Does anyone know where I can buy some coins that arent too pricey and get like a pound of coins that I dont know what they are but not have a bunch of junk in the lot like wheat pennys but get some good silver for like 20-35 bucks.
Many coin dealers sell "grab bags". Just remember, there ain't no Santa Claus in the coin business. Dealers don't stay in business by giving their customers something they didn't pay for. Good luck.
You would have to define what you mean by "good silver". Even heavily worn silver coins sell for the value of the silver - which is not cheap. There are more sources to buy coins than you can shake a stick at. And we would be happy to recommend some of these sources. But first you have to decide what it is you wish to collect and what you can afford to spend. You mention $25 - $30 - now for common date, modern US silver coins - those struck prior to 1965 - you can purchase many coins for that amount. But don't expect them to be in very good condition. US silver coins, even in the worst condition, are worth approx 4 - 5 times face value just for their silver content. So $25 would buy you about 20 silver quarters with the majority of them badly worn. Now as a general rule, world coinage is less expensive than US coinage. But silver is silver - no matter where it comes from. But if you have an interest in world coinage you can begin a nice collection on a smaller budget. Just don't expect the coins to be all silver.
Thanks for the plug Regarding u.s. silver coins, they aren't normally sold by the pound but just by dead reckoning my best guess is that a pound of u.s. silver coins would cost about $65 at the current silver prices. I'll let you all do the conversions and check my math. Since the shop is closed today I don't have all the tools needed to get an exact figure. Nick
ok here's how I figured this...did it in my head quickly earlier so could be off. $1 face value in u.s. 90% is about 3/4 of 1 troy oz. Whether it's 2 halves, 4 quarters, 10 dimes, whatever...it works out to be .715. Now...as we all know there's 12 troy ounces in a troy pound, and 16 advp ounces in an advp pound. There's 14.58 troy ounces in a advp pound. Right? Correct me if this is wrong. So $14.50 face value...approx 10.3 troy ounces...times 4.5 (about the going rate for 90%, as pointed out above...(at this point I reached for my adding machine) equals $65.25. That's for an ADVP pound of u.s. 90% silver. Also note that using the silver spot price to figure 10.3 oz of PURE at $6.50 is $66.95. Right?
