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Replies: 22 / Views: 3,480 |
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Valued Member
United States
338 Posts |
I have been trying to dollar cost average 90% silver coins over the last several years. In the process, I have noticed the halves bring a small premium over quarters and dimes. I have also noticed that Walkers seem to bring the biggest premium of the 3 main half dollar types (WL, Franklin, Kennedy). Yet, I noticed that APMEX actually has more of a premium on Franklins than Walkers. I have been trying to buy as many lots as possible with WL halves hoping to find some decent teens or twenties. I have also plucked out around 10 G4ish Barber halves. Is anyone willing to speculate on which halves MIGHT have collector value over silver value. And, what would be the order in value? I would assume the order in value would be oldest to newest. On the other hand, if the coins are only worth their silver weight, the order could be newest (least ware) to oldest (most ware). Thank you in advance!
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Bedrock of the Community
 United States
12477 Posts |
I really don't have the experience but, I would say that any common silver halves (excluding the 40%) after Barbers are essentially the same. The best premiums may be found in Franklins (short run).  I don't deal much with silver. I did make $20 flipping a 1946 DDR Walker, though. I know this is not what you're asking but, I sold an LWC with a lamination error yesterday for 1,000x face. I know that some are not keen on errors and varieties but, that's the area that holds the most promise for me. 
In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
3210 Posts |
Walkers usually have a slightly better premium than franklins and Kennedy halves. Barbers definitely have a bigger premium than the other 3, but good luck finding a barber Half that is in fine condition or better that you don't have to pay ridiculous prices for. I always go with walkers, they were around for 30 years, easily identified, and beautiful design.
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Pillar of the Community
United States
5825 Posts |
A couple general statements:
-- The older, the better: But you will be paying the premium to acquire them. Then if you want the additional premium that they will accrue you'll just have to sit back and wait.
-- The higher the grade, the better: That means for Franklin's and Kennedy's mid-MS grades. For WL's and Barber's better dates in VF or better; common dates AU or better. SL's and earlier F or better.
Now, after all that if you are looking for growth in value you may not live that long. Collectible coins are NOT a good investment. Collectible coins are a hobby.
If you want investment potential then go for bullion. And I don't mean bullion coins; I mean just straight .9999 bullion bars or rounds.
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Pillar of the Community
United States
1475 Posts |
Quote: Collectible coins are NOT a good investment. Collectible coins are a hobby. So true! In 1962, the value of a dollar is worth around $100 today. I just purchased Bust halves that had Red Book values of $4~$5 in 1962. This means that the seller should have sold them for $400+ to recuperate his money. I purchased the for about half of that amount. But one thing for sure that he did enjoyed his coins for 50+ years! edit: Fun Fact "BERKSHIRE HATHAWAY: $1,000 INVESTED 1962 IS WORTH $18+ MILLION TODAY" 
Edited by Coconutjoe 09/29/2017 10:50 am
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CCF Advertiser
United States
1533 Posts |
When silver is around what it is now, I can buy dimes and quarters for 12.4x and halves for 12.7x. You can sell some Walkers for $7 to $8 that can be bought for 12.7x, so that is why the premiums are higher. There will be some BU Franklins and 1964 Kennedys in some of these rolls that can be sold for $8 too.
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Pillar of the Community
United States
509 Posts |
The LCS that I used to frequent sold all 90% for same X amount.. he told me halves usually sold quicker. He generally had steady flow of barber (worn, but dates readable), walkers, Franklin and JFK. I flipped some and it might have been a fluke, but at time I'd pay 13-14x FV and sold Walkers for 20x on ebay plus shipping. Still if you -10% for ebay fees it was 18x range. Got some decent Franklin flips as well, but they were better quality... JFK's seemed like silver content only with no premium. I never bought any, but sold some I found CRH
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Pillar of the Community
United States
1326 Posts |
Quote: In 1962, the value of a dollar is worth around $100 today. I'd have to dispute that claim, though I agree with the overall point about coins not being great investments,
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Pillar of the Community
United States
2023 Posts |
 The inflation factor from 1962 is closer to 10, not 100.
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Pillar of the Community
United States
5825 Posts |
But don't forget. In 1980 silver rose to $50/oz for a short while thanks to the Hunt brothers. But that dropped to under $10/oz in about a day. Some people REALLY lost their shirts (and lots of other stuff).
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Pillar of the Community
United States
887 Posts |
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Valued Member
United States
414 Posts |
I don't know if agree with the "collectible coins are not an investment" bit. There is certainly much opportunity to invest if you cherry pick the right coins. This perhaps may be much more difficult with US coins, but in the realm of world coins, there is ample opportunity to "flip" coins for a profit.
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Bedrock of the Community
United States
12057 Posts |
If you lived in a house and had a household income of 50k in 1962, you were upper middle class and had plenty of disposable income. You probably had a fairly comfortable home, maybe even with AC, a color TV, and a new Cadillac, Lincoln or Chrysler in the driveway every year; this income bracket was mostly businessmen, business owners, bankers, doctors, and lawyers, and some very senior tradesmen. If you live in a house and have a household income of 50k in 2017, you are probably "getting by" every month unless you are living alone and fairly unencumbered by debt, and likely not saving much cash in the process. That is the "inflation measure." :P FWIW -- when I buy 90% -- Barber halves seem to always carry a higher premium, especially if they are anywhere near full rim Good. If you are looking for numismatic value in junk silver, buying Barber halves in bulk and looking for semi-key dates is a good option, or coins that are G6 or better. Walkers will also hold value above bullion, especially the teens, twenties and thirties dates. I have a hard time getting rid of Franklins if I want to sell down, and won't usually buy them.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Pillar of the Community
United States
3325 Posts |
If you want to push the envelope a little, classic commemoratives will nearly always have value beyond their silver content. But you obviously won't find many "lots" for sale if you are buying in bulk?
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Pillar of the Community
United States
1450 Posts |
If you bought Walkers in VF or better in years before 1930 I think those coins will have a decent numismatic premium in years to come. Getting them in anything better than just fine condition means an investment of dollars. There were quite a few years when less than 2 million coins were minted. Now coins are minted in the billions and are just base metal. I do remember when Walkers were common and by the later 1950's and 60's they were gone just like SLQ's and Mercury dimes. I know there are many younger people under 50 who have never even seen a Walker or a SLQ with a date. Not one silver coin in circulation I have seen in 30 years.
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Pillar of the Community
United States
1475 Posts |
Quote: I'd have to dispute that claim, though I agree with the overall point about coins not being great investments, I stand corrected. I mis-read number of zeros. I wasn't quite born in 1962, but I need a glasses. 
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Replies: 22 / Views: 3,480 |