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 Replies: 15 / Views: 2,292 |
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Pillar of the Community
United States
7184 Posts |
So I have been sitting on this stash pulled from circulation over the years and I've been offered 11.5 times face, would you sell?
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Moderator
 United States
187446 Posts |
Do you need the money or do you want the money to spend on other coins? If either is (or both are) the case, then yes. If not, then no. Just my humble opinion.  |
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Pillar of the Community
United Kingdom
1682 Posts |
The answer will always be depends. What is the purpose of your stash? What will you do with the proceeds of the sale? Which way to do think the market is going? Personally, I would not sell because you will not be able to replace the silver by finding it in circulation again (my math says $130 is 260 Kennedy half dollars...40% silver makes that to around 38.45 ounces of silver. Ken |
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Valued Member
United States
439 Posts |
I have found that 40% is harder to sell than the 90%. I don't think that is an unreasonable price. Maybe you could get a little more but it is a fair. You could always put it on the auction here. Also take a look at ebay's prices, subtract the fees and see where you are. |
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Valued Member
United States
364 Posts |
11.5 times face is pretty good. Assuming you meet JBuck's criteria above, then yes would sell to that person.
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Pillar of the Community
United States
619 Posts |
11.5 x face is very good! That's $5.75 each, and melt is $6.34 right now.
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Pillar of the Community
United States
2049 Posts |
That's a decent offer right now however many (including myself) think silver is still going to have a ways to go up. So if you need the cash for a specific need, then I would liquidate, otherwise hold on to them. Or sell them and convert to 90% silver or 0.999 silver.
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Bedrock of the Community
United States
20753 Posts |
Long before you dump them, you really should know what they are Numismatically. Many people end up dumping and/or melting coins of extreame values.
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Pillar of the Community
United States
849 Posts |
I was offered 22.4 times face value and sold a roll of 40% to a gold buyer. I dont know what that person was thinking
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Pillar of the Community
United States
1285 Posts |
That looks to be a good deal.
Here is why...I bought quite a lot of rolls when silver was rising (in the 20's) and sold out averaging around $42 (silver price). When you sell on the BST / over the internet etc you have pp fees and postage with insurance which can add up.
SO when I posted items on the BST I added the pp fees etc into the price just to break even on the local price being offered as when I sell locally we all know where it ends up.
In my case I sold in lots of 5 to 10 rolls every week and averaged out.
Edited by Ceylon62
08/20/2011 08:02 am
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Pillar of the Community
United States
2049 Posts |
Quote:
I was offered 22.4 times face value and sold a roll of 40% to a gold buyer. I dont know what that person was thinking Wow! I would go to the local dealer, buy up all the 40% junk silver even at full retail, and sell them to that gold buyer all day long. :P |
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Pillar of the Community
 United States
7184 Posts |
In doing some research Provident metals is at $11.95 for face.
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Pillar of the Community
United States
4541 Posts |
I am not big into 40%. Like others have said I found it hard to move
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Pillar of the Community
United States
7184 Posts |
That is why I'm interested in liquidating the 40% as I have already sold my 35%.
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Pillar of the Community
United States
4333 Posts |
I sell my 40% whenever I acculate a few rolls. I've been getting 10X face (a month ago), and I trade up to ASE's. I take a hit on the small premium of ASE's, but it does not bother me. 40% silver is truly "junk silver", and takes up too much storage space. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
439 Posts |
coincollector123, the guy must have been thinking 90% and thought he was ripping you off.
Good sale.
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Replies: 15 / Views: 2,292 |
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Posted 08/19/2011 10:54 am
