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 Replies: 12 / Views: 1,382 |
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Valued Member
United States
55 Posts |
Today I drove up to an indoor fleamarket which I know has a pretty large coin shop in it. I looked in the display case where he keeps the junk silver and immediately saw that the quarter bags were not only washingtons, but also entire bags filled with standing liberty and Barber quarters. They were priced the same as the washingtons and were all grouped as junk silver, so I purchased the best looking barber in one of the bags for a few cents over silver spot. As far as the condition, they were all only slightly worse than the one in the included picture, the standers were essentially the same. From a numismatic standpoint, would it be worth going back and buying a lot more than I did or is this one I did buy essentially only worth the silver?  Edited by JoeGlantz1
07/06/2014 7:08 pm
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Pillar of the Community
United States
2368 Posts |
I would jump at the opportunity. Barbers for silver? Heck yeah!
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Moderator
 United States
15394 Posts |
I would purchase any classic series silver coins I could find priced at current melt value. Quote:
From a numismatic standpoint, would it be worth going back and buying a lot more than I did IMHO ... no. That said ... common date coins in circulated condition will always be common coins ... there is little to none numismatic upside to them as an investment. You could bet on silver prices ... as such a possible investment. Old Barbers and SLQ are great fun ... and I would purchase every one I find at melt just for the joy of having them ... no investment potential expected. David Take a look at my other hobby ... http://www.jk-dk.art |
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Pillar of the Community
United States
927 Posts |
When I find Barber quarters about melt then I buy them. They will never be worth less than Washington's. However, I asked a dealer who had a junk box with Barber quarters for about double spot and I asked him what he pays for them. He said he only pays spot price for them. Oh well. |
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Bedrock of the Community
Australia
21786 Posts |
I have done the same thing, but with World coins, that nevertheless includes U.S. coins.
The average condition is a little better for the same average price range.
I originally asked myself this question:
'What would be the coins that my grandfather would have collected?'
The answer would have been most probably the coins of the 19th Century.
One thing that coins of the 19th century offer is that all three metals (gold silver and bronze) were in circulation, that is they were all used in common circulation, and were all actually USED as MONEY. They carried their own guarantee of value in the intrinsic worth of the metal from which they were made.
Yet, they are relatively easy to obtain compared to coins of earlier centuries.
As such, this is really the primary use for which coins were made.
To the question that was originally posed:
Coins of the 19th century are no better or worse for investment than coins of any other period.
Edited by sel_69l
07/07/2014 10:05 am
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Pillar of the Community
United States
5825 Posts |
First, coins are NOT good for investment purposes.
BUT
If you buy them as bullion (and pay the appropriate price) then they are a reasonable investment -- as long as you are in it for the long term.
And if you can buy silver coins for a few cents over their bullion spot value then, yes, go back and buy more.
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Pillar of the Community
United States
1804 Posts |
Load your boat with Barbers when you can get them close to spot.
Just my opinion.
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Valued Member
 United States
55 Posts |
Thanks for all the great detailed responses everyone. I might go back and pick a few of the best of the bunch up, but I don't imagine I'll buy that many.
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Pillar of the Community
United States
8515 Posts |
Learn how to identify a no date 1916 SLQ and key date Barbers. You never know.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
7375 Posts |
Where did you say that flea market was  |
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Valued Member
United States
55 Posts |
edweather, it's the "Town Square mall" on commercial way in spring hill, florida.
Edited by JoeGlantz1
07/07/2014 2:43 pm
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Pillar of the Community
968 Posts |
I'd look for keys and anything in F or better for barbers, and VF for SLQ's... the rest is just junk silver contrary to what many here say. I could pick up $10 face (at least!) in that stuff a week for a touch over melt.
Edited by chasingtailbar
07/07/2014 3:28 pm
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Pillar of the Community
United States
2540 Posts |
Nah, grab them.
I have tons, and still would buy at silver.
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Replies: 12 / Views: 1,382 |
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Posted 07/06/2014 7:26 pm
