Standing Liberty Quarter Purchase Question

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Author	Replies: 4 / Views: 1,031
CoinsKelly Pillar of the Community United States 3453 Posts	Posted 06/30/2011 11:50 am I am purchasing silver from a friend, dimes, quarters and halves, most of it is only worth the melt price. In the batch she brought in today, there were three SLQ, all with dates worn but one is definitely a 1917 type 1 (there are two strands and the gown is touching the bottom of the step). I had been purchasing the silver slightly below melt but do not feel right about doing that with these. This is a friend who is selling me the coins because I love coins (and she could use the extra$$) and she trusts me to be fair. So, what would YOU pay for the 1917 type 1 worn and two no date SLQs? (Her source is her aunt's estate - she is going through boxes and bringing me these as she finds them so it is always a surprise what she will walk in with). Report this Post to the Staff

nod2003 Pillar of the Community United States 3294 Posts	Posted 06/30/2011 11:59 am dateless SLQs are still only worth melt unless you found a dateless 1916. Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 06/30/2011 12:02 pm I would not feel bad about it, a dealer would only pay silver value for dateless SLQs as well. With the rise in silver value, I can occasionally find Barber denominations for silver spot which would have been almost unthinkable five or ten years ago. Report this Post to the Staff
Jaobler Pillar of the Community United States 6394 Posts	Posted 06/30/2011 12:09 pm I haven't weighed any dateless SLQs but I expect they would be at least 5% lighter than the official standard due to wear. You may be paying closer to actual bullion value than you expect for such low-grade silver coins. Report this Post to the Staff
mycrob Pillar of the Community United States 2602 Posts	Posted 06/30/2011 5:44 pm I agree with silver melt for dateless SLQs. If the 1917 T1 has a date and it is a full date, you might offer a dollar or two above melt for that one. Report this Post to the Staff
	Replies: 4 / Views: 1,031

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