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 Replies: 11 / Views: 1,284 |
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Pillar of the Community
United States
1083 Posts |
I have a bunch of heavily circulated silver coins that came with my Mother's collection. Decided to go through them today, glean out the good dates and sell the rest for junk silver to help finance my growing addiction to high grade circulated 19th Century coins. I found all the tough dates for the Franklin Halves, but most were in about VG-8 condition, but I kept them anyway. Likewise with the Walkers and the Washington quarters. I did keep all the early dates with mint marks. Sold pretty much all the Roosies, except for a couple of early AUs. The Mercs were interesting. I found three 1916s. All three were so worn on the rims that the mint marks were gone. Darn it! Kept some early dates and some of them, although circulated had really pretty toning. I guess the toning was from the old blue Whitman folders she had them in? I also found a 1945-s micro date in about XF-40. Glad I looked through them all and found a few keepers. The rest are off for the melting pot. Hope this is interesting? Colin |
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Pillar of the Community
United States
1626 Posts |
Sounds like you had fun sorting through them. Great finds.
Thanks for sharing.
Tim
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Valued Member
United States
191 Posts |
Way to cherrypick yourself!  |
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Pillar of the Community
United States
830 Posts |
Colin, the old Whitman albums made some really beautiful toning  I'd bet you're right. |
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Bedrock of the Community
United States
20753 Posts |
Noticed you said Whitman folders, not albums. Yes the old forders and even the new ones are made by covereing the back page with glue and slapping the holed piece on that. Therefore, there are slots with glue on the back of them. This is actually usable by people when a coin has considerable wear and falls out of the slots. People usually wet the coin and place it in the slot and the moisture mixes with the glue and glues the coin to the back page. So many coins have been found with that glue on the backs. You should consider giving the coins you don't want to some young kid starting out as a coin collector. If you want to find out about melting them down, which is now illigal, there is a web site for that. That is all they discuss. It's called http://realcent.forumco.com |
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Pillar of the Community
 United States
1083 Posts |
Carl, I don't know any young kids like that, and there was over $400 worth of silver in these coins and I'm not in a position to give those away. Thanks for the generous advice though. As for melting coins, I don't do that. I sold them to my local dealer for their melt value. Not sure what he does with them.
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Pillar of the Community
United States
1203 Posts |
okie-colin said " I sold them to my local dealer for their melt value. Not sure what he does with them."
Well, I don't know either, but I'm sure he will made at least 100% profit on the transaction before it is over.
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Pillar of the Community
United States
1083 Posts |
Hmmm - I sense disapproval here. In my value system, one nineteenth century capped bust half dollar in AU condition is worth more to me and is of more interest to me than a bunch of nearly worn slick Twentieth Century, common date silver coins. I thought about selling them on ebay, but most of the similar coins listed were expiring without a bid. Look at it this way, if they do get melted for silver content - it will just make all the rest less common. Hey, maybe I performed a public service here? |
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Bedrock of the Community
United States
12437 Posts |
okie-colin,
How much times face did you get? (if you dont mind me asking)
Also, it is not illegal to melt gold or silver coins, the regulation only covers copper and nickel circulating coinage.
Odds are, the dealer won't melt the silver anyway. Bulk 20th century silver is usually sold in $100, $500, or $1000 face value bags and traded at silver spot. Think of it like buying bars of silver, but in coin form.
Edited by biokemist6
03/08/2007 10:26 pm
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Pillar of the Community
United States
1083 Posts |
Close to nine times face for the 90% silver and around four time face for the 40% Kennedys. You are right - lots of folks that invest in silver prefer US junk coins sold by the bag.
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Pillar of the Community
United States
882 Posts |
If you got $9 face you did pretty good. But I still would of kept them. Silver was up to $14 an ounce last week, you know?
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Pillar of the Community
United States
2269 Posts |
Glad you were able to find a few keepers.
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Replies: 11 / Views: 1,284 |
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Posted 03/07/2007 11:29 pm
