Junk Coins For My Silver Collection.

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Author	Replies: 9 / Views: 1,425
Dan John Longano New Member United States 19 Posts	Posted 09/26/2019 10:55 pm I went to a coin dealer for the first time. I bought some old half dollar coins and a quarter for my first silver collection. I paid $48.75 for seven walking liberties (90%)and one quarter also (90%).The spot price at the time was $18.10. Was that a decent price? Report this Post to the Staff

chrisof4 Valued Member United States 274 Posts	Posted 09/26/2019 11:11 pm One of the coin grading companies has an app that will tell you the base metal value of coins. 7 Walking Liberty half dollars comes to $45.22 and a Washington quarter (pre-64) comes to 3.23. So, you basically paid spot. Seems like a pretty good deal to me. Dealers usually charge spot plus a premium in my experience. Curious to see what others say. Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 09/26/2019 11:13 pm Yep. If I did my math correctly you paid slightly UNDER spot. Report this Post to the Staff
jfransch Pillar of the Community United States 1801 Posts	Posted 09/26/2019 11:35 pm Good buy, well done Report this Post to the Staff
Dan John Longano New Member United States 19 Posts	Posted 09/27/2019 05:28 am Thanks guys for your help. Looks like I'll be going back real soon. Report this Post to the Staff
Spence Moderator United States 34393 Posts	Posted 09/27/2019 05:34 am Nice work @djl. I know that these are "junk" coins, but how about posting a couple pics of your favorite coin from this purchase? "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 Report this Post to the Staff
sel_69l Bedrock of the Community Australia 21786 Posts	Posted 09/27/2019 07:18 am I only buy below spot for ASW scrap silver coins. They come as part of numismatic job lots at public auction. There has to be some coin other than the scrap ASW bullion that I may be interested in the lot. Doesn't happen often. I don't particularly go looking for such opportunities. This sort of opportunity has to appear to be quite obvious, to catch my interest. Edited by sel_69l 09/27/2019 07:18 am Report this Post to the Staff
moxking Rest in Peace United States 17900 Posts	Posted 09/27/2019 08:38 am Well Done. That dealer definitely wants you as a repeat buyer. Report this Post to the Staff
KenKat Pillar of the Community United States 4085 Posts	Posted 09/27/2019 08:46 am Yeah, nice deal! My 7070 US Type Set My 7100 Lincoln Cent Set (now with updates!) Report this Post to the Staff
mail187man Valued Member United States 265 Posts	Posted 10/02/2019 08:33 am I also enjoy collecting 90% silver and filling up the clear plastic coin tubes. Looks like you paid an even 13x face for your coins. That is roughly what my silver guy has been charging. I think my guy was at 13.25 a couple of weeks ago. Report this Post to the Staff
	Replies: 9 / Views: 1,425

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