So I Found A Sack Of Coins... - Page 3

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Author	Replies: 35 / Views: 5,374	Page: of 3

surf22 New Member United States 18 Posts	Posted 06/11/2011 12:32 am You can get $27 for each of the silver dollars. That is $23 for the silver value and $4 extra because they can easily sell the silver dollars. You can follow the "spot" silver prices on silver/metal websites . They pay apx 63% of spot (then add $4 for silver dollars). Local coin clubs are a great place to meet people who know about coins. Report this Post to the Staff
Gyrene7483 Pillar of the Community United States 1704 Posts	Posted 06/11/2011 12:58 am Quote: ok so the local coin guy said for the lot about $80 That wasn't exactly a fair offer, the Trade dollar in its present condition is worth about that. His feigning disinterest is what dishonest dealers do so they can try and get away with low balling people who don't now the value of their coins. The four Morgan dollars you should get no less than 28.00 each from any honest dealer. Common date circulated pre 1921 Morgan dollars retail for $34 - $40 depending on condition VF - AU and 1921 Morgans go for $1.00 less in each grade. ANA LM-3175 Report this Post to the Staff
SIRFORDSTER New Member United States 47 Posts	Posted 06/13/2011 10:24 pm The Trade dollar looks like a molded coin. Look at the outside edge of the coin it looks like a seam to me. Have you tried to see if a magnet will stick to it? I have the same year and mint mark and its magnetic. If it is 90% silver it won't be magnetic. Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 06/13/2011 10:59 pm Quote: His feigning disinterest is what dishonest dealers do so they can try and get away with low balling people who don't now the value of their coins. That may apply to a US dealer but take note that the OP is in Australia where a dealer may not have much familiarity or interest in US coins. Many US B&M dealers will only pay a reduced percentage of silver value on foreign coins simply because many refiners do not accept non-standardized silver without assay fees and the dealer does not know how long a foreign coin may sit in a case before selling. Stagnant inventory= lost money on stuff that could have sold five times over. It would not surprise me that non-US dealers might have the same attitude about US coins. Edited by biokemist6 06/14/2011 11:12 am Report this Post to the Staff
w1a9c8k5 Pillar of the Community United States 1348 Posts	Posted 06/14/2011 08:26 am heck I'll give ya $100 LOL Report this Post to the Staff
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