With silver $8.00 oz., what's the melt value of dime, qtr, half rolls?

I understand that pre-1965 U.S. dimes, quarters and halves contain 90% silver. One local dealer quoted me his "buy" prices at "3-4-5 x (times) face" rates. How many ounces of pure silver would be contained in a dime, a quarter and a half roll respectively? (Sorry, but it's been awhile since I studied grams and ounces equations, so I'm a little rusty.)What would be a good price for me to sell them to him using his face value offers should I decide to let them go? All the rolls are BU 1960-1964, and I thought for example that Franklin Halves would be worth more than Kennedy ones. This dealer made no price distinction on his buy rates.

 

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Okay here is a quick break down of how we (dealers) buy silver. It is based on $1000 bags of 90% silver. Anything dated 1964 and before. Usually BU coins are not sold as melt. So based on silver content, it doesn't matter what coins make up the bag. As long as it is silver. The most common bags are half dollar bags. Mixed with Walkers, Franklins, and 1964 Kennedy's. The equation is roughly 715 ounces per bag. So multiply that time current spot and you get the numbers. Example silver at $8.10 X 715 = 5791 a bag roughly. Now most dealers will sell at a small fee above this melt price, and buy at levels below melt. Can be around $250 either way. I hope that helps.

 

I have read his post again. Sometimes I can't help but to think like a dealer

 

Thank you both, sincerely!! I am grateful for each kind response!! Both of them were very helpful and gave me different perspectives. This is a great site. The sharing of knowledge is indeed a very special gift.

 

Well your kind words are indeed appreciated by all.

 

i wish silver was $8 an oz. that would be so cool!!!!

 

way to resurrect a 9 year old thread i hope this guy kept his

i just almost leaped for joy

 

Seriously... why bump a 9 yr old thread? Could someone lock this please?

 

I almost had a heart attack, and I'm almost 40. You could really kill someone bumping threads like this.

 

what is wrong with commenting on a thread. if you have a problem then just skip over it. you decided to click so why complain.

 

There is no way to know what the started date was, I use the recent threads on the right side of the page. There really is no need to comment on a thread that hasn't been active in 9 years.

 

At first I was wondering why anyone would be asking to price silver at $8/oz, then I noticed the date. What a great thread to bump! A really cool blast from the past!

 

i can comment if i want to. i use the resent thread on the right hand side also. but he still did not have to comment.

 

He complains because he's North Korea.....you can't argue with North Korea. If you do argue with him, he will go all nuclear on you! LOL!

 

agree...kill this...its almost 10 years old

 

04-06-2004 05:42 AM as stated on first post

 

From 2004.

 

ok, fine,,,I'll go on a limb and buy silver for 8 :devil: