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New Silver Purchases, Looking For Opinions!

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Author Previous TopicReplies: 15 / Views: 2,383Next Topic  
Valued Member
joshkellogg's Avatar
United States
150 Posts
 Posted 04/06/2012  12:36 am Show Profile   Bookmark this topic Add joshkellogg to your friends list Get a Link to this Message Number of Subscribers
I went into my local coin dealer to complete a sort of type set that I'm working on, and bought these 1933 S and 1963 Halves. I have had a lot of luck roll searching nickels and pennies (an 1887 IHC and a 1912 V nickel), and since I don't really search halves I decided it was time for a silver investment! I paid $18 each, which I think may be high on the 33 but maybe not on the franklin? He was asking 20 for a similar Franklin without the toning, so I went with this one. How did I do? Any opinion on grade would help!

New-Silver-Purchases,-Looking-For-Opinions!

New-Silver-Purchases,-Looking-For-Opinions!

New-Silver-Purchases,-Looking-For-Opinions!

New-Silver-Purchases,-Looking-For-Opinions!
Pillar of the Community
rachums107's Avatar
United States
3345 Posts
 Posted 04/06/2012  06:36 am  Show Profile   Bookmark this reply Add rachums107 to your friends list Get a Link to this Reply
I think you kinda overpaid for the franklin, seems like that wouldnt be too hard to find at melt. But maybe I'm wrong.
Pillar of the Community
upstate's Avatar
United States
3283 Posts
 Posted 04/06/2012  07:23 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
VG8 on the walker and AU on the Franklin would be my grades.
I think you got some nice silver pieces for a fair price, enjoy them.
Valued Member
joshkellogg's Avatar
United States
150 Posts
 Posted 04/06/2012  08:31 am  Show Profile   Bookmark this reply Add joshkellogg to your friends list Get a Link to this Reply
Thanks! I am enjoying them indeed
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unholyroller's Avatar
United States
1903 Posts
 Posted 04/06/2012  08:38 am  Show Profile   Bookmark this reply Add unholyroller to your friends list Get a Link to this Reply
Fair prices...a tinge high...but not abusively so. Just think of the overage in price as an investment in saved time. You could roll search for hours and never find any, so $6 over melt is a small price to pay for each coin. Even if you found both coins in your first couple boxes you would have at least a couple hours invested...$6 an hour is below minimum wage! What do YOU value your time at? I say...well done and nice coins!
Valued Member
joshkellogg's Avatar
United States
150 Posts
 Posted 04/06/2012  08:45 am  Show Profile   Bookmark this reply Add joshkellogg to your friends list Get a Link to this Reply
Well, one of my jobs values my time at $8/hr, (I guess I'm much more important to the other!), thanks unholy roller. And yeah, I'm also having more fun now than I would if I were melting coins...
Pillar of the Community
United States
3184 Posts
 Posted 04/06/2012  12:24 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
You will learn and get better at knowing what to pay later on, just enjoy right now
Valued Member
United States
223 Posts
 Posted 04/06/2012  12:44 pm  Show Profile   Bookmark this reply Add COMET to your friends list Get a Link to this Reply
Sometimes overpaying a bit is fine. The important part is to enjoy coins as a hobby, unless you're trying to become a dealer I say don't worry too much about the price. Unless of course we're talking about coins near four digits.
Valued Member
hermanwilliams's Avatar
United States
309 Posts
 Posted 04/06/2012  1:01 pm  Show Profile   Bookmark this reply Add hermanwilliams to your friends list Get a Link to this Reply
I would have paid that for that franklin. I like that kind of toning, so it'd be worth it to me too.
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D0ubl3Eagle's Avatar
United States
5854 Posts
 Posted 04/06/2012  4:32 pm  Show Profile   Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
The price seems a tad high but not exorbitantly so. What matters is that you are enjoying your coins.
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M0nks's Avatar
United States
1770 Posts
 Posted 04/06/2012  9:24 pm  Show Profile   Bookmark this reply Add M0nks to your friends list Get a Link to this Reply
yea would be great to rescue every silver coin we can before they get melted, so if youre happy with your purchases thats all that matters plus the 33S is a nice one
Bedrock of the Community
United States
20753 Posts
 Posted 04/06/2012  9:50 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
As most have said, decent prices for both. Especially since it was from a coin shop. Assuming you ment from a local dealer, a coin shop.
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Gothic Florin's Avatar
United States
2541 Posts
 Posted 04/06/2012  10:13 pm  Show Profile   Bookmark this reply Add Gothic Florin to your friends list Get a Link to this Reply
Any silver is good silver in my book, but I think you did overpay...
Valued Member
joshkellogg's Avatar
United States
150 Posts
 Posted 04/06/2012  10:38 pm  Show Profile   Bookmark this reply Add joshkellogg to your friends list Get a Link to this Reply
Yes, hah, a coin shop. It's tough to get an awesome deal, but the relationship with a reliable coin veteran is worth something as well. Not to mention, my change was given to me as an 88 half and 41D nickel. Thanks everyone!
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ghostrider's Avatar
United States
1116 Posts
 Posted 04/08/2012  11:33 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
I've been somewhat fortunate to have stumbled upon a dealer who is only open three afternoons a week. I go in there to buy and ask questions. Sometimes I show him some of the finds that I've made and ask him for some help on grading the coins that I've found.

The best piece of advice that I got from him was to join a coin club. I'm going to my first meeting Tuesday evening. This particular club just happens to sponsor a somewhat major coin show that is coming to my area this summer. I went to the show last year and didn't know that it was sponsored by a club. I plan on attending this show again (this time with more knowledge, a buying list, and hopefully a little bit more money.

Joshkellog you may want to consideer doing something like joining a coin club in your area.
Edited by ghostrider
04/08/2012 11:34 pm
Pillar of the Community
EgCollector's Avatar
Egypt
3470 Posts
 Posted 06/22/2012  6:16 pm  Show Profile   Bookmark this reply Add EgCollector to your friends list Get a Link to this Reply
Dont know about the value of the Franklin but it is a very nice coin with a beautiful toning .... enjoy
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