How Much Do You Pay/Sell Your Junk Silver For

Discussion in 'What's it Worth' started by zachfromnj, Jul 13, 2012.

  1. zachfromnj

    zachfromnj Junior Member

    Hey guys, I was wondering how much you guys sell/buy your silver for.
    I always thought melt value was fair but I just took a glance at ebay and omg, people pay some redic prices for silver.
    Of course you have to factor in various fees to ebay/paypal, which is why I just sell here on our For Sale forum.

    Below is current melt value of the silver coins.


    [TABLE="width: 150"]

    [TD="width: 75"]War Nickel[/TD]
    [TD="class: xl24, width: 75"]$1.53[/TD]

    Dime
    [TD="class: xl24"]$1.96[/TD]

    Quarter
    [TD="class: xl24"]$4.91[/TD]

    40% Half
    [TD="class: xl24"]$4.02[/TD]

    90% Half
    [TD="class: xl24"]$9.84[/TD]

    Dollar
    [TD="class: xl24"]$21.04[/TD]
    [/TABLE]


    I'd love to find someone selling morgan/peace dollars for melt!

    Any good luck stories with people buying for melt? *rate dates etc*
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. cciesielski01

    cciesielski01 Laced Up

    I pay melt for all scrap silver but Morgans have a small premium over spot at my lcs
     
  4. BioEtOH

    BioEtOH Member

    I just had a transaction today with a colleague - he initially asked for $70 but eventually gave me more than 11% discount. I paid $61 for 2 walking liberty, 2 Franklin, and 3 Kennedy (63 n 2x64). Of course, it was cash transaction.So, being a good colleague actually pays off ;-)
     
  5. Tyler G.

    Tyler G. Active Member

    A '63 kennedy??
     
  6. zachfromnj

    zachfromnj Junior Member


    we're missing out
     
  7. BioEtOH

    BioEtOH Member

    let me check again - and make photos in the morning
     
  8. BioEtOH

    BioEtOH Member

    It's official, I'm blond tonight! They are all 64! The 63 was Franklins. I guess I need my sleep.
    The pics come tomorrow morning - good night
     
  9. ocjoe949

    ocjoe949 Active Member

    Good deals are out there.

    To me its all a numbers game... the more you're out there looking, sooner or later you'll find a deal. I bought $50.00 plus face of WLH, and Barbers and some washington quarters for what averaged $16.25 x face. When at the time it was hovering clost to 20x. Not a steal, but a good deal at that. My local coin guy will generally always sell it to me for melt or .50x over. Depending of what he's got. So basically just keep you're eyes open, and again the best way to score a deal is when you have a pocket full of cash, and you ask "how much for all of it?" That works the best for me.
     
  10. BioEtOH

    BioEtOH Member

    My colleague told me to try 'cash for gold' kinda shops - he said i may find some silver coins too - but never knew and never thought of it
     
  11. dbldie

    dbldie New Member

    I like buying silver for under melt and then not selling, and with foreign silver it's often possible. Just wait for the right buys.
     
  12. fretboard

    fretboard Defender of Old Coinage!

    Of course I like paying melt or below and the way those auctions go on ebay is insane at times. Of course if you stay on there a bit you can get some good deals on junk silver. What's funny is the idiots who try to sell a 1 peso Morelos that only has 10% silver as a regular 90% coin.:rolleyes: I don't see it as much as I used to but it still goes on. Yeah, if you stay on your toes and, oh forget it. I was just about to give away an ancient ebay secret but I need to keep that to myself. After all, you guys are bidding against me. ;) You keep your secrets and I'll keep mine. :D
     
  13. BioEtOH

    BioEtOH Member

    Ok, I am awake now. Actually I paid 62 dollars for these 7 coins.
    They are:
    1. 1943 walking liberty - upper left - W mintmark
    2. 1945 walking liberty - upper right - W mintmark
    3. 1952 franklin - middle left - no mintmark
    4. 1954 franklin - middle middle - D mintmark
    5. 1963 franklin - middle right - D mintmark
    6. 1963 franklin - lower right - D mintmark
    7. 1963 ... oops ... 1964 kennedy ;-) - no mint mark

    The weird thing is that coin #1 weighs only 12.1 gram ... too worn off? opinion, experts?

    62USDdeal.jpg
     
  14. pjstack

    pjstack Member

    I'm no expert, but I think the "W" you see on the Walking Liberties is the designer's initial. The mint mark is on the reverse near the rim at about 7 oclock.
     
  15. jhinton

    jhinton Well-Known Member

    I pay 5% under melt and sell for 5% over melt. Most of my local competition (when I'm home) pay's about 30% under melt and sell for around 10-15% over melt.
     
  16. BioEtOH

    BioEtOH Member

    Oops, I am being blond again!
    In that case, there is no mintmark on both my walking liberty coins ....
     
Draft saved Draft deleted

Share This Page