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 Replies: 8 / Views: 1,563 |
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Pillar of the Community
United States
880 Posts |
I know 90% is .715 x whatever the price of silver is. But what do you all try to buy silver at? For resale purposes? Is .65 too low?
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Valued Member
United States
397 Posts |
I try to offer 70% for bullion value , then make a decision what I should offer for numismatic value.
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Pillar of the Community
 United States
880 Posts |
So since my original question probably wasn't worded properly. Let me re-ask. And for this threads sake, lets say that the current silver price is $30 an ounce. At that price a silver dollar is worth $21.45 in melt.
Do you offer $15 (70% of $21.45) or do you offer $21 (which is $30oz x .70)? Is that a little clearer? I hope so, I really can't explain stuff over the net so I'm sorry.
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Valued Member
United States
397 Posts |
You can't use the 0.715 ratio for silver dollars. Just for a face value of $1.00 of halves, quarters, and dimes. Silver nickels and silver dollars have different ratios.
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Pillar of the Community
United States
4008 Posts |
It also depends on the coins. I bought 24 Morgans from a friend of my wife. I paid her $30 each for them when the silver price was about $38/oz. I really like Morgans. The design and the history is very attractive to me. Plus, a number of these dollars were in AU condition and some were in XF condition. I paid about $0.80/oz. more for them than the silver was worth... but they were worth that to me.  She also had 2 Morgans and a Peace dollar that were in less than good condition. I did not want to buy them, so my wife took them to a coin shop that is next to her store. The owner bought them for $65. My wife's friend was thrilled to be able to sell them all. |
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Pillar of the Community
United States
880 Posts |
Why are silver dollars a different ratio? I know you can't use nickels, but silver dollars are also 90% silver.
Now I do understand that rare coins and condition of the coins change things all together, but I'm mainly talking about junk 90% silver here.
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Valued Member
United States
397 Posts |
Their size - one silver dollar contains more silver that $1.00 face of halves, quarters, or dimes - but less than $1.00 face of War Nickels. Ten dimes, four quarters, or two halves contain 0.7234 ounces of silver. One silver dollar contains 0.7735 ounces of silver. Twenty War Nickels contain 1.1253 ounces of silver. |
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Pillar of the Community
United States
880 Posts |
Well that sure is a good thing to know! I need to spend a little more time investigating silver bullion.
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Valued Member
United States
397 Posts |
I pay 70% of the value listed on (124) Not Allowed - Auto-Removed .com just so I don't have to think about it too much. Same with sterling ,ect unless the seller has a price in mind, if their desired price is within 5% of my price I go with what they're at.
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Replies: 8 / Views: 1,563 |
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Posted 07/05/2011 10:14 pm
