What to do with these coins I found

I always see the silver dollars go for more than melt but many coins like the dimes, quarters, and many of the halves are worth their silver content. Many of these coins have been reduced to bullion. If you want to get rid of them you should probably wait until the price of silver goes up. The nickel you have with the V I just bought a simliar one for a dollar.

 

Log in or Sign up to hide this ad.

could you please post close ups of this coin:

 

Unfortunately, with the economy the way it is, and the 'silver mania' going on, you are going to have a hard time liquidating these without wading through all sorts of charlatains in the process. Be very careful, and realize that even at silver value, a fair offer is VERY close to that value. If the offer is more than 3% less than melt, I would walk. My silver broker buys and sells at 3% either way. (He is not a coin stealer... I mean dealer). The guy trying to get your stuff for 16 times face was a crook IMO.

Now, what happened to the 1928 Dollar coin?
It was not listed on your final tally.

 

You could give them to me.

 

Sorry, I'm confused. What is "melt" value? Is it the current price of silver, which according to Coinflation here:
http://www.coinflation.com/coins/silver_coin_calculator.html

is $27.54 (per ounce, I think)? Or is it something else? So, if I'm guessing right, then a dealer should be offering *no less than* 97% of that $27.54 - $26.71? Per ounce? As an example, Coinflation says the value of 1 Morgan dollar is currently $21.30, so I should get no less than $20.66 (97% of $21.30)? Or am I way off base here?

I guess the biggest reason I wanted to ask about this here was to see if there was a better "home" for some of these coins than just a dealer who would buy them only for the silver (after which they get melted down, I suppose). But I'm not sure I have anything really special that someone would want. And as far as the price of silver goes, I did just check that and it's way down from this time last year, I guess from too many people selling theirs for economic reasons (which is my reason too). I could hold on to some of these coins but I do need to sell some. I wonder if there's a way to decide what to get rid of and what to keep for a while.

I don't know if that makes any sense; I'm still trying to figure this all out. But it's been very educational already, and I'm glad I asked all these questions instead of just taking the coins to the nearest "We buy..." place.

About the 1928 dollar - when I went back through the coins for the mint marks I couldn't find it, but I did have one more 1923 than I'd thought, so I think it's just that I need new glasses. Oh well...

Oh, one other thing: What is the difference between a coin dealer(/stealer) and a silver broker? I can find lots of dealers, I think I've already been to two, but how would I locate a broker if I do decide to sell them for the silver?

Meg

 

The one at the end is a 1946. I have 4 of them but that one is the shiniest, so here's another scan, done at 300% (I combined the 2 images into 1):



I'm having trouble getting the lighting right with my camera; the scanner seems to be doing a better job. I did put a piece of black felt behind the coin so it would stand out more. (The felt piece wasn't big enough to go behind all the coins in the original scan, unfortunately.)

I hope that works for you. If not let me know and I'll try something else.

Meg

 

That looks like like a nice high grade Walker, definitely worth more than melt.