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Silver Coins
Posted on 3/1/11 at 7:31 pm
Posted on 3/1/11 at 7:31 pm
I have a lot of Silver Coins that I received when my grandfather passed away. I was wondering if it's a good time to sell. I'm going to Houston next week to look for someone to appraise the coins. Is it better to sell them at melt value, or appraise each coin? Also, can you send me to a legit appraiser in Houston. Any help would be appreciated.
Posted on 3/1/11 at 7:50 pm to dneverever
what type of coins? and what condition are they in? old morgan dollars in good condition will get you much more than melt value. If they are in shitty condition you may be better off with melt value. Year/mint/condition matter
Posted on 3/1/11 at 7:53 pm to dneverever
just google every coin and put all the good ones on ebay
Posted on 3/1/11 at 8:00 pm to hedgediver
Mostly Mercury and Roosevelt dimes, Washington Quarters and Franklin and Kennedy Half Dollars. Some other coins mix in as well. Some are in good to great shape but also have a number of bad ones. About 50% of the coins were rolled and those are in the best shape. The rest was loose in a bag. They where in a safe for years. The problem that I have is that I have no clue about conditions and the volume of the coins. What looks good to me is bad to an appraiser.
I have roughly:
285 half dollars, half of them rolled
1650 quarters, 3/4 of them rolled
2000 dime, 1/4 rolled
They were probably weren't touch in the safe for probably 25 years or so.
I have roughly:
285 half dollars, half of them rolled
1650 quarters, 3/4 of them rolled
2000 dime, 1/4 rolled
They were probably weren't touch in the safe for probably 25 years or so.
Posted on 3/1/11 at 9:35 pm to dneverever
2000 dimes would be roughly 5k
1650 qtrs would be roughly 10k
285 Half Dollars would be 3.5k
This is melt value. Dimes and Qtrs typically are going to be worth more melted vs. collectibles.
If you do not need the money, I would put then back in the safe. If you need the cash...silver value is very high right now
1650 qtrs would be roughly 10k
285 Half Dollars would be 3.5k
This is melt value. Dimes and Qtrs typically are going to be worth more melted vs. collectibles.
If you do not need the money, I would put then back in the safe. If you need the cash...silver value is very high right now
Posted on 3/1/11 at 9:55 pm to BayouBengalinBama
Where would I go to melt them? I am going to Houston in the upcoming week.
Posted on 3/1/11 at 10:08 pm to dneverever
take the time to get a coin magazine (take a quick scan of the collection, you may have a few numastically valuable coins). Most of those coins are 90% silver. Half dollars and quarters are in especially high demand. You'll get much more selling them on e-bay. A dealer will be more convenient, but they usually always buy them under spot price.
Hell, I'd even buy some from you.
Hell, I'd even buy some from you.
This post was edited on 3/1/11 at 10:09 pm
Posted on 3/1/11 at 10:13 pm to dexy82
quote:
Where would I go to melt them? I am going to Houston in the upcoming week
yeah, don't worry about that,
silver coins still carry value, not just as silver, but as functioning currency.
With the size of that collection, you're talking easily over a thousand more in profit by selling them as is
Posted on 3/1/11 at 10:19 pm to dexy82
Not only did my grandfather leave the coins to my family, but he also had several books of coins. These books of coins, each have a certain date, mint location, grade, etc. are mostly complete. There are about 15 types of books. They range from pennies to dollars starting around 1900 to 1970. The reason why I am telling you this is because I think these coins are the best of all of the coins and the rest he collected hoping silver prices will rise in the future. So eBay is a really good idea? I never really thought about that route.
Posted on 3/1/11 at 10:28 pm to dneverever
Well
Here's the thing.
If time or convenience is an issue then i'd recommend a reputable coin dealer. take just a little time to make sure it's a legit coin dealer. the price of silver right now is about 34.50 an ounce. go check out e-bay right now, type in franklin half dollars. I believe someone is selling a stack of twenty coins for 260.00 dollars plus. Go from there and do the math.
Ag enthusiasts think silver will conservatively hit 50 dollars an ounce by the end of the year which means your collection will only climb higher.
think of this. at the beginning of Jan 2010 silver was around 15 dollars an ounce, at the end of 2010/2011 now it is over 30..something to consider
Here's the thing.
If time or convenience is an issue then i'd recommend a reputable coin dealer. take just a little time to make sure it's a legit coin dealer. the price of silver right now is about 34.50 an ounce. go check out e-bay right now, type in franklin half dollars. I believe someone is selling a stack of twenty coins for 260.00 dollars plus. Go from there and do the math.
Ag enthusiasts think silver will conservatively hit 50 dollars an ounce by the end of the year which means your collection will only climb higher.
think of this. at the beginning of Jan 2010 silver was around 15 dollars an ounce, at the end of 2010/2011 now it is over 30..something to consider
Posted on 3/1/11 at 10:30 pm to dexy82
(no message)
This post was edited on 3/1/11 at 10:31 pm
Posted on 3/1/11 at 10:36 pm to dexy82
Time is not an issue and I can wait. I just would like to know what I have and what are my options. I might buy a coin reference book and look up each coin this weekend. I figure silver prices will still climb in the near future so there is not point in selling them. I will definitely check out eBay. Thanks for your help.
Posted on 3/1/11 at 10:41 pm to dneverever
If you want the most then go to dealer and tell them you want 90% "gray" sheet value. Gray sheet price is the price that dealers sell to each other and amount changes weekly. amount reflects most recent retail value. coins are almost always worth more than melt value. You teeling me you have that many rolled? If original rolls then you have a bunch of mint coins that are worth quite a bit,
Posted on 3/2/11 at 10:28 am to rtbtiger
Not original rolls, my grandfather use to have a lot of cash on hand back in the day and would go to city hall to buy the coins from the city's parking meters. There are some that look like they are the original rolls but not much.
Posted on 3/2/11 at 10:35 am to Zilla
Sad thing is that the day my grandfather died, his grandkids from my uncle were at his house with a blowtorch cutting the safe open and gave what was supposedly half of it's content to me.I have no clue what was truly in the safe.
Posted on 3/2/11 at 11:13 am to dneverever
The year on these coins if very important. Any coins pre 1967 (I think that's the year) are ~80% silver. After that point the amount of silver in the coin dropped dramatically.
Posted on 3/2/11 at 11:52 am to dneverever
quote:
all pre 1967
You're in great shape then...
Posted on 3/2/11 at 4:28 pm to dneverever
quote:
Sad thing is that the day my grandfather died, his grandkids from my uncle were at his house with a blowtorch cutting the safe open and gave what was supposedly half of it's content to me.I have no clue what was truly in the safe.
that ain't right at all .... you should beat em with that sack of loot
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