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Barber Bullion

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United States
6 Posts
 Posted 10/29/2015  11:49 pm Show Profile   Bookmark this topic Add lonewolf83 to your friends list Get a Link to this Message Number of Subscribers
Was just curious to know if barber series is a good coice for investing in junk silver. They have a hefty premium, thoug in ag they are very worn so ther re melt value has decreased some. Would a dealer pay you more than the melt value for them since they are sold for more than melt value?
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SilverStackerKid's Avatar
United States
6478 Posts
 Posted 10/30/2015  12:02 am  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list Get a Link to this Reply

Quote:
houg in ag they are very worn so ther re melt value has decreased some


Not true. The metal just gets moved around and pushed into the coin not worn off.

Barbers could be a nice investment. They only get older, but then again, who knows if anyone will want barbers in the future. They do command a small premium above spot, but I don't think dealers will pay more than spot. Also, they do get expensive in higher grades.
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machine20's Avatar
United States
1277 Posts
 Posted 10/30/2015  09:00 am  Show Profile   Bookmark this reply Add machine20 to your friends list Get a Link to this Reply
pushed into the coin...?

They do weigh less. I would guess that a dealer would only pay spot for them based on face value and not the actual coin weight. You would be able to do better than that though selling to a collector.
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 10/30/2015  1:16 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
I've seen dealers weigh junk 90% silver when buying. Good percentage of weight loss, especially in U.S. Quarters and dimes.
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AES's Avatar
United States
452 Posts
 Posted 10/30/2015  2:39 pm  Show Profile   Bookmark this reply Add AES to your friends list Get a Link to this Reply
A guy came into the LCS with one of those plastic tubes of junk barber and winged liberty dimes. They were so worn, there were over 70 dimes in that tube.
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