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re: Anybody Buy Gold and Silver?
Posted on 1/20/14 at 11:20 pm to I Love Bama
Posted on 1/20/14 at 11:20 pm to I Love Bama
quote:
I honestly have no idea why someone would buy that. Hence the question....
Junk silver coins are those minted before 1965. They are in such shape as to have no value to collectors, but are 90 percent silver so some people buy them for their metal content. They rule of thumb is that you can sell the coins for 14 times their face value and buy them for 16 times their face value.
I bought 10 rolls of quarters and 10 rolls of dimes. There could be one or two that a collector would want, but I'm not planning and researching the value of 900 coins.
This post was edited on 1/20/14 at 11:25 pm
2
Posted on 1/20/14 at 11:26 pm to RhodeIslandRed
quote:Wasn't that when silver was selling for $30/oz?
They rule of thumb is that you can sell the coins for 14 times their face value and buy them for 16 times their value.
If you know that much about silver, then I don't understand why you would ask on a message board if you made a wise purchase?
Posted on 1/21/14 at 10:05 am to RhodeIslandRed
quote:
RhodeIslandRed
quote:
I bought 10 rolls of quarters and 10 rolls of dimes. There could be one or two that a collector would want, but I'm not planning and researching the value of 900 coins
10 rolls of dimes at spot price of 19.82 (current) is worth $716.90.
10 rolls of quarters at spot price of 19.82 (current) is worth $1433.80
Your coins have a silver value of $2150.70 and you said you paid $2209.90. Thats approx a 3% premium. Thats a good deal in my book.
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