm
