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 Replies: 9 / Views: 2,439 |
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Valued Member
United States
327 Posts |
Here is the deal: 90% US Silver Coins Pre 1965 - $1 Face Value Lots $13.00 They say that the coins will be random but could include Mercury dimes, half dollars, etc. Is this a good deal and how would you evaluate it? Is my logic correct that to know if it is a good deal, I would need to know which coins because a half dollar would have more silver content then 5 mercury's yes? I would like to hear anyones opinion on this deal. Thanks. John Edited by johnstac
07/15/2010 2:24 pm
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Pillar of the Community
United States
2541 Posts |
$1 has the same silver content as 4 quarters or 10 dimes, otherwise there would be arbitrage. 13x face is ok for buying right now.
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Valued Member
United States
290 Posts |
That would be okay if all 90%, and no 40% or WWII 35% nickels.
10 silver dimes = 4 silver quarter = 2 silver 90% halves = 1 90% silver dollar.
They all have the same total silver content.
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Pillar of the Community
United States
781 Posts |
i'd buy at 13x face. i'd prefer to know what exactly I was buying, but i'd risk $13 to try it.
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Pillar of the Community
United States
528 Posts |
13 times face is a pretty fair price right now. I work in a coin store and we sell at about 13.5 right now
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Pillar of the Community
United States
3294 Posts |
I would buy silver dollars all day at $13 each.
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Valued Member
United States
103 Posts |
That's not a bad deal considering that a silver $1 in any form has about .75 oz of silver. At $18 spot, you would underpaying for the silver content at $13.00 per $1.00 face.
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Pillar of the Community
United States
573 Posts |
Silver dollars actually have a little more silver than halves and under. There are .7735 Toz of silver in a silver dollar. There were .7234 Toz of silver in 2 halves, 4 quarters or 10 dimes. Due to wear, that amount is rounded down to .715 Toz.
So if there are silver dollars in the lot, the deal is even better.
There's another site I have bookmarked (not sure if I can mention it so I won't) that is selling $10.00 FV for $176.46 or $17.47/$1.00. Even their $1,000.00 FV bag is selling for $15.99/$1.00. So if you are getting it for $13.00/$1.00 on small lots, that's a real good deal.
Edited by StJoeBlues
07/15/2010 6:17 pm
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Valued Member
United States
313 Posts |
SDcoinguy has 3 rolls of 64d dimes for sale he is asking 13.4 but that is delv'd and most look to be BU/MS make him a offer you 'll know what yor getting plus helping out another fourm member  I would buy them but just can't at this time. |
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Bedrock of the Community
United States
10982 Posts |
As StJoeBlues noted, silver dollars have significantly more silver in them than the other denominations. Silver dollars usually carry a numismatic premium as well, regardless of condition.
When referring to 90% junk silver, it is dimes, quarters and halves only and they all contain the same amount of silver per face value. The deal sounds pretty good but I still like to see photos. $1 in heavily worn "slicks" would cause me to pass on it.
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Replies: 9 / Views: 2,439 |
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Posted 07/15/2010 2:23 pm
