8 40% halves for 1 morgan ???? ADVISE

[huricanesrul]

so yes i m still excited. yesterday i found 46 rolls of 40% halves. and 10 loose. 930 halves !! i m going to sell 100 for $3 per......and i made a deal with a " we buy silver " place. so they buy morgans for $17 and 40% for $ 2 . if i trade 800 halves for 100 morgans.....they make $ 1000 more on scrap value...i save morgans from being melted......and can make a little more on the morgans as collector coins instead of scrap. what do you think..............that good deal no matter what i probably will hold onto the morgans and a 465 dollar investment for $300 cash and 5 rolls of morgans is great........and i know for a fact they melted a CC morgan last year......they only want silver......even if it s worth $1000 by itself........... 8 f0r 1 .......what do you think ?

 

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[Bigheed]

3$ is really low at current spot, I'd buy them from you for more than that

 

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[baddbluff]

You can get better than $3 ANYWHERE. Provident Metals or similar, Craig's List, even selling them on ebay after fees will get you more than that. Definitely shop around, or hold for a few weeks and see where the market goes like some have already suggested. I know you want to cash in on some of your sweet lottery win, but if I were you, I would fight off the temptation to do so.

 

[BuffaloBoy]

No!! I can go to my local dealer and get 92% melt value ($3.87) a piece. You're basically giving the dealer $11 in free silver for a trade to a morgan. Now that you have that mega score, don't let it burn a hole in your pocket too quickly.

 

[Diver_Down]

Buy a Charter Membership on TNet (monthly or yearly). Sell them in the classifieds ensuring the buyer "gifts" the payment via PayPal or add 3% to the final price. Flat-Rate the parcels and take your money to buy whatever form of silver that is the best deal for you.

 

[tanz 82]

SIT ON THEM

 

[Vergie]

I would sit on them. If (when) silver heads toward 50 or even 100 an oz, no one will care that they are 40%. Silver is silver. Unless you have so many that it's difficult to transport them, there's no reason to swap them out, especially at such a discounted rate.

 

[ArkieBassMan]

so yes i m still excited. yesterday i found 46 rolls of 40% halves. and 10 loose. 930 halves !! i m going to sell 100 for $3 per......and i made a deal with a " we buy silver " place. so they buy morgans for $17 and 40% for $ 2 . if i trade 800 halves for 100 morgans.....they make $ 1000 more on scrap value...i save morgans from being melted......and can make a little more on the morgans as collector coins instead of scrap. what do you think..............that good deal no matter what i probably will hold onto the morgans and a 465 dollar investment for $300 cash and 5 rolls of morgans is great........and i know for a fact they melted a CC morgan last year......they only want silver......even if it s worth $1000 by itself........... 8 f0r 1 .......what do you think ?

As others have stated, you can get a better deal by selling your 40% to a collector (on eBay, Craigslist, this forum, etc) and buying the Morgans with the cash from that sale. You'll either save some money or end up with more Morgans for the same amount of 40%ers. However, that will take some time and some effort on your part. It would be much more simple to just trade them for what you want, even though this convenience will cost you a bit of money you could save otherwise. The coins are yours to do with as you please. If you're satisfied with the trade, then its a good trade.

 

[smitty58d]

If you wanted to sell 460 dollars face value right now to provident metals you would receive a check for $3,657 plus or minus due to the market. That's all I will say.

 

[jerseyben]

As others have stated, you can get a better deal by selling your 40% to a collector (on eBay, Craigslist, this forum, etc) and buying the Morgans with the cash from that sale. You'll either save some money or end up with more Morgans for the same amount of 40%ers. However, that will take some time and some effort on your part. It would be much more simple to just trade them for what you want, even though this convenience will cost you a bit of money you could save otherwise. The coins are yours to do with as you please. If you're satisfied with the trade, then its a good trade.

Please let me know if you find someone who wants to trade 40% halves for Morgans without some sort of premium...

I wonder if anyone claiming that "40% halves are still silver" have actually ever tried to sell any of them (not online).

 

[fistfulladirt]

I would sit on them. If (when) silver heads toward 50 or even 100 an oz, no one will care that they are 40%. Silver is silver. Unless you have so many that it's difficult to transport them, there's no reason to swap them out, especially at such a discounted rate.

Interesting that back in '79-'80 and $50 silver they threw 'em back, not much demand (Hunts).

 

[jerseyben]

Interesting that back in '79-'80 and $50 silver they threw 'em back, not much demand (Hunts).

Yes, there are a lot of fairy tales and feel-good posts going on in this thread.

People seem to forget that 40% halves are typically traded with a "negative" premium while Morgans ALWAYS trade with a decent premium.

 

[Roadquest]

so yes i m still excited. yesterday i found 46 rolls of 40% halves. and 10 loose. 930 halves !! i m going to sell 100 for $3 per......and i made a deal with a " we buy silver " place. so they buy morgans for $17 and 40% for $ 2 . if i trade 800 halves for 100 morgans.....they make $ 1000 more on scrap value...i save morgans from being melted......and can make a little more on the morgans as collector coins instead of scrap. what do you think..............that good deal no matter what i probably will hold onto the morgans and a 465 dollar investment for $300 cash and 5 rolls of morgans is great........and i know for a fact they melted a CC morgan last year......they only want silver......even if it s worth $1000 by itself........... 8 f0r 1 .......what do you think ?

If they are melting coins they know are valued at $1000, for the silver content. That may be something to think about.

 

[Vergie]

We don't know what the future holds. Demand for silver could absolutely change the way 40% are perceived.

Just my 2 cents

 

[RedRockGirl]

I'd take the entire lot at $2 each. Holy cow they are ripping you off. Even at the beat down silver prices, a 40% is worth 4.26 melt based on silver price this second.
Don't sell yourself short, or if you are going to, PM and sell to me.

 

[Owassokie]

Vergie makes a great point. In my opinion, when silver goes north of $50 per, The silver value will so exceed any numismatic value that the premiums for morgans and the discount for 40%ers will practically disappear. No one really knows the exact price point or time frame, but at the point that people start melting silver again, it won't matter.

For investment purposes, I say Morgans are a good investment but 40%ers are a good buy right now. Take advantage of the discount/premium we have right now. For the OP, sell what you must but don't do it for $3. Hold the rest.

OO

 

[Owassokie]

Oh, and if you must sell at $3, please sell to me. I'll take all you have at that price.

OO

 

[Wilmingtonsilver]

Oh, and if you must sell at $3, please sell to me. I'll take all you have at that price.

OO

Ditto for me.

 

[Treasure_Hunter]

Buy a Charter Membership on TNet (monthly or yearly). Sell them in the classifieds ensuring the buyer "gifts" the payment via PayPal or add 3% to the final price. Flat-Rate the parcels and take your money to buy whatever form of silver that is the best deal for you.

The only problem with gifting is it isn't covered by PayPal protection like an auction or item buy is....

 

[bigmike0377]

I would have laughed at the guy for offering me $2 a piece for my 40%ers. I have only sold a handful but I get $4-$4.25 a piece from my coin dealer.

 

[Sirreckless619]

Save them! No need to sell now, especially with silver dropping. Unless you really need the cash, just wait it out.