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 Replies: 14 / Views: 2,102 |
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Pillar of the Community
United States
1804 Posts |
The heart of my question is, I have a relative who may wish to get rid of 70-75 common, circulated (bullion) Morgan-Peace Dollars. No CCs. What would be a fair amount for both parties over SPOT SILVER? $2? $3? $4? $4? $5? $6? Other? In both cases, one does not need the cash, and the other does not need the coins. Only issues is the fairness of doing it. 
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Pillar of the Community
United States
1309 Posts |
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Pillar of the Community
United States
1566 Posts |
Common Morgan and Peace dollars are going anywhere from $18 to $22 dollars in normal circulated condition so $4 to $5 would be fair to both parties in my opinion. |
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Moderator
 United States
56855 Posts |
If your relative is going to sell the coins anyways then you should pay what a LCS would pay. John1  |
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Pillar of the Community
United States
7390 Posts |
$1500ish would be a good for the lot
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Moderator
United States
23522 Posts |
They're going to track melt to an extent, and silver is kinda low. So, the prices suggested are reasonable to the relative, while you still have upside when silver rises again.
And silver will rise. It remains a very good solution to many technological problems regardless of collector demand.
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Pillar of the Community
United States
2815 Posts |
I would say $4 over melt. I hope you get them!
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Pillar of the Community
United States
3343 Posts |
I'd offer low retail of $20 a coin. That's $7.64 over the melt value of $12.34 using $16/oz silver. If they sell to a dealer they're looking at about $15 per coin. The dealer has to offer a small premium over melt to get them, but has to flip them in the $20-25 range. For other 90% silver coins there's no premium over melt at all.
If you're the buyer don't gyp them. They won't forget.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
04/11/2015 10:01 pm
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Pillar of the Community
United States
6478 Posts |
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Pillar of the Community
United States
1247 Posts |
I think you should pay what you think it is worth. and what the seller thinks they are worth.
If you are a collector and he isn't then pay him bullion value +2.00, or whatever you two feel is fair.
If I had a relative who didn't collect coins and offered them to me, I would pay spot + 1 or 2 dollars.
Paying "extra" when you don't have to is just dumb.
I don't sell my coins unless they are duplicates of something I already have.
And I don't buy to resell.
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Pillar of the Community
 United States
1804 Posts |
A full basket of thank you(s) for all the help.  The average of all ideas is good enough for me. Now we can see how the party of the second part responses.  |
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Pillar of the Community
United States
7390 Posts |
Cool. Let us know:)... I can't believe this post was 2 weeks ago. Seems like it was yesterday. Where did the time fly?
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Moderator
United States
188440 Posts |
I hope the deal works out for you. Nothing better than getting something at a fair price for both buyer and seller.
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Pillar of the Community
United States
2815 Posts |
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Pillar of the Community
United States
1704 Posts |
I would pay at least what the LCS would pay. If you do not and he/she finds out he/she could have got more for them there then that could cause problems you do not want.
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Replies: 14 / Views: 2,102 |
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Posted 04/11/2015 3:54 pm
