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Pre 1947 Shillings..good Deal?

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Valued Member

United Kingdom
52 Posts
 Posted 03/29/2014  7:26 pm Show Profile   Bookmark this topic Add Greg8904 to your friends list Get a Link to this Message Number of Subscribers
Hey whats a good price per shilling on average no rate dates. Is £40 for 70/13 for £10 ,45 for £30 good? I'm doing it for date runs but dont want to pay loads.
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awallin01's Avatar
United Kingdom
477 Posts
 Posted 03/29/2014  7:51 pm  Show Profile   Bookmark this reply Add awallin01 to your friends list Get a Link to this Reply
I'd say they're good prices, say they are .500 silver versions that equals 2.827*grams of silver content.

70*2.827=197.89g
45*2.827=127.215g
13*2.827=36.751g

With silver being about 0.42p per gram, you'd be under or about paying spot bullion value. So with the gram totals, if you're spending about 2/5's of the weight in money that's good 197.89/5=40(approx) 40*2=80. Obviously the more you get, the better the value economies of a scale. In my opinion I'd buy them, and these prices are just on silver content. At 50%, there may be higher content coins aswell. Then if some of them are in good condition you have added numismatic value, if they aren't in good condition you have bullion.

*** Edited by Staff - Please Review the rules that you agreed to when you registered. ***

Made a few amendments of the weights, more precise.
Edited by awallin01
03/29/2014 9:13 pm
Valued Member
United Kingdom
52 Posts
 Posted 03/29/2014  8:05 pm  Show Profile   Bookmark this reply Add Greg8904 to your friends list Get a Link to this Reply
Ive got written down shillings pre 1920 are £1.98 each and post 1920-1946 are £1.08 melt value..is that about right? I want for my collection not melt though. Just want a decent price :)
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awallin01's Avatar
United Kingdom
477 Posts
 Posted 03/29/2014  9:09 pm  Show Profile   Bookmark this reply Add awallin01 to your friends list Get a Link to this Reply
Yeah those prices are good :), they are about spot value. I know you don't want to melt them, it's just if they don't turn out to be very good-you can use them as silver bullion and amass a nice amount.
Silver content in a shilling is as followed: pre 1920 0.1682 troy ounces about 5.2 grams of silver content
1920-1946 0.909 troy ounces about 2.8 grams of silver content
Shilling weight about 5.7g and way earlier ones about 6g, your prices are good/right. It's really good to be able to get them at spot value in my opinion, but if you buy more bulk let economies of a scale take place.

Another quick thing if you are pricing by silver spot, keep an eye on the market-always changing ;). I wish I could find spot silver coinage.
Edited by awallin01
03/29/2014 9:15 pm
Pillar of the Community
United Kingdom
1351 Posts
 Posted 03/29/2014  9:21 pm  Show Profile   Bookmark this reply Add peter1234 to your friends list Get a Link to this Reply
Anything under GEF is worth melt.
Try and sell it to a coin dealer.Ebay is full of mugs.
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Kefiroth's Avatar
United States
1431 Posts
 Posted 03/30/2014  09:38 am  Show Profile   Bookmark this reply Add Kefiroth to your friends list Get a Link to this Reply
I think what he's saying is that it's better to sell to a coin dealer than on ebay, because ebay is full of unscrupulous people who will try to cheat you out of your money after you've sent them your coins. Which is true to some extent.
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awallin01's Avatar
United Kingdom
477 Posts
 Posted 03/30/2014  10:36 am  Show Profile   Bookmark this reply Add awallin01 to your friends list Get a Link to this Reply
If that's the case I'll delete my message, must of interpreted it wrong. But in my experience on ebay, it's rare to come across these issues on ebay. No to say they don't happen, just for me wouldn't be a big enough reason not to use ebay. But hey everyone's different.
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