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 Replies: 37 / Views: 3,489 |
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New Member
United States
23 Posts |
Hello, I'm new to this site and collecting coins. I know little to nothing about coins so I was hoping someone could help me out. I have a running auction on ebay for a little over 400 coins (All are in pure silver). I was wondering if anyone could give me a rough estimate of what they are worth. I provided all the information needed in the auction. I haven't had it appraised and don't really plan to but if someone can give me a rough figure of the value I would certainly appreciate it very much. Thanks in advance! ~Mark |
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New Member
 United States
23 Posts |
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Pillar of the Community
United States
2797 Posts |
icancu, All but the 65-68 Kennedys are 90% silver (65-70 Kennedys are 40%). Here are the conversion factors for your collection: Dimes - .072 troy oz each Quarters - .18 troy oz each 90% Halfs - .36 troy oz each 40% Halfs - .1608 troy oz each Just get the current silver spot price and do some multiplication.  p.s. - this is just bullion value for the coins. If you are listing them like this, then that's all you will be able to expect for them. If you have some rare or gem specimens in the mix, then you won't get more than melt for them. Edited by SeatedNut
10/17/2007 11:56 am
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New Member
United States
23 Posts |
Do you know if these coins are desirable for someones collection? I just went to the silver spot price and it looks like everything is in graphs. I don't know what to do.
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New Member
United States
23 Posts |
On the US Spot Silver Graph it states "13.65" Price in USD per oz. Does that mean each coin is worth 13 cents? I never did this before so I haven't a clue.
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Pillar of the Community
Canada
965 Posts |
At $13.65/oz, you are looking at roughly $600 melt value if I did my math correctly. Unless the coins include key dates, which we can't tell from the picture, I wouldn't expect the auction to go over that amount. Then again, it is ebay and you could get much more than that, too. It's difficult to say. Edited by Topher
10/17/2007 12:24 pm
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New Member
United States
23 Posts |
Thanks for the responses. Can I ask what are the key dates everyone is interested in?
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New Member
United States
49 Posts |
Take a look at http://www.numismedia.com/fmv/fmv.shtml to get an idea of date/mintmark combinations that are particularly desirable (ie, worth a lot of money) for various series of coins. Value will depend on condition, too. Your best bet would probably be finding something in the Mercury dimes (such as 1916-D, 21, 21-D, 42 over 41) or the Washington quarters (1932-D and 32-S). |
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New Member
United States
23 Posts |
Thank you very much for the link, More Power. This helps out a lot.
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New Member
United States
23 Posts |
Wow again thanks for the link. I never knew just how much these coins were worth. Can I ask: Will the silver coins appreciate or deappreciate in value in the future?
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New Member
United States
49 Posts |
No one can say for certain if the silver coins will appreciate in value in the future. Their value (simply based on silver content) will follow the market. It may be difficult to find someone willing to pay much over spot value for low grade, common date coins. For a fairly current silver price, as well as historical charts, you can check out http://www.coinflation.com/silver_coin_values.html. |
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Bedrock of the Community
United States
14454 Posts |
with coins you have bullion value plus you also have desirability and condition value. Some date and mint coins are worth a whole lot more than a common date and mint coin of the same series, then you may have a common date coin that is in super quality that would make that coin worth a whole lot more than just bullion value also. When most people sell coins for just bullion the coins are not key dates nor are they in very good quality (most you can't even read the dates or see the portrait on the coins and they can have nicks and be beaten up pretty bad, but still be worth spot price of silver on that particular day) so they just sell them as junk silver. If the coins are in very good quality they sell the coins as collectibles instead of bullion and they get allot more money for their pieces they are selling but they usually sell each coin individually to gain the most money
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Bedrock of the Community
United States
14454 Posts |
Edited by Bryan1315
10/17/2007 2:02 pm
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New Member
United States
23 Posts |
Yes, that is my auction. I'm not one to grade but nearly every single coin looks to be in very good condition. The dates and potraits are completely visable.
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Valued Member
United States
280 Posts |
apmex.com and mjpm.com are decent sites for a quick glance at the going "BUY" price for silver. 3.7 times face for 40% kennedies is good and 9.1 times face for 90% silver. This is a good starting point for a base price. Obviously the desireability of any specific coin raises it's price. My recommendation is to get a Red Book (from the local library, doesn't need to be current) and look up each one of your coins. If it's value is significantly more than all the other dates of the same type of coin, you know you have a coin that is desireable. |
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Pillar of the Community
Australia
2830 Posts |
G'day, I think icancu202 would have been better advised to spend time on this forum before putting his coins up for auction. As it is, this method involves minimum effort, and guarantees minimum return.
icancu202: you have listed more than 400 coins in one lot. Who wants 400 coins ? Only dealers, and they can only afford to pay wholesale price.
Secondly, only a gambler would pay more than melt value. But if there is one coin among these that is worth more than melt, the buyer wins, and you lose. Perhaps all of them are premium coins - but you'll never know.
I see you have "Unknown of origin Gold Coin (1902)" - seen the price of gold lately ? Is your coin big or little ?
I just wish you were selling Australian coins.
Hang on ... you don't have any razoos, do you ?
Peter in Oz
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Replies: 37 / Views: 3,489 |
Posted 10/17/2007 11:53 am
