| Author |
 Replies: 14 / Views: 3,107 |
|
|
Pillar of the Community
United States
1300 Posts |
each. I was cut off. I respectfully passed, did I miss out on a good buy, or make the wise decision? Nickels are way down my want list, unless they are Buffalo nickels*** Moved by Staff to a more appropriate forum. *** Edited by thecoinguy1964
02/08/2017 07:21 am
|
|
|
|
Bedrock of the Community
United States
10982 Posts |
Getting 3,245 silver nickels for 95 cents would be hard to pass up. That's about 33 for a penny isn't it? Was the shipping really expensive or something? :) But seriously with yesterday's silver price 95 cents each was full melt value. On ebay they bring that high a price and then you can pay with a credit card and get free delivery to boot. I would not have payed over 75 cents each for a lot that size unless they were BU pieces and I am sure they were not. Good move to pass IMO. |
|
Rest in Peace
United States
18456 Posts |
Yeah it probably was wise to pass it up . I'm sure they were all very low grade Nickels . However when silver was way up there I believe they melting for about $2.35 each . will it ever go back up there  Put that $3,000+ into coins that knock your socks off .  |
|
Pillar of the Community
 United States
2843 Posts |
Agree with the pass. I would have bought them at $0.80 each. Not more.
|
|
Pillar of the Community
7234 Posts |
As of now with silver at 17.79/ounce there is 1.00$ of silver in each nickle. Not enough difference to make that deal.
Edited by Mark1959
02/08/2017 09:05 am
|
|
Pillar of the Community
United States
1963 Posts |
I would have only paid 50 cents each.
|
|
Valued Member
United States
449 Posts |
I'd have gladly paid $ .95 for 3245 nickels whether they be silver or not. I'd have even gave them a $1. and said keep the change. $162.25 face value of nickels for under a $1. sounds like the bargain of the century to me. No, I wouldn't have paid $ .95 each for them.
|
|
Pillar of the Community
United States
1653 Posts |
You could purchase a great set of high grade war nickles, and a set of truck tires, for that price.
|
|
Bedrock of the Community
United States
11951 Posts |
On purchases like this I like to check with local coin shops and bullion
buyers. Then get as close ... or less than they pay.
One local shop here pays .25 each.
I think there is about $1.00 melt .... I feel it is hard to get that ... unless
you have your own coin shop .. or you are a smelter
I would pass at .95 each .... if I was buying them for the silver I would
rather purchase 90% or .999
Edited by GR58
02/08/2017 1:14 pm
|
|
Bedrock of the Community
United States
17884 Posts |
Quote:
will it ever go back up there WHo knows, it's been there twice. The $1 melt value is theoretical, people don't pay close to that due to the high refining costs. Too expensive to get the silver out unless you pay way back of the melt value. |
|
Bedrock of the Community
United States
94367 Posts |
|
|
Pillar of the Community
United States
5819 Posts |
The cost would be 19X face, way too high.
|
|
Pillar of the Community
United States
3843 Posts |
One of the local dealers in my area has a board advertising what they pay for commonly traded coins. Last time I stopped in they were offering to pay thirty cents each for War Nickels. I've heard that most refiners won't touch them so they are pretty hard to sell. I'd pass unless I could get them for thirty cents each. |
|
Bedrock of the Community
United States
10982 Posts |
Quote:
The cost would be 19X face, way too high. As a side note War Nickels contain the largest amount of silver per face value for any coin. Currently 90% silver dimes, quarters & halves contain ~13X face value in silver while War Nickels contain ~20X face value. War Nickels trade all day long at full melt value on ebay. You can make money buying them 15X face (75 cents) today. |
|
Pillar of the Community
United States
2910 Posts |
If I had $3082.75 to spend (which I don't unless I want to max out some credit cards), I might have been tempted to do it, provided I could get to see what the coins looked like first and perhaps a breakdown of the dates and mint marks. If they were just a bunch of 1943-P & S coins, probably would've passed... If you can put together sets of War Nickels, you can usually get at least $1.50 per coin when selling 11 coin average circulated sets on ebay... They are VERY popular sellers. More than once I've had bidders get into bidding wars and push the price to over $2 a coin on these sets. CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
|
| |
Replies: 14 / Views: 3,107 |
|
Posted 02/08/2017 08:33 am
