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 Replies: 31 / Views: 3,832 |
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Pillar of the Community
United States
840 Posts |
I've been offered about 150 silver Washington quarters in flips varying from good to extra fine condition for melt value ($3 each, 12x face, nothing rare)...should I buy them? Why or why not? *** Moved by Staff to a more appropriate forum. ***Edited by berto
01/02/2017 6:12 pm
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Pillar of the Community
7234 Posts |
For melt Heck YES!! Silver is low right now - I'd buy tonight if possible just in case silver goes up in value when the stock market opens tomorrow morning!!
Melt for a 90% quarter is 2.88 as of now
Edited by Mark1959
01/02/2017 6:27 pm
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Pillar of the Community
United States
3210 Posts |
I'd buy them too. That's a fair price
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Pillar of the Community
United States
1300 Posts |
If I had the money I'd pick them up.
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Pillar of the Community
United States
666 Posts |
 The coins in EF-40 or thereabouts, plus any die varieties, would make at least a few of the coins a great bargain, on top of the already very fair price for the lot.  |
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Rest in Peace
United States
17900 Posts |
No reason not to buy them with silver relatively low.
If you don't already have one it would be a great time to start a set.
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Pillar of the Community
United States
1963 Posts |
I wouldn't buy because I'm usually willing to sell to dealers at 11x.
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Pillar of the Community
United States
757 Posts |
The last time silver was hovering around $16 I saw people shopping bags of it at coin shows for 12x and being offered around 10x. I would offer around $400 for the lot and see if they take it.
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Pillar of the Community
United States
4211 Posts |
If I had the extra cash I would pick them up for sure.
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Valued Member
United States
283 Posts |
I'd buy them, pick out the best for your collection, and resell the ones that are only worth melt.
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Rest in Peace
United States
17900 Posts |
To silver or not to silver: that is the question.
Except we ALWAYS end up with the same answer.
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Bedrock of the Community
United States
94367 Posts |
Same answer: Don't buy them unless you figure silver will go up a ton, otherwise handling costs will kill you.
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Pillar of the Community
United States
1450 Posts |
Yes, handling costs will kill you unless you figure the cost of silver is going to double within a couple of years. If you had some 32-D's and 32-S'es in the batch it might be worth it. If you believe the US and World economy is going to crash and our paper money won't be worth the paper it is written on then buy it as insurance.
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Bedrock of the Community
 United States
12477 Posts |
I'm with davec. Offer a little less and see if they bite. It's worth a shot.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
1057 Posts |
 Let me get this straight. You're offered 150 90% silver quarters for just 10 cents over melt per coin. That's about 27 ounces of silver bullion for only $15 over total spot. And people are saying "don't buy", "make a lesser offer" ?   If you don't buy then can you send me the details, I can PayPal the money immediately... |
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Valued Member
United States
446 Posts |
It's a better price than we've seen for some years, but be prepared to own it for five years if investment is your motive.
I bought most of mine when I could get 90%ers for 3.6 x face.
And I've bought eagles when spot was $22.
I don't know what silver will do, but I do know that its price will change.
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Replies: 31 / Views: 3,832 |
Posted 01/02/2017 6:27 pm
