40% Kennedy half ?

I get rid of 40% the same as sterling: spot. I usually sell those on Craigslist, since it eliminates the shipping cost. The rest (90% & bullion), I usually get a premium. If someone has bought from me in the past, I'll occasionally sell at spot.

 

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you have people pay a premium for 90%?? and sterling as jewelry, silverware, coins? i can get decent prices on the flatware and coins, but jewelery 80/85% of melt

 

Hmm, All good thoughts, I actually bought a roll of 40% halves on ebay well 27 coins this summer when spot was down at about $27.00 I think it averaged to about $4.00 a coin free ship.plus I bought a small collection from a gal that her father had passed and she was selling her dads collection on ebay one item at a time I contacted her after buying some really nice coins about the rest and bought the whole deal. I knew something was up when I was buying UNC Halves and Peace, And Morgans for $20.00 a piece. I guess cause she was not a coin dealer people were not bidding either that or they thought it was too good to be true. It ended up to where I got Silver dollars for Between $16.00 and $20.00 and pre 64's some unc for about $8.00 to $9.00 a piece. I was happy with the investment. as of today $5.02 for 40% and $12.29 is what I am seeing for coins. Its probably better to try and sell the whole lot than a roll at a time or a coin at a time wouldn't you Figure?

 

I'm not selling culls...

 

never said you were. just one of the nice things about 90% is being able to get it for spot. be it standing lib quarters or au/bu merc dimes and franklin halves. one thing i have noticed though being on this forum is a lot of people have to drive two hours to get to a coin store, i am from a town that has 5 within a 15/20 min drive all off one road. wonder if the competition has made me spoiled.

 

There are always people on craigslist looking for silver for spot. Being that you would be the seller you don't have to worry about someone ripping you off as much. You could sell on eBay where it seems junk silver is always being sold for over spot, then you get hit with the fees, but being people always seem to pay over spot you would make close to spot after fees.

I don't know where you are located, but there are a few coin shops in my area that sell junk silver for spot.

 

It's almost impossible to get spot for 40%. I've only managed that when the market was very strong.

 

Without a doubt, which is why I think craigslist is the best option because you can find people on there that are buying to hoard rather than to make a quick resell.

 

Different yardsticks. You're comparing "what I could get at a show two weeks ago" ($12.60 for three 40% halves) to "today's spot" (12.33 for one 90%). At the time of the show, spot for a 90% half's worth of silver was closer to $11.70, and as I said, the same dealers were offering $11.25.

 

I purchased almost all of my 40% at close to face when silver was around $7/oz. 8-10 years ago, then sold it when silver reached about $23 for a nice profit.

Bullion and 90% is good to buy at all times. When it comes to 40%, there is that price floor (cost to extract the bullion is higher than spot) you have to pay attention to.

 

What do you think the "price floor" is for a 40% half dollar?

 

I know a LCS in my area will buy them for as low as $2 each. To me that is not worth it at all, You would be better off trying to find a collector or even eBay is much better than that even after the fees.

 

It's simple. Dump the 40% coins and never ever ever buy another one again.

 

I agree with the point of never buying, but once someone has it, I would recommend that it be held and only sold into a future silver frenzy.

 

I woudn't buy them at melt, but I sure do enjoy buying them from banks for .50 each.

 

My off the cuff guess would be $10-$12. However, if silver ever got below $20, I personally, would dump any 40% I had.

 

Silver has to be down to about $3.50/ozt. for a 40% half to have a full melt value equal with its face value.

EDIT: But maybe you guys were talking about something different, I'm not sure.

 

Does that take into account the cost of extracting the bullion?

 

That's what I was interested to find out. What is the extraction cost for one 40% coin?

 

Good question to the best of my recollection, I purchased all my 40% when silver was at $7-$8 per ounce and I paid probably $1.20 per $1 face.