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 Replies: 10 / Views: 1,713 |
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Pillar of the Community
United States
597 Posts |
i have a bunch of silver coins Morgans,peace,Kennedys 90% and 40%, Washingtons, merks,
what is the best way for me to sell them? keep in mind the 64 halfs most are really nice and luster still on them the other coins are just regular now should I sell them for melt if so where? thanks as you know I'm a small cent guy not a silver guy
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Valued Member
United States
77 Posts |
IMHO; If you are part of a coin club, or just know some other people that might be interested in buying silver, ask them if they are willing to pay full spot. People who are buying usually have to pay over spot, and people who are selling usually have to settle for less after everything is accounted for. If that doesn't work out and you have a good relationship with a dealer I would go that route. You would of course get somewhat less than ebay, but it's a lot simpler with no fees. Outside of that, then I would do the ebay route. There are a lot of people on there watching for silver, and you can be sure it will go to full value. |
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Pillar of the Community
United States
5841 Posts |
And, of course, you can always offer it for sale here on this board (assuming you have enough posts, which I believe you do).
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Pillar of the Community
United States
919 Posts |
You would have no trouble selling those coins (40% being the toughest to sell).
The 64's are very common and even in AU they usually sell for melt (about $12 per coin).
The Morgans and Peace sell for a bit of a premium. Currently many dealers sell Peace in VF/EF for $30-32 and Morgans a couple bucks more (in my area). Dealers would probably offer you mid to upper 20's per silver Dollar(unless you have some special ones or BU grade ones).
(124) Not Allowed - Auto-Removed .com is a good site to see what the silver value of each coin is. I think it is more fun to buy this type of silver over Silver Eagles.
Edited by tpg22
12/10/2012 1:22 pm
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Pillar of the Community
United States
2373 Posts |
If you sell your dollar coins individually on ebay it run about $5.00 each for fees and mailing costs. You should take that into consideration before deciding on the method. I just bought 11 circulated morgans today for $26 each. They were common dates in the fine to extra fine category. The price for common morgans fluctuates from melt to about $4 over melt in this area. Today wasn't the norm by any means. Usually the premium is about $2 above melt. nlp |
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Pillar of the Community
United States
1510 Posts |
try "collectors universe" I sold 3 books of silver in a day
Retired USAF 1983-2003
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Pillar of the Community
United States
3184 Posts |
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Valued Member
United States
110 Posts |
You'll get the best price and fair deal if you sell it here.
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Pillar of the Community
United States
5841 Posts |
Did I mention that you can always offer it for sale here on this board?  |
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Valued Member
107 Posts |
You can just sell him here on the board
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Pillar of the Community
United States
919 Posts |
I'm guessing he has already been contacted by members. These types of coins don't seem to last long here.
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Replies: 10 / Views: 1,713 |
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Posted 12/10/2012 12:35 pm
