I'm talking about your average every day Walking Liberty Half Dollars. No key dates, nothing special. I'm tempted to bid on some on eBay, but I'm not very educated with this coin. So, what would be a good price for one of these?
at my LCS they sell for melt in g-vg-f condition. many places get a bit more. on the 'bay they tend to go for 1.5-2x over melt. so if melt is say 22x most lots go for 23.5-24x face.
Well spot is 11.27 right now for the silver. You'll probably go a buck or two over that. The obverse seems to wear down with walkers like the standing liberty quarter, so maybe look for good pics to know what you are getting.
So... Did I get a good deal here? http://www.ebay.com/itm/1920-S-Walking-Liberty-Half-Dollar-Nice-/271142075577?_uhb=1&pt=Coins_US_Individual&autorefresh=true&hash=item3f2153bcb9&nma=true&si=C1GsUuhJDX3E25DJ1YrTbtE4M18%253D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
The coin you purchased would commonly be considered a cull because of all the rim damage. At $14.17, your all-in cost, you paid 28.34x face. That is a stiff premium for current melt value of about $11.27 or 22.54x face. I would not have purchased that coin at that level. Of course, we are also only talking about a dollar or two difference in what I think it worth and what you paid, so your downside is quite limited.
I'd say it's a good deal on a 1920 and more than a fair price. If you want to get something that's Gem BU you will definitely pay more. I prefer to collect AU58 and above but when I'm buying an older date like yours you gotta take what you get unless you want to pay thru the nose.
I think you overpaid. eBay isn't the best place to buy single junk silver coins. Sure it is only $3 more than it is worth but percentage wise it was a poor decision. My recommendation would be to buy in bulk and purchase these coins at spot or slightly over from a dealer.
Ehh, so I paid 2-3 dollars more than normal. It was the first time I've bought one of these, so I still have to learn. I'm not looking for great specimins, ones like this are acceptable for now. Thanks for explaining what I would have paid. As I said before, I'm not experienced with this particular coin, but want to begin collecting it. I've watched for days on eBay and, honestly, that's the best deal I've seen.
Exactly it was only a $2-3 difference. You didn't have to drive to a lcs and you can get your feedback # increased.
You did okay if you compare it to what you have to pay to get one in a retail shop. I noticed that the walking libs are going for about 2 bucks more than a 64 JFK. They are going for $22 bucks a piece in a local shop. These are common dates, worn, etc. I think Walking Libs are going to start to have a little numismatic premium soon. I used to find them all the time when I bought "junk silver", but they are scarce now.
2$ to $3 on some education and 1 feedback point isn't horrible. One thing to keep in mind with eBay is some people will get macho. Especially with Morgans. Set your price or snipe at your price don't keep re-bidding. My grading skills are still not the best after a few years. But 200x better than when i started. I found going to coin shops, looking through junk silver boxes to compare and contrast and asking questions helps. Some shops do have eccentric and odd characters, don't worry about them. $22 for junk walkers is insane. I have gone to a pawn shop that had $60 common cull Morgan's, I was in and out in 10 seconds.
Ding, ding, ding! Didn't even check the reverse earlier. Not a terribly bad deal but I wouldn't have bought it either. That's alright, there's many more.
haha yeah yesterday i saw silver eagles for 90 dollars but got a commemorative dollar for 25, i dont think he knew it was silver
You didn't do bad I think. The silver alone is worth $11.18 currently so you paid about a dollar more than it's actual value. I don't include shipping and handling charges in the final price. I mean, if you drove to pick up a coin to buy, do you calculate gas + wear/tear on your car and throw that into your final value of the coins you bought? Those that spend thousands driving or flying to shows, are they spending x amount the value of the coins they pick up at such shows?
Every ASE I've sold on eBay recently has been between $39 and $43 (with free shipping). A quick search of completed auctions over the past 90 days does show a few ASE's in the $30 range, with one selling for $26.99 with free shipping. That's really strange, as the 1/2 oz versions are selling for almost that much.
