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Pillar of the Community
968 Posts |
Think about it this way, if you sell them on ebay for $10 a coin, shipping costs a buck per coin (individually sold) and fees cost you another buck per coin. At that point, you might as well just sell for $8 each in bulk. |
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Pillar of the Community
United States
1536 Posts |
I listed some walkers earlier dates including 1917-s obverse, 1917-d reverse, and 1919-d. Someone went through all of them and offered me $8 piece. Of course I declined them since I know better. Here is a lot of those coins you speak of I paid $51 for 5 that included 1916-d and a Columbian half. http://www.ebay.com/itm/5-Silver-Ha...p=true&rt=ncPersonally I would not sell these coins as I would expect them to raise in value in the future. For some reason Walkers aren't going for anywhere near their list price. Edited by buddy16cat
08/02/2014 4:13 pm
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Pillar of the Community
968 Posts |
Because list prices are crap, walkers in common dates are just that, common, and aren't worth much more than melt. Your lot for $51 includes a semi-key. I thought we were talking about VF-XF later-date Walkers, anyway? Why are early dates relevant to this discussion?
By the way, I turn down slick, common early-dates with mintmarks for $8 all the time, every week, and usually multiple examples.
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Pillar of the Community
 United States
919 Posts |
Thanks to all. Interesting info. Where I live you can't even buy Franklins below melt (when you can find them) so I guess it is the luck of where you live.
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Pillar of the Community
968 Posts |
I only buy under melt if I'm buying them as part of a larger collection or something, or if I happen to get lucky on ebay. I never see junk silver under melt around here unless it's foreign. Generally there's a couple percent premium, but not much, and that premium accelerates downwards to spot as you buy more volume. I can buy a $1k face bag for right around $14,800 right now, with spot at 14.69x face. Edited by chasingtailbar
08/02/2014 4:33 pm
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Pillar of the Community
United States
1536 Posts |
FYI it is relevant because I paid $10 a piece and that included a semi-key. Are you now the thread monitor now because you are the authority on buying coins from the unwary? No dealer sells silver for under melt. At most they will round it to the next dollar and charge more if you want specific coins rather than a mix. As far as early dates, that depends on what it is. If it is something with no mint mark of course that isn't 1916 or 1921. Edited by buddy16cat
08/02/2014 4:50 pm
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Pillar of the Community
968 Posts |
What are you talking about? You're comparing apples and oranges. That lot doesn't resemble what the OP is talking about because it is a small amount of coins (5 coins?) has a Columbian half, and a semi-key walker. That's nothing like two rolls of 1930's and 1940's Walkers. Here's a roll of early dates that went for $8.25 a coin; http://www.ebay.com/itm/131256935502Here's a roll of VF '30's and '40's that went for the same price; http://www.ebay.com/itm/131250179638And there's tons more examples on ebay. Also, buying coins from the unwary? If I pay under melt for junk silver from a collection, it's because I'm shelling out a lot of money... I mean, the biggest collection I ever bought had about $1k in junk silver in it, I paid 95% of melt for the junk silver, sold it for 99% of melt. I think I laid out about $25k on that collection. And for the record, I pay a heck of a lot better than most dealers in B&M's do because I have no real overhead and it's a hobby to me, not a living. Edited by chasingtailbar
08/02/2014 4:58 pm
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Pillar of the Community
United States
919 Posts |
Those coins are not EF. They don't have full breast plates. I would grade those F at best and wouldn't pay over $8 a coin. I was talking about true EF coins, hand picked mint marks only.
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Pillar of the Community
968 Posts |
Looks like XF rolls go for closer to $180 a roll. So $15 more... for 20 coins, that's 75 cents extra per coin. $9 each or thereabouts.
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Valued Member
United States
156 Posts |
Quote:
Looks like XF rolls go for closer to $180 a roll. So $15 more... for 20 coins, that's 75 cents extra per coin. $9 each or thereabouts. Link? EF walkers at 8.75 each by the roll. I would buy all of them as well. |
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Pillar of the Community
United States
1536 Posts |
Quote:What are you talking about? You're comparing apples and oranges. That lot doesn't resemble what the OP is talking about because it is a small amount of coins (5 coins?) has a Columbian half, and a semi-key walker. That's nothing like two rolls of 1930's and 1940's Walkers. Here's a roll of early dates that went for $8.25 a coin; http://www.ebay.com/itm/131256935502Here's a roll of VF '30's and '40's that went for the same price; http://www.ebay.com/itm/131250179638And there's tons more examples on ebay. Also, buying coins from the unwary? If I pay under melt for junk silver from a collection, it's because I'm shelling out a lot of money... I mean, the biggest collection I ever bought had about $1k in junk silver in it, I paid 95% of melt for the junk silver, sold it for 99% of melt. I think I laid out about $25k on that collection. And for the record, I pay a heck of a lot better than most dealers in B&M's do because I have no real overhead and it's a hobby to me, not a living. Whatever, you obviously took issue with my post since I paid $10 a piece that included coins with more numismatic value. Good luck with all the acquisitions but I am not getting into this with you. If you don't like what I am posting, don't read it. |
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Pillar of the Community
United States
1536 Posts |
Quote:
Link?
EF walkers at 8.75 each by the roll.
I would buy all of them as well Of course you can never go with ebay auctions since you know they can fluctuate greatly. Maybe you can Google to see if you can get them for $8.75 each. Buying from someone not knowledgeable is something else. The best selling option I have B&M is the local coin show. They pay a dollar under melt for a dollar's face of silver and they pay about what I have paid for coins. I don't usually discuss purchasing and resale though, just info about the coins themselves. Edited by buddy16cat
08/02/2014 5:57 pm
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Pillar of the Community
968 Posts |
I don't have a problem with your post nor with the auction you won, I think you paid right around what retail is on it, I'm just saying it doesn't really compare to what the OP is asking about given that 40% of the coins in the lot have nothing to do with '30's or 40's walkers in VF-XF.
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Valued Member
United States
156 Posts |
I dont need to google it.
A walker set in EF+ is the main set I am currently working on.
Sure, I maybe able to get lucky buying some off some bloke that knows nothing about coins, but that is an incredible rarity.
I would buy 100 FV at $8.75 of walkers in real EF condition. right now. This minute. The reason? because that would be a steal.
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Valued Member
United States
156 Posts |
to the OP. APMEX sells rolls of XF walkers for more than $10/coin(not including shipping or other fees). So if that was your price out the door, and you got to hand pick them, you did well. |
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Replies: 22 / Views: 2,215 |
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First Page
Posted 08/02/2014 4:09 pm
