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Posted 08/30/2010 6:08 pm
Adam,
I believe vanbroj has a point... I have heard MANY people prefering Kennedys, or Franklins in higher grades over heavily worn Barbers.
The main problem is you are looking at this as a COIN collector, where as alot of people in the market to buy silver are in it for alternative reasons, not for coins. They view coins a bullion, and view worn barbers as them being shortchanged (as they are bought in multiples of face).
I am not suprised that some dealers will only buy barbers on weight not face, especially if they are to be sold as silver bullion locally.
Somtimes it helps to look at WHY a dealer would say that... and not just jump on it as "bull"
That being said I would buy barbers at spot if they were available...
I believe vanbroj has a point... I have heard MANY people prefering Kennedys, or Franklins in higher grades over heavily worn Barbers.
The main problem is you are looking at this as a COIN collector, where as alot of people in the market to buy silver are in it for alternative reasons, not for coins. They view coins a bullion, and view worn barbers as them being shortchanged (as they are bought in multiples of face).
I am not suprised that some dealers will only buy barbers on weight not face, especially if they are to be sold as silver bullion locally.
Somtimes it helps to look at WHY a dealer would say that... and not just jump on it as "bull"
That being said I would buy barbers at spot if they were available...
