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 Replies: 25 / Views: 9,000 |
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Pillar of the Community
United States
619 Posts |
"Junk" silver is really hard to find lately for me, too. My LCS barely has any, and if they have it, it comes with around a 20% premium. Most of the pawnshops around here aren't much better. If I'm lucky I'll find a Peace or Morgan. Usually, they have lots of ugly old bars with "Christmas 1973", etc. on them. I did become friends with a guy who runs a gold/silver/jewelry place. Someone brought him a bag full of 90%, and he showed it to me. He wanted to flip it fast, so he gave me a killer deal. He charged me less than melt.  Edited by CPC24
05/31/2015 5:00 pm
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Valued Member
United States
205 Posts |
I am increasingly relying on my favorite couple of we buy gold/silver places.
Today I got several oz of mixed junk coins, including two 1921 Morgans (inital guess xf45-50) for just about melt...
AND he threw in 20 Liberty V and Buffslo nickels for free.. Well worn, but still good times..
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Pillar of the Community
United States
589 Posts |
I called my LCS today and they told me they have no 90% junk silver. I was shocked because this is a well connected coin store and they always have junk silver. People are buying 3 to 5 dollars face from him at a clip. I will have to call the local gold/silver place later today.
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Pillar of the Community
Sweden
1078 Posts |
I get to buy junk silver and gold for spot, no premium. I feel privileged when I read this.
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New Member
United States
16 Posts |
Hey new to the junk silver hoarding just wondering I purchased a few franklins half dollars for 7.50 each . Is this a good price or did I get ripped off or should I scoop up some more ? |
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Valued Member
United States
274 Posts |
Rookie cards, welcome to CCF! Junk silver dimes, quarters and halves are all .715 ozt per dollar. So, at 7.50 each, you paid $15 for .715 ozt, or $20.98/ozt. With the current spot price for silver, if you are only looking at silver value, you can do better. If you like the coins and are not buying stacks for investment, then I wouldn't lose any sleep over a few dollars.
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Pillar of the Community
United States
1277 Posts |
Agree with the above. If they are truly junk silver pieces, it makes no sense to pay $20.98/oz for non pure silver when you can buy bullion rounds/ 1oz coins that are pure.
If you are in it for the collectability of the coins then it could be fine. But, if you look around you could probably get some nice AU Franklins for around a dollar more per coin.
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Pillar of the Community
United States
1812 Posts |
I have been out of the gold & silver market since around 2003 and only have whats left in my old inventory... About 5 years ago I gave my daughter $1,000.00 in face value of 90% silver to cash in so they could relocate. That being said, the smelters have been melting pre 1965 (1964&earlier) 90% American Silver Coins for over 40+ Years and I don't think anyone knows how rare a once common date is, or if there are new key dates due to meltage.. I do remember the 1st run on silver, dealers were selling b/u rolls of 1930's, to 1964 dated rolls of Quarters because spot back then was valued more then Red Book, so many dealers made their profit selling rolls of silver... This was when The Hunt Brothers tried cornering the Silver Market.. When Silver hit $48.00 a ounce about 4 years ago, I set aside a lot of not-so-junk junk silver that I was going to sell when it hit $50 spot. While this never happened, all coins were highly collectable, Morgan dollars, Capped Bust Halves & Dimes, 1940's & 50's B/U Quarters (some nicely toned in original paper envelops), ect... I guess it would be impossible to know the surival mintage results since zero records that I know of exist, and only time will tell... Edited by Broken-Coin
10/30/2015 04:04 am
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New Member
United States
16 Posts |
Lunch money and machine thanks a lot! I felt it was a bit john but payed it figuring there was some collectablity to them . Also I work in nyc this is actually the cheapest I found . 50% of the others shops don't even have it . To Broken coins point they told me that they only buy that stuff to melt it . Maybe the town I live in is better to try but I never have time when I home .
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Bedrock of the Community
United States
10038 Posts |
 with Broken-coin. I was working as a teen in a coin shop back then. Silver at 50.00 an ounce was (according to which website you use) ~200.00 of purchasing power now. I could not believe the silver that came through the door. I remember seeing antique tea sets thrown around since the metal value had become more important than historic/sentimental. LARGE bins of coins were in the back room. None of it was checked over for key dates b/c there was too much moving in and out too fast. Even with this last ~50.00 an ounce rush the local coin shop guy told me he was doing the same. He said he had seen some likely MS stuff go into the pile, but there were just not enough hours in a day to go through it all. And since a mass-buyer does not want to get stuck when the eventual drop comes, he moved it out as fast as he could. So who really knows what is rare anymore - will we ever really know? BTW  Rookie Cards How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Replies: 25 / Views: 9,000 |
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Posted 06/01/2015 8:15 pm
