Well, I have the approx value of them memorized. But my local dealer said silver is at 32 some but coinflation said it was 33.60
One thing to realize about coinflation though is they use .7234 oz of silver per $1 face value of pre-65 U.S. coinage. Pretty much everyone uses .715 in practice to account for some wear on the coins....... Does make a bit of a difference......
I like the site, definitely helps when setting minimums. They occasionally post some articles that you should take with a grain of salt.
Yeah. I love the site, but some of the articles have slants to them that haven't been seen since 5 seconds before the Titanic went under. I wouldn't recommend a grain of salt, but the whole dang rock. Still, great current information of the value of metals in coins. I go there often as well.
If Coinflation said it was at 33.60, chances are that it was right. Sounds like your dealer was just guestimating and did not have the actual silver value at their disposal. With an active connection, Coinflation uses real time values. If the values are off, you just need to refresh and they should be right on. I have not had any problems with using it.
$4 for 4 war nickels isn't that bad of a sell price. I have already bough for $1 when silver was right about where it is now.
So you sold for less than 50% melt, but we're talking war nickels here and they often sell retail at under melt too. Even if the dealer had the "actuall value" at his disposal, it's not like this was a rip. Not many people are walking around with cash in-hand wanting junk war nickels and offering straight spot. A buck each may have been fair, but at $0.80 he still didn't take you for a ride.
Ya, and I am VERRY good friends with this dealer! Make most perchases, even supplies thrue him, 3 cents a piece for 2x2's and safeflips
I go to that site everyday. I have seen people BUYING say the price was high, and people SELLING claim it was low, so I figure it's right. It is updated regularly, and it gives it's source, so I don't see how it's wrong.
