Wartime Nickels 1942-45 - Coin Community Forum

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Author	Replies: 4 / Views: 1,255
woodcr Valued Member United States 403 Posts	Posted 07/19/2013 09:06 am I have a small hoard of silver nickels from 42-45. At the time when the silver value was $1.07 I called a couple of places to see what their buy price was, one said 25 cents and the other said 50 cents, neither was a coin dealer, I will be taking them to Philadelphia in September. My question is what is a coin dealer likely to offer for them, silver value, half silver value or what Report this Post to the Staff

CGCoins Pillar of the Community United States 797 Posts	Posted 07/19/2013 09:23 am Being 35% silver, for a dealer to melt these they do not get full spot, or close to it. My local dealer explained it to me at one time, and under 80% most smelters greatly reduce what they will pay the dealer for scrap. Report this Post to the Staff
fioti Pillar of the Community United States 4212 Posts	Posted 07/19/2013 10:39 am I recently sold 200 @ 190, applied to a trade w/my local B&M. His initial offering price was laughable. I hoarded for awhile just to check for varieties. I think the war nic craze, paricularly as bullion, is petering out. You can still net about a buck via the bay, but it's not worth my time. Report this Post to the Staff
woodcr Valued Member United States 403 Posts	Posted 07/19/2013 10:45 am thanks, guess I will wait for Philadelphia, maybe make a trade there and get more than selling outright. Report this Post to the Staff
albertharris Pillar of the Community United States 901 Posts	Posted 07/19/2013 12:08 pm Remember to check for RPM's, DDO's, ect! Report this Post to the Staff
	Replies: 4 / Views: 1,255

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