Buying silver junk coins.

Discussion in 'Bullion Investing' started by Pilkenton, Mar 26, 2010.

  1. Pilkenton

    Pilkenton almost uncirculated

    I buy my coins one or two at a time from ebay.

    What is the best denomination to buy?

    Seems to me buying quarters is the best. When a quarter averages $3.00 each, I can buy them for less than what they're worth.

    I can get dimes cheap, but i always end up paying more than their silver value. Halves i can buy cheap, but not for what they'e melt value is. I have never bought a silver dollar for less than melt price.

    Seems to me that quarters are the best investment.

    Any opinions?
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  3. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    If junk silver is your preferred silver investment, then whatever is cheaper in relation to melt value [including postage] is the best buy. Quarters are fine if the price is right.
  4. silvrluvr

    silvrluvr Senior Member

    1964 Kennedy halves usually have the least amount of wear on them. Less wear=more silver by weight.
  5. AdamL

    AdamL Likes Silver

    Whatever works for you. I have gotten good deals on halves, quarters and dimes.
  6. Pocket Change

    Pocket Change Coin Collector

    First, Silver Dollars demand a premium. The old 10xface or 11 x face or whatever don't apply to Silver Dollars. I suppose this is based on the "reputation" or "respect" of the Silver Dollar. Heck, you have to pay $17 or $18 for a used Silver Dollar which only has around 3/4 ounce of silver. Throw a couple more dollars in and you can get an ASE which has a full ounce.

    Right now, your observation is correct. Quarters at $3 are not bad. Unlikely you're going to find halves at $6 or dimes at a little over a dollar.
  7. SilverSurfer

    SilverSurfer Whack Job

    Around here, 1/2 dollars sell for the least amount of premium. I can find Franklin's for 6$ when the price of silver drops to $15.
  8. quartertapper

    quartertapper Numismatist

    Just to throw this out there, I've noticed some of the silver commoratives going for a very small premium over spot. They have some serious potential to increase in value numismatically, and paying only a small premium, so the risk is minimal.
  9. sunflower

    sunflower New Member

    Which commoratives are you referring to?

    Thanks,
  10. sunflower

    sunflower New Member

    I paid 1.30 each for my dimes this past week from a small town coin shop. Mercurys and Roosevelts were both 1.30 each from the junk dimes in the the shops tupperware bowl. I spent 39.00 exactly. I did'nt end up with a lot of dimes, but I was glad to pick up a few anyways. I think dimes are pretty. My new Roosevelts have some pretty toning to them.
  11. tklimson

    tklimson Junior Member

    It seems like every day I am finding Silver Kennedy Halves (40% silver) at an astounding pace now. I walked into my local convenience store and the clerk pulls out 2 rolls of various 1965 to 1969 Kennedy halves. Someone brought them in the night before to buy beer, gas and cigarettes. Unbelievable. It sure is nice to score these at face value. I’m beginning to like my coin hunting career. Then I meandered to the grocery store and got 4 1968 Kennedy halves. Silver coins are virtually ignored and look the same as regular minted coins by clerks. So these are really great places to hunt. Total silver value is $108.02.
  12. quartertapper

    quartertapper Numismatist

    Just look at listings of some dealers who specialize in commemoratives. There are some less than desirable Olympic designs, as well as overproduced '82 Washingtons going for $7- $9 each. Many of the 90% silver dollar commems are also going for way less than Morgan or peace dollars.
  13. Pilkenton

    Pilkenton almost uncirculated

    Sometimes you can get commemoratives cheap.

    I recently bought

    '82 Washington (in box)--6.25
    two Statue of Liberties (in box)--less than ten bucks each
    two different Olympic dollars--12 bucks and 13 bucks

    I also bought 2 silver Ikes still in the blue pkg.--both for 11.50.

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