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 Replies: 10 / Views: 2,413 |
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New Member
United States
4 Posts |
Hi All,
So I have a bunch of very low grade silver quarters, dimes and 1/2 dollars that I would like to sell at mint value. Who buys this stuff?
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Bedrock of the Community
Canada
24885 Posts |
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Bedrock of the Community
 United States
12477 Posts |
 As Dorado pointed out, you are not currently eligible to sell here, but if you want to get at least melt value, you would probably need to sell online on a platform such as ebay. I don't think any local coin or pawn shop will pay melt for them if they are worn common dates. 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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Bedrock of the Community
United States
20753 Posts |
As noted possibly only place would be ebay and sell as Unsearched coins. |
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Pillar of the Community
United States
4085 Posts |
If you have at least $1000 in melt value (a little under $100 face), I believe you can also sell them to sites such as AMPEX or JM Bullion. |
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Moderator
 United States
54280 Posts |
Quote:I believe you can also sell them to sites such as AMPEX or JM Bullion. You won't get melt value from those sites. |
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Pillar of the Community
United States
4333 Posts |
I tried to sell several rolls of 40% silver halves on Craigslist a while back. I was asking about 80% of spot, and they sat there for weeks. Finally had one bite, and my wife sold them to him at the Credit Union where she works, for 70% of spot. My dealer was paying less than 50%.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
2637 Posts |
There's a huge difference between the percentage of the melt price you can get with 90 percent, and the percentage you can get for 40 percent. As far as I know, businesses that accept scrap to melt will not accept 40 percent -- or under 50 percent.
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Pillar of the Community
United States
4333 Posts |
Quote:
There's a huge difference between the percentage of the melt price you can get with 90 percent, and the percentage you can get for 40 percent. As far as I know, businesses that accept scrap to melt will not accept 40 percent -- or under 50 percent. I just checked Provident. Looks like they're buying 40% halves at 90% of spot, and 90% Kennedy's at 96% spot. I suppose some could say a huge difference. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
2520 Posts |
I've never had any problem selling silver on ebay or Craigslist. Granted, the last time I sold sold scrap on ebay, the maximum FVF was $50.00. After they started the rate hikes, I opted to use Craigslist & made more money. You just have to be smart about where you make the sale. With any luck you'll find repeat buyers you can contact directly like I did. |
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Bedrock of the Community
Australia
21786 Posts |
I have about 1/2 kilo of World silver coins that were bought at well below melt value.
How?
Most of them came in numismatic job lots from public auction. The reason why I bought in these circumstances, had little to do with the silver. In most cases, I was far more interested in the other than silver coins in the lot, for strictly numismatic purposes.
At public auction I submit low bids, and therefore only rarely, am I successful, but I have picked some nice numismatic bargains along the way. The collateral silver is just a nice bonus.
I will eventually sell the non numismatic silver coins in a job lot to a bullion dealer, and use this money to buy numismatic items at auction or a coin dealer.
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Replies: 10 / Views: 2,413 |
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Posted 08/09/2019 01:36 am
