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 Replies: 24 / Views: 6,254 |
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Pillar of the Community
United States
589 Posts |
I have to ask this. If silver is down why are people on ebay still paying more for 90% silver coins? I have noted this more and more as I search for 90% junk silver coins that are close to melt to stack. I have seen the Washington quarters going for 1.50 over melt. Is this the trend.? |
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New Member
United States
26 Posts |
I have noticed on ebay too... I'm also not sure. |
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Valued Member
Canada
453 Posts |
Some folks believe that the price of silver will soon rise significantly. It is those people who are bidding up the coin values on ebay. I have found much better prices when I buy silver coins from the gold and silver buyers. |
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Bedrock of the Community
 United States
12822 Posts |
Some people have no other way (or so they believe) to purchase silver other than ebay. There are so many other options. This is what ebay has turned into though. |
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Valued Member
United States
300 Posts |
If you are looking for junk silver try the 80% CANADA silver coins. Be advised that the '67 may be 50% and the '68 will be 50%. Premium is not as high as most of the US stuff pre-65.
CAN coins (not pennies) through 1919 were 92.5% silver--Newfoundland dimes were 92.5% silver up to 1944.
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Pillar of the Community
United States
4333 Posts |
Gothic, SOME of the 1968 Canadian quarters and dimes are 50% silver, and some are copper/nickel. The mint changed comp mid year.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
 United States
589 Posts |
I checked out the silver canadian coins mentioned here and they are going for more than melt as well. I really only buy 90% or higher junk silver coins since I can sell them faster than 50% to 80% silver coins if need be.
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Valued Member
United States
300 Posts |
Good point fistfull on the 68s. You can get CAN coins under melt--most often if the seller does not ship to Canada and is not a dealer who holds frequent auctions for the amusement of the ebay Casino playez who are trying to prove that they are the biggest... Much less frequently can you get US coins under melt--usually when someone new throws them up on a quickie auction. |
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Pillar of the Community
United States
7375 Posts |
Individual coins on ebay sell for a premium, but lots/rolls are close to melt. |
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Valued Member
United States
105 Posts |
I buy junk silver for the same reasons I stack... trading in a potential barter economy, a hedge against hyperinflation, and to anger the banksters. I'm willing to pay a premium on ebay if it saves driving 50 miles one-way to the coin shop and over-spending my budget on something that flings a craving on me while I'm there. (Nobody here can relate to that, huh?  ) While we are on the subject of Constitutional silver, a question I've had on my mind lately is what combination(s) of old silver coins will approximate a troy ounce of silver? |
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Pillar of the Community
United States
2637 Posts |
Quote:
a question I've had on my mind lately is what combination(s) of old silver coins will approximate a troy ounce of silver? IIRC, two halves, a quarter and a dime. |
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Pillar of the Community
United States
589 Posts |
@ buffalow, I just received in the mail my first 90% silver ebay auction win for 1 troy ounce. I received 1 half, 1 quarter and 5 dimes. I read somewhere on the net that basically for 1oz troy 90% silver you get a face value of $1.25. This depends of course on silver's trading price right now. |
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Pillar of the Community
United States
2637 Posts |
Two halves are .7234 ASW according to Yeoman's RedBook. The reciprocal of .7234 is 1.38. Thus $1.38 would equal a troy ounce of silver. NB there is more silver in a silver dollar than in a dollar's worth of subsidiary coins. |
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Valued Member
United States
105 Posts |
Thank you for your helpful assistance.
Edited by Buffalow
09/30/2014 07:19 am
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Valued Member
United States
90 Posts |
Why would the price of silver matter. Wouldn't a troy oz of 90% silver coins always be the same. About $1.40 any mixture of 90% silver?
Also with silver at 17.50 right now what would be a good price to buy $1 face value of 90% silver coins. Thanks for the help.
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Pillar of the Community
United States
1234 Posts |
Edited by ASLAN TVorlon
10/13/2014 11:58 pm
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Replies: 24 / Views: 6,254 |
Posted 09/14/2014 8:29 pm
