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 Replies: 27 / Views: 3,832 |
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Pillar of the Community
United States
781 Posts |
I've got a guy offering 680 40% kennedy's for $2600. that's about 7.6 x face, I think...this still seems high. what's a reasonable counter offer?
they're all circulated, no culls, nothing amazingly MS either. Edited by jedichef
07/18/2010 8:33 pm
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Valued Member
United States
364 Posts |
I would not pay more than 5.2x face.
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Pillar of the Community
United States
4000 Posts |
5.2 is current melt value. Here is a great tool that keeps updated melt values:
[oops!] my bad
Edited by Scooby Due
07/18/2010 8:41 pm
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Pillar of the Community
 United States
5953 Posts |
I just sold 200 for $470 shipped ($2.35 each) which would make 680 around $1600 Its better than Kitco were paying at the time. They were the same grade range.
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Pillar of the Community
 United States
781 Posts |
scoobs, got the your email, thanks!
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Valued Member
United States
368 Posts |
that is 3.82 a half dollar
I was told that they usually go for no more then 2.50 a piece and that they are harder to get rid of and thats why some people don't even pull them out of circulation
IDK
thats what I was told, but I could be really wrong, anyone else
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Valued Member
United States
467 Posts |
When selling I usually sell for 90-95% of melt. I don't buy them. I feel they are like War Nicks.
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Pillar of the Community
United States
1080 Posts |
about $4.50 times face is what the local dealer pays
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Bedrock of the Community
United States
10982 Posts |
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Pillar of the Community
United States
781 Posts |
I made an offer of 1575, I doubt he'll take it.
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Valued Member
United States
95 Posts |
I sold 40% to a friend (in person, not on ebay) at approx. 92.5%. That was the halfway point between spot and what the coin store offered, which was approx. 85% of spot. |
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Pillar of the Community
United States
850 Posts |
i bought a bunch from an antique mall for $1.50 each. I also bought silver roosevelts for $1 each and silver Mercury dimes for $1.50 each. |
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Pillar of the Community
United States
1882 Posts |
junk 40% halves should sell at a discount to melt...it's more work to get the silver out of them than a 90% coin.
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Pillar of the Community
United States
4541 Posts |
just be careful with 40% halves they are hard to turn without loosing money
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Valued Member
United States
290 Posts |
Yes, they are easy to but... But sometimes hard to unload. You should buy under melt definitely, or look elsewhere.
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Valued Member
United States
99 Posts |
Admittedly I don't know anything about the refining business, but why are 40% coins supposedly more work to extract silver than the 90%? Isn't the process going to be the same? Or is it simply b/c it's a lower yield that it takes more time than it would to extract the same amount of silver from the 90%. That's probably the real reason, basic economics, but curious of there was a refining reason as well.
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Replies: 27 / Views: 3,832 |
Posted 07/18/2010 8:41 pm
