My First Coin Deal: Nickels For Junk Silver! - Page 2

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Author	Replies: 24 / Views: 3,322	Page: of 2

AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 02/20/2017 01:53 am You did well.... ask any dealer how frequently people ask for circulated nickels and what their margins are... and you'll see that you took something that's hard to get anything more than FV and turned it into silver worth greater that FV! My opinion out of 10 you get a 12! Report this Post to the Staff
Alex A Pillar of the Community 710 Posts	Posted 02/20/2017 09:16 am Quote: And I've yet to see any early-date beaver nickels in junk bins to be honest with you. Great trade. You can find these nickels in junk bins and flea markets - most sellers say "$1.00 for anything in that box". Thanks for posting! Report this Post to the Staff
Debrajc Pillar of the Community United States 4211 Posts	Posted 02/20/2017 09:25 am Great trade Mike! Congrats. Report this Post to the Staff
mike9999999 Valued Member Canada 224 Posts	Posted 02/20/2017 3:23 pm I have taken note that this man admired me a bit - not in a creepy way like those weird strangers on craigslist - but more glad to see someone in the younger generation showing a like interest. He was in his 70s, nearly 5 times my age :P Edited by mike9999999 02/20/2017 3:25 pm Report this Post to the Staff
rockfish Valued Member Canada 217 Posts	Posted 02/20/2017 8:40 pm I concur with others and offer congrats on a good trade = though with one caveat: in my experience the 68 silver is the least popular junk (rather like the %40 US silver is their least popular junk) so temper your profit calculations accordingly. Report this Post to the Staff
mike9999999 Valued Member Canada 224 Posts	Posted 02/20/2017 10:24 pm It is true since half of the transportation for things like ebay is just going into the copper instead of the silver as opposed to 80% silver/20% copper coins. ~~Let's not talk about US ww2 nickels.~~ I'm thinking of trading my 10 troy ounce .999 silver bar for 11 Troy ounces ASW in junk silver. What do you guys think? Report this Post to the Staff
rockfish Valued Member Canada 217 Posts	Posted 02/22/2017 12:14 am Probably a wash if you eventually plan to swap it for fiat as LCS will give you spot for a recognized bar, but knock at least 10% off for junk. On the other hand, junk is a lot easier to sell off in lesser increments. I think it just boils down to preference - they are both going to be worth the same in fiat I think. Report this Post to the Staff
mike9999999 Valued Member Canada 224 Posts	Posted 02/22/2017 6:23 pm Well, if someone has a whole bunch of junk and wants to refine it, but then sees someone with a bar asking for junk, then? Report this Post to the Staff
rockfish Valued Member Canada 217 Posts	Posted 02/22/2017 11:20 pm I'm sure someone would make the trade. I'm just not sure if you would end up ahead in fiat currency or not. Report this Post to the Staff
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