Buying Junk silver

[greg23]

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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[nyiangelo]

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

 

[cyberdan]

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!

 

[spitfire55]

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.

 

[allen]

not bad, but try talking them down a bit.

 

[Ju8vP3t]

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