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 Replies: 13 / Views: 884 |
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Valued Member
United States
102 Posts |
Today I sold 240 40% Kennedy half dollars to APMEX when the spot price of silver reached $33.30/ounce. At that price, each coin contains $4.93 of silver. I accepted the offer from APMEX ($4.38/coin -- an 11% discount). For convenience, I also agreed to send the coins to them via UPS at a cost of $75 (~31 cents/coin) that APMEX will subtract from my payment. I didn't investigate if I would pay less using the USPS. I will receive a check for $977.52 (~$4.07 per half dollar) -- about 83% of their melt value. I recently purchased ~$1,000 worth of 90% "junk" silver dimes and quarters from another member of this forum. So I essentially traded a large number of 40% Kennedy half dollars that I've found while CRH for a stack of 90% silver coins. |
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Moderator
 United States
33114 Posts |
Moving from a stack of 40% silver to 90% silver sounds like a good idea. What is next: sterling or 99.9%?  "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Bedrock of the Community
United States
59482 Posts |
Pretty awesome! Congratulations on the deal.   Errers and Varietys.
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Pillar of the Community
United States
1391 Posts |
Sure beats dropping them in a Coinstar!
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Valued Member
United States
247 Posts |
When you sell to APMEX et al, is there reporting? |
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Pillar of the Community
United States
2002 Posts |
Quote:When you sell to APMEX et al, is there reporting? https://www.apmex.com/faq/tax-infor...477470b76ea8Best to check with a tax professional to get the final word on your situation. Also, I am guessing some think they can get around the requirement by doing individual deals under the listed thresholds. Can't say for certain, but my guess is there are laws regarding this that could be similar to structuring when it comes to bank deposits.
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Moderator
United States
164037 Posts |
Outstanding! |
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Pillar of the Community
 United States
4680 Posts |
That sounds like a rather excellent exchange. Congrats on reaching the final stage of your coin roll hunting on those Kennedy halves! =) |
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Pillar of the Community
United States
7051 Posts |
I had liquidated my 40% Kennedy halves back in 2011 when silver was at $35. I felt that 90% junk was the way to go so I kept mine. |
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Bedrock of the Community
United States
10959 Posts |
Sounds like a good move to me. 240 40% halves is a huge number to find CRH. How long did that take?
P.S. $4.38 is a great sell price!
Edited by BH1964
05/21/2025 6:52 pm
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Pillar of the Community
United States
2232 Posts |
Sounds like you got a good deal, congrats. |
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Pillar of the Community
United States
2002 Posts |
Smart move especially if you found them coin roll hunting. Even 90% silver can get heavy and bulky but 40% is just awful to stack.
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Pillar of the Community
United States
2026 Posts |
I'm thinking about doing the same thing...
Did everything go according to plan?
smat
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Valued Member
 United States
102 Posts |
smat45: I received payment in my checking account 1- 2 days after APMEX staff verified what I sent.
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Replies: 13 / Views: 884 |
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Posted 05/20/2025 8:58 pm
