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 Replies: 23 / Views: 4,046 |
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Valued Member
United States
311 Posts |
Hi everyone first of merry Christmas or happy holidays. I was wondering I just started collecting about six months or so ago and I've been paying roughly around 2$ for circulated silver dimes. Is that a fair price? I live in Indiana, where do you guys live and what do you pay? Just wanna make sure I'm getting a good deal. Thanks Justin
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Pillar of the Community
1153 Posts |
$2 is what my LCS would charge. I too live in Indi ANA |
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Pillar of the Community
United States
7375 Posts |
That's 20x face. Sounds a bit high. I'd aim as close to a buck a piece as possible. Should be able to get them for $1.50, or even $1.20.
Edited by edweather
12/25/2015 8:04 pm
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Valued Member
United States
288 Posts |
The actual melt value of a US dime is $1.04 with silver at its current $14.38 value, so you shouldn't hope to pay less than $1. If the coins you are buying are in the VG-VF range with no serious flaws, you are paying fair money at around retail. If you were to visit your LCS or a pawn shop, you might score a roll of 50 random dates for $65-$70 or about $1.40 each.
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New Member
United States
3 Posts |
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Pillar of the Community
United States
650 Posts |
The 1975 dime ( no mint mark means Philly mint) is worth 10 cents in circulated condition. |
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Pillar of the Community
United States
3843 Posts |
For the Mercs and the silver Roosies the local coin shops in my area sell them for 13X face in their junk silver bins. The Mercury dimes are mostly heavily circulated (Approx. G to VF) and I've occasionally been able to get BU Roosevelt dimes from these bins (mostly 1960's but a few in the late 1950's). They let me pick and choose what I want which is nice. That being said $2 apiece might be fair if they are especially nice, like early date Mercury dimes in decent condition. Edited by Joe2007
12/25/2015 9:19 pm
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Valued Member
 United States
311 Posts |
Ok thanks for the input, unfortunately there isn't really any coin shops where I live except one in a flea market, and they are kinda high priced. Pawn shops around my area are outrageous on silver coins. I just joined the local coin club can't wait for the first meeting, hopefully I can get some info on some coin shops close by me.
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Bedrock of the Community
United States
11951 Posts |
I think $2.00 is to high
From a LCS $1.35 to $1.50 would be more fair.
From a individual, $1.00 to $1.30
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Pillar of the Community
United States
3843 Posts |
What area of Indiana are you located in? Maybe some our Indiana members can make some recommendations on where to find competitive prices. You shouldn't have to pay $2 each for something that should be widely available for less.
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Pillar of the Community
United States
3210 Posts |
Try online....look for rolls you can sometimes get nice rolls for a bit over melt.
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Pillar of the Community
United States
898 Posts |
I purchased a roll to start my Roosevelt dime set and filled all but maybe 10 spots from the silver roll. I sold the rest to pay for the 10 I needed. It was definitely under 20x FV |
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Valued Member
United States
311 Posts |
I live in Muncie Indiana. The place I've been buying my coins from charges what ever the Coin World magazine price is. Which seems high sometimes. |
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Pillar of the Community
United States
509 Posts |
I've been working on filling a set of silver 1916-64 ('mercs and roosevelt) and only have 16d, 21 and 21d remaining... I paid 13-16x face for the majority. I did have a few trades as well.
I'd keep looking at LCS, I finally found a store that typically has 1000 dimes in junk and let's me take an hour to look through them all picking what I want...
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Pillar of the Community
United States
1068 Posts |
Welcome Justin, I don't live too far away from you (Shelbyville)... I just posted a thread a week ago about buying silver "Rosie's" for $2 apiece and everyone there told me that was way too high and even $1.50 was a bit high... Might I suggest taking a drive (if possible) over to Silvertowne in Winchester which isn't too far at all of a drive for you and look at they have to offer.... Good luck!!
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Valued Member
United States
311 Posts |
Thanks Bryan, I'll definitely make a trip there before too long.
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Replies: 23 / Views: 4,046 |
Posted 12/25/2015 8:02 pm
