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Pricing Silver Coins To Sell?

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Steelers72's Avatar
United States
1448 Posts
 Posted 08/19/2016  2:36 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 horde of silver for a relative which consists of Jefferson War Nickels, Mercury dimes, Washington quarters, Roosevelt dimes, and Standing Liberty quarters. Assuming there aren't any major key dates what are the prices I should be asking per coin in order for these to sell in your opinion?

I also have hundreds of wheat pennies, Indian Head cents and Buffalo nickels. Any idea what to ask for these as well?

Thank you! And Ill try to post pictures if I can
Edited by Steelers72
08/19/2016 5:58 pm
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Steelers72's Avatar
United States
1448 Posts
 Posted 08/19/2016  2:38 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list Get a Link to this Reply
Here are the silver quarters in a 25 lb bag


Pricing-Silver-Coins-To-Sell?
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Mister Kairu's Avatar
United States
1911 Posts
 Posted 08/19/2016  2:38 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
Depends if you want them gone quickly or if you want more for the sale. Selling them in few dollar face lots on ebay can get you a little bit of a premium or you could try selling them on here for spot-ish and they could be gone quickly too. Assuming these are circulated silver coins, I have found that with ebay fees I would get the same profit selling on the CCF and to someone I know as well. Good luck!
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John1's Avatar
United States
56855 Posts
 Posted 08/19/2016  2:42 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
As scrape silver,find out what you could sell it for at a LCS. Lets say 10x face,so a dime is worth $1 a quarter $2.50 etc.
John1
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ace_ftw's Avatar
Canada
1747 Posts
 Posted 08/19/2016  3:00 pm  Show Profile   Bookmark this reply Add ace_ftw to your friends list Get a Link to this Reply
the slq would sell for more premium than the washingtons, and the mercs would sell for more than the rosies.
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cwb's Avatar
United States
3463 Posts
 Posted 08/19/2016  3:04 pm  Show Profile   Bookmark this reply Add cwb to your friends list Get a Link to this Reply


Today, the metal value of a 90% Silver US quarter is $3.48
Edited by cwb
08/19/2016 3:05 pm
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bpoc1's Avatar
United States
4078 Posts
 Posted 08/19/2016  3:38 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
Steelers72
Quote:
Assuming there aren't any major key dates

This could be a major mistake in assuming. What if there was a key date and they/ you sold in lots. This would be a buyers dream and a bad position for you..
It may take time but, you need to check all the coins. IMHO
Edited by bpoc1
08/19/2016 3:45 pm
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Steelers72's Avatar
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 Posted 08/19/2016  3:51 pm  Show Profile   Bookmark this reply Add Steelers72 to your friends list Get a Link to this Reply
For the Washington quarters, I found no significant dates. However, I found 2 1950 Quarters that I believe have the S/D mintmark it is difficult to discern if it is normal wear or not. I will post these soon.

I have Jefferson nickels 1938-1941. Not silver since they arent the War Nickels but do they sell for anything in particular?
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Mister Kairu's Avatar
United States
1911 Posts
 Posted 08/19/2016  4:22 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
The best place to look for recent prices for these coins would be ebay, just click on the sold listings. You will be able to find what certain lots or dates sold for and I use it all the time!
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edweather's Avatar
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7375 Posts
 Posted 08/19/2016  6:17 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Yeah, once you are sure there are no valuable ones, do a little research on ebay to find out how much they are selling for.
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paxbrit's Avatar
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992 Posts
 Posted 08/19/2016  8:33 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
You're going to need to go through each lot one by one and pick out the key dates, any AU/BU specimens, and you might even want to sort by P,D, or S mint marks, as long as you're checking each coin. Then set the 'better' items aside, you can price them up from ebay auctions in a short time. Take good photos of it all, once you have things sorted out. The rest of it, you could lot it up into 10-coin, 25-coin, 50-coin baggies and sell them on ebay for a Buy It Now price at melt value plus a couple of bucks, or at Auction with beginning bid a little less than melt. Add cost of packing and mailing, and ship it out when it sells. I will bet you 10 'S-mint' silver quarters would garner better than $40 plus shipping, minimum. Take some good photos of it, and put a trial lot up this weekend, with a BIN price of $49.95 plus $3 postage to US and see what happens.

If you try and sell it one coin at a time, you'll not do anything else with your time for months. If you sell it as a lump, you'll probably get melt less 10%. So you'll have to do something in between to get your best return. You can take it to a local show if you want to get a table and see what sells there, too, but I think ebay is your best bet. You'll need to open a PayPal account for your relative.
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BH1964's Avatar
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10982 Posts
 Posted 08/19/2016  9:57 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
You can check retail bulk pricing here: http://www.apmex.com/category/25800...lver-dollars There are usually some wholesale "buy" prices as well.

At times large lots of bulk 90% sell by weight too. You can weigh a group (troy ounces of 31.1g/each) and multiply by 0.9 to get your actual silver weight then multiply by spot Price for a value. Remember 90% often trades above melt these days.

If you know the total face value of 90%, you can multiply the face value by 0.715 and by spot price to get a melt value as well. FV*0.715*spot=melt value. Hope this helps.
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Saruma's Avatar
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968 Posts
 Posted 08/19/2016  11:05 pm  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
I agree you should look make sure there are no key dates. In particular it is possible to identify a dateless 1916 SLQ. If you don't know how to identify that one let us know and I or others can tell you.
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Joe2007's Avatar
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3843 Posts
 Posted 08/21/2016  01:09 am  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
BH1964

From what I've seen 90% silver buy prices at local coin shops in my area are a little back of whatever the big online bullion dealers are buying at. That way the dealer can either sell to a walk-in customer or in a worst case scenario sell to a place like APMEX or JMBullion if they have too much supply for quick liquidity.

Edited by Joe2007
08/21/2016 01:09 am
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