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Bedrock of the Community
United States
12437 Posts |
quote:
What I don't get is melt value. I realize thats the price of silver contained in the coin but I thought it was illegal to smelt national coinage. Am I wrong?
It is not illegal to melt noncirculating coinage. Anything with silver or gold is not considered to be circulating anymore so it does not affect the circulating coinage supply. It is illegal to melt cents and nickels(but not War Nickels). However, most coins are not melted when you sell them for bullion. $100-$1000 face value bags of 90% silver coinage are a very popular investment vehicle for people wanting to purchase large quantities of silver. The purity and content is known unlike bars and other bullion which may have to be assayed. |
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Valued Member
United States
336 Posts |
i was at my coin shop yesterday.silver is whey down now.5.00 face to him is 50.00 .i deal with this dealer for a long time he said he has to buy gold or silver at 20% back to deal with the market values some times he make more money some times he loss money.at the high end of the silver and gold market he was sending in the per day buys of silver and gold to that middle man just in case of the market falling.i sold off my sterling spoons we had.we bought some of them from him when silver was only 7.00 a ounce and sold it when it hit 15.00 a ounce I had a fealing the market will drop!now the market is around 10.00.
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Pillar of the Community
United States
1984 Posts |
The Bust Half prices were good, especially if the 1832 were a true AU--telling the difference between EF-40 and AU-50 requires some experience with the series. 1830 and beyond I see a lot of coins listed as AU that I consider EF, and in most cases the major grading companies and I agree. So if the 1832 was a true AU for wear and not a well-struck coin with EF wear, then $175 was a great price. If only a good-looking EF, then it was perhaps a wee bit high, but you can't go wrong making an offer. I can see a scenario wherein if I wanted all 3, I might offer $300 and see what he said.
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Valued Member
United States
280 Posts |
This is not an endorsement for APMEX.com, but I use their website for a handy, real world buy price for scrap silver. As of this posting, APMEX is paying 10.65 times face for misc small quanitity 90% silver. http://www.apmex.com/Product/195/10..._Coins_.aspxOf course with APMEX, they have a minimum buy of $1000 and you are responsible for shipping. They pay much more if you have $1000 face. Again, it's a much better guide than the Deleted004 calculator because it's an actual offer to buy and not a theoretical calculation. |
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Valued Member
United States
109 Posts |
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Pillar of the Community
United States
764 Posts |
you're from my area! which dealers were you visiting?
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Valued Member
United States
486 Posts |
Murty, Can you tell me the name of the second dealer in NJ and where he is located. I am going to be up there next week. I may stop in and get a couple dime rolls. Thanks -PP
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Pillar of the Community
 United States
1353 Posts |
In central New Jersey.....they are about 1/2 hr from each other
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Pillar of the Community
United States
1353 Posts |
Pennypusher,
I would advise the first dealer, what type of dime roll are you looking for.
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Valued Member
United States
486 Posts |
Any roll that is as cheap as $37.50. I'm going to be in the nyc area.
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Pillar of the Community
United States
1984 Posts |
$37.50 was the dealer BUY price. I guarantee he isn't selling for less than $70.
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Valued Member
United States
109 Posts |
Central Jersey thats where I'm at, these 2 dealers wouldn't have been in Monmouth County were they?
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Pillar of the Community
United States
1353 Posts |
Yes they would,,,,but it would not be honorable to post ther names in a forum.
PM and I'll answer you if it doesn't break any board rules.
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Pillar of the Community
United States
1353 Posts |
Pennypusher,
Halfabustisbetter is surely right on. I see you are from Venice.....I have a vacation home in Sarasota.
Any good dealers down there? I will be there sometime in late May.
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Pillar of the Community
United States
810 Posts |
There was this lady coin dealer in my town that was very reasonable. I could trade a 1964 half for a 1929 half. I was trading dimes and WWII nicks for mercs. I only traded one for one. Shes no longer in business anymore.  |
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Posted 05/02/2008 08:25 am
