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 Replies: 19 / Views: 4,772 |
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New Member
United States
7 Posts |
I recently changed coin stores for my monthly purchase of junk silver and think I may have found a great deal. My new coin store is selling modern 90% silver proof quarters, dimes, and 50 cent pieces for the same price as they sell pre-65 junk silver. The proofs are from broken up proof sets and seem to be handled properly with few coins with fingerprints on them. It seems to me that this is a fantastic deal because the modern silver proofs have .723 TOz of silver per $1 face value and junk silver has .714 TOz at the very best and normally have a lot of wear that lowers the overall silver content even more. What I need from the group is an opinion of just how good a deal they are and if there is a collector value to modern silver proofs. Should I buy all I can afford? He has ~100 face value of the modern proofs for sale.  |
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Pillar of the Community
United States
1963 Posts |
Actually, buying the nice ones is a good idea. At my coin club, the nicer halves sell for $8 - $9 each.
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Rest in Peace
United States
17900 Posts |
I would pick the best with no obvious problems and scoop them up with a smile on my face. I'd also 2x2 them quickly so they suffer no damage.
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New Member
 United States
7 Posts |
Awesome! I paid $7.25 each with no tax or shipping costs.
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New Member
United States
7 Posts |
Moxking, I have started putting them in 2x2s today. Is there any benefit to putting them in more expensive plastic protectors?
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Pillar of the Community
United States
3184 Posts |
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Pillar of the Community
United States
4333 Posts |
I would buy all that are for sale. Doesn't get any better!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Moderator
 United States
54282 Posts |
My thinking is that if you would buy 90% junk silver coins for that price, why would you NOT buy 90% silver proof coins for that price?
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Bedrock of the Community
Australia
21788 Posts |
Sadly, there are lots of proof silver coins worldwide that have little value above their resale melt value in the numismatic aftermarket.
Nevertheless, they represent good buying to the silver stacker, even if it is only for the variation in their designs and manufacturing quality.
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Bedrock of the Community
United States
10038 Posts |
I would get all the Proof halves I could.
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Pillar of the Community
Australia
7096 Posts |
Maybe if you were to put some sets of different coins together out of these and list them on ebay to attract collectors instead of stackers. I am pretty sure that you would be able to get a premium over melt for them this way.  |
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New Member
United States
7 Posts |
I went back to the coin store and bought as many 90% silver proof dimes and quarters that I could afford. And as a bonus the owner is going to save the US Government proof booklets that he opens and give them to me for free next week.   |
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Pillar of the Community
United States
1911 Posts |
Wow that is an awesome deal! Especially depending on some dates too. I saw a few 2000+ year ones and if some of them are dated 2008 or newer there seems to be even more premium for them too! Very nice!
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Bedrock of the Community
Australia
21788 Posts |
Cheer up a few CRH'ers!  Salt a few rolls of dimes with one silver proof dime in each, and hand them back into the bank  That would have to worth a few bucks in entertainment despite the fact that you don't know who you are cheering up. |
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Pillar of the Community
Japan
666 Posts |
silver is silver UNC silver is UNC silver I remember people telling me coins worth no more than melt and me selling those coins 2x-3x the melt ... World is not ending with US borders. As it was proposed earlier - make a set of coins and list it on ebay. |
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Pillar of the Community
Norway
1358 Posts |
Well, it doesn't get better than buying at spot, does it? Great deal!
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Replies: 19 / Views: 4,772 |
Posted 03/02/2017 10:31 am
