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 Replies: 10 / Views: 6,021 |
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Valued Member
United States
126 Posts |
I recently could not resist buying a lot of 400 silver War Nickels because I got them at almost half melt. I've only bought 90% and .999 oz coins. Does anyone else but the 35% nickels to hold onto or am I better off reselling them and investing in a higher grade. |
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Pillar of the Community
United States
3670 Posts |
Only if they have a high grade from NGC PCGS with nice rainbow toned color in my case, an I have not pulled the trigger on any as of yet, but probably eventually will, they tone real nice in some cases....
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Pillar of the Community
United States
1150 Posts |
Most dealers will sell War Nickels at below spot because they are not melted for silver by smelters and do not contain much silver. However I recently sold, on Craigslist, four rolls of War Nickels for full melt though...so folks do buy the stuff at spot. I think you are better off sticking with 90 percent junk silver but thats my opinion. I currently only have high grade slabbed War Nickels. |
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Pillar of the Community
Canada
4944 Posts |
I don't think you can ever go wrong at 50% of melt, no matter what coins your buying. There is always a buyer, and on ebay people will usually pay slightly over spot. |
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Rest in Peace
United States
9104 Posts |
Silvertowne will sell bags of warnix for about $840 under melt.
BUY SELL
War Nickels $200 FACE 4680.00 6295.00 |
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Pillar of the Community
1283 Posts |
I can often get them for like a buck from my guy, plus I find quite a few at work. I wouldn't sell them till silver gets high again, right now they aren't worth much. 1/2 spot dang sure isn't bad
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Valued Member
 United States
126 Posts |
Thanks for the advice guys. I was able to go through and finish off an album with a couple of really fine condition ones and pulled a couple of others that are either rainbow toned or look as if they could be proofs to hopefully sell or trade to someone.
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Pillar of the Community
Mexico
1304 Posts |
Funny, but I agree, silver at 1/2 is always good. I acutally like War Nickels. Someone once pointed out that they have the highest concentration of silver to face value...how could that be a bad thing? ;) |
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Pillar of the Community
United States
2049 Posts |
Local dealers buy them for $1/each right now roughly so if you can buy them for the same price that dealers pay then you have done well. I'm not a big fan but if I find them in bargain bins or antique stores for around $1 to $1.20 I usually pick them up.
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Rest in Peace
United States
9104 Posts |
Quote:
pulled a couple of others that are either rainbow toned or look as if they could be proofs to hopefully sell or trade to someone. Only the 42p "could" be proof. |
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Pillar of the Community
1283 Posts |
I find a few a week through my C-Stores. I kind of like them to but I probably wouldn't if I had to sell some:)
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Replies: 10 / Views: 6,021 |
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Posted 04/09/2012 12:42 am
