Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
300,000 items to help build your collection! Shop for APMEX Bullion on eBay!Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics Join Thousands of Coin, Bullion, & Money Collectors Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Coin, Banknote and Medal Collectors's Online Mall








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Advice For Selling Coins From A Silver Hoard

To participate in the forum you must log in or register.
Author Previous TopicReplies: 18 / Views: 4,143Next Topic
Page: of 2
Pillar of the Community
Steelers72's Avatar
United States
1448 Posts
 Posted 06/07/2016  2:27 pm Show Profile   Bookmark this topic Add Steelers72 to your friends list Get a Link to this Message Number of Subscribers
I am going through a relative's silver stash, and I have come across many Kennedy halves (90% 1964s, 40% 1965s, and clad ones), Eisenhower Ike dollars, Roosevelt silver dimes, loads of Jefferson War Nickels and Wheat pennies. Also around 15 Ben Franklin halves which I posted individually on ebay. There are also many Walking Liberty half dollars and Silver Dollars but those are much easier to sell individually I feel.

The condition of these coins range from Fine and upwards, but no proofs and only a couple I would deem Mint State.

What would be the best way to go about selling these coins? Individually or in groups? There are too many coins to show pictures otherwise I would. We had a 30 pound bag filled with almost all Mercury dimes and some Roosevelts that I have to go through and check for key dates.

Any advice or tips are much appreciated!
Edited by Steelers72
06/07/2016 2:32 pm
Pillar of the Community
Learn More...
BigSilver's Avatar
United States
2843 Posts
 Posted 06/07/2016  2:59 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
You can sell the 40% in lots of , say, 40 and get close to $2.50 each on ebay. That is probably your best way to sell 40% halves. (You should check for error/varieties such as 1966 no FG.)
Pillar of the Community
ace_ftw's Avatar
Canada
1747 Posts
 Posted 06/07/2016  3:02 pm  Show Profile   Bookmark this reply Add ace_ftw to your friends list Get a Link to this Reply
I am assuming you have gone through and looked for any key dates with the Mercurys, and the walkers. Did you look for any Henning nickels?

If you are sure these are basically just silver bullion coins, its probably just as well to sell groups of coins. Sell the ikes together, the War Nickels, then put together the 40% halfs, then I would make up bundles of say $1 to $2 face value, and sell as a bulk silver lots.
Pillar of the Community
eaglefoot's Avatar
United States
6326 Posts
 Posted 06/07/2016  3:21 pm  Show Profile   Bookmark this reply Add eaglefoot to your friends list Get a Link to this Reply
Or you could just mail them all to me, and i'll send you a cookie...

But yeah, I would think making "lots" or "groups" of these is your best bet.
If it's just junk silver, say so in the auction.
Pillar of the Community
Steelers72's Avatar
United States
1448 Posts
 Posted 06/07/2016  3:22 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list Get a Link to this Reply
I havent checked the Mercs yet, so many to go through. I am thinking the Kennedy halves are just junk silver, so would I price them according to their melt value or add a couple bucks to it? IE if the metal content in the War Nickels are 93 cents and the 40% Kennedy's are $2.43 currently, would asking 3-4 each be too much or too little? I don't recall seeing coins selling for exactly their melt values so that is the issue I am facing.

I collect Capped Bust halves so all these other coins can get perplexing at times, so I have to do a lot of researching. Thanks again for the tips
Pillar of the Community
Steele's Avatar
United States
1119 Posts
 Posted 06/07/2016  4:12 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
post 73 more times and list them here
Pillar of the Community
Steelers72's Avatar
United States
1448 Posts
 Posted 06/07/2016  4:31 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list Get a Link to this Reply
Is that the rule? 250 posts to sell? Ill get posting to I can show everyone all the coins haha.
Pillar of the Community
Mike1487's Avatar
United States
709 Posts
 Posted 06/07/2016  5:08 pm  Show Profile   Bookmark this reply Add Mike1487 to your friends list Get a Link to this Reply
I'm still waiting for silver to go up before I sell my junk bag. To me it doesn't seem like a good time to sell..
Pillar of the Community
Learn More...
BigSilver's Avatar
United States
2843 Posts
 Posted 06/07/2016  6:23 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
Sorry to break it to you, but getting melt for 40% silver may be the most you'll get on ebay. Any dealer you being then to, will probably pay only $2 each.
Pillar of the Community
Learn More...
BigSilver's Avatar
United States
2843 Posts
 Posted 06/07/2016  6:27 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
And maybe .75 for the nickels.
Iam speaking from experience, that's how much I pay the dealers. I imagine that some dealers will pay that much as well.
Pillar of the Community
Steelers72's Avatar
United States
1448 Posts
 Posted 06/07/2016  9:39 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list Get a Link to this Reply
Thanks Big Silver for the information. There are big 25 lb bags filled with silver quarters, War Nickels, and the Mercury dimes I mentioned. Do you know of any dates in particular I should keep an eye out for (besides the 1916 Merc)?

The rest I guess I will have to sell close to melt value. A lot of coins to go through so it'll just take time. When I get around to it I'll post some pictures here to show everyone the hoard itself.
Pillar of the Community
Steelers72's Avatar
United States
1448 Posts
 Posted 06/07/2016  9:41 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list Get a Link to this Reply
Also, for the 90% silver Kennedys, the Walking Liberty halves, the Ben Franklin halves, and the Ikes, what are reasonable prices to ask for each of those assuming they aren't any key dates etc? Melt value for those as well?
Pillar of the Community
BuckeyeCoinGuy's Avatar
United States
711 Posts
 Posted 06/07/2016  10:42 pm  Show Profile   Bookmark this reply Add BuckeyeCoinGuy to your friends list Get a Link to this Reply
90% halves typically bring a slight bump over other junk silver in my neck of the woods, which happens to be Cleveland Browns country FYI.

Seriously though, even Kennedy's get a slight premium over junk, for instance 12.8x vs 12.5x or the like. Franklin halves don't bring much of a premium above any half dollar premium. Walkers do get a little bit more. If junk was 12.5x and they were getting 12.8x on halves, you might pay 13.5 - 14x on walkers.

40% and 35% is always under melt even at retail around me. 40% Ikes are the exception with that fantastic eagle landing on the moon reverse. Those go for a premium above melt in OGP around me.


As for selling them, sell them in groups. Group them so they are say at least $50 lots and ideally bigger.

You are paying a flat fee to ship a lot, bigger sale price equals lesser shipping cost %. Same thing with ebay fees and paypal fees like the fixed $0.30 transaction fee for using paypal.

Spread those fees, packaging costs, and shipping costs over a larger sale. You will make more money that way and do less work.
Pillar of the Community
Learn More...
BigSilver's Avatar
United States
2843 Posts
 Posted 06/07/2016  10:42 pm  Show Profile   Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
There are plenty of other semi-key dates. In Mercury dimes the 1921 and many other early mint marked ones. 1931 D and S for example. If course any date in uncirculated condition will be worth more and depending on the date could be worth much more.
I see fun times ahead for you...
Pillar of the Community
CLS12's Avatar
United States
509 Posts
 Posted 06/08/2016  12:07 am  Show Profile   Bookmark this reply Add CLS12 to your friends list Get a Link to this Reply
I haven't bought junk silver in a while, but I'd imagine the 90% will get you 13-16x face. My LCS told me he only pays 2x for 40%. I've had good luck selling 40 and War Nickels on ebay in the past.
Pillar of the Community
Steelers72's Avatar
United States
1448 Posts
 Posted 06/08/2016  2:00 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list Get a Link to this Reply
Thank you guys.

Buckeye- We can get along for now despite you being a Browns fan haha. Anyway, I assume you are talking about 12.5 * face values etc?
BigSilver- I'll keep an eye out for those as well and buy some books on them. I'm not really familiar with Mercs.
CLS- So by the rate you mentioned for 90%ers, $6-8 for each Kennedy 90% would be reasonable? The 40%ers would probably fetch way less I assume.
  Previous TopicReplies: 18 / Views: 4,143Next Topic
Page: of 2

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.43 seconds to rattle this change. Forums