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Should I Scrap These Silver Eagles?

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Djrev757's Avatar
United States
131 Posts
 Posted 12/28/2023  4:08 pm Show Profile   Bookmark this topic Add Djrev757 to your friends list Get a Link to this Message Number of Subscribers
I am going to scrap a lot of my silver items/coins Friday and was going to toss these in as well but my friend suggested I hold on to them because the tone can get bigger and make the coins look nicer with the coloring. Not too sure if they are worth holding onto though or just go ahead and throw them in the scrap box for Friday. What would you guys recommend I do?


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John1's Avatar
United States
56855 Posts
 Posted 12/28/2023  4:19 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
My vote is scrap them. Has no eye appeal to the toning.
John1
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Djrev757's Avatar
United States
131 Posts
 Posted 12/28/2023  4:33 pm  Show Profile   Bookmark this reply Add Djrev757 to your friends list Get a Link to this Reply
Thanks thats what I thought too, kinda looks ugly to me so rather have the extra $40 lol
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Bud250r's Avatar
United States
824 Posts
 Posted 12/28/2023  4:48 pm  Show Profile   Bookmark this reply Add Bud250r to your friends list Get a Link to this Reply
A quick dip will get rid of all that ugly toning. They will look like new.
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BStrauss3's Avatar
United States
4587 Posts
 Posted 12/28/2023  7:19 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
That specific toning will not get better. It's always going to be dark, regardless of what happens to the rest of the surface.
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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HondoB's Avatar
United States
24894 Posts
 Posted 12/28/2023  7:27 pm  Show Profile   Bookmark this reply Add HondoB to your friends list Get a Link to this Reply
Djrev757, are you getting $40 for the pair or $40 each?
Inordinately fascinated by bits of metal with strange markings and figures
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Errers and Varietys's Avatar
United States
73607 Posts
 Posted 12/28/2023  11:34 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
If it was me, I wouldn't scrap them.
Errers and Varietys.
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nickelsearcher's Avatar
United States
15386 Posts
 Posted 12/29/2023  07:11 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
These are bullion coins - their value will always be tied to the price of silver and the eye appeal as a numismatic item makes no difference.
Take a look at my other hobby ... http://www.jk-dk.art
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United States
1217 Posts
 Posted 12/29/2023  08:24 am  Show Profile   Check Gilly's eBay Listings Bookmark this reply Add Gilly to your friends list Get a Link to this Reply
I'd like to reply a little more generally to what you're doing with scrapping the silver.
If you intend on taking it to a coin shop or "WE BUY SILVER" shop, I'd really think a little or at least hear me out.
These places don't really offer the best return on the coins. , for the most part, are not even going to give you the melt value. They offer a pretty good percentage below even that. Understandable, they need to stay in business.
Your best bet is online sales to other stackers. I believe even ebay sales will pay better, even with the fees.
My recommendation is joining a few Facebook pages dealing with silver and gold sales. I belong to a few and have done pretty good dealing with stackers directly. I usually do a24 hour style auction, where the bidding is ended 24 hours after the last bid. If you're not on Facebook, I guess this isn't a good option. I wouldn't do Facebook marketplace, that's not what I'm suggesting. Just look your options over before you sell to a local shop.
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BStrauss3's Avatar
United States
4587 Posts
 Posted 12/29/2023  09:21 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
You can also open an account with a refinery and have it done for you without a middleman.

You need to have $5k in silver or $10k in gold per lot, but the fees are a few % instead of the WE BUY GOLD (and rip you off) places (The large print giveth and the small print taketh away).
-----Burton
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Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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jbuck's Avatar
United States
187582 Posts
 Posted 12/29/2023  10:00 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Your best bet is online sales to other stackers. I believe even ebay sales will pay better, even with the fees.
I agree. Do not scrap them! Selling to a stacker would be my choice.

They are just bullion, so as mentioned above, a quick dip (acid & thiourea, e.g. e-Z-est, Jewel Luster, etc.) with remove the spots and improve their "curb appeal" on the Bay. Remember to rinse well after dipping.

Even if you do not want to mess with the dip, you might still find a buyer at a better rate than a recycler.
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Djrev757's Avatar
United States
131 Posts
 Posted 12/29/2023  4:22 pm  Show Profile   Bookmark this reply Add Djrev757 to your friends list Get a Link to this Reply
Thanks, I will order some dip tonight and try that, worst case I ruin them and sell for silver lol. What dip would you guys recommend me getting? Also would I use the same dip on all the coins (1c, 5c, 10c etc) or just the silver?
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Djrev757's Avatar
United States
131 Posts
 Posted 12/29/2023  4:25 pm  Show Profile   Bookmark this reply Add Djrev757 to your friends list Get a Link to this Reply
@Gilly Thank you very much I will go look at some fb pages tonight and see about selling my silver there instead. I have 40+ pieces left AU55+ (from what iv been told, I wouldnt know grades yet) so ill try Fb and see where that goes. I appreciate the information a lot, thank you.
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jbuck's Avatar
United States
187582 Posts
 Posted 12/29/2023  4:41 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Thanks, I will order some dip tonight and try that, worst case I ruin them and sell for silver lol.
Which is what you would have done anyway. In this case, you get to experiment!


Quote:
What dip would you guys recommend me getting?

https://www.wizardcoinsupply.com/pr...5-ounce.html


Quote:
Also would I use the same dip on all the coins (1c, 5c, 10c etc) or just the silver?
Only use on silver. It will ruin cupr-nickel and turn copper pink.

Before you do the dip, read up on it a bit...

http://goccf.com/t/125536
http://goccf.com/t/296827
http://goccf.com/t/31313
http://goccf.com/t/314862
http://goccf.com/t/358375#3081582
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United States
1217 Posts
 Posted 12/29/2023  6:46 pm  Show Profile   Check Gilly's eBay Listings Bookmark this reply Add Gilly to your friends list Get a Link to this Reply
My opinion is it's not going to increase what a stacker is going to pay. If anything it makes the coins seem more authentic if they have the natural toning on them. The Chinese don't try replicating toning. I'd leave them alone, the juice isn't worth the squeeze.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 12/29/2023  7:03 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
If you are a silver stacker: - no.

If you are a coin collector, you may be able to do better
with a trade at a coin show, or at least use the cash to contribute to another coin purchase.
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