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 Replies: 19 / Views: 3,792 |
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New Member
United States
41 Posts |
I have recently come across a dealer that is just into buying precious metals, however he does sell his silver coins for spot if you inquire. Mixed within the coins he is selling at spot are barbers. I realize that the are not near to being higher grades they are still however Barber quarters, halves, and dimes. I was hoping to see if other members of the forum see any value in this. Some coin s that I saw had alot of the edge reeding worn smooth but still had good definition on the coin surface. Can I seel full rolls of barbers for a premium? |
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Pillar of the Community
Canada
4944 Posts |
I would say go for it. Where else will you be getting silver at spot? Even if you put them on ebay to re sell, I am positive that someone would pay over spot. |
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Pillar of the Community
Canada
4944 Posts |
Forgot to mention, that the grade of "junk silver" doesn't really matter. You would buy these for the silver content, not the condition.
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Pillar of the Community
United States
2541 Posts |
I'd say go for it. Everywhere I see Barbers they are always for a higher price than the Kennedy or Franklin halves and the same for the quarters and dimes. |
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Valued Member
United States
258 Posts |
Barber coins were not produced in high quantities so that is one reason you should purchase every one you can get. Additionally I have always done well with all the Barber coins when I have purchased them for resale. It should be fairly easy to make some money on them as long as they grade at g4 or better when buying at spot. Sincerely, John Leckrone
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Valued Member
United States
254 Posts |
I would think it is a good idea to buy all the ones that are in G-4 condition or any better dates you come across. If they are corroded, bent, or otherwise mutilated it might be better to pass as these would be harder to sell.
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Pillar of the Community
United States
3076 Posts |
I guess one should ask.. JUST HOW MUCH IS SPOT.. its been years...since I bought bullion. yet the price of "handling-Spot---" always got in the way...what are your opinions now? Do you pay "SPOT " when buying?, and do you pay SPOT when selling? seems if you pay on both sides, that really cuts down on any profit, unless you can buy low and sell high? What is the deal?
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Bedrock of the Community
United States
10284 Posts |
Quote:
seems if you pay on both sides, that really cuts down on any profit, unless you can buy low and sell high? What is the deal? This is just the way it is, it is always profitable to the dealer since he is constantly moving silver along both directions. He will buy silver today at 10 to 15 % below spot price and turn around and sell that same silver at 10 to 15 % above spot. The more volume a bullion dealer can move the more money they can make. The more money they can make, the lower they can make the margin of what percentage they will charge for a fee. For speculators, buyers, sellers, we pay for the convenience of having a person to buy silver from or to sell it to. If it were a sure thing we would all buy silver, but we can only speculate on it going up or down. Funny how when silver rises in price, a lot of buying goes on and when it drops, a lot of people sell. It should be just the other way around. |
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Bedrock of the Community
United States
17884 Posts |
It's a no brainer. If you can get barbers for spot or melt you do it. For the most part even worn barbers will bring a premium and if you do get some that are so far gone or damaged that they won't bring a premium they can always be sold again for melt. I see no downside to it.
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Pillar of the Community
United States
1745 Posts |
Quote:
It's a no brainer. If you can get barbers for spot or melt you do it. For the most part even worn barbers will bring a premium and if you do get some that are so far gone or damaged that they won't bring a premium they can always be sold again for melt. I see no downside to it.  I had bought a roll of Barber dimes at melt and was able to pull out the good ones to keep and sold the duplicates on ebay. There seemed to be quite a bit of interest in them and I made out fine. |
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Pillar of the Community
United States
2602 Posts |
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Pillar of the Community
United States
3294 Posts |
Just be ready to shell out the BIG $ for that 01-S quarter.
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Pillar of the Community
 United States
2448 Posts |
I presume it the 1901 S Barber you're referring to? If so, you gonna need a whole lot of Barber dimes. (Unless you have the 1894 S proof, of course.) |
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Valued Member
United States
254 Posts |
Actually, buying Barber dimes for about spot is how I started my dime set. I picked through a dealers inventory and in a couple of days I had about 30% of the set done. Sure they were mostly G-4 with a few AG-3 and VG-8, but the important thing is that it was a start. Then I slowly started upgrading and before I knew it, the set was almost complete. I highly recommend the Barber dime set over the quarters as there is no coin that is ridiculously expensive. The 1895-o is the key and that can be purchased for a few hundred as opposed to the few thousand required for the 1901-s quarter. |
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Valued Member
United States
450 Posts |
Check this out, I asked my local dealer what he was paying for common worn barbers and he told me they were just worth their silver content, then he told me he would not buy any from me because most Barbers that are good/AG have less silver because they are so worn!
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Pillar of the Community
United States
4846 Posts |
what your dealer said is bull.
if there was loss of silver the most it could be is about $1 worth
if you have REALLY crappy coins than maybe $2 or $3
Edited by Adam_E
08/28/2010 5:24 pm
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Replies: 19 / Views: 3,792 |
Posted 08/14/2010 2:28 pm
