Dumb Questions About Refiners, And Melting?

To biggfredds totally correct point, I wouldn't convert less than a 1000 oz silver weight.

But, I can't keep it all in coin form, it's ridiculous to try and maintain order once you hit a certain point. Recognized kilo bars are the poison of choice and I do keep smaller denominations in coin and rounds. I figure it should look like your wallet, a few large bills and some change.

I know I can make a deal by depositing recognized kilo bars of silver at my bank for a near immediate cash conversion to buy a house or land, but if I took in silver dollars, they'd say they were worth face value. The currency you use needs to fit the transaction you are doing. In this scenario, the bank in question is one of the larger bullion dealers around.

Keep the currency you need to fund the style of "crime" you need to pull off.

I wouldnt even consider melting 64 halves into bars....ever....even if they paid me a little for my trouble!

Get some Coinsafe Rolls and Stash them. If you must get rid of them, Sell them in one lot since you said you got a good deal, take the proceeds and buy .999 silver. You can keep the coins alive that way, and choose what kind of bars you want. What do you consider a "hoard"?

The first question you need to answer is, "Why do I have these Kennedy halves?". Once you have answered that, you will know what to do.

My thought is in agreement with others here... and that is to sell or trade your Kennedy halves for bars, if it is bars that you want. That will give you silver in the form that you want, yet preserve the halves for those who collect them.

Most of the bars I've seen have been 99.9% silver or better. I don't recall seeing any 90% silver bars, although that is certainly possible. When selling bars, it is very helpful if they are from a recognized producer, such as Johnson-Matthey or Englehard. These are pretty much recognized on sight as being bona fide silver bullion. These days, of course, there seem to be some fake bars out there, so care is needed when buying them.

Another way to shrink the volume of your collection would be to trade in the halves for a few gold coins. The gold:silver price ratio is just under 33:1, so 33 ozs. of silver plus whatever premium the dealer charges will buy about 1 oz. of gold. That would be about 85 half dollars for 1 oz. of gold depending on metal prices at the time of the trade.

If you want bars then sell the coins and buy name brand 5oz or 10oz bars. You will come out money ahead and not contribute to the mass melting of coins going on right now.

1964 Kennedy halves have many willing buyers who will pay $17 each. They usually have very little wear and many people collect them.

***Edited by Staff*** What state do you live in?


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