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Franklin Half Set Vs. Stacking

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Pillar of the Community
United States
1807 Posts
 Posted 11/08/2021  7:46 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Last Friday I went to a LCS about 45 minutes drive away (really a bit too far, IMO) and bought a 2008 Proof Silver Quarter set to complete my Statehood album.
I also asked if he had junk silver coins for sale and for how much they went. He said: 22x face value. I said: no, thanks.
It makes no sense to me to spend 1.4 x $22 = $30.80 per oz. on halves, quarters or dimes, when I can buy a 1 oz Philharmonic for $28, a 1 oz Britannia for $28.80 or a Maple Leaf for $29.80.
Bedrock of the Community
Australia
19339 Posts
 Posted 11/08/2021  8:06 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
In the face of Philharmonics Britainuas or Maple Leafs, it only makes some sense if you are able to pick through a silver junk box of 100 or more examples of Franklins and pick out the best of them, to make a date set at 22X face.

Nevertheless, you need to be picky in terms of condition, at the lower grades.
Probably best to go through this sort of exercise at a coin show, where the cost of the journey to get there, is less of a consideration
Pillar of the Community
United States
1807 Posts
 Posted 11/08/2021  8:11 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
The last coin show I went didn't really have any junk silver (nor proof sets for that matter).
I only saw slabbed coins, coins in coin flips, and loads of bullion.
Valued Member
United States
251 Posts
 Posted 11/09/2021  4:55 pm  Show Profile   Bookmark this reply Add Dowhat to your friends list Get a Link to this Reply

Quote:
It makes no sense to me to spend 1.4 x $22 = $30.80 per oz. on halves, quarters or dimes, when I can buy a 1 oz Philharmonic for $28, a 1 oz Britannia for $28.80 or a Maple Leaf for $29.80.

I agree. I would have walked away at 22xFV as well. I do not know where you are located, but availability to LCS's does not sound to local.
I am fortunate to live in a location that offers dozens of LCS's within a 45 minute drive. I purchased the same day you did and found a range between $19.50-22.25 x FV. I opted for 20x as I was 5 minutes away.
The premiums are way up, agreed. But @ $20xFV I got some US silver about the same price as the Brits, Canadians, and at the same time look for fillers.
I wish someone could show me where I can buy for melt price. Those days are gone. Dealers cannot purchase for under melt today. There ain't enough for that no more.
Pillar of the Community
United States
1807 Posts
 Posted 11/09/2021  5:04 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
After the Holidays, I will visit the nearest LCS (5 minutes away, but last time he didn't had a 2008 proof silver quarters set) and see what he charges for junk silver halves.
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