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Back in my Dealer days (when silver was under $4.00 & gold around $350oz) I would purchase .90 Silver Dimes to Half Dollars one of 2 ways:
#1) 2 1/2 times face for smaller purchases
#2) Face Value x .715 x. Spot on larger purchases
Morgans were $8.00 if not damaged & Spot x 0.75 per damaged Silver Dollar
Peace dollars were $6.00 each
Back in my Dealer days (when silver was under $4.00 & gold around $350oz) I would purchase .90 Silver Dimes to Half Dollars one of 2 ways:
#1) 2 1/2 times face for smaller purchases
#2) Face Value x .715 x. Spot on larger purchases
Morgans were $8.00 if not damaged & Spot x 0.75 per damaged Silver Dollar
Peace dollars were $6.00 each
Those were the days, huh? I still remember when silver was $7.00 an ounce, and common silver dollars were $7.00 each at my local coin store (something that my much less educated self didn't think made sense at the time, since they only contained 3/4 an ounce of silver).
Now, though, I lament not buying any of them! Instead, I picked up 10 Silver Eagles--my only big coin purchase back then--for $10 each a few years later, since I thought their higher silver content made them a better deal. Unfortunately, while those and silver dollars were around the same price at the time (in 2005 or 2006), the two coins have long since diverged. The value of the former continues to remain stagnant, while that of the other has shot up drastically.
I've only ever seen 90% silver resold as based on a "x face" percentage, but of course, I'm just a consumer and not a dealer.
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That's a pretty good deal. In my recent expeditions the avg. is 13.5x in the Indianapolis area.
That's a pretty good deal. In my recent expeditions the avg. is 13.5x in the Indianapolis area.
Yes, I thought so as well. It was 12x face before this whole "silver shortage" mess started, and then when I came back into town after going on a long vacation it had increased to 12.5x face. I figured that was still better than anyone else (I've seen as high as 15.6x face during trips to local coin stores), so I've been picking up as much junk silver as I can afford.
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Well color me surprised, it seems the tolerance on the post 1947 silver quarters is .19 grams.
The tolerances for the dime, quarter, and half were set in 1873 at +/- .097 grams .097 grams and.097 grams respectively. The tolerance for the dime remained unchanged until the silver was removed in 1964, but for the quarter and half dollar the tolerances took a large jump upward in 1947 when they were revised for the quarter and half to .194 grams and .259 grams.
Well color me surprised, it seems the tolerance on the post 1947 silver quarters is .19 grams.
The tolerances for the dime, quarter, and half were set in 1873 at +/- .097 grams .097 grams and.097 grams respectively. The tolerance for the dime remained unchanged until the silver was removed in 1964, but for the quarter and half dollar the tolerances took a large jump upward in 1947 when they were revised for the quarter and half to .194 grams and .259 grams.
Thank you for the verification; I greatly appreciate you looking up the tolerances for me. That would definitely mean all of the coins in question fall within the permitted Weight Tolerance. Perhaps the tolerances for the quarter and half-dollar were increased once mintages started getting ramped up in the post-World War II era?
Edited by Earendil
09/06/2015 08:55 am
09/06/2015 08:55 am



















