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01-06-2009, 09:58 PM
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#1 (permalink)
| | Junior Member
Join Date: Jan 2009
Posts: 2
| Need help
I've looked all over the place and I haven't been able to find out how much this collection is worth. It's the "Our Greatest Americans" collection by Hamilton Mint. I have 50 bars all in mint condition. Here is a link to a auction that is selling a similar set. http://cgi.ebay.com/ws/eBayISAPI.dll...tab%3DWatching |
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01-06-2009, 10:18 PM
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#2 (permalink)
| | Registered Contrarian
Join Date: Dec 2005
Posts: 2,589
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Bullion value is $11.48 x 5 = $57.40 as of 5:15 p.m. EST today, so 50 bucks would be fair.
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01-06-2009, 10:31 PM
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#3 (permalink)
| | ANA# R3129541
Join Date: Sep 2007 Location: Long Island, New York
Posts: 7,416
My Mood: | Quote:
Originally Posted by hontonai Bullion value is $11.48 x 5 = $57.40 as of 5:15 p.m. EST today, so 50 bucks would be fair. | Agree.....
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01-06-2009, 11:47 PM
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#4 (permalink)
| | Junior Member
Join Date: Jan 2009
Posts: 2
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Isn't worth more since I have the entier series and the collection isn't in Circulation?
Last edited by ufo4sale; 01-06-2009 at 11:51 PM.
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01-07-2009, 04:05 AM
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#5 (permalink)
| | Coin Hoarder
Join Date: Jan 2008
Posts: 701
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ufo4sale,
The Hamilton Mint is a private company and by US law any coins the Hamilton mint produces cannot be used for general circulation. However, the coins can be treated as silver bullion and traded or bartered or sold as per their actual silver content. The more silver in the coin or bar the more its value.
The main problem with purchasing these kind of coins is you will probably pay much more than the actual bullion value and may have a very tough time recouping your costs.
jeankay
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01-07-2009, 04:21 AM
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#6 (permalink)
| | Expert Plunger Sniper
Join Date: Mar 2005 Location: United States
Posts: 7,394
My Mood: | Quote:
Originally Posted by jeankay ufo4sale,
The Hamilton Mint is a private company and by US law any coins the Hamilton mint produces cannot be used for general circulation. However, the coins can be treated as silver bullion and traded or bartered or sold as per their actual silver content. The more silver in the coin or bar the more its value.
The main problem with purchasing these kind of coins is you will probably pay much more than the actual bullion value and may have a very tough time recouping your costs.
jeankay | Jean is correct...basically, you are looking at bullion value at best. Also figure in the % the dealer is going to cahrge you fro him to process the bullion.
RickieB
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01-07-2009, 06:25 AM
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#7 (permalink)
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Join Date: Aug 2008 Location: TN
Posts: 352
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Unfortunately, the Hamilton mint is not part of the United States Mint. The bars are only worth their silver content... and have very little, if any numismatic value.
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01-07-2009, 09:30 AM
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#8 (permalink)
| | Member
Join Date: Aug 2007 Location: Hollywood, MD
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My Mood: | one other option
Hi: Everyone who has already posted did so from a numstatics perspective. I agree with what they say.
However, I am sure that there are people who have as their hobby collecting these type of silver bars or Americana types of items. Ebay is a good source, as you have indicated by your link to the one "Buy it now" link. You can search ebay closed autions to get an idea how much these are worth.
You may also want to look at various hobby/collectible reference books at your local library. They may be of some help.
Good luck,
G.E.
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01-07-2009, 05:59 PM
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#9 (permalink)
| | Numismatist
Join Date: Sep 2002
Posts: 5,098
| Quote: |
Isn't worth more since I have the entier series and the collection isn't in Circulation?
| The problem is that they are not coins so they do not appeal to coin collectors. As gewwodfo says the only people who would really be interested in these would be silver art bar collectors and there are very few of those. That means that on most series there are more of the bars available than there are collectors. When that happens values tend to fall down to the melt value of the bars.
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01-07-2009, 06:53 PM
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#10 (permalink)
| | Numismatist
Join Date: Jul 2005
Posts: 7,474
| Quote:
Originally Posted by ufo4sale Isn't worth more since I have the entier series and the collection isn't in Circulation? | Yes - if you have 50 bars then you have - according to hontonsi bullion value is $11.48 x 5 = $57.40 * 10 for a total of $574.00. You have 50 ounces if I read you original post correctly. And as mentioned check Ebay to see what complete sets sell for. It might be higher than bullion.
I agree with the others as far as numismatic value.
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