Less Than Melt Value? - Coin Community Forum

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Author	Replies: 5 / Views: 3,063
Mike Rest in Peace United States 2884 Posts	Posted 11/17/2005 09:47 am Did these Walkers sell for under silver melt?Mike[:0] http://cgi.ebay.com/ws/eBayISAPI.dl...m=8348184564 1.35 oz.@$8.07 per oz=$10.89 Please tell me if I'm figuring wrong. .45 of an oz silver per coin times three = 1.35 oz times $8.07 per oz = $10.89. Shippiong $3.48, paid $6.42, grand total....$9.90 Report this Post to the Staff

Morgan Fred Rest in Peace United States 2684 Posts	Posted 11/17/2005 9:22 pm Yeah, but... to sell three halves for melt, they'd have to be transported or sent someplace and chances are the vendor who buys them for their silver is gonna take a discount. Would cost more to send them or drive them to a silver merchant than they'd be worth. I'm not sure what the break-even point would be in weight of silver to make it worthwhile for a person with a lot of junk silver, but it would have to be more than three halves. Fred Report this Post to the Staff
adobero1 Valued Member United States 363 Posts	Posted 11/17/2005 9:47 pm My little bullion chart in the RedBook says that the 90% silver halves have only .36 oz. of Siver. (not .45) So the winner paid a little over melt, but not bad for Walkers. oops, siver=sliver=silver! Edited by adobero1 11/17/2005 9:49 pm Report this Post to the Staff
Mike Rest in Peace United States 2884 Posts	Posted 11/18/2005 05:16 am Thanks adobero1 and Fred. I knew it was low volume, but at least they sold for melt! Do you have a little list you could post with the amount of silver and gold in American coins? I always thought dollars, halves, quarters and dimes pre-1965 were 90% silver. Based on your chart it would be 72% silver. Thanks for the info! Mike Report this Post to the Staff
Susanlynn9 Forum Mom United States 5877 Posts	Posted 11/18/2005 10:03 am Silver War Nickels = .05626 oz Pre-1965 Dimes = .07234 oz Pre-1965 Quarters = .18084 oz Pre-1965 Halves = .36169 oz Silver-Clad Halves = .14792 oz Silver Dollars = .77344 oz Gold $1.00 = .04837 oz $2.50 Quarter Eagles = approximately .12094 oz $3.00 = .14512 oz. $5.00 Half Eagles = .24187 oz $10.00 Eagles = .48375 oz $20.00 Double Eagles = .96750 oz Report this Post to the Staff
adobero1 Valued Member United States 363 Posts	Posted 11/18/2005 9:04 pm Well, the only list I have is from the RedBook and agrees with what Susan posted above. Pre 1965's are 90%. Not sure where the discrepancy lies...maybe the halves don't weigh as much as you're thinking...in other words, I don't think a half dollar weighs half an ounce. Report this Post to the Staff
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