Just came across 20 POUNDS of Pre 64 SILVER coins. What shoud I do with them?? VALUE?

Say, is this fellow joshing us here? He runs advertisements to purchase items with which he has no familiarity? At all? Never heard of key dates? Doesn't know a good'un from a bad'un? Has no game plan and no ability to then re-sell that which he advertises himself as being in the business of making a market? What did he do with the coins he has purchased previously?
Does he know a gold coin from a fake?( Never mind a real bayonet from a repo). Are these all really pre-64? He apparently knew THAT much about coins. Seems to know a dime from a quarter too but doesn't know how much this sack of 100% pre-64's including the silver dollars actually weighs. Has handy such a scale as will weigh it however when the dottering old lady schleps the sack of geetus into wherever he keeps the scale. Most people count money. We really don't much weigh it. Could just be a Colorado thing but I don't think so.

 

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22 pounds is not that much for a healthy adult to carry. The lady was able to carry it to you.

I hope you gave her a fair price for the silver hoard.

 

Zeke.. Thanks for the common sense approach to coins. I went to one of the sites recommended and looking up all the Morgan's and Peace.. All were in the 16-20 each range. I did the same with the 1/2 dollars some have good details and a few look uncirculated but nothing off the scale rarity wise.


As for RGJohn777 Thank you SO MUCH for making me feel welcome.. NOT.. Didn't your Mom teach you if you cant say something nice about someone Keep your mouth SHUT!!

Though very rudely put you have a point.. I have small portion of my WAR RELICS ad that states I buy gold and silver coins... I've done this for YEARS and picked up some small quantities here and there but nothing of this quantity.

And YES, I do know the minute differences of very rare Samurai swords, German medals US medals ect.. In cases when an extreme newbie came to me for a bit of education I would give it freely with out being rude.

 

Unfortunately, US Silver and Gold coins are smelted with regularity. I even have a smelter that will accept bags of coins and will pay according to the face value. That way you can mix the denominations. Once the coins are in your hands, they no longer belong to the government and they cannot recall them, legally. There is some question as to the Constitutionality of the ban on melting copper coins. This was imposed simply to assure there were ample cents left in circulation to conduct commerce. When Copper shot up, the cent was worth much more melted than whole, as it still is. Many of us copper hoarders are just waiting for the day. LOL

 

First, welcome to CT, you came to the right place to seek info on your great find. Also, remember, everyone is a critic so take advise with a grain of salt. Eventually the info you seek will pop up.

Off subject, I like to collect militaria (U.S) and did the same as you as far as advertise pre WWI-post WWII currency. So far I have taken in quite an interest. My interest was the silver in pre 64'

 

First off, welcome to coin talk Disbo! You've received some good (and some not so good) advice so far on this forum. My two cents, as someone else already mentioned, go invest $12.00 and buy yourself a Red Book, otherwise known as the "Guidebook to U.S. Coins" by R.S. Yeoman.
This book will give you retail value for all your US coins based on condition. It also has a chart towards the end of the book which will break down bullion, or melt value for all your pre 1965 silver coins by denomination.
You won't be able to sell your coins for retail value listed in RedBook, but if you put them up on EBay, you should get better than Blue-Book(What a dealer might offer you).
Good luck!:thumb:

 

Hey Disbo, you got class. You are doing it the right way. When I was a 8 year old back in the the ' 40's ' Iwas given a german
wide brimmed, felt covered, field helmet as used in Nort Africa. It was a beauty and in pristine condition. But I played too rough with it and it was ruined, it did protect my noggin' in neighborhood rock fights. . Also my uncle served in WWI and brought back his whole gas mask kit. The mask fell apart when I handled it but the kit served me niclely for many years as a fishing lure, hook holder, everthing kit. Combat belts were popular for many years back thentoo. WWII canteens were a must when fishing, hiking, camping out, etc. Guess I'm a product of the " War Years ".

 

Search, Sort, Melt.

Steve

 

Good going..way to make him feel welcome

 

No problem.. we should all play nice in the sandbox..

Here are some pics of the Haul. Ill be breaking it up I think...

 

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What is the going rate for 2 dollar bill and Silver Certs from the 20s?

 

sell em to me

 

What are the dates on the dollar coins?

 

It has the look of typical junk silver. I'd check the dollar coins. Forget the Roosevelt Dimes, washington quarters.....almost no chance of finding something there. The $2 bills are worth no more than $2.50, $1 bills not over $1.50.

Pretty much just count up the face value and multiply by 12-14 for the silver and about $16 for the dollar coins if no rare dates are there. Don't waste too much time on this. The Walking Liberty halves are one item you might sell on ebay as a lot or by rolls.

How much did you pay for all of this ?

 

This is what I'd like to know. In addition, I know a fellow who pays 14x face all day long for 90% silver and more for Morgan and Peace dollars as long as silver is over $20/oz.

 

Sequester all the Mint coins; even if they are common dates! A big lot of misc. mint state quarters, dimes, and halves will surely strike a premium; even if the dates are common!

 

I just sold a bit of silver on eBay and got just at 15 1/2 times face. It's one option. For me, it's more something to do, because there is a time investment with that.

gary

 

I'll agree that MS 1960's stuff might be worth a premium....looks like there was some there, too !

This lot does look like typical junk silver pulled from circulation about 40 years ago, though. There isn't going to be a 1932-d/s quarter in there. I doubt any of
Morgans are good dates. This stuff would have never received a 2nd look in 1980. I wouldn't hunt too hard with it, either. I wouldn't even look at Silver Roosevelt
dimes or Wash quarters, Franklin Halves, etc. personally

 

I'm sure there are plenty of us out here who would be interested in purchasing your silver lot at a profit to you. When you sell at auctions, you pass on 10-25 percent of your money. I for one would be interested in the entire bulk. How do we go about getting in touch?