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 Replies: 13 / Views: 1,683 |
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Pillar of the Community
United States
3479 Posts |
So I've been trying to get my nephews interested in coin collecting by giving them circulated common date Mercury dimes, and Walking Liberty halves for their B-days and holidays. Problem is I'm running out of them. I'm looking at buying these in bulk-say 20-50 coins at a time. Perhaps with some barbers. Any recommendations? Edited by MikeF
01/20/2017 07:04 am
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Valued Member
United States
408 Posts |
Go to the Monarch Precious Metals website for some decent prices on that kind of stuff. They have some very competitive pricing on what you are looking for.
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Pillar of the Community
United States
3210 Posts |
I too am trying to slowly build a small collection for my nephew. Granted he is 6 but he knows his uncle Sean loves coins and he likes looking at them. If your looking for bulk maybe try an ebay lot or see if a local coin dealer will hook you up, it's not like your looking for rare coins just circulated silver to give to your nephews. |
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Pillar of the Community
United States
1308 Posts |
I have a jewelry store back in my home town, that buys and sells silver & gold, and he always has an abundance of silver bullion, but that's where I'd start. There's a silver and gold buyer near me, and I'll occasionally see him advertising on CL that he's selling halves & silver dollars. Go in and get to know one of your local silver & gold buyers, they're more interested in melt than numismatic values.
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Pillar of the Community
 United States
3479 Posts |
I'm so used to buying off the internet that I didn't even consider a local source.
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Pillar of the Community
United States
509 Posts |
Look local.. I had a local store (he retired) that would allow customers pick through his bags of junk silver.. 13-15x face value at the time. The other local stores were basically same price, but they wouldn't let you cherry pick. I've heard people say provident metals is a good only source for 90%
Edited by CLS12
01/20/2017 07:54 am
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Pillar of the Community
United States
1609 Posts |
Don't know if you'd be as lucky, but over here in the P.A area, people were selling walkers, barbers, washingtons, all at barely above spot.
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Pillar of the Community
United States
1911 Posts |
Agree with what others say about local shops. I am blessed to have an LCS near me that I can buy "junk" US silver for spot price (granted they are worn, damaged, or cleaned)but also can get some really nice foreign silver at spot as well.
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Valued Member
United States
226 Posts |
Consider bringing your nephew to a local coin shop and have him pick some he likes directly from a dealers junk silver stash. My local coin dealers will always sell at bottom price direct to my nephew!
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Pillar of the Community
United States
1963 Posts |
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Pillar of the Community
United States
1963 Posts |
My dealer will sell a bag of 100 silver dimes for about spot. Rosies, Mercs, and Barbers mixed.
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Bedrock of the Community
United States
94367 Posts |
Same at our LCS, and ditto for quarters with SLQ slicks if you want them.
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Valued Member
United States
404 Posts |
Ive been to a few here in NY and a couple in NJ, I find that the more isolated the LCS, the better the selection... Here at my LCS I can get washingtons and some worn SLQ's, and for dimes I get roosies and a few mercs, for halves it's mostly kennedy and franklins... The one in NJ tho, I can easily pick a roll of barber or merc dimes, or a roll of slq n Barber quarters (altho there are never that many), and Walker halves are plentiful |
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Pillar of the Community
United States
1450 Posts |
This requires a guess about where silver prices will be in the future? Since super low interest rates destroyed the market for "savers" God only knows where you can put money and get a decent return without serious risk? It is a risk/return dilemma. I can buy junk bonds that probably will not default and get 5% interest, but there is a risk, and you can't ignore it. If you do buy serious amounts of junk silver where will you store it? I already have large safe deposit box that costs me $300 a year and it is half full of just sets and slabbed coins. I have to admit that stacking silver appeals to me because I did miss the big bull market and I could have made some serious money if I had kept stacking just Sterling which I bought at spot. If you stack your silver in a home safe you better sure hide it and never tell a soul.
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Replies: 13 / Views: 1,683 |
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Posted 01/20/2017 06:35 am
