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 Replies: 41 / Views: 4,234 |
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New Member
United States
15 Posts |
Hello,
My Mother hoarded silver coins in the early 1960's and as my Father passed in early 2022 I finally got around to removing the coins to my home.
I really need some help to figure out what I should do with about 300 pounds of silver coins. No joke....My Mom was a very intelligent womam and a VG waitress.
These are all rolled and include various types of coins,dates,mints dimes quarters havs dollars and Kennedy circulated and many uncirculated ,some clads also
There is also a 117.3 ounce SF mint unmarked bar which she received on the silver certificate turn in.
Any help would be appreciated. Edited by fast3777
08/27/2022 9:14 pm
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Rest in Peace
United States
18456 Posts |
 To CCF , 300 pounds of Silver U.S. coins ? Some inheritance !  Get yourself '' The Red Book '' a guide to U.S. coins and have fun .  |
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New Member
 United States
15 Posts |
I appreciate the " Red Book" suggestion. I guess that what I'll have to do. Is there any online worksheets? Something like cellar tracker if there are any wine collectors on here. Do these coins ever go down in value? just asking. I have read that over the years a lot of the silver coins have been melted down...True? |
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Bedrock of the Community
United States
94367 Posts |
Pretty hard to evaluate from this general description. Even if everything is bullion you're talking about $90K or so. I'd seek advice from your local coin shop. to the CCF! |
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Pillar of the Community
United States
1489 Posts |
At 300 lbs x 16 oz/lb x 90% silver x $19/oz of silver, that's over $80,000. Wow. Take off a little for any clad or 40% silver (half dollars from 1965-69). There may be a few gems mixed in, but most would likely be worth spot silver price. Definitely get some help in evaluating, just in case something valuable is lurking. Will take time & effort. Alternative would be to dump everything to a reputable coin dealer for spot silver price. Most would envy your predicament.
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Pillar of the Community
United States
1489 Posts |
Like any precious metal, silver has ups and downs in price. Despite melting of U.S. silver coins through the years, there are still generally plenty of specimens for collectors.
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Bedrock of the Community
Canada
24885 Posts |
To the Forum. |
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Bedrock of the Community
United States
19155 Posts |
Fascinating conundrum. Feel free to post a few large and sharp pics of some of the better coins in the hoard. There may be a gem/rarity or two in there which could attract some attention.
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Rest in Peace
United States
18456 Posts |
I wouldn't be so quick in selling the whole lot for spot silver , you can have some key and semi key coins in there . I would take my time unless you need the money . How are those coins kept /? Loose in bags, in plastic tubes , in coin folders and albums , in 2x2 holders ,etc ?  |
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Pillar of the Community
United States
1316 Posts |
IMO silver has some room for upward movement. If there is no rush, enjoy going through it for any valuable dates/mm while you wait. The whole pile is worth a lot now, but at $25 instead of $19, its a 6-digit payday. (Of course there is room to go down too, but I'll be an optimist today.)
Time is money, and I think the more time that you put into sorting it out, the more premium you stand to make on it. Know exactly what you have. Knowledge is power. Don't get lowballed buy a buyer because you't know what you have and they discount you in their risk.
Edited by Collects82
08/27/2022 8:56 pm
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New Member
United States
15 Posts |
Thanks for all the input.these coins were all stored in paper wrappers that the banks had. I really am In no hurry to sell these. This seems alot different than the gold bullion coins I sold last year. The amount here is a little daunting,as I'm 69 years old. But I am retired so it would be a good project to inventory all these. I wouldnt want to receive melt price. There are a lot of uncirculated 1964 Kennedy halves. The coin dealer I sold the gold to last year seemed to be knowledgeable Maybe I'll pull some rolls out of dimes,quarters,halves and have him grade them and see what he offers. Like all said it's a nice problem to have Edited by fast3777
08/27/2022 9:18 pm
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Pillar of the Community
United States
1489 Posts |
Best of luck to you. Patience will be rewarded, I think.
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Moderator
 United States
34409 Posts |
Quote:
There is also a 117.3 ounce SF mint unmarked bar which she received on the silver certificate turn in. That sounds like quite a brick of silver! That one might be better sold to a bullion dealer. APMEX perhaps? Also, welcome to CCF. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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New Member
United States
15 Posts |
Just as a aside I was given the bug for precious metals by my Mom. Who reads Franz Picks World currency yearbook when in high school?
They can't keep printing money by the trillions and not have real money in a bull market. When gold and silver bottom in the present cycle,people will always want a store of value. The BRICS nations are hoarding gold for a reason.
Edited by fast3777
08/27/2022 9:44 pm
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Pillar of the Community
United States
5830 Posts |
Wow! That is over 4,900 ounces of combine silver weight over $90+K.
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New Member
United States
15 Posts |
I pulled a few Washington quarters out of a roll and 2 were 1964 d' and a 1944 s So this will be a interesting journey. Edited by fast3777
08/27/2022 10:10 pm
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Replies: 41 / Views: 4,234 |
Posted 08/27/2022 6:57 pm
