Bins Full of silver dimes. What should i pay?
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Thread: Bins Full of silver dimes. What should i pay?

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  1. #1
    us
    Oct 2015
    NC
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    Bins Full of silver dimes. What should i pay?

    Quick Question...I will be sifting thru two bins of Mercury dimes tomorrow or Monday. The person is asking 2.10 per dime. Is that a fair price? I can take them all or cherry pick.
    jeff of pa and Johnnybravo300 like this.
    Dig till you drop!

  2. #2

    Dec 2003
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    Quote Originally Posted by Ammoman View Post
    Quick Question...I will be sifting thru two bins of Mercury dimes tomorrow or Monday. The person is asking 2.10 per dime. Is that a fair price? I can take them all or cherry pick.
    You Decide. Right now Total silver value is $1.91.



    https://www.coinflation.com/coins/si...alculator.html


    Last edited by jeff of pa; Apr 28, 2021 at 08:05 PM.
    Ammoman likes this.

  3. #3
    us
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    Awesome site thank you so much! I book marked it.

    If i cherry pick it may be a pretty good deal
    Dig till you drop!

  4. #4

    Sep 2012
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    Quote Originally Posted by Ammoman View Post
    Quick Question...I will be sifting thru two bins of Mercury dimes tomorrow or Monday. The person is asking 2.10 per dime. Is that a fair price? I can take them all or cherry pick.
    Retail for junk silver right now is 23-26x face value. So, 21x is a discount. If they are common, circulated mercs, they are junk silver even though some sellers ask a premium.

    Personally, I think right now is a bad time to buy physical metals. Supply is tight and the pandemic has driven up demand for the feel good aspect of holding physical metals. But, if you are determined to buy, this deal is probably as good as you can expect (other than getting it for face value - which is what ppl on this sub-forum prefer -or- digging it for nothing - which you could probably appreciate).

  5. #5

    Dec 2006
    Twin Cities, MN
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    Ultimately, it really depends on what you intend to do with them.
    * If looking to flip them for profit, buy only the ones that you can make money on.
    * If buying for your personal collection, buy whatever makes sense for your collection as the price is approximately what mercury dimes seem to sell for on ebay right now in small lots.
    * If buying just to acquire silver, you would be paying above melt so this may not be the deal for you.

    Regardless of your reason, I would pick out any with significant numismatic value above silver value whether that is due to better dates or better condition.
    Ammoman likes this.

  6. #6

    Dec 2003
    Western Schuylkill County, Pa.
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    Silver Prices Forecast to Rise Further in 2021 as SLV Investing and Solar Demand Grow

    https://www.bullionvault.com/gold-ne...rice-042620211
    Ammoman likes this.

  7. #7

    Dec 2003
    Western Schuylkill County, Pa.
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    Just Remember Sellers say Prices will Soar ! Buy Now !
    Buyers say, Prices will Drop, Better Sell Now !
    so it's always a
    gamble



    coinflation.com


    https://www.coinflation.com/
    Last edited by jeff of pa; Apr 28, 2021 at 08:04 PM.
    gordon and tanner and Ammoman like this.

  8. #8
    us
    Apr 2020
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    What they are asking is fair all things considered. If you bought the lot or a few hundred then they should give a discount. Most dealers try to buy 15 percent below spot so they have margin to resell.
    Ammoman likes this.

  9. #9
    Charter Member
    us
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    My favorite online vendor that usually beats my LCS is asking over 26x face in minimums of $500 face bags for circ mercs, so... 21x face right now is a swell deal.
    Ammoman likes this.

  10. #10

    May 2006
    CO, AZ
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    I'm buying right now. So I'm looking at prices. I see 23X most often. I get a few people willing to go lower. I am buying at 20X, which is over spot, but most people refuse to sell there.

    21X for Mercs is a good deal if you are buying anyway. I doubt you find them cheaper.

  11. #11
    us
    Dec 2006
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    On 28 April, silver was about $26.2/oz. That means a dime, with 0.0723 (Troy) ounces of silver in it, would be worth $1.89.

    2.10 a piece is on the high side. It’s over 11% above melt value. In other words, not a good deal. IMHO
    Last edited by thurmownator; Jun 01, 2021 at 03:43 PM.
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  12. #12
    us
    Jan 2016
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    Doesnt matter what spot is, you wont get physical for that anywhere. Spot is paper price and physical is much higher. Two different things.

    $2.10 for Mercs is a good deal these days in my opinion.
    You sure wont find silver dollars for $21 that's for sure.
    I just got 25 Morgans and had to pay $23 each

  13. #13
    us
    Jan 2016
    South of Gunnison, Gold Basin
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    I just realized that was an old post haha.

    Paying $2.10 would have turned out a fine deal.
    It goes to show not to listen to everyone.

 

 

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