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 Replies: 24 / Views: 3,323 |
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Pillar of the Community
 Canada
9865 Posts |
I think you did the right thing.
You converted a pile of junk bin coins into something of value without a great deal of effort.
"Dipping" is not considered cleaning...
-from PCGS website
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Valued Member
 Canada
224 Posts |
Lol DBM, I only doubled my money. Early-Date Canadian beaver nickels are hard to come by, with '38 being the second-lowest mintage of all beaver nickels. Essentially, I sold the early-date beavers for x3 of their FV, and much of the '50s for their FV or little more.
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Valued Member
Canada
224 Posts |
I sold $18.75 CAD for about $45 CAD in silver, so each nickel for about $0.12 CAD each I believe. And I've yet to see any early-date beaver nickels in junk bins to be honest with you.
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Pillar of the Community
Canada
1463 Posts |
Well done mike.
Those sure are silver! Great job
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Pillar of the Community
Canada
581 Posts |
I agree, great trade! I have handfuls of junk early nickels, I would gladly trade them for silver :)
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Valued Member
Canada
224 Posts |
The key to my success I believe was the amount of work I put into my craigslist post, It wasn't just:
Some Old Nickels for silver
Rather, it was:
Early-Date Beaver Nickels for Silver! (Trade)
I'm quite proud of myself
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Pillar of the Community
Canada
3049 Posts |
You did well.... ask any dealer how frequently people ask for circulated nickels and what their margins are... and you'll see that you took something that's hard to get anything more than FV and turned it into silver worth greater that FV!
My opinion out of 10 you get a 12!
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Pillar of the Community
710 Posts |
Quote:
And I've yet to see any early-date beaver nickels in junk bins to be honest with you. Great trade. You can find these nickels in junk bins and flea markets - most sellers say "$1.00 for anything in that box". Thanks for posting! |
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Pillar of the Community
United States
4211 Posts |
Great trade Mike! Congrats.  |
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Valued Member
Canada
224 Posts |
I have taken note that this man admired me a bit - not in a creepy way like those weird strangers on craigslist - but more glad to see someone in the younger generation showing a like interest. He was in his 70s, nearly 5 times my age :P
Edited by mike9999999
02/20/2017 3:25 pm
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Valued Member
Canada
217 Posts |
I concur with others and offer congrats on a good trade = though with one caveat: in my experience the 68 silver is the least popular junk (rather like the %40 US silver is their least popular junk) so temper your profit calculations accordingly.
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Valued Member
Canada
224 Posts |
It is true since half of the transportation for things like ebay is just going into the copper instead of the silver as opposed to 80% silver/20% copper coins. Let's not talk about US ww2 nickels.I'm thinking of trading my 10 troy ounce .999 silver bar for 11 Troy ounces ASW in junk silver. What do you guys think? |
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Valued Member
Canada
217 Posts |
Probably a wash if you eventually plan to swap it for fiat as LCS will give you spot for a recognized bar, but knock at least 10% off for junk. On the other hand, junk is a lot easier to sell off in lesser increments. I think it just boils down to preference - they are both going to be worth the same in fiat I think.
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Valued Member
Canada
224 Posts |
Well, if someone has a whole bunch of junk and wants to refine it, but then sees someone with a bar asking for junk, then?
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Valued Member
Canada
217 Posts |
I'm sure someone would make the trade. I'm just not sure if you would end up ahead in fiat currency or not.
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Replies: 24 / Views: 3,323 |
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Posted 02/19/2017 4:29 pm
