What is a fair trade for a 90% silver proof?

[65gt350]

I have a person who wants an impaired 90% silver proof (2001) that I picked up. I am trying to figure out a good exchange rate for the coin and figure I would ask other collectors what they would trade for it. I am not asking for offers but I just want to get a feel for what other collectors would trade for it.

Thanks,
65GT350

 

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[thurmownator]

I thought the post '91 silver proofs (as well as '76) are only 40% silver.

 

[65gt350]

I thought the post '91 silver proofs (as well as '76) are only 40% silver.

No, they are 90%. That is why I am trying to come up with a trade value. I don't think an even exchange 90 for 90 is fair so that is why I am trying to get more opinions on a fair trade.

Thanks,
65GT350

 

[mm12000]

I'd say either 2 90's if they are a good friend/trader, or 2 90's and 1 40. Seems pretty fair to me...

 

[fiatboy]

For impaired? I'm gonna lowball it and say one 90% and one 40%. Just a shot in the dark, though.

 

[65gt350]

For impaired? I'm gonna lowball it and say one 90% and one 40%. Just a shot in the dark, though.

Yes it is impaired. It only had a mintage of 850,000. That is less than 1/2 the mintage of the 70-D.

Thanks,
65GT350

 

[Old Dog]

A 2001 S proof 50cent should start about 10.00
Any of the quarters will start at 8.00
Dime will start at 2.00

Gray sheet listings (old copy) Feb 07

Prices go up from there depending on grade.

OD

 

[thurmownator]

I thought the post '91 silver proofs (as well as '76) are only 40% silver.

No, they are 90%. That is why I am trying to come up with a trade value. I don't think an even exchange 90 for 90 is fair so that is why I am trying to get more opinions on a fair trade.

Thanks,
65GT350

According to coinfacts.com the make-up of '95 silver proof (or example) is:

Metal Content:
Outer layers - ±80% Silver, ±20% Copper
Center - ±79% Copper, ±21% Silver


That's the same as a '67 (for example) or 40% silver.

Can you explain ?

 

[AgCollector]

I thought the post '91 silver proofs (as well as '76) are only 40% silver.

No, they are 90%. That is why I am trying to come up with a trade value. I don't think an even exchange 90 for 90 is fair so that is why I am trying to get more opinions on a fair trade.

Thanks,
65GT350

According to coinfacts.com the make-up of '95 silver proof (or example) is:

Metal Content:
Outer layers - ±80% Silver, ±20% Copper
Center - ±79% Copper, ±21% Silver


That's the same as a '67 (for example) or 40% silver.

Can you explain ?

Interesting! The Red Book says at the beginning of the 1977-present section, "Silver Proofs are of pre- 1965 standards", i.e. 90%. I would trust the red book over coinfacts, but it's surprising that one of them is wrong.

 

[Old Dog]

Beginning in 1992 the US Mint started making limited editions of proof sets in both clad (Copper Nickel) and 90% silver.
If what you have is a silver proof I gave you the correct values.

In other words there are two sets of proof coins for each year starting with 1992
each type will have a different value.

Old Dog

 

[65gt350]

Beginning in 1992 the US Mint started making limited editions of proof sets in both clad (Copper Nickel) and 90% silver.
If what you have is a silver proof I gave you the correct values.

In other words there are two sets of proof coins for each year starting with 1992
each type will have a different value.

Old Dog

Yes, I am talking about the silver proof. Was your price the Greysheet bid for a PR65? or did you already reduce it for it being impaired?

Thanks,
65GT350

 

[Old Dog]

Those prices are for Pr-63

If the one you have is proof 65 it could be as much as 15 to 20% more.

Grade and condition are everything.

OD

 

[65gt350]

Thank you for all the input. I ended up exchanging 2 silver proofs for 3 90%.

65GT350

 

[fiatboy]

You got a good deal.

Neither coinfacts nor redbook is wrong. The coinfacts percentages are correct, but remember that the layers are not proportionate in mass. As an example: think about it in terms of silver plating. The outer layer may be up to 99% silver, yet by mass, it is less than 1% of the coin's total metal.

 

[thurmownator]

You got a good deal.

Neither coinfacts nor redbook is wrong. The coinfacts percentages are correct, but remember that the layers are not proportionate in mass. As an example: think about it in terms of silver plating. The outer layer may be up to 99% silver, yet by mass, it is less than 1% of the coin's total metal.

So you're saying that the '92 and up silver proofs are each 90% silver ? Sweet ! So the '04 I CRHed a week or so ago is a better find than first thought.

What of the silver 76 proofs ? 40% or 90% ?

 

[65gt350]

I think coinfacts is wrong. It looks like they are giving the composition for the 40% coins. A 90% coin is the same composition through out. As far as the 76-S silver halves they are 40%.

65GT350

 

[Old Dog]

The proofs in 1976 were of two compositions also
All 40% coins are clad .
There was also a copper nickel clad proof.

Am I misunderstanding something?
In your initial letter there is no picture to refer to,
I was understanding that this was a 2001 S silver proof.

A 1976 40% silver clad proof is a horse of a different color.
In PR 65 is worth 5.00.
76 Cn clad proof sells for 2.00... No Silver
2001 silver proof sells for about 10.00- 15.00
2001 Cn clad proof sells for about 8.00 - 10.00 ...No Silver

OD

 

[fiatboy]

Now I'm really confused.

 

[fiatboy]

A 90% coin is the same composition through out.

I think you're right, 65gt.