Fair price to sell 40% halves at???

I have a bunch of 40% halves I'm thinking of selling. A dealer told me $2.50 per today... melt is almost $4. I'm new at this... that seams low to me. What should I try to get? Thanks.

 

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I can let ya know what my local dude is paying tomorrow night... but otherwise, I'd look at E-Bay and see what they're getting minus fees and whatnot.

 

37.5% is a hefty discount below melt. How many halves are you selling? If you only have a few you probably won't get as high an offer (per coin) as you would if you are selling roll quantities.

 

Agreed with Hobo. Seems too low unless it's a couple of them.

 

That's what i got a month ago for 100 40% ers from a local shop,
$2.50 per,about a dollar below melt at the time.
A buck below melt value seems fair both ways

 

i sold a roll of 20 for $70 with all the fees taken from ebay + paypal i ended up with $57. I guess not bad i suppose...my local Silver/gold buyer was offering $50 for it. (although that was when the silver was $24 now it's like $26 0.0.

 

40% halves almost always sell well below melt and with silver skyrocketing this week, I'm not surprised at $2.50/ea. That's a decent offer from a Brick & Mortar coin shop.

I would try to find a buyer willing to pay $3.50. Sell them at $3.50 if you can and in the future, stick with 90%.

 

Tulving makes a market in $1,000 bags of 40% silver with a $1.25 spread. He pays spot minus $1.10. With silver trading $26.05 this morning and a bag containing 295 ounces we calculate his buy price to be $3.68 per half dollar. Anything less than that is the cost of trading in small quantities in a dealer market. I believe that a 32% discount (2.5/3.68) to Tulving's buy price is way too high but that is jmho. Best of luck to you.

 

I sold some last weekend at a coin show. The dealer paid 5X face.

 

Unless you find them roll searching

 

40% halves usually sell for around 3.50 to 4.00 on eBay. I don't particularly seek them out, but thats about the prices I've seen 'em sell for.

 

My dealer was buying 40% ers for 3.25 each yesterday.

 

This is a pretty fair price

http://www.apmex.com/Product/44/1000_Face_Value_40_Silver_Bags.aspx

I guess it depends on how many you have.

 

I sold the 40%'s I was talking about in the OP. The shops around me were still at $2.50 so I did a c-list add. I got $3.25 each. Not to bad, I think.

 

My shop today was buying for 7x face or $3.50 each with melt at $28.75. This past weekend at The Money Show, biggest coin show in Houston, I found one guy buying them for 8x face and one buying at 8.5x face. The shop that pays the best here pays 40% of the 90% face offer. Thus, if they are buying 90% for 20x, they buy 40% for 8x.

Hope that helps,

Erin

 

Yeah the amount the OP was offered seems way too low even for the price back in November. I was at a local coin show this weekend and rate for junk 40% silver was 6.4X face. I am willing to bet that a collection of 1/2s net a bit more than that depending upon quality and years. There are a lot of people who make collections of Kennedy 1/2s so there is always a demand for these coins.

 

A "fair" price is melt value. The actual price will differ.

 

a local shop paid me 3.65 for each coin i had when i went in a couple weeks ago

 

Keep in mind guys that 40% silver halves have to be processed. Our refiner charges 10% to process lots less then 90% pure. So if I net $3.60 a coin I'm a buyer at $3.30 or so.

 

A 90% half contains 0.36169 oz of silver and a 40% half contains 0.1479 oz of silver. By my math a 40% half contains 40.89% as much silver as a 90% half, not 40%. [0.1479 / 0.36169 = 0.4089] It looks like that dealer is making an extra 0.89% when he buys coins from the math deprived.