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 Replies: 27 / Views: 3,447 |
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Valued Member
United States
125 Posts |
My response to you is that if you are a serious silver collector in the sense that I am, all silver is worth keeping, and so you should hold on to them. Besides, if you imagine what happens to them when you sell them / get rid of them - many getting melted - It is almost my duty to keep them. If we don't stop the current generation from melting down all of our 40% silver coins, who will have any to collect in the future? For me, it is a win-win: I get to accumulate silver and save coins from being destroyed :)
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Pillar of the Community
United States
622 Posts |
JMKendall, That seams like a pretty bold claim that 80 to 90% of all coins minted in US have been melted. You reference your dealings with one dealer/scraper. Is that how you've come to the conclusion of 80/90% melted or do you have some additional evidence or information to share. btw, I'm not saying this to be confrontational...I really think its an interesting topic and want to know if this is just your intuition based off experience or if you have some true evidence. I'd like to here more people's perspective and related facts on this notion that the majority or US coinage is melted. Actually, lets just stick to the silver. I don't believe there's any way that even a majority of copper, nickel, zinc has been melted. OO |
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Valued Member
United States
125 Posts |
I can't believe you are finding enough 40% to run out of storage space or sorting funds.
If you really need to sell them, make sure you're not giving them away. They are getting closer to spot or over now that the demand for silver is up. A couple years ago I could get them well under melt, now it's not so easy.
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Pillar of the Community
Canada
1354 Posts |
I keep the few I can find. When I go to the US I ask at a few banks for some. My husband likes them. I have never traded any of my silver up or off. I guess I feel I don't have enough to do that :)
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Pillar of the Community
United States
4333 Posts |
I've found about 600+ 40% halves in the last few years. They just take up way too much storage space in the SDB, so I sell them when I find a rolls worth. Last summer I averaged $5 ea, and bought .999 and gold.
Regarding all the melting, my coin dealer doesn't melt any junk silver. He has buyers like myself, and other investors that clean him out whenever he gets any in, which is quite often. It's been this way for years.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1770 Posts |
fist, thats a nice collection you had, in that respect I can see you selling the 40s and buying .999 silver and gold. maybe if I had that amount as well maybe I could see doing that too
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Valued Member
United States
376 Posts |
I understand silver is silver, but my personal opinion, I would dump and use that cash for some 90% or 999 like many others have said. Nothing wrong with 40%ers but, I would just rather have something more pure. Something without those copper rims  |
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Pillar of the Community
United States
2734 Posts |
Quote:
I honestly believe that after "The Great Silver Scraping", that 40 percent Kennedy's will be a rarity. I pulled several hundred 40% JFK's from circulation in the 1980's and early 1990's, all after the Hunt Brothers spike in 1980. (Or maybe no one bothered to melt 40% halves back then...  ) |
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Pillar of the Community
 United States
619 Posts |
I've created a monster! I never knew that 40% was such a hot topic. Of course, I keep the AU/BU coins. However, almost all the ones I find are worn, scratched and/or tarnished green. I try to sell them to people who won't smelt them, but you can never be totally sure. I won't accept much less than 90% of melt. Edited by CPC24
07/16/2012 11:19 pm
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New Member
United States
31 Posts |
Sell, mainly so they don't get mixed in w/ my 90% or need to create a seperate container for them.
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Valued Member
United States
125 Posts |
There are so many 40% out there. It is going to be a long time before they become anything close to a rarity. With the amounts people are still finding I think there's time to flip or trade up for other PM's...
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Moderator
 United States
188643 Posts |
I had collected a decent quantity of 90% and 40% half dollars back in the 1990's (of course this hoard was just the duplicates, hole were filled first). I ended up trading most of them to fill the remaining holes in my Franklin half dollar album. I still have a decent collection of extra silver (most of it 40%) and have considered trading some of it to fill more holes. As of now, I would only trade and not sell them. |
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Replies: 27 / Views: 3,447 |
First Page
Posted 07/16/2012 11:10 am
