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  1. #1
    ca
    May 2008
    Windsor Ontario
    Whites DFX
    303

    Buying Junk silver

    Someone wants to sell me $110 face at 9x plus he has about 50 silver dollars for the same price,9x.Just looking for a little input.Is this too much to pay or should I just go for it?What would you guys do?


    HH

    Greg

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  3. #2

    Feb 2007
    The Lone Star State
    ace 250/ Minelab SE Pro
    639
    11 times

    Re: Buying Junk silver

    I would be all over the Silver dollars if they were U.S. Spot right now alone is $12 for them without the usual premiums. Check this site out. It will tell you what current price is.
    http://www.coinflation.com
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  4. #3
    Charter Member
    us
    Dec 2006
    Left Coast
    XLT & Bigfoot
    2,736
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    Re: Buying Junk silver

    Quote Originally Posted by greg23
    Is this too much to pay or should I just go for it?What would you guys do?
    It is a bit more than I normally pay but if you have the cash go for it.
    Your price is $1440
    Today's silver value is $1948.68
    If you send it to a refinery you would get about $1754

    I would try to sell as coins and melt the rest.

    Good luck!
    at yard sales I am dollardan
    on ebay I am the-howto-guy

  5. #4
    us
    donadagohvi

    Sep 2008
    Fresno, CA.
    (Whites) MXT, MXT PRO, SURF PRO/PI and COINMASTER 5500/D also a (Fisher) GOLDBUG.
    1,382
    14 times
    All Types Of Treasure Hunting

    Re: Buying Junk silver

    Just a follow-up on the U.S. coin silver info:


    PapaDawa

    ETA 20-25 days (+5 Non-US orders)
    Silver prices are in USD$ updated every 60 seconds
    Shipping policies are here
    $1000 face (Full bag) $14441.38 TEMP OUT
    $500 face (1/2 bag) $7271.18 TEMP OUT
    $250 face (1/4 bag) $3615.39 TEMP OUT
    $100 face (1/10 bag) $1454.24 TEMP OUT
    $10 face $161.31 TEMP OUT
    $10 face halves $179.43 TEMP OUT


    90% silver (junk silver) is the cheapest form of investment silver. The price is based solely upon the silver content of the coins. Fortunately, a given face value of any coin, whether a quarter or a dime, yields the same silver content. Because $100.00 face value in dimes contains the same silver content, 71.5 troy ounces, as $100.00 face value of half dollars or $100 face value of quarters, the calculation is the same for all denominations.

    U.S. coins minted prior to 1964 were composed of 90% silver and 10% copper. The main reason they are known as survival coins is the fact that they are legal tender coins. Also, because people remember when they circulated as money, they have the advantage of being easily recognized as money. If the need arises to use these coins in everyday transactions, Americans will feel comfortable accepting them as payment for goods and services. Additionally, because they are denominated in convenient amounts, they will work well in trade.

    A full bag contains $1,000 face value of dimes, quarters or half dollars. A bag of dimes contains 10,000 coins; a bag of quarters 4,000 coins; and a bag of half-dollars 2,000 coins. When minted, a $1,000 face value bag contains 723.4 ounces of silver. Due to wear, however, a bag of circulated coins yields approximately 715 troy ounces; therefore, to calculate a price, multiply the weight (715 troy oz.) by the spot price of silver. Different dealers use slightly different constants for this calculation. For example, thesilverXchange uses "715" as the constant whereas other dealers may use "712" or even "700".
    A full bag is $1000.00 in face value and contains approx. 715.0 troy ounces of pure silver.
    A half bag is $500.00 in face value and contains approx. 362.50 troy ounces of pure silver.
    A 1/4 bag is $250.00 in face value and contains approx. 178.8 troy ounces of pure silver.
    A 1/10 bag is $100.00 in face value and contains approx. 71.5 troy ounces of pure silver.
    For a roll of dimes, the face value is $5.00 and the silver content is 3.50 troy ounces.
    For a roll of quarters, the face value is $10.00 and the silver content is 7.00 troy ounces.
    For a roll of half-dollars, the face value is $10.00 and the silver content is 7.00 troy ounces.

    One additional consideration is important. Half dollars are generally more in demand than quarters or dimes so they carry a premium on their price. Also, the older half dollars, such as Barbers and Walking Libertys, carry a premium over their newer counterparts. the Franklins and the Kennedys. Among quarters and dimes, the same preferences apply between oldest and newest.

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    One from the other.
    Amen!

  6. #5
    us
    Ace250man

    Jul 2004
    Shelbyville or any yard where the owner will let me detect!
    ace 250
    19,944
    54 times
    Metal Detecting
    Banner Finds (1)

    Re: Buying Junk silver

    not bad, but try talking them down a bit.
    ALLEN

  7. #6
    us
    Jun 2008
    Sausalito Blvd Sausalito CA 94965
    605

    Re: Buying Junk silver

    At that time, I would've bought all he had at 9x Face

 

 

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