Hey I'm newer to coin collecting and I was thinking with the way people are treating most silver roseys like micro bullion lol. Is there a chance that Rosevelt dimes will become rare or do silver buyers just hold onto the coin and not melt them down? If this has been covered I'm sorry about asking?
I remember when I was a kid, the last time silver was this high, and watching the man at the coin shop dump big canvas bags full of nice Morgans into the coin counter. The counting machine was this large industrial grade, all metal machine that looked like a huge sausage grinder. I still hear those classic coins grinding and crunching through the metal blades of that machine. Ruined forever.
I bought $80 worth of rosies and mercs a few weeks ago!! Couldn't be happier as I filled up my rosie needs in the Dansco.. $80 in face value.. I paid a **** of a lot more than 80 bucks..
What condition and did you pay silver price or coin price? I'm filling up a book also $3 dollars a slot silver price.
They had a huge auction of them end yesterday 50.00 face value, i wanted it. =( but i didnt want to pay that much over spot. Someone did though.
I sold $10 face to a LCS last night. When I asked if they wanted to buy them, they needed them and paid more than spot. $22 face. I spent it all on other coins.
55' Proof, 60' Proof, 62' Proof, 60 Mint in OGP, 2 2012 ASE, 10 Silver Certs, 1949D AU-58 Franklin in NGC slab. I'm about out of junk silver right now. I have a couple rolls of Mercs and I'm holding onto a roll of Morgan and a roll of Peace dollars. They have the 2 piece ASE sets NGC graded 69 for $185 right now. I'm thinking about letting go of some of the Morgan/Peace dollars. I've lost interest in junk silver for the time being but I have another LCS that consistently sells me dimes under melt. Those are some of what I flipped for the stuff I got last night.
Buy from Store 2 below melt, sell to Store 1 above melt, and hope the two don't find out about each other, eh?
He needed to come up with $100 face for some other customer. That was why he was willing to pay over melt. If he didn't need them, he would have been around $20. This is not a place I ever buy junk silver. They are always a little over melt. I am blessed to have two LCS that I deal with and they are 60 miles apart. Each is generally good for different things. To the OP's question, the Roosevelt dimes only become worth more than melt when you get up into the BU coins. The lower grade stuff is plentiful. A lot of them were probably put away back in the 50s-60s as a handful or two of dimes would be easier to hold onto long term than the same numbers of Franklins.
I sold 39 40% to someone on craigslist last night for spot and went to my LCS and bought $7.50 face in 90% with the money I made from my halves. My LCS always has a ton of junk silver on hand, but with the prices going under $30 this week he was pretty much sold out and struggled to come up with the amount I wanted. He also said he was getting a shipment for over melt because he needed it too.
