Buying silver coins

[S.S.Tupperware]

Hi all, I am talking to some people about buying their silver coins for 10 times face value regardless of age or condition, is this a fair price for both parties involved? I would love to find some but here I doubt there are many to be found, and I am mainly just wanting to hoard some silver since gold is out of my price range. Thanks

 

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[Mackaydon]

I did the math (correctly, I hope) and used 90% dimes and silver at $17 per oz. as an example. Ten dimes would contain 0.7234 oz. of silver, valued at $12.30; or $1.23 per dime--and your offer would be $1.00 per dime; or 81.3% of the spot price of silver.
Do I have the math right? If so, I'll be interested to read the opinion of others regarding your offer versus, perhaps, what 'the market' is currently paying.
Don.....

 

[mainer]

I think if you can buy them for that price snatch them up, I know I would. Cause 10 times face for a half dollar would be $5.00. And right now melt value for a 90% silver half is $6.03. So I think you would be getting the better deal compared to the seller. So Don's math is correct. Good luck hope you can snatch some up for that price.

Mainer

 

[LemonThrower]

I am buying at 10.5X now and 15X for morgans and peace.

 

[mark v]

Hi all, I am talking to some people about buying their silver coins for 10 times face value regardless of age or condition, is this a fair price for both parties involved?

Yes this is a fair price.

 

[DigginThePast]

A good price is usually indicated when both parties walk away feeling satisfied with the deal but we also don't want to take advantage of our fellow man. That being said I think your offer is okay when dealing with 90% common coins in bulk lots. If one were to look at from a business perspective then you must leave some value on the table for profit, which you are doing.

Now if you get into older coins, semi-key or key dates, and dollar coins then I would say they need to be looked at from a numismatic perspective for both the buyer and seller.

 

[Tattooguy67]

Hey there S.S. Tupperware I have found this site to be helpful for finding values on silver and gold, just go to the coin calculators section at the top of the page and enter what type of coin you have and it will give you the silver value, no pesky math to worry about! hope this helps and HH!
http://www.coinflation.com/

Chuck.

 

[Mackaydon]

Excellent coin value site; thanks.
Don...

 

[fistfulladirt]

90% silver junk halves seem to always command a premium over dimes and quarters.
Using ebait as a guage, even tho spot price has fallen about 3 bucks in the last couple weeks, Kennedy halves and walkers are still selling at 13-14 X face. ffd

 

[Kauka]

good info, dirt