Hey gang, very new to stacking and was in a pawn shop yesterday looking for silver eagles. While I struck out there, she did have quite a bit of constitutional silver in circulated condition. I was looking specifically at liberty half dollars, again just for stacking. I have zero experience in buying this stuff, so what is a fair price for liberty halves, assuming silver will recover eventually?
Well, if you're really thinking in terms of "Constitutional" silver, I'd have to say that a fair price is somewhere right around fifty cents. If current trends continue, you might find them closer to that than any of us would ever have imagined. And we'll all be wishing frantically that there weren't so many silver bargains around.
So you’d steer clear at the$7 - $8 price point right now? I honestly have no idea and Im not wanting to use ebay as a sounding board.
Circulated Walking Liberty halves don't command much of a numismatic premium, so $7-8 each corresponds to a silver price of $20 or more per ounce. If someone's asking that, what they're really saying is "I don't especially want to sell". Edit: I'd consider buying at $5, but realizing that it might be a long time before I could get my money back out of them. I'd buy as many as I could at $4 (spot value is $4.63 at the moment), although again silver might keep falling enough that I wouldn't be able to flip them for a profit. It doesn't matter, though, because nobody but nobody is selling at $5 or less.
For reference I often use https://www.usacoinbook.com There is under $5 in silver melt in a 90% half dollar today. Barber and walking liberty's seem to command a premium in better than average condition. It really depends on what they look like with a description of circulated.
I care less than I would have ever thought possible about falling silver prices. I'm talking about the things that are driving those shifts. I'm not excited about getting silver bargains if it's happening because millions of people have suddenly been thrown out of work.