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 Replies: 8 / Views: 1,057 |
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New Member
United States
1 Posts |
My dad recently passed away and left a bag of 500 silver dollars. They are all dated 1922 thru 1935. From a little searching, I take it they are Peace dollars. A local pawn shop offered me $8.00 apiece for them. Is this good or reasonable? Maybe I should just keep them for my grandkids. Would really appreciate some insight from you pros. Thanks, Wes |
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Pillar of the Community
United States
827 Posts |
The silver content in them alone is worth more than $8 a piece. You can ebay each single one or auction them as a lot. Best recourse is to inform yourself what is it you have really. Some of these can reach into the several thousands of dollars each, depending on their condition, date and mint mark. Imagine you had several 1928 Peace dollars in there, each in very fine 20 condition Red Book value is $475 each. I'd say inform yourself of what you have, or ebay each one piece by piece on ebay or ebay them as a lot taking good pictures and documenting what dates and mintmarks you have so you can get the best monetary retrn on them. |
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Pillar of the Community
United States
668 Posts |
personally, unless you need the money I would keep them. But if you are going to sell them, Id find out the key dates, and see whats worth what. like sleak said,if there are any key dates in there they could be worth alot. $8 each is ridiculous... At the current spot price they are worth about $10 each.
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Bedrock of the Community
United States
14454 Posts |
$8.00 a piece is way too low, if these are in a bag chances are they are uncirculated coins and even the common dates can be worth 30-40 dollars in MS-63 (which I would guess the average would be in a uncirculated bag of Peace dollars) then you have the semi-key and key dates like 1921,1924-S,1927-S,1928,1928-S,1934-D,1934-S and 1935-S can sell for a few hundred dollars and up a piece in MS-63 condition, the 1934-S alone can sell for a couple thousand dollars in this condition so I think the dealer was trying to take advantage of you on this deal Edited by Bryan1315
10/08/2007 7:18 pm
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Pillar of the Community
United States
533 Posts |
Follow the link on the left "US Coin Facts" and do a quick check for mintage numbers. The fewer coins made the more valuable they are, generally speaking. That could give you an idea for some of what you have. To get more exact I would drop a few bucks and get a Red Book. Of course the values are not exact but I am pretty sure that you will find some are worth a bit more than spot silver price. Good luck and please let us know what you find!  |
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Bedrock of the Community
United States
14454 Posts |
I about forgot that you also have VAM collectors that would search for specific VAM's you may have in that 500 coin bag of Peace dollars and some of those VAM's can make a common date which would be worth 30-40 dollars worth a few hundred for the right VAM |
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Pillar of the Community
 United States
2703 Posts |
Sorry to hear about your father passing away. Loss of a parent is tough.
Here is some basic information about coins, which you probably know already, but just in case. Don't try to clean them. If they look shiny new, be very careful not to get your fingerprints on them, hold them by the edges only and wear cotton gloves. Handle them as little as possible, don't let them bang together and nick the surfaces. If they are in mint condition, a few small marks can make a big difference in value. A fingerprint or smudge can cause a big loss in value. If you do need to handle them, put a towel down underneath your hands in case you drop one. Learn as much as you can about them before you try to sell them. This is a great place to ask questions, keep them coming. If you can post some pictures of the coins, we can better understand what you have and estimate their value.
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Pillar of the Community
United States
954 Posts |
 Sorry to hear about your Dad... |
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Pillar of the Community
United Kingdom
2217 Posts |
You really want to sift out the rarities before you let them have them for anything like that! -I am sure they are hoping for you to just hand them all in un-preened so to speak so they can make a modest profit on the 'normal ones' taking £4 as a good rate for buying them in and keeping a keen eye on the 'nicer' ones to make a nice profit too ;) You were right to come here for advice first!  So, basically, get sorting out the rare dates and put those aside before you do anything else .... Edited by NumisMattyUk
10/08/2007 8:08 pm
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Replies: 8 / Views: 1,057 |
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Posted 10/08/2007 5:56 pm
