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Bulk Purchase Silver

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Author Previous TopicReplies: 7 / Views: 1,341Next Topic  
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woodcr's Avatar
United States
403 Posts
 Posted 04/03/2020  7:39 pm Show Profile   Bookmark this topic Add woodcr to your friends list Get a Link to this Message Number of Subscribers
I have the opportunity to bulk purchase 100 morgan and Peace dollars from private party, also about 100 dollars of dimes quarters halves, franklins walkers, washington rosies mercs, what would be a fair price in your opinion
Valued Member
carlp007's Avatar
United States
473 Posts
 Posted 04/03/2020  8:22 pm  Show Profile   Bookmark this reply Add carlp007 to your friends list Get a Link to this Reply
Wow that would be a great purchase. Looks like all the coins are 90% silver. Are the coins culls, or have numismatic value? If you are buying them as junk silver, what are you willing to pay per dollar? What is he/she willing to accept per dollar? Wish I had that type of opportunity. Let us know what happens.
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SilverCents's Avatar
United States
3281 Posts
 Posted 04/03/2020  9:17 pm  Show Profile   Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Just as a side note, this is the Family Forum, this would be a question for another forum.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 04/03/2020  9:21 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I presume that the present owner has a good idea of the X times face value is.

A fair price to offer would be what APMEX would offer for the same lot.
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Slider23's Avatar
United States
4469 Posts
 Posted 04/04/2020  10:09 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
$10.5 X no date, heavily worn or scratched, damaged

12 X dimes, quarters, Franklin, Kennedy

12.5 X Walkers

15 X Peace & Morgans
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woodcr's Avatar
United States
403 Posts
 Posted 04/04/2020  10:48 am  Show Profile   Bookmark this reply Add woodcr to your friends list Get a Link to this Reply
thanks slider, I will pull out semikeys and offer more
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kanga's Avatar
United States
5825 Posts
 Posted 04/04/2020  11:28 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
If you can't view the coins ahead of time, go with the assumption that they are culls and base you offer on the silver spot price plus some smallish percent.
I would recommend 3% for a start; do NOT go over 5%.
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woodcr's Avatar
United States
403 Posts
 Posted 04/04/2020  12:03 pm  Show Profile   Bookmark this reply Add woodcr to your friends list Get a Link to this Reply
i will see them all, she is mother of a good friend, only problem right now is virus, and of course the gold I cant touch, too expensive 4 me, her deceased husband gold, she read off 6 in a special folder he had them in, no keys but gold value almost $2,000.00
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