1923 Peace Dollar In Large Quantity

I don't think every coin dealer is looking to pay according to melt for BU Peace dollars to make 100% profit on a sale. If wholesale is $30 per coin (example number), a dealer may pay $22-$28 per coin. This is a similar situation to bullion, low profit margin but larger volume. If a dealer pays $25 per coin and sells them wholesale at $30, that is $8,500 profit achieved in a few days. It just depends on the dealer, which is why you call around.

Also, ebay sold listings gives you some of the most accurate coin values, although you need to factor in fees and shipping.

Don't forget about the 1099 tax doc ebay now issues

1700 unslabbed Peace dollars is a stack. While it is worth looking tor high grade MS coins, the cost of slabbing all of them isn't worth it. Selling them raw piecemeal on ebay incurs a lot of fees, packing and shipping costs and sketchy buyers. Extracting $30 each from 1700 buyers will shorten your life considerably.

I've sold coins like this to get coins that I actually want. I've never wanted a 1923 Peace dollar.

I really appreciate all the responses. I hate to admit that I'm into this silver coin now a lot more than I thought. I found a receipt that my friend paid for a couple of rolls of 20 coins at $699 in 2016 so he paid $35/coin with silver spot at $17. No one has the crystal ball but given the current inflation, I'm leaning toward holding out and hoping to unload it at $4-5 above the spot price when silver crosses $30. Am I being unrealistic?

My local coin clubs seem to be meeting remotely due to Covid. I found out there will be a coin show in July so I might bring a few rolls with me to see what I can get then.

I'm mostly retired & buy/sell stuff on a part time basis. There's absolutely no way I would consider selling these on ebay. If I can't make a minimum of $15/item it's not worth the time to take pictures, list, pack, ship, & deal with potential customer issues. IMO there's no way these would sell for enough over what I could sell for elsewhere to cover fees & pay for my time.

It's been several years since I sold to them but I'd suggest contacting APMEX for a quote. Their buy prices vary depending on quantity. When I sold to them they paid within a couple dollars of their sell price for quantities of $10,000 and over. They are currently selling BU Peace dollars for $34.99. Based on my experience they would pay around $32. The process was fairly simple. They gave me a quote, I shipped registered mail, & they paid what we agreed on once they got there.

[quote]No one has the crystal ball but given the current inflation, I'm leaning toward holding out and hoping to unload it at $4-5 above the spot price when silver crosses $30. Am I being unrealistic?[quote]

There is no right or wrong answer on holding onto your coins until silver hits a target price. Silver and gold are both a hedge against inflation.

You might want to consider selling off the low end of 200 or 300 circulated coins to get your feet wet on selling coins to dealers, coin shows, ebay, etc.

1921 are going for a huge premium right now. If it was me, I'd hold onto them as a "stack" investment for the future. They are not going to lose value as higher inflation sets in. People invest in silver as a hedge. We don't know what the future holds.

@trdhrdr007 APMEX offered 29 and went up to 29.75 for 1000 coin BU so it's about $5 above the spot. They currently have 1922 BU listed at $819/roll of 20, I was hoping for $32.

@Slider23 Looks like Great Collection has the lowest fee. Thanks

@EDM Morgan Silver looks very rough though so not sure about values.