1965 Silver Dollar - Coin Community Forum

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Author	Replies: 6 / Views: 3,133
Colhand1 Pillar of the Community United States 629 Posts	Posted 06/22/2011 09:50 am I hope to sell some of my silver dollars. Of course I keep daily track of what the price of silver is at. If you were to go into a dealer and offer him a roll of 1965 common dollars in unc, would you expect to get the silver pricing each that was the going rate that day or something less? Report this Post to the Staff

SHAFTA9a Bedrock of the Community Canada 10743 Posts	Posted 06/22/2011 12:09 pm Hi, Colhand1... There are 5 varieties in Canada silver dollars in 1965, so you should probably check them out. If, you were to sell say, 20 silver dollars, the silver melt value is somewhere around $400.00. Report this Post to the Staff
Colhand1 Pillar of the Community United States 629 Posts	Posted 06/22/2011 12:13 pm Thank you, yes I am familiar with the 1965 types, I was just trying to describe a bullion transaction. If a roll of silver dollars is $400 at melt pricing - is that a price that I can expect from a dealer or do they discount the pricing? Report this Post to the Staff
Ugly Pillar of the Community Canada 1733 Posts	Posted 06/22/2011 12:26 pm I'd say 18.50-18.75 Canadian dollars is the price you can expect to receive per dollar face value at the moment of this posting - based on what the largest dealers are paying for melt right now. If you've picked the gems and these are common, then that's their legitimate value because they are worth what someone will pay :) Report this Post to the Staff
SHAFTA9a Bedrock of the Community Canada 10743 Posts	Posted 06/22/2011 12:27 pm It is difficult to say what any dealer will offer you for unc Silver dollars, I am sure it would depend on their stock at the time. Report this Post to the Staff
papeldog Pillar of the Community Canada 1923 Posts	Posted 06/22/2011 12:50 pm But if you are selling melt value inventory to a dealer shouldn't matter would it? Bullion is just silver value isn't it, so would it be safe to say that the dealer would probably want to make a % for transaction? What percentage less would a seller expect to take from you? Report this Post to the Staff
Colhand1 Pillar of the Community United States 629 Posts	Posted 06/22/2011 1:23 pm I have asked dealers how they can afford the daily dealings of all the people coming into their shops to offer them coins - bullion typically that they give money to. Some of the dealers tell me that everyday they are shipping coins, bullion, gold to the smelter as they have a fixed return based on melt pricing for that shipment. Does a dealer typically offer 10% off of melt to cover his overhead or some other amount? Plus being in the USA has it's own problems in that Canadian silver is only 800 fine which I think that the dealers intentionally discount even further. Any thoughts? Report this Post to the Staff
	Replies: 6 / Views: 3,133

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