Help On Determining The Prices Of My Coins

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Author	Replies: 9 / Views: 994
e-baguio Valued Member Philippines 107 Posts	Posted 07/14/2008 08:07 am hi! I have 117 pieces of one peso Philippine coins which are I guess in good to very fine condition.. not the rare ones, its 1907-s/1908-s/1909-s.... 19.4 - 19.8g/80 percent silver.. i want to sell this in bulk to save time.. my question is this... how can I determine the Bullion value/melt value of each coin? one buyer here says he'll buy my coins for 320 php each or about 7 USD.. do you think his offer is good? or do I need to say hey! can you add atleast 1 bucks for each coin? thanks! Report this Post to the Staff

GO Moderator United States 6563 Posts	Posted 07/14/2008 08:38 am 1 Pesos has 0.5144 ounces of silver current spot price is $18.72 so that's $1126 USD in silver Report this Post to the Staff
nohope587 Pillar of the Community United States 5953 Posts	Posted 07/14/2008 09:32 am Each coin has 0.5144 oz of silver Current silver price is 845 PHP per ounce So melt value on each coin would be 434 PhP each I would expect a good dealer to pay at least 85% Melt so I would be looking for around 368 PHP each. The offer you show is low but not that low tell him you want 400 each and negotiate from there. Report this Post to the Staff
e-baguio Valued Member Philippines 107 Posts	Posted 07/14/2008 09:44 am thanks.. would anyone buy these coins at that current spot price?.. or is it the bases of coin dealers for buying?.. atleast that 18USD per ounce... Report this Post to the Staff
e-baguio Valued Member Philippines 107 Posts	Posted 07/14/2008 09:47 am oh I see.. thank you very much nohope587... that clears all what I have in mind.. Report this Post to the Staff
nohope587 Pillar of the Community United States 5953 Posts	Posted 07/14/2008 09:50 am Dealers typically buy a few dollars under spot and sell for a few over. A Private sale would be your beast bet to realize the max for your coins. You however are not allowed to buy or sell on this forum until you have. The required number of quality posts. Please check out the forum rules.. Report this Post to the Staff
e-baguio Valued Member Philippines 107 Posts	Posted 07/14/2008 10:19 am thanks again for guiding me.. regards Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 07/15/2008 11:41 am Just one more thing to consider. Regardless of who you sell to, you may want to investigate the shipping cost. There is postage, insurances, packaging materials. So when and if you get an offer, figure out who is paying for that. Might sound trivial but could really add up. Report this Post to the Staff
eaglefoot Pillar of the Community United States 6326 Posts	Posted 07/15/2008 11:49 am You can also sell them right here on CCF !.....but you need to wait until you've reached at least 50 posts. (nice avatar, by the way !) Edited by eaglefoot 07/15/2008 11:50 am Report this Post to the Staff
e-baguio Valued Member Philippines 107 Posts	Posted 07/18/2008 10:39 pm hi! I could sell em here but I guess only several are interested on buying my Philippine coins... Report this Post to the Staff
	Replies: 9 / Views: 994

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