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 Replies: 9 / Views: 1,500 |
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Pillar of the Community
United States
589 Posts |
I have been looking at e-bay and wanted to pass this by you all. I am seeing the Silver Washington quarters selling at anywhere between $ 6.00 to $ 8.00 for a really worn down specimen (Good Condition). Is this because of the silver content that people are buying them at such a high price. The worst part is the shipping for one coin alone averages $ 2.00. Just curious what your thoughts are. Personally I only look at the BU or proof silver Washington quarters. They are of course higher than what I listed above but are much more desirable to me to collect. John |
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Pillar of the Community
United States
1795 Posts |
I agree with you 100% I won't buy anything less.
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Bedrock of the Community
 United States
12819 Posts |
John - ebay can be a good place to get a deal - or it can be a waste of money. As you pointed out, shipping is an issue, and it makes no sense to buy one coin for 6 bucks and pay an additional 33% to ship it. But, it does cost money to ship things, and there are sellers' fees and all, so keep that in mind. Best best is to buy a few lots from the same seller. That way you can typically combine shipping and bring the cost of shipping per unit down. Check your local coin shop or bullion dealer. A lot of times they'll have BU '63s and '64s in their junk silver, which you should be able to get for right around spot. |
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Pillar of the Community
United States
1208 Posts |
ebay is full of people that overbid because they get caught up in the 'competition', then you add all the people that have 'silver fever'... It's a seller's market. And yes, when it comes to modern issues, it doesn't make any sense to bother with circulated coins when mintages were so high. Even if the key dates take a bite out of your budget, you know they are 'winners' and will hold their value better than problem coins.
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Valued Member
United States
402 Posts |
Are you talking about pre 1964 silver or modern silver proofs? Until recently Washington quarter melt value was almost %5.00 for any piece of junk. Now its down to $3.80. As for shipping I know there are many, many dealers, myself included who offer free shipping or shipping for a $1 or less. If you are a newbie to ebay take your time and look at the many dealers who offer free shipping or less than $1 shipping. Just my opinion. edgman |
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Pillar of the Community
United States
1088 Posts |
You really have to do some homework when it comes to ebay. Like it was said before, you can get a great deal or a complete waste of money. Make sure you know the value of what you are bidding on and keep an eye out for deals. Listings that end either early in the day or late at night often go for the lowest prices in my experiences. The auctions that end mid afternoon to 9-10 at night go for the most. |
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New Member
United States
32 Posts |
i agree, people are just trying to rip you off. Worn silver coins have less silver!
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Pillar of the Community
United States
2311 Posts |
I just pay what I feel is fair.
Example, silver quarters = 5,00 and Dimes = 1,50.
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Valued Member
United States
173 Posts |
If someone's building a set of Washingtons in G condition and needs a certain date... $6.00 really isn't that bad a price considering what silver recently reached, how many similar coins were melted thus removed from supply, and one's own collector value. Anyone in this position gets the hole filled and a near guaranteed posibility of the intrinsic value exceeding $6.00 in the very near future imo.
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Pillar of the Community
United States
1817 Posts |
I remember just a few years ago you could get common date Washington quarters from the late 40's and 50's for $3-$4 in BU. Now cannot be had for under $10, silver fever is at an all-time high. Even though it only has $3.50 worth of metal, people will pay $7-$8 for worn coins. Silver has to hit a certain low and stay there for people to exit the market for the coin market to stabilize. Two times melt for a common worn coin is just crazy. |
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Replies: 9 / Views: 1,500 |
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Posted 06/18/2013 2:10 pm
