Nice 40% Silver Box

[blueberra]

This week's half dollar box began with a 1967 ender and finished with a total of 23 silver coins -- all 40%.

I had a similar box a few years back with 26 silvers that were also just 40%.

Halves : Why I Hunt Halves

After a long skunk and near-skunk stretch with (Loomis) half-dollar boxes, this week's box was finally a good one. Bad news : no 90% silver Good news : 26 40% silver (8 '66, 6 '67, 10 '68D, 2 '69D) That's the most silver coins I've found so far in a box. It's the 40% silver dynamic that...

www.treasurenet.com

I'd be willing to bet that whoever dumped those halves was blissfully ignorant of their silver content.

 

[Trezurehunter]

Very nice !

 

[djackson7348]

I'm going to have to try CRH. You never lose your initial investment and there is always a chance for some spectacular finds! There aren't many other things in life with that good of a guarantee.

 

[UnderMiner]

Silver is really high right now, 40% halves are worth almost as much as 90% halves were just a year ago, so this is quite the massive score, congrats.

 

[blueberra]

Silver is really high right now, 40% halves are worth almost as much as 90% halves were just a year ago, so this is quite the massive score, congrats.

Have you (or anyone else in this forum) sold any 40% or 90% silver recently?

A teller at my bank had a few silver coins and she was surprised when I told her to go to the pawn shop down the street and sell them. I told her I thought she could get $6 or $7 each for the 1964 Kennedys and $3 or so for the 40% ones.

Is that about right?

 

[pepperj]

Have you (or anyone else in this forum) sold any 40% or 90% silver recently?

A teller at my bank had a few silver coins and she was surprised when I told her to go to the pawn shop down the street and sell them. I told her I thought she could get $6 or $7 each for the 1964 Kennedys and $3 or so for the 40% ones.

Is that about right?

Here are today's prices

 

[blueberra]

Here are today's prices

View attachment 2219654View attachment 2219655View attachment 2219656View attachment 2219657

I know how much silver is in each coin and what the spot silver price is. My question is how much are coin dealers / pawn shops BUYING 90% and 40% silver halves for. Every step along the way, dealers, middle men, and smelters have to make a profit.

 

[pepperj]

I know how much silver is in each coin and what the spot silver price is. My question is how much are coin dealers / pawn shops BUYING 90% and 40% silver halves for. Every step along the way, dealers, middle men, and smelters have to make a profit.

There's a difference between those 2 also.
A PM dealer will have a closer margin.
In Toronto all the dealers go to the same smelter.
So the pawn shops are a bigger margin.
Some dealers will deal with places like KITCO.
10 points is the usually the spread.

Here is a reply back from my question on %.

On silver or gold Canadian Maples they are buying for right around spot price.
On scrap or pre-1966 Canadian coins it is around 5% under spot.
On any recognizable silver or gold bars they pay spot price.
There is about a $5.00-6.00 premium over spot price on silver Maples to purchase retail.
This is a rate from a coin dealer on the west coast of BC.

 

[Johnnybravo300]

My wife and I were at a souvenir shop and a girl came in with 4 rolls of 64 Kennedys.
She said her grandpa left her those quarters and she wanted a $37 wind chime and wanted to know if she could pay with the quarters.
So she paid almost $900 for a $37 wind chime that he probably paid $5 for haha.
I thought I was on a hidden camera or something but it was for real.

 

[CJ9]

Great finds, and halves are hard to come by these days. Congratulations.

 

[Coinstar magnet]

This week's half dollar box began with a 1967 ender and finished with a total of 23 silver coins -- all 40%.

I had a similar box a few years back with 26 silvers that were also just 40%.

Halves : Why I Hunt Halves

After a long skunk and near-skunk stretch with (Loomis) half-dollar boxes, this week's box was finally a good one. Bad news : no 90% silver Good news : 26 40% silver (8 '66, 6 '67, 10 '68D, 2 '69D) That's the most silver coins I've found so far in a box. It's the 40% silver dynamic that...

www.treasurenet.com

I'd be willing to bet that whoever dumped those halves was blissfully ignorant of their silver content.

I think I'm going to try for a box of half dollars...but I've run into issues when trying to get the bank to order them...v