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 Replies: 9 / Views: 1,353 |
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Valued Member
United States
60 Posts |
Title says it all. I have a bunch of old Mercury dimes from late 30's - mid 40's as well as Washington quarters from 30's - 50's that dont seem to have much value (from research I have done, albeit from a very unknowledgable perspective) that I'd like to sell off for their silver value as they are either doubles / triples of years I already have in my very small, but growing collections. What is the best way to get most out of selling these for silver content without getting ripped off? I know I wouldnt get actual silver value for them as the buyer would most likely want to make money off of them (melting down / etc.) and there are costs associated with doing that. Not expecting a windfall either, as they are small coins, but looking for options on what to do with them. |
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Pillar of the Community
 United States
2843 Posts |
I have a local store that buys US silver using the following equation:
Silver melt-$1.00*.72* each face dollar.
So for example, at $16.94 melt, you would get $11.47 per dollar face.
I believe that is a decent piece and may be one of the best ways to get cash for your excess.
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Moderator
 United States
34402 Posts |
@smack2k, that is good advice fron @bigsilver. An alternate suggestion would be to stick around on CCF and post enough times to be able to sell here. I don't know that you will get much better of a price for your coins, but you will rest easier knowing that they are likely going into someone's collection rather than the melting pot.
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Valued Member
 United States
60 Posts |
Working on my post count!! I am brand new to the collecting / buying / selling scene so trying to soak in knowledge as best I can!
And thanks for the explanation on pricing...much appreciated.
Edited by Smack2k
09/25/2017 11:50 am
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Pillar of the Community
United States
3343 Posts |
Brick and mortar coin shops.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Rest in Peace
10197 Posts |
Try checking our past coins for sale thread here for those selling silver. A lot of them go by formulas like the above at so much per FV. BigSilver is around average for an LCS/brick & mortar store, most individuals try to get between $12-13.30 per dollar face. It depends where some of these "extras" of yours go. LCS is usually melt pot, a stacker, it goes into the buckets/treasure chests for future investment, a collector is looking for cheap hole fillers in a bulk lot and possibly errors then resale. Like has been said, sell in lots here when you can, some of us just may bite!  |
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Pillar of the Community
United States
1211 Posts |
Not great advice above. Better advice, sell "per face" at your local coin club auction. You will get very close to melt value nearly every time.
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Rest in Peace
United States
17900 Posts |
Avoiding postage costs for small amounts helps both the buyer and seller. For smaller face value totals a local store is great, or check the classified in the papers. Lots of buyers will advertise there with less risk than Craig's List contact.
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Bedrock of the Community
United States
94367 Posts |
You local coin shop (or nearest coin shop) is usually the best option.
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Pillar of the Community
United States
3540 Posts |
When it is time to sell, definitely visit EVERY opportunity available to you.
...no different than purchases.
Find/Join your local coin club. Bet you are offered more than any other venue.
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Replies: 9 / Views: 1,353 |
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Posted 09/25/2017 11:45 am
