Traded some 40% halfs would you have done this?

[cleeent]

Ended up trading some 40% halfs for some Morgan's and peace dollars. Traded 6-40% for each dollar. All are full dates, all have mint marks etc. I feel pretty good about the deal. What's the general consensus on this deal?

 

[ArkieBassMan]

As with any deal, if you're happy, then it was a good deal...regardless of what was swapped.

In essence, you paid ~115% of melt for some silver dollars. That doesn't seem outrageous at all to me. I'd probably swap a few at that price myself.

 

[OnARoll]

If you are in it for as much silver as you can get than its not such a good deal but if you like older coins that always carry a premium over melt value (most of the time) than you made the right choice..ITs really not a huge difference..look at the numbers below:

1 dollar morgan/peace = $16.76 in melt value and is 0.7734 troy ounces

6 40% halves = $19.23 melt value and is 0.8874 troy ounces

 

[Weaselbrott]

IMO, very good deal. I would magnet test prior to buying those, but I would do the same deal too.

 

[coinguy*matthew]

Considering the fact that if there was a silver shortage many refineries will prioritize 90%'ers because it costs more to refine 40%'ers.....

 

[theekman]

Id be happy with that deal

 

[cleeent]

Thanks guys. I was happy because Morgan's and peace dollars are my favorite but you usually pay a premium well over spot for them. I love paying .50 for the 40%ers but always prefer 90%. Old dollars are a premium in my book. Thanks for the input.

 

[cleeent]

By no means was this a "steal" but I bet very few people would turn down this trade. It's from a legit jewelry store so I wasn't worried about fake stuff.

 

[BuffaloBoy]

very good deal indeed, i;d go and get more if you can!

 

[Iamrussell]

Great deal IMO a Morgan or peace go for around $30 around here so in essence you got $5 for your 40%ers- wish I could find that deal I'd do it in a heartbeat

 

[cleeent]

Thanks guys. I'm able to buy these at around $19 each cash price. He's a good friend of mine and has a huge inventory. Always the "who you know" I know melt value is a bit off but Morgan's sell for a minimum of $28-30 on eBay. Works for me.

 

[mercury1]

Good buy you made. I would do it. I'd trade my ugliest 40's.

 

[44_Dimes]

Sounds like a good trade to me.

 

[cleeent]

A few of mine had holes. All in all a good trade

 

[fistfulladirt]

40's aren't my fav cause they're dirty. I would have done the same, good job.