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 Replies: 21 / Views: 2,557 |
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Bedrock of the Community
 United States
11951 Posts |
Quote:
I recently bought a world silver coin myself for melt. It was a 1941 Fiji Florin. I only bought it because it was silver, but as it turned out, it was only 50%. You win some, and you lose some, and I have no doubt that this will be the case for your coins here. Some will disappoint, but some will astonish All of these coins I looked up the Actual Silver Weight (ASW) in the World coin guide (Krause) and bought them based on just the silver weight. I don't have the weights for these coins right here. But for example a 1958 Canada dollar has a ASW of .6000 Today silver was around $23.00 per oz. $23.00 x .6000 = $13.80 This is how I figured out what melt is for these coins, so I am pretty sure all these I bought today, I got for melt. Edit: I live in small town Florida, near Pensacola Florida. Three of these coins, France/Peru/South Africa, had been sitting in a display case for at least 2 or 3 years. No matter what the listed value of these coins are, they don't sell well here. Last week I saw some really nice coins from Mexico, large coins 5 and 25 peso. I asked about them today, they had been sent off to be melted. A few of those looked UNC. Edited by GR58
08/20/2013 10:09 pm
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Pillar of the Community
Canada
2805 Posts |
Oh no!!
I love world silver. I dig it out of melt bins, mixed bins (for below melt), and those dodgy gold buyers' shops. The 2-real coin is certainly worth more than melt, the Japanese one also seems to go for slightly more (actually - that was my most recent world silver find out of a bin not meant for silver), and almost everything you got looks like a good buy.
World coin grading is much better to me than the picky form of American Sheldon grading. There are only two Uncirculated grades (Unc and BU), and they correspond to "shiny" and "perfect" (with certain other requirements). Or at least, this is how I think it goes.
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Bedrock of the Community
Australia
21788 Posts |
Yoshi: The Fiji florins are mostly .500 silver, except for some wartime issues.
They were in .900 silver. They are easy to spot. The .900 coins were all struck in U.S. Mints, and carry either a 'S' or 'D' mintmark.
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Moderator
 Australia
16874 Posts |
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1952 South Africa 5 Suid That's "5 shillings", also known as a "crown". "Suid" is Afrikaans for "South". Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United Kingdom
2897 Posts |
Krause, which is the book I assume you have, is great for a general guide for world coins but some prices are way off. I find that lesser coins tend to be over priced and moderate to expensive coins tend to be underpriced (with numerous exceptions) Hunting for sold coins on ebay will give you another source of information that can help value something. |
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Bedrock of the Community
United States
11951 Posts |
Five shilling
Sap ... Thanks I corrected that
I should have known that ....my head has not been real clear lately
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New Member
South Africa
12 Posts |
The 1952 South Africa 5 shillings looks like AU . How much did you pay for GR58 ?
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Bedrock of the Community
United States
11951 Posts |
Quote:
The 1952 South Africa 5 shillings looks like AU . How much did you pay for GR58 ? $10.45 |
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New Member
South Africa
12 Posts |
That's a good price . Nice pick well done .
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Pillar of the Community
Canada
2805 Posts |
Except the Markka - I think that's only 35% silver.
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Bedrock of the Community
United States
11951 Posts |
Quote:
Except the Markka - I think that's only 35% silver I am not sure what you are saying |
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Pillar of the Community
Canada
2805 Posts |
If you bought them all assuming they were a certain percentage of silver (50 or more?) then that one is low purity, which would lead to a bad deal.
But I don't actually know how they were priced.
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CCF Master Historian of USA Commemoratives
United States
12332 Posts |
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If you bought them all assuming they were a certain percentage of silver (50 or more?)... GR58 stated that he checked the actual silver content of all the coins before purchasing them, so it looks like he knew exactly what he was buying. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Bedrock of the Community
United States
11951 Posts |
How I look at this coin
Total weight - 6.4G / .350 fine / ASW .0720
$23.00 X .0720 = $1.65
I paid $1.65 for this coin
What I am trying to do is get a different silver coin from different countries.
I hope to have albums (someday) that will be grouped by continents.
Edited by GR58
08/21/2013 8:53 pm
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Pillar of the Community
United States
3347 Posts |
GR58, I got some great foreign silver for melt from a coin dealer in Bradenton 5 years ago. You're right; these coins don't have a lof of following in the US. It was at a time when I was interested in UK sterling and non-US Trade dollars. I've sold most of the junk sterling but kept the UK and French dollars. Here's the UK obverse  "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
08/22/2013 09:23 am
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Replies: 21 / Views: 2,557 |
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Posted 08/20/2013 11:09 pm
