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 Replies: 13 / Views: 560 |
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Bedrock of the Community
United States
15018 Posts |
What can I expect to pay for 90% junk silver U.S. coins from a '' We Buy Gold & Silver Shop ?  Proud Member of The Black Sheep Squadron !
In Memory of Fallen Black Sheep Mates .
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Bedrock of the Community
United States
38465 Posts |
Tough call since it is 90% and not 100% silver,so less than going silver prices for sure. Maybe 30% below current bullion value? If I remember right,near the back of the Red Book gives bullion value per denomination? John1  ( I'm no pro, it's just my humble opinion )
Searched 5+ Million Cents Since 1971
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Pillar of the Community
Canada
3340 Posts |
my shop is spot plus 5%, for junk,
Edited by silverwolf
01/12/2021 10:44 am
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Pillar of the Community
United States
4211 Posts |
2 weeks ago when silver was around 26.50/oz, my lcs/pawn was asking 210.00 for 5 dollar face
I'm by no means a pro and will never claim to be...just my 2 cents
A smile costs nothing to give or receive....GF
If it's not hockey, it's not a sport
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Pillar of the Community
United States
1765 Posts |
Quote:
210.00 for 5 dollar face 
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Valued Member
United States
78 Posts |
"210.00 for 5 dollar face"
Are these numbers are correct?
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Bedrock of the Community
United States
15018 Posts |
Quote:
"210.00 for 5 dollar face" That's a heck of a lot of money for $5 face .
Proud Member of The Black Sheep Squadron !
In Memory of Fallen Black Sheep Mates .
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Pillar of the Community
United States
4211 Posts |
 ...I know..I asked twice and got the same answer, I just quietly chuckled and left. However while I was there, I did pick-up a 1984 LA Olympiad comm.dollar for $14.00 from local sellers box..glad they didn't mark it up... 
I'm by no means a pro and will never claim to be...just my 2 cents
A smile costs nothing to give or receive....GF
If it's not hockey, it's not a sport
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Valued Member
United States
115 Posts |
This is just my experience over the past few months. Maybe there is some regional variability, but.... What Silverwolf said is a completely reasonable price through any sources I have. At the spot right now, around 20x face seems about right. Around here, and through online auctions, or from the big online bullion sellers, there has been a pretty solid premium over spot since the COVID thing started. Buying at or below spot has not been possible for me, unless someone does poor math or does not know the silver content of foreign coins. Silver dollars tend to bring higher, Morgans also > Peace. Besides their slightly greater (disproportionate to the same face value of other US 90%), the dollars seem to go higher right now. For perspective, I bought some low grade grade Peace dollars in June for $19 each from a private seller when silver was still at around $18. I had my local dealer tell me that that price was below his cost if he ordered through his wholesaler. |
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Valued Member
United States
115 Posts |
Should add that in that pile of Peace dollars—which the previous owner had started to clean with baking soda and aluminum foil—Aack!—was a grubby, sticky, dingy 34 D of an undetermined grade. Some warm water (acetone was not as effective in this instance) removed the gunk to reveal a slightly toned, undamaged AU coin. It promptly displaced another coin from my Peace dollar album! |
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Pillar of the Community
United States
927 Posts |
So they are selling common / circulated / scrap pile Morgan & Peace at $42 each? (210 / 5 = 42 for a $1 face coin)
My hoard of '82s is up to 204! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 382 x 1, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 5, 1582 x 13, 1682 x 15, 1782 x 57, 1882 x 49, 1982 x 33
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Pillar of the Community
United States
3678 Posts |
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Pillar of the Community
United States
4153 Posts |
In my 45 years of dealing PM's I don't believe I've even seen a LCS selling 90% below spot.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
4491 Posts |
I was able to get about $5 fv for 16x face at a couple pawn shops, most were BU 50's Washington quarters. I know people can feel weary about them due to extreme markups and the like but if the coins have been sitting on their shelf long enough you can get a deal! Edited by Adam_E
01/13/2021 08:50 am
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Replies: 13 / Views: 560 |
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Posted 01/12/2021 10:44 am
