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 Replies: 19 / Views: 3,890 |
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New Member
United States
3 Posts |
I have the chance to buy 49 1964 P Kennedy halves and 56 1964 D Kennedy halves! The guy is asking $1200 but I've talked him down to $10/ea. He has them in an album, but I don't think he collects enough to care about condition, errors and varieties. What should I do? Have I talked him down enough? |
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Pillar of the Community
United States
7618 Posts |
If you can sell them for more than you are paying him for them then what is holding you up? You surely aren't gonna go to him now and offer him less than 10$ each are you? THAT would be rude!  to the Community! |
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New Member
 United States
3 Posts |
Of course not, I guess I don't really know what I'm looking for from this post. Maybe a "heck yeah!" Great investment opportunity!
Or some sort of approval?
Just make me feel good about spending $1050 bucks!
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Bedrock of the Community
United States
19150 Posts |
Safe to assume you've had a look at the coins? Are you thinking melt value only, or do you feel some of the halves are pristine and could grade better than MS67?
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Pillar of the Community
United States
1086 Posts |
In that many halves, there is a good chance you might find a DDO / DDR. |
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New Member
United States
3 Posts |
I want to keep them. They will go in my collection, I've only seen pictures so far. They all look BU or better in my opinion
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Pillar of the Community
Canada
3733 Posts |
silver value at the moment is 8.80$ each. so you are paying a little over 14% over melt value..
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Rest in Peace
United States
18456 Posts |
If you have the money laying around and not having to need it to pay bills ,then go ahead and pull the trigger . The 64-D Halves in MS is worth a lot more than the 64-P's .  Edited by T-BOP
09/07/2021 7:14 pm
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Pillar of the Community
United States
4692 Posts |
It's junk silver, no value above melt. You can usually find these at little/no premium over spot if you take your time and search around -- occasionally dealers will liquidate a supply to get rid of them.
Edited by jimbucks
09/07/2021 8:32 pm
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Rest in Peace
United States
18456 Posts |
If they are MS-63 or better , they are worth more than junk silver .  |
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Pillar of the Community
United States
4692 Posts |
Quote:
If they are MS-63 or better , they are worth more than junk silver. This is not something a typical collector is going to pay to have graded. So the statement, although perhaps true, is not a reasonable outcome. OP, is it your intention to submit all of these to a TPG? Edited by jimbucks
09/07/2021 8:58 pm
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Bedrock of the Community
United States
20753 Posts |
My suggestion is to find a better way to spend your money.
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Valued Member
United States
442 Posts |
I wouldn't pay more than melt. 64's were first of the Kennedy's, right after he was killed. Also, last year of 90% silver. So everybody kept them. Also, lots of people kept the mint sets. So MS 63+ examples are easy to find. I see the whole mint set, still in packaging, sell for melt at auctions.
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Pillar of the Community
United States
984 Posts |
Quote:"I have the chance to buy 49 1964 P Kennedy halves and 56 1964 D Kennedy halves! The guy is asking $1200 but I've talked him down to $10/ea. He has them in an album, but I don't think he collects enough to care about condition, errors and varieties. What should I do? Have I talked him down enough?" *** Edited by Staff to add Quote tags. Please use them in the future. ***Unfortunately on the coin channel this morning they were offering 20 BU 1964 Kennedys for 129$ or 6.25$ a coin. If you did indeed purchase already, you made another forum member feel better knowing they aren't the only person who over pays for a coin. Not happy you did that but I am not the sole member of that club! |
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Pillar of the Community
United States
984 Posts |
I stand corrected maybe the d mints make it worthwhile?
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Valued Member
United States
221 Posts |
Quote:
Unfortunately on the coin channel this morning they were offering 20 BU 1964 Kennedys for 129$ or 6.25$ a coin. Maybe those were the more common 40% silver Kennedy's? I see that same deal listed on the internet right now for BU 40%. That price seems way too low for 90%. I think getting BU Kennedy's at melt is a real good deal right now, but it feels like there is a good chance the value could go down. In other words, you might be buying high to sell low... Obtaining halves for melt is tough other than through private sellers. Take a look at what APMEX, JM Bullion, and the like are asking for circulated coins. I frequently see people dismiss coins as only being worth "melt". Maybe if you are a wholesaler buying from the public. Post COVID, prices have changed from what I see, even for stuff like common proof sets. Through the channels I had for buying stuff, which included my LCS, in person auctions, online auction houses, and private sellers, it all has gone up with respect to premiums. That's why I am dipping my toes into roll hunting for errors and varieties. Edited by Numiscrat
09/12/2021 12:10 pm
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Replies: 19 / Views: 3,890 |
Posted 09/07/2021 4:49 pm
