Need Some Help - Coin Community Forum

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Author	Replies: 5 / Views: 921
lance959 New Member United States 4 Posts	Posted 06/25/2008 12:45 am I am new and don't know if this is the right spot for this, but I hope that you all can help a newbie out. I have been wanting to get some "junk silver" for a while now and don't know what is a fair price to pay. I only have one coin shop near by and I have got mixed reviews on them. I figure that the cost would depend on the spot price. Also am I wrong in my thinking that a dime is a 1/10 ounce, a quarter a 1/4 ounce ect.ect. Thanks in advance for all your help Report this Post to the Staff

GO Moderator United States 6563 Posts	Posted 06/25/2008 12:47 am ebay can sometimes be a good source of junk silver coins but mostly coin shops are the easiest as you will be paying for shipping online. check Craigslist as well if you feel comfortable doing so. all pre-1964 dimes, quarters, halves are 90% silver Report this Post to the Staff
Pokermike4283 Valued Member United States 85 Posts	Posted 06/25/2008 12:50 am I went to a coin shop today and they said that silver pre-64 is going at 6x-10x face value. If that is true on ebay, I'm unsure of but good luck to you. You could always hang out here, make some quality posts and then trade/sell what you don't want. ~Mike~ Report this Post to the Staff
GO Moderator United States 6563 Posts	Posted 06/25/2008 12:54 am 10x face and less is an excellent price to pay for silver right now as it's around 12-13 on average over the last few months. Boy do I miss the $20 an ounce Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 06/25/2008 11:25 am Quote: Also am I wrong in my thinking that a dime is a 1/10 ounce, a quarter a 1/4 ounce ect.ect. Nope, you are overestimating the silver content War Nickels - .05626 troy ounce Dimes - .07234 troy ounce Quarters - .18084 troy ounce 90% Half - .36169 troy ounce 40% Half - .14792 troy ounce Dollar - .77344 troy ounce My local shop is currently buying at 11x face and selling at 13x face Report this Post to the Staff
Pennypusher Valued Member United States 486 Posts	Posted 06/25/2008 1:43 pm Silver is very cheap right now, buy if you can. I would suggest going to your so-so dealer and see if he is willing to come down on his scrap price a little(thay usualy are willing to). See what he is asking for War Nickels, since they are often priced well under melt. If you can get them for 65 cents or less you're getting a very good deal. When silver was $18 an ounce I found a guy selling them for 40 and 50 cents each! good luck, PP Report this Post to the Staff
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