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 Replies: 17 / Views: 3,531 |
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Rest in Peace
United States
18456 Posts |
What can I expect to pay for 90% junk silver U.S. coins from a '' We Buy Gold & Silver Shop ?  |
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Moderator
 United States
56855 Posts |
Tough call since it is 90% and not 100% silver,so less than going silver prices for sure. Maybe 30% below current bullion value? If I remember right,near the back of the Red Book gives bullion value per denomination? John1  |
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Pillar of the Community
Canada
3733 Posts |
my shop is spot plus 5%, for junk,
Edited by silverwolf
01/12/2021 10:44 am
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Pillar of the Community
United States
7049 Posts |
2 weeks ago when silver was around 26.50/oz, my lcs/pawn was asking 210.00 for 5 dollar face
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Pillar of the Community
United States
3327 Posts |
Quote:
210.00 for 5 dollar face  "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Valued Member
United States
191 Posts |
"210.00 for 5 dollar face"
Are these numbers are correct?
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Rest in Peace
 United States
18456 Posts |
Quote:
"210.00 for 5 dollar face" That's a heck of a lot of money for $5 face . |
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Pillar of the Community
United States
7049 Posts |
 ...I know..I asked twice and got the same answer, I just quietly chuckled and left. However while I was there, I did pick-up a 1984 LA Olympiad comm.dollar for $14.00 from local sellers box..glad they didn't mark it up...  |
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Valued Member
United States
221 Posts |
This is just my experience over the past few months. Maybe there is some regional variability, but.... What Silverwolf said is a completely reasonable price through any sources I have. At the spot right now, around 20x face seems about right. Around here, and through online auctions, or from the big online bullion sellers, there has been a pretty solid premium over spot since the COVID thing started. Buying at or below spot has not been possible for me, unless someone does poor math or does not know the silver content of foreign coins. Silver dollars tend to bring higher, Morgans also > Peace. Besides their slightly greater (disproportionate to the same face value of other US 90%), the dollars seem to go higher right now. For perspective, I bought some low grade grade Peace dollars in June for $19 each from a private seller when silver was still at around $18. I had my local dealer tell me that that price was below his cost if he ordered through his wholesaler. |
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Valued Member
United States
221 Posts |
Should add that in that pile of Peace dollars—which the previous owner had started to clean with baking soda and aluminum foil—Aack!—was a grubby, sticky, dingy 34 D of an undetermined grade. Some warm water (acetone was not as effective in this instance) removed the gunk to reveal a slightly toned, undamaged AU coin. It promptly displaced another coin from my Peace dollar album! |
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Pillar of the Community
United States
1316 Posts |
So they are selling common / circulated / scrap pile Morgan & Peace at $42 each? (210 / 5 = 42 for a $1 face coin)
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Pillar of the Community
United States
4085 Posts |
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Pillar of the Community
United States
4333 Posts |
In my 45 years of dealing PM's I don't believe I've even seen a LCS selling 90% below spot.
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
4846 Posts |
I was able to get about $5 fv for 16x face at a couple pawn shops, most were BU 50's Washington quarters. I know people can feel weary about them due to extreme markups and the like but if the coins have been sitting on their shelf long enough you can get a deal! Edited by Adam_E
01/13/2021 08:50 am
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Pillar of the Community
United States
533 Posts |
I just paid $305 for 3 rolls of dimes ($15.00 face) so roughly facex20. I don't know if that's inflated but JM Bullion, which is inflated for these type of buys, is getting $430 for the same and ebay seems to start at about $110 to $115 per roll ($5 face) |
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Pillar of the Community
United States
2869 Posts |
My guy pays 32 for morgans
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Replies: 17 / Views: 3,531 |
Posted 01/12/2021 10:44 am
