Should I???

[rwb83]

Got a coin dealer who iswilling to buy my 40%'ers at 2.75 each and then give me that amount in trade towards 90% silvers. Is this a good idea and what do you think is a fair amount to pay per 90%'er keeping in mind this is a coin shop and the guy seems pretty fair. The other shop in town was only offering 2.25 per coin.

Or should I just hold onto the 40's and wait?

Any help or ideas would be appreciated.

Thanks.

 

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[never2late]

Well my advice to you would be to find a new coin dealer. Down here in texas I have a dealer who is willing to pay $8.20 per dollar face on 40% which is $4.10 per. So I would definently do some shopping around at $2.75 thats robbery. Heck if you knew someone down here it might even b a better idea for you to ship them down here to sell them off.

HH jacob

 

[ramjet2187]

As stated above, you're being robbed at those prices. Hold on to them unless you're in dire need of money. They don't eat, so there's no expense related to keeping them.

As a matter of fact, you might shop them around on this site..............or not.

 

[Diggin-N-Dumps]

I know some people on here HATE dealing with Ebay...But...I just sold 7 of them yesterday for 25.55 + 5 shipping .. they took 2.21 in ebay/paypal fees...shipping was 2 bucks..

So for the "hassle" of going to the post office right beside my work..I made out with 3.76 a piece.

 

[coolpix9]

Sounds like you would be kissing your sister. He is willing to low ball you on your 40%ers and then trade you for 90s at full tilt boogie. Now you know how he keeps the lights on at his shop. If you trade, get him to be more even or closer to reality. You can lose on one end(since you paid 50 cents for each coin) but don't turn around and pay his commission again. Good Luck, let your feet do the talking. Jim

 

[clovis97]

My friend had a few that he sold yesterday with dimes and quarters, and got 3.50 each for the 40%'s....and even though he did really well on the whole lot, I thought the dealer skinned him on the 40%'s.

At our local flea market, someone had 10 or so 40%'s, all marked 5.50 each, and they recently sold.

Since they aren't eating anything, I'd hold onto them.

 

[apush]

Not a fair price. At least $4.00 per 40% and $10.04 per 90%.

That is what I was quoted yesterday.

apush

 

[packerbacker]

My local dealer gave me $4.00 each for 40%ers and that was a while back. Would probably get more at today's prices. Either find another buyer or hold onto them. $2.75 is WAAAAAAAAAAAAY low!!

 

[AGninja]

Hell id buy your halves at that price. anyone would be a fool not to.
http://www.coinflation.com/silver_coin_values.html

Use this link for a quick guide on how much your coins are worth on any given day. it calculates daily spot prices into the mix to give you the most up to date melt value for your coins.

IMO anything less than 90% value of this is you getting ripped off. Hes just going to turn around and sell it for 22x face value.

 

[CHAINCHOMP]

NOOOO! dont sell! at least $4.00 per coin like apush said! keep it up and hh!

 

[MentalUnrest]

Consensus here on this forum seems anti eBay, but I just checked completed listings on 40% and they are selling between $4.00 and $4.25. As of today, the melt value is $4.53. Sure you will lose a couple dollars on fees depending on how many you are listing, but that is way better what the coin dealer offered you. I have sold on eBay for years and if you print your own labels, you don't even have to drive to PO - They will pick it up.

 

[ArkieBassMan]

Got a coin dealer who iswilling to buy my 40%'ers at 2.75 each and then give me that amount in trade towards 90% silvers. Is this a good idea and what do you think is a fair amount to pay per 90%'er keeping in mind this is a coin shop and the guy seems pretty fair. The other shop in town was only offering 2.25 per coin.

Or should I just hold onto the 40's and wait?

Any help or ideas would be appreciated.

Thanks.

Sounds like you're in a similar situation as me. Because you only have 2 coin shops to choose from, they really have no competition and can pay whatever they want. I only have 1 local coin shop. I haven't been in there lately, but I know he was only paying 4x-5x face value for 90% when silver was $17-$18/oz.

Ebay might well be your best route. Even after fees, you should be able to get close to $4 each for your 40%ers. Even better, if there is a coin show near you anytime soon, you should easily be able to find a dealer at a show that would pay $4 each, or even a little more. Or at least give you that much in "trade" toward 90%.

Bottom line though is this: they're your coins. Do as you wish. Even though you can probably get a better deal elsewhere, its going to be a bit of a "hassle." If you go the eBay route, you have to wait for the auction to end, pack the coins, drive to the post office, etc. If you go to a coin show, you'll have travel expenses. At $3+ a gallon, it doesn't take much gasoline to eat away your "profit." Only you can decide what is best for you. Good luck!

 

[coinmojo]

You can sell to KITCO today no matter where you live, for $80.20 a roll based on the current price of $30.70 an ounce.

Mojo

 

[santafeboy]

Got a coin dealer who iswilling to buy my 40%'ers at 2.75 each and then give me that amount in trade towards 90% silvers. Is this a good idea and what do you think is a fair amount to pay per 90%'er keeping in mind this is a coin shop and the guy seems pretty fair. The other shop in town was only offering 2.25 per coin.

Or should I just hold onto the 40's and wait?

Any help or ideas would be appreciated.

Thanks.

I would tell him Ill take $2.75 each for my 40%s if he sells you the 90%ers for $5.50 otherwise hes cheating you

 

[Kantuckkeean]

I wouldn't. $2.75 is an insult.

 

[engine 823]

Stop!!!! I just sold some for $4.25 per coin at apmex.

 

[Joe Hoo?]

HaPpY NeW YeArS! HH

 

[quiksilver]

At that price i would buy them from you.