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 Replies: 11 / Views: 1,073 |
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Pillar of the Community
United States
2254 Posts |
I have inherited the following, and at a loss of what to do with them: 62 halves 373 quarters 394 dimes 210 nickels All is pre 1964 silver. I would say that 75% are at or below VG, so I honestly think the value would be based more on the silver weight than the coin face value. I have yet to dig through everything and examine each closely to find the "oddballs", but the first thing that I need to do is put an honest value on everything so that I can "buy out" the rest of my siblings. If the face value is about $370, what would be the silver value. Do I look up the weight total and compare it to the silver pricing somewhere. Any help would be appreciated. |
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Pillar Of The Community
3147 Posts |
Currently, in this area, silver is running around three and a half times face value which simply means a dime is about .35 value. The quarters and halves would be the same. Now the nickels will probably be spending money if they are Jefferson's unless they are War Nickels or 50D? Take the time to check the dates and mint marks as it could be worth your while. Good luck! |
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Member
United States
3242 Posts |
If you would post some of them we could give you a better view of prices and conditions and a ballpark figure of the value of the coins sorry for your loss  |
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Valued Member
United States
62 Posts |
quote:
Originally posted by crystalk64
Currently, in this area, silver is running around three and a half times face value which simply means a dime is about .35 value. The quarters and halves would be the same. Now the nickels will probably be spending money if they are Jefferson's unless they are War Nickels or 50D? Take the time to check the dates and mint marks as it could be worth your while. Good luck!
Are you sure about that rate? That's so hideously bad, if a dealer offered me that at this point, I would be done with said dealer. I would figure closer to 9X face for 90% silver, and 12X for silver nickels. |
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Moderator
 United States
23522 Posts |
Crystalk64 has you on the right road towards your first goal. After that, create a list of the dates and mintmarks you have for each coin. Yeah, I know it'll be a pretty big job.  Then, take a trip over to our Coin Facts page: http://www.coincommunity.com/coin_facts/You'll find all your coins listed, with mintages for each year and mint. The mintage of each will be a general indicator of its' relative rarity - the truly rare ones will have mintages at or under a half-million, although, for instance, the 1950D which bitters mentions is a value coin with a mintage of 2,000,000. You can expect those to have value over the number crystalk64 quoted. There are, of course, errors and such which might increase the value of some, but generally value is related to mintage. |
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Valued Member
United States
254 Posts |
You could calculate the approximate silver value for the halves, quarters, and dimes rather easily, using up-to-date silver prices. To account for loss due to wear, just weigh them all at the same time, convert to ounces, multiply by .9 (because they are 90% silver), then multiply that by the current value of silver (per ounce). To figure out what they *should* be if they were all new, find the weight of each coin (which you'll find probably in grams, so convert to ounces), multiply by how many coins of that type, then multiply by .9, and finally multiply by the current value of silver (per ounce). Add the values for each type. I'd do it for you, but I'm too comfortable on my couch to go get my calculator, and I hate using the one on my computer. Aren't I nice?  The nickels are a little trickier... the War Nickels (1942-1945, I believe) have some silver, but the rest don't. You might just try a general rule of thumb of 4-5 x face value for those. You could always buy out your siblings using some of these suggested methods, then if you end up coming across something of particular value, reimburse them a bit. Whatever you decide, post if you find something sweet! Regards, ~neuron |
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Pillar of the Community
United States
751 Posts |
Tights,
The nickels are not silver unless they were struck between 1942 (some P-mints and S) and 1945. While a few of the others have collector value in low grades, it would be appropriate to value these at face value.
As for the rest, the melt value is presently 9.2x face. A fair price from a dealer would be 80%-90% of that.
I think you made a mistake in calculating face value. I get $163.65 neglecting the nickels. Multiply by 9.266 yields a silver melt value of $1516.38. Multiply by 80% and I get $1213. This is the value I would use in buying out my siblings. Subsequently, if you find a truly valuable gem among the junk silver, it would be appropriate to let your siblings know and offer them additional compensation.
Edited by texasmick
12/17/2006 10:55 am
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Pillar of the Community
United States
7123 Posts |
Buy the coins outright from the rest ,, weigh the silver coins and pay spot less 10% pay face value for the clad and exclude yourself from the split.
to a non collector the coins are silver and mean little to nothing else.
There is no way you want to get wound up with splitting any added value for any variety or key coin you may find 6 months down the road.
That is a receipt for disaster in most cases.
been there done that !!!!
Rick
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Pillar of the Community
United States
954 Posts |
I don't remember who I got this from, but it sure is easy. The silver value is right there on the page, just plug it into the "spot price" and hit calculate. Couldn't be easier. http://www.wescottfamily.net/silverus.htmlEdited by Becky
12/17/2006 12:35 pm
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Pillar of the Community
United States
954 Posts |
BTW, crystalk64, do you happen to have any silver for sale?  |
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Pillar of the Community
 United States
2254 Posts |
Thanks all. Yes I did my math wrong. ~$170, not $370. Regardless, thank you all for the replies. of course this does not include about 1000 Wheaties, plus some decent currency that I posted a while ago which includes a large 1914 $50 in very fine condition, and multiple other large and small reserve notes and bank notes. I think with the silver prices stated in this post from you folks and the pricing on the currency, everything would probably total about $2k +/- $200. Again, thanks all, and once I get everything sorted through I will post some pics if I find something cool.
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Valued Member
United States
288 Posts |
90 percent silver coins at about 14.00 dollars an ounce. Easy math. Latest motel dealers in Tampa talking 8 times face. I assume that to be for low grade coins. Look for and pull any and all high grade silvers, major errors, and major varieties out of the bunch. Yag the rest. I used to get 5 times face when silver was around 5.00. Go figure. Coins have some nuimistmatic value and they are real deal silver. If you do sell, consider trading out for one or two really rare coins. Believe it or not, they still exist. Kinda funny tho how far the spread is now. Wonder why? G.L....Gusp
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Replies: 11 / Views: 1,073 |
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Posted 12/17/2006 09:38 am
