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Silver Face Value Worth

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Pillar of the Community
Tykimeister's Avatar
United States
882 Posts
 Posted 05/15/2012  03:24 am Show Profile   Bookmark this topic Add Tykimeister to your friends list Get a Link to this Message Number of Subscribers
Hey, been out of the collecting world when it comes to coins for a couple years. I recently (like just today) bought a bunch of silver from an older woman, and I want to know what the going rate is these days for face value.

What do the average collector pay for face value? $20 x face?

What do dealers currently offer on face value? $18?

Im just guessing here, but I hope someone can give me a ball park.

I purchased almost $250 in face value worth of silver halfs, dimes, quarters, and morgans/peace dollars.

Thanks
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basebal21's Avatar
13014 Posts
 Posted 05/15/2012  03:28 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Itll depend on the silver content of the coin but silver right now is going for about 27 an ounce.
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Engineer's Avatar
United States
38 Posts
 Posted 05/15/2012  03:35 am  Show Profile   Bookmark this reply Add Engineer to your friends list Get a Link to this Reply
Certain websites (like moderator edit - please do not mention that website - there is a reason it's been added to the swearword filter) will give you the melt value, which is $20.44 times face at the time of this posting. Depending on where you live, local dealers will pay anywhere from 2/3 to 9/10 of melt. The big online dealers typically pay around 95%.

For most deals, I try to split the difference between what the local dealers are paying and melt value.
Edited by Engineer
05/15/2012 03:37 am
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Sap's Avatar
Australia
16837 Posts
 Posted 05/15/2012  05:28 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
Instead of referring people to a website that spammed it's way to the top of Google searches, try another website, like CurrencyDebasement.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Bedrock of the Community
United States
20753 Posts
 Posted 05/15/2012  10:08 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
You never mentioned if your planning on selling them or just want to know what it may be worth. And did you look them over for coin values?
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Tykimeister's Avatar
United States
882 Posts
 Posted 05/15/2012  1:10 pm  Show Profile   Bookmark this reply Add Tykimeister to your friends list Get a Link to this Reply
Ya I already looked through them all for key dates. Everything is pretty much only worth the face value in silver. Everything is 90% silver, with the exception of $14 in 40% half dollars, and possibly 3 mexican coins I'm not too sure of.

After checking ebay, it appears that silver is selling for up to $24-$26 times face value. I would like to keep everything and put it into my collection, but I may be selling some just to get some cash back.

There was a $5 gold coin in the collection as well.
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acloco's Avatar
United States
3540 Posts
 Posted 05/15/2012  3:19 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
When I sell silver, I sell private party on the internet. A good picture, ship insured, signature required, and tape the heck out of box.
Valued Member
United States
470 Posts
 Posted 05/15/2012  3:29 pm  Show Profile   Bookmark this reply Add Andrew289 to your friends list Get a Link to this Reply
If you bought $250 face silver, you owe her $5,750.
23x face is fair market value.
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IHPO8S's Avatar
United States
374 Posts
 Posted 05/15/2012  6:22 pm  Show Profile   Bookmark this reply Add IHPO8S to your friends list Get a Link to this Reply
remeber if you sell on ebay you will pay paypal and ebay fees.Junk 90% is saturated on ebay right now. I'm waiting for silver to fall under $25 then I will buy .
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Engineer's Avatar
United States
38 Posts
 Posted 05/16/2012  05:25 am  Show Profile   Bookmark this reply Add Engineer to your friends list Get a Link to this Reply

Quote:
Certain websites (like moderator edit - please do not mention that website - there is a reason it's been added to the swearword filter) will give you the melt value, which is $20.44 times face at the time of this posting. Depending on where you live, local dealers will pay anywhere from 2/3 to 9/10 of melt. The big online dealers typically pay around 95%.

For most deals, I try to split the difference between what the local dealers are paying and melt value.



Quote:
Instead of referring people to a website that spammed it's way to the top of Google searches, try another website, like CurrencyDebasement.


The last time I checked, *** Edited by Staff | The bad word filter is in place for a reason. Bypassing the filter and making the intended word obvious anyway is completely unacceptable. *** was not a swear word and it appears that your website is actively engaging in censorship based on some internal conflict with another website. I certainly have no knowledge of any past problems you've had with them, but I do have a problem with my posts being censored for what I perceive to be petty squabbling in the attempt to steer people to (or away from) certain sites on your behalf. I have another problem with this not being disclosed in your terms of service, and I deem your behavior to be a breach of contract.

With this being said, I claim full copyright privileges to all of my posts and photos on this forum, and hereby demand their removal from your public domain where they will doubtlessly be reproduced.
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trout1105's Avatar
Australia
7096 Posts
 Posted 05/16/2012  06:41 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply

Quote:
With this being said, I claim full copyright privileges to all of my posts and photos on this forum, and hereby demand their removal from your public domain where they will doubtlessly be reproduced.

get over it sunshine, Crikey why be so prissy about nothing
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jbuck's Avatar
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 Posted 05/16/2012  10:38 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
With this being said, I claim full copyright privileges to all of my posts and photos on this forum, and hereby demand their removal from your public domain where they will doubtlessly be reproduced.
You obviously have no idea how forums work.
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tmaring's Avatar
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 Posted 05/16/2012  11:37 am  Show Profile   Bookmark this reply Add tmaring to your friends list Get a Link to this Reply
Amusing! I'm new here but let me just say this:

With this being said, I disclaim all copyright privileges to my posts and photos on this forum, and hereby offer their free use in your public domain or elsewhere, doing so with express joy in the thought that they may be reproduced for the enjoyment of any and all who care enough to look.
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jbuck's Avatar
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 Posted 05/16/2012  11:44 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
FYI...

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larsdog's Avatar
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 Posted 05/16/2012  12:36 pm  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply
I have a statement to make:

"If any members of your team are captured or killed, the Secretary will disavow any knowledge of your actions. Good luck, Jim."

Makes about as much sense.
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basebal21's Avatar
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 Posted 05/16/2012  4:34 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:

"If any members of your team are captured or killed, the Secretary will disavow any knowledge of your actions. Good luck, Jim."


Not on topic but what movie is this from, I know I've herd it before and now its driving me crazy I cant remember.
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