Over 2,000 old silver coins (dimes, quarters, half dollars)

I look at it more like how much per hour could you make by picking out such varieties. Now we already know the composition of this hoard.....mostly 50's and 60's stuff with a few Mercs and Walkers and slick SLQ's. If it were mostly Mercs and Walkers, I'd sure look through it a bit and pull a few of the best out.

There is little return in roll searching ( unless you get very lucky), similar with searching late junk silver. There really aren't many old hoards left anymore. A working person that pulled silver in the 50"s and 60's ( or just hoarded coins, as Granny seemed to do) would have to be over 70. People that hoarded coins earlier ( like around WW2 era) are deceased and the heirs have already cashed them in (like 20 years ago).

A dealer would be in perfect position to search the junk silver he buys. I'm sure many pull out the Walkers and Mercs and try to get a bit more from them, and look them over a bit as they do.....but they wouldn't give a second glance to Roosies, Wash Q's, Franklins or Kennedies, not enough to find doing it.

That's the way I see it.

 

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Make sure you get at least 90% of silver value when you do sell (anything less is quite the rip-off). If you want to sell online try provident, I have heard they pay pretty well. You could also try craigslist if you prefer a cash transaction, if you are in a fairly populated area I would be surprised if you couldn't sell them pretty quickly at 95% of spot, likely even spot. (may take a bit longer to find buyers at spot though)

 

Haven't been able to get back on here till now. Good advice all around, thank you guys so much.

Yeah, this is a cash fast thing, for the most part. I'd love to be able to sit on them to let the price of silver rise, but this is a thing where there are three parties involved who will benefit from it (myself, my brother, and my parents) and we all have our own financial needs (house repairs, credit cards, bills, etc.) that need to be addressed soon.

 

Just found out there is a coin show on the 17th not too far from here! I think I shall attend it!

 

I looked at your spread sheets that you compiled, I noticed that there were four 1942 winged liberty (mercury) dimes, get yourself a magnifying glass and look closely at the date for evidence of a 1 underneath the 2, it is a sought after variety and will be worth much more than the silver content. Good luck.

 

Look for refiners in your local Yellow Pages.
Check out coin shops in your area. Do an internet search. Look in the Yellow pages. Coin shops usually post buying prices such as : "21X", which means 21 times face value.

Call them and ask what they are paying for junk silver. Compare different coin shops.

If all else fails, put them back in the cans and wait until you have more time to deal with researching good prices.

 

I like the coin show on the 17th idea. Many of us have listings of coin shows all over the U.S. that we could suggest, but don't know what area you are in. If it's not too personal of a question to ask, knowing what U.S. State would help.


Doug21: Love your Mary Ann of Gilligans Island avatar.:thumb:

 

1) I'm in the Chicago-Land area. The coin show in question is in Itasca. Ironically, when I googled "Coin Show Itasca" a post from this forum from 2009 showed up about a review of the same coin show on Fathers Day (which this upcoming one is also on) saying that it was a poor showing because it was Fathers Day and dealers left early because of it, lol. I'm still going to attend and get there early enough that I'll catch them all.

2) I checked the 1942 dimes. No dice, sadly. Thanks for the heads up, though!

3) I've pinpointed a few coin shops/rarities/collectible shops who deal in coins that I plan on calling/reaching out too soon, preferably before the coin show. I've also looked up some refineries, but admittedly not as extensively.

 

BTW, I've stored the coins in ziplock bags and separated them by era (i.e. Mercury Dimes and Roosevelt Dimes, etc.). Is that a no-no for the retaining of their quality?

 

Look for the "Wounded Eagle Variety" (FS-901) on any 2000 P Sacajaweas. It looks like an arrow going through the belly of the eagle. Here is an example:

 

For coins like this, it's fine. For uncirculated or rare coins, you can get special plastic "flips" to hold them individually, but it's not worthwhile if you're just selling them as bulk silver.

 

Well, turns out every single one of them were 2000-P Sacagaweas... unfortunately not a single Wounded Eagle variety

How much are those valued at?

 

I've looked through your posts to this thread elbows and I didn't see where you broke it down to total number of each denomination of silver coins.

If you can compile that kind of list, that could be helpful with helping with silver value.

Or you can figure it yourself with the following:

Silver Content By Denomination

90% Silver

Dollars = .77344
Half Dollars = .36169 ounces
Quarters = .18084 ounces
Dimes = .07234 ounces
War Nickels 1942-1945 P on reverse = .05626 ounces

40% Silver

Dollars = .3161 ounces
Half Dollars = .1479 ounces

Just multiply those numbers with the spot price for silver, which currently is 28.63, that will give you the melt value for each denomination. Multiply the melt value by the total number of coins for each denomination you have to get the total silver melt value of all you have.

 

Did you miss the links to the spreadsheets? I had listed three spreadsheets for half dollars, quarters, and dimes, and have tallies of how many of each year I have. I didn't signify it in the spreadsheet, but where there is a gap between years that signifies when there is a change in denomination (between Mercury dimes and Roosevelt, Liberty and Washington quarters, etc.)

Dimes:
https://docs.google.com/spreadsheet/ccc?key=0Apgpofk8J-QPdDBxTlc5MmN3TTcxRzFsMWJROHM0aWc

Quarters:
https://docs.google.com/spreadsheet/ccc?key=0Apgpofk8J-QPdFVSaURXMDlEaUtfYllfbkZxOVowNWc

Half Dollars:
https://docs.google.com/spreadsheet/ccc?key=0Apgpofk8J-QPdFVSaURXMDlEaUtfYllfbkZxOVowNWc

 

Well, I suppose I'll update folks. Went to the coin show that was in the area and I'm happy to report that I sold every single coin for 90% value which is exactly what I was hoping for. Technically made 6 sales between 2 buyers.

First guy bought all my Liberty Half Dollars. Then shortly after decided to purchase my Franklin Half Dollars. He also bought my small amount of Mercury Dimes after that.

The next guy, whom the previous gentleman pointed me in the direction of, bought every single coin I had left. Bought the quarters separately (all of them) and then bought all the other half dollars and dimes I had leftover. He also bought a Barbados coin set my Grandmother also had for about $60 or so.

All in all I walked away with $10,100, which was about $100 more than I was hoping to get. It's a good day, and I couldn't have done it without being so well prepared thank to all your suggestions and advice, so I thank you all very much!

 

Nice job. :thumb:

 

Good job. You got a decent amount of money for them.

What you gonna do with all that cash? I would buy a new car.

 

Well I'm splitting it with my brother. I was gonna split it with my brother and my mother, but my mother has said she does not want any of it any more.

I will likely use it to pay off a few of my credit card debts, and also purchase a new laptop. I'm operate a web design and video production business and I can only do work on my PC and I work out of my home, so I'd like to have a laptop I can take anywhere to do my work on. I'm currently typing this on a really crappy netbook that can barely open a web browser. Getting cooped up in the house all day takes its toll, having a new laptop that can handle my workflow will be greatly useful. But yeah... that, credit card bills, and a few minor car repairs here and there, most likely... and whatever I have left I'll pocket for utilities.

My brother will likely use his cut to movei nto a new apartment (currently living with mom and dad) and also pay off some of his debts as well. So like I said before, we all kind of needed the money sooner rather than later which is why we chose not to sit on them so the price of silver could rise a bit

 

I know this may be a dumb question, but what years does this apply to? Is it any coin before 1964 that are 90% silver?

 

That applies to all 90% dollars, half dollars, quarters and dimes dated 1964 and before, the war nickel Jeffersons 1942-1945, 40% Kennedy halves 1965-1970 and the Ike dollars 71-76.

It also covers modern commemoratives, and silver proof sets coins, all of which are not for circulation.