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Bulk Purchase Silver

 
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Author Previous TopicReplies: 7 / Views: 507Next Topic  
Valued Member
United States
387 Posts
 Posted 04/03/2020  7:39 pm Show Profile   Bookmark this topic Add woodcr to your friends list Get a Link to this Message
I have the opportunity to bulk purchase 100 morgan and Peace dollars from private party, also about 100 dollars of dimes quarters halves, franklins walkers, washington rosies mercs, what would be a fair price in your opinion
Valued Member
United States
104 Posts
 Posted 04/03/2020  8:22 pm  Show Profile   Bookmark this reply Add carlp007 to your friends list Get a Link to this Reply
Wow that would be a great purchase. Looks like all the coins are 90% silver. Are the coins culls, or have numismatic value? If you are buying them as junk silver, what are you willing to pay per dollar? What is he/she willing to accept per dollar? Wish I had that type of opportunity. Let us know what happens.
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United States
1215 Posts
 Posted 04/03/2020  9:17 pm  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Just as a side note, this is the Family Forum, this would be a question for another forum.
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Australia
16947 Posts
 Posted 04/03/2020  9:21 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I presume that the present owner has a good idea of the X times face value is.

A fair price to offer would be what APMEX would offer for the same lot.
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United States
2621 Posts
 Posted 04/04/2020  10:09 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
$10.5 X no date, heavily worn or scratched, damaged

12 X dimes, quarters, Franklin, Kennedy

12.5 X Walkers

15 X Peace & Morgans
Valued Member
United States
387 Posts
 Posted 04/04/2020  10:48 am  Show Profile   Bookmark this reply Add woodcr to your friends list Get a Link to this Reply
thanks slider, I will pull out semikeys and offer more
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United States
4629 Posts
 Posted 04/04/2020  11:28 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
If you can't view the coins ahead of time, go with the assumption that they are culls and base you offer on the silver spot price plus some smallish percent.
I would recommend 3% for a start; do NOT go over 5%.
Describe it as if there were no picture.
Picture it as if there were no description.
Valued Member
United States
387 Posts
 Posted 04/04/2020  12:03 pm  Show Profile   Bookmark this reply Add woodcr to your friends list Get a Link to this Reply
i will see them all, she is mother of a good friend, only problem right now is virus, and of course the gold I cant touch, too expensive 4 me, her deceased husband gold, she read off 6 in a special folder he had them in, no keys but gold value almost $2,000.00
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