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Please Explain Junk Silver To A Newbie

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Pillar of the Community
United States
1450 Posts
 Posted 10/16/2016  8:15 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
Steel

If OP got silver Roosevelt dimes for 50 cent a piece and sold them for $1.20 each he would be doing well. I am looking at 2017 US Coin Digest and price guide says 1949-S Roosevelt dime in EF condition sells retail for $8.00. The 1949 in EF sells for $4.00 and 1950-S sells for 3.75 in EF. All Roosevelt dimes in AU sell for at least 1.60. I understand what you are trying to say to OP, but silver coins do have numismatic value even if they are common.

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Steele's Avatar
United States
1119 Posts
 Posted 10/16/2016  10:10 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
Terry if anybody buys anything for any amount and sells it for more than double they are doing good. (unless the value of the currency has dropped by more than half) I never said silver Roosevelts don't have numismatic value. Common dated average circulated silver dimes, Roosevelts and Mercury, can be purchased today for $1.40 each in average circulated condition including the dates you listed as long as one isn't looking for a uncirculated or about uncirculated example of the scarce dates. I very recently, early 2016, completed an entire set of Roosevelt dimes in nicely circulated condition and I paid no more than $1.80 for any single coin in the set, I don't even think I paid that much honestly. All but one or two coins were purchased for $1.50 or less. Many for $1.35 in January. My goal was for every single coin I bought to be from dealers' bulk 90% silver bins. I do agree that blazing white unc will not be had for under $2 even for common dates.
Please-Explain-Junk-Silver-To-A-Newbie

I still can buy very circulated common date merc dimes, Standing Liberty quarters and Walking Liberty half dollars for 14 times face value at my LCS. I can get most dates VF-AU Franklin halves, Washington quarters and all dates/MM VF-AU Roosevelt dimes for the same price. I have to be there before someone else buys them but they are available; maybe not everyday but it can be done without much difficulty.
Edited by Steele
10/16/2016 10:18 pm
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Steele's Avatar
United States
1119 Posts
 Posted 10/16/2016  10:26 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
Also I did once find two very, very worn Seated dimes in the junk bin for $1.40 each. probably in AG one was problem free the other was bent.



Please-Explain-Junk-Silver-To-A-Newbie

Please-Explain-Junk-Silver-To-A-Newbie
Edited by Steele
10/16/2016 10:37 pm
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Steele's Avatar
United States
1119 Posts
 Posted 10/16/2016  10:29 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
Also a hand full of common date Barber coins are usually found in AG to sometimes good condition in the junk bin at the same shop.
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