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 Replies: 17 / Views: 3,884 |
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Valued Member
Canada
215 Posts |
I have the chance to buy 25 Canadian uncirculated sets from 1962 - 1967 for a total price of $700.
Would this be a good price?
TIA!!
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Valued Member
Canada
170 Posts |
Im certainly no expert but- $28 per set and uncirculated I think it sounds fair.
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Valued Member
Canada
287 Posts |
I believe melt value on pre 67 sets is around 24.00
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Pillar of the Community
Canada
4944 Posts |
Current melt price is $575.48. At $700 you are paying $28 each set, and on ebay they generally sell for around $30. You're getting a price right around retail. |
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Pillar of the Community
United Kingdom
1351 Posts |
In 50 years they will be worth less or the same.
If you are collecting fine....why not buy something interesting?...and research it before you spend money?
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Pillar of the Community
Canada
726 Posts |
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Pillar of the Community
Canada
1461 Posts |
How will it be worth less or the same in 50 years? I doubt silver will be sitting at $22.50 CDN in 2064, inflation or not.
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Pillar of the Community
Canada
3049 Posts |
I guess I'm on the other side of the fence on this one... you're paying full retail for a large number of sets...
I think at the start of the negotiations I would be starting my offer to buy at around 10% below melt...
But that's just me..I suppose it depends on how much you want 'em..
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New Member
Canada
22 Posts |
i would walk, even though it's uncirculated, its still classified as junk silver.
If you're collecting it for the coin and not the silver, then to each their own, but I would walk
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Pillar of the Community
Canada
1046 Posts |
 buy them(imo) |
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Pillar of the Community
Canada
814 Posts |
if they are years like 61 or 62 or 63, I would buy them. You can sell those sets for 40 bucks. but anything after that I would not buy it. I can go down to the LCS and get the sets for 24 bucks........walk IMO
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Pillar of the Community
Canada
726 Posts |
.  .Early 60's are better than late.. Edited by persistnt
06/20/2014 12:36 am
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Pillar of the Community
Canada
867 Posts |
no,at the recent coin show here in Vancouver, more than one dealer was selling these for $24.50 each,....25 x $24.50 = $612.50...any cameo coins would have been picked over years ago.
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Valued Member
Canada
386 Posts |
I would offer $600 for the sets.
Silver will definitely be worth more than $22.00 an ounce in the future. Silver was worth about $1.00 an ounce 50 years ago.
Silver has see a decline in demand with the introduction of digital photography and the death of the film photography industry (a major user of silver).
But with the industrial uses of silver increasing rapidly (e.g. electronics industry), I would not be surprised to see silver at least $200 an ounce in 50 years.
Edited by 1945V
06/20/2014 05:57 am
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Valued Member
Canada
51 Posts |
I would say offer $650 for them. If not $700 is still a good price to me...
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Pillar of the Community
Canada
3049 Posts |
1945V: That's speculating on a commodity in the future... one should never overpay current trend prices on the speculation of what may happen 20 years later....
If you're buying this for strictly silver content.. try to get as close to current spot price as possible...
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Replies: 17 / Views: 3,884 |
Posted 06/19/2014 9:09 pm
