Specifically 40% and 90% U.S. half dollars. A nearby dealer quoted me 4x on the 40% and 10x on the 90%. That sounded good until I got home and did the math. Shouldn't the 90% be a few multipliers higher?
Melt value of 90% half dollars at today's price (14-FEB-18) is about $5.90. You say the dealer offered you $5.00, so he's offering you 85% of melt. You've can decide if that's fair. http://www.coinflation.com/coins/1964-Silver-Kennedy-Half-Dollar-Value.html
Yeah. Melt value is $119.58 as I type this, so do you all think that $100 is fair? I'm pretty darned sure I can get more than that on Craigslist, but then I have to deal with "people"... (not that coin shop dealers aren't people, but you know what I mean...;-)
Dealers have overhead to pay and they need to make a profit. Also the market can be volatile. To get top dollar one has to sell directly to the end user, not a middleman. With the dealer you get your money and go. Up to the seller whether he wants to do the work (deal with the public) or not.
If you are going to sell to a coin dealer, I'd say that 10 Times Face Value is pretty damn good in this economy. Where I work on Saturdays, we pay 8 Times Face for common U.S. silver coins... and we're higher than most around. EBay may get you a little more if you are selling coins in a Lot. I agree with Victor, though... not a great time to sell unless you just really need money.
10x is a reasonable buy price at silver's current level. If my favorite buyer were available, he'd probably be offering 11x; that's why he's my favorite buyer. 4x for 40% is actually pretty good. I'd expect my guy to be at 4.1-4.2x right now.
I would think you should ask yourself, "What would Rick Harrison pay?" C'mon guys! Would you rather get blood from a turnip or suck on an orange? Chris
Junk 90% has too much supply right now. I used to sell it at spot to dealers at the end of 2016. Now we're talking $1.00 under to those same dealers. Provident ran spot deals for this stuff recently and their buy back is $.80 under. Market on this stuff has changed. I'd hold my position if you can.
Never. For starters, a 90% silver dollar has about 1.07 times as much silver as $1.00 worth of smaller 90% coins (two halves, four quarters, ten dimes). Beyond that, though, Morgans (and to a lesser extent Peace dollars) carry a substantial premium even as culls. Provident's current buy price for $1 worth of 90% is $11.52. Their sell price is $12.55. "Melt" per Coinflation is $12.20. Their sell price for cull Morgan and Peace dollars is $18.75 for singles, $18.00 for 500 or more. They don't advertise a buy price, but I'm guessing it's well north of $14. (Melt is $13.04.) If someone offers to sell you Morgans at or near melt, BUY THEM ALL. If someone wants to buy yours for less than melt, walk away. No local dealer is likely to pay as high or sell as low as Provident, but they also won't have $1000 minimums.
Are those quoted prices for only $1000? APMEX has a minimum of $1000 but their quoted prices are only good for a minimum of $10,000
I see providence is BUY BACK PRICE: $11.53 On $1 face in Kennedy 1964. I run across a guy with 4 small buckets full. He said there in Nice shape, to which I replyed... if there really in nice shape you should store them better. I guess I'm still in my Cheap stage and offered 5,25ea