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 Replies: 27 / Views: 3,533 |
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New Member
United States
7 Posts |
Hello everyone, I'm a relatively recent coin collector and recently came across an option to purchase a series of silver coins. I've searched the internet to get an idea of whether or not it's worth it, but I have found a lot of contradictory information, so I thought I'd ask here. Basically, the coins consist of: 4 US Proof Frankin Half Dollars (1957, 1958, 1960, 1963) 5 Washington quarters Statehood Commemoratives (Michigan, Texas, Florida, Iowa, Wisconsin) I believe they are uncirculated but I need to confirm this. If anyone would like pictures I can provide them. The cost is 520 dollars. I plan to, over the course of the next year or two, purchase the rest to have a complete set if that's a good purchase. The coins are from colonial collectives. Is that an acceptable value? Edited by the7joker7
11/22/2012 3:57 pm
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Bedrock of the Community
13014 Posts |
 Weather or not its a good deal will depend on the condition of the proofs. The State Quarters are basically worth face value ungraded. Do you have approximate grades of the franklins or pictures by any chance so everyone can help you better determining their value? |
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New Member
 United States
7 Posts |
By face value do you mean 25 cents or melt value? Because they're silver quarters so they have to be at least melt value, I figure.
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Pillar of the Community
United States
3184 Posts |
the 4 proof franklins should cost 60-80 bucks unless they are earlier years. What are the statehood commems your talking about? I don't think those are worth 400+. So not a good deal unless I'm missing something
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Pillar of the Community
United States
3184 Posts |
a silver quarter melt value is like 5.50 each so how do you get $520 value ? Rip off.....
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New Member
United States
7 Posts |
  Those are the Franklins. |
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Bedrock of the Community
13014 Posts |
Quote:
By face value do you mean 25 cents or melt value? Because they're silver quarters so they have to be at least melt value, I figure. My fault youre correct. Missed that the quarters were silver, in that case yes they would be about melt value. |
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Pillar of the Community
United States
4897 Posts |
You can get those Franklins for $100 give or take. Be patient find a much better deal.
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New Member
United States
7 Posts |
Wait, 100 for all 4? Not 100 each?
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Pillar of the Community
United States
797 Posts |
Yeah, should get each Franklin for 20-25 each pretty easy. Plus the quarters for slightly over melt.
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Valued Member
United States
187 Posts |
Quote:
I'm a relatively recent coin collector and recently came across an option to purchase a series of silver coins. I've searched the internet to get an idea of whether or not it's worth it, Also,you should invest in a " RedBook",and don't forget to check "completed sales" on e-bay. Oh,and by the way ! |
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Moderator
 United States
23522 Posts |
That's a great deal. If you're "Colonial Collectives," that is. You, as the buyer, are getting beaten with a stick.
By the way, Colonial Collectives has no BBB rating because BBB has been unable to gather sufficient information on the company, and because they did not respond to 2 different BBB claims filed against them.
Do not walk, run away.
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Pillar of the Community
United States
3755 Posts |
As has been said, do NOT even entertain this "deal". A Franky is not going to be over 100.00 unless it is a graded example of PF65 or better with a Full Bell Line (FBL) and Cameo designations. Unless it is an older coin, then its value will go up even if lower grade. |
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Pillar of the Community
United States
1195 Posts |
If memory serves, my dealer sells proof franklins at $5 over melt.
$125 is about the top of reasonable for the lot in my opinion.
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New Member
United States
7 Posts |
Thanks for the advice guys. I've turned down the offer and recommended the person try to return it to the source.
I do however want to start collecting coins, with an emphasis on silver and gold (things with melt value that would be valuable in the event of, say, economic collapse).
Would collecting the franklins at a more reasonable price be a good start? Any recommended sources?
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Valued Member
United States
86 Posts |
I'm also fairly new to the hobby and think buying Franklins would be a great way to start a silver stash.
My budget is small so my buying is rather narrowly focused for now, concentrating on ASEs and dollar commems for silver. Were I to have a surplus in my coin budget I'd start a Franklin collection in a heartbeat.
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Replies: 27 / Views: 3,533 |
Posted 11/22/2012 3:59 pm
