How much should I charge for Kennedy's?

Was hanging out with my best freind and his uncle earlier. I found out the uncle is a bit of a collector/hoarded. Probably more of a hoarder. We got to talking and he offered to buy silver kennedy's from me. I have a bunch, and although I hate selling my coins, I could use some extra cash and 10 out of my 50 1964 Kennedys wouldn't hurt my feelings too much. He's not very knowledgable, so I can kind of set the price. But being my best freinds uncle, he's like family to me so I want to do him right. So how much should I charge him for 10 90% silver kennedy's? They vary in condition, but I would say they average MS-60 or MS-61. Thanks!

 

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guess it depends if you just want to go out to eat, or go on vacation

LMAO

 

According to coinflation.com the melt value for 1964 Kennedy half dollars as of this posting is
$4.72 . So I would say $50 for ten uncirculated Kennedy halves is a fair price.

 

That is too much. I wouldn't ask for more than $45

 

sorry, couldnt resist

world coin has them priced at 3.00 UNC

my book says

1964 - 4.00 UNC - 8.00 proof
1964D - 4.00 UNC

 

I agree with gopher. '64 Kennedy's aren't worth much more than melt unless they're MS-65 or better. If you want to split hairs, he should be able to get 10 '64 Kennedys on e-bay for $45 and that would include shipping. But $50 is definitely a better deal for you. And who knows where silver is going

 

Go with $50 is my advice. $5 each isn't bad.

 

What and where is World Coin and are they really selling 1964 Kennedy halves for $3.00 each? I find that hard to believe. Also, what book are you using as a price guide and what was the spot price of silver when that book was published?

 

Wow, thats alot of responses in a short time. Thanks guys. Several people said 50, some said less, and since I like this guy I don't think I'll go higher than $45. Thanks again folks.

 

When silver is at $13/oz, 8x face value is fair. And as he is a friend, I would charge any more then $40.

 

When i buy from friends, i will usually go a bit higher, and when selling to frineds, i usually go a bit on the low side. I never know when they might have something i want so it helps foster a nice trade agreement

 

I would say between $4 and $4.50 each.

 

Actually, after a good night's sleep, I'm rethinking this whole thing. It seems that this is some kind of a hand-wringer. What's the point? They are 10 kennedys the guy can buy anywhere, there is apparently nothing special about them. Why bother? If the guy really wants 10 kennedys, point him in the right direction. If you need the money, e-bay is a click away. Why potentially jeopardize a relationship over a few coins that can be bought or sold almost anywhere?

I guess I could understand if it were a special coin or if it were expensive, but it is none of that....

Just my two cents.

 

Actually, if you do the math, it works out to be more than 9X face value. There is $4.71 worth of silver in a uncirculated 1964 Kennedy. $4.71 divided by $.50 = 9.42

Plus, at that rate, you are not figuring in the value of the copper contained in the coin. Total metal value is $4.72 at current silver and copper spot prices. So if you are only charging folks 8X face for 90% coins at todays spot prices you are actually shorting yourself. 8X face value is what 90% silver was trading at back when spot prices were around $11.00 an ounce.

 

WHOA there. Let me stick in my 2 CENTS. Your best freind. His Uncle like a family member. Let me set you straight about close friends and family members. If you give him all the coins he wants for any price, other than face value, you are a crook. You over charged for something you didn't want. If you charge Red Book pending on condition, you are a crook. If you charge barely over face value, you are a crook. If you give him coins for less than they are worth, you are a sucker, chump, dummy. Of course onot to your face. If other coin collector freinds and relative hear about it you'll hear "hey what about me, nice guy". I can't stress or explain enough how to end a such relationship other than a monitary transaction.
My suggestion is leave well enough alone and just say you would really like to keep them all for yourself and someday maybe YOUR KIDS.

 

Cool down Carl. Charging melt value is hardly a crime. So if I were your brother would you give me your 1964 halves at face value? :rolling:

 

Yeah, I don't quite understand what your upset about. He's the one that brought up wanting to buy the coins, I need money, and if I sell him 10 coins for a couple bucks UNDER what they would be worth melted down, then how the hell am I a crook. If thats being a crook, (And I'm pretty sure its not) then every coin dealer in America is a huge crook.

 

And my kids will still have plenty of coins going to them after I sell 10 out of my 50+ 1964 kennedys.

 

I don't see anything wrong with selling the friend a few Kennedys at wholesale (around $4 or $4.50 each). I sell stuff to my dad and a few collector friends quite often. You can reach a middle point where both parties walk away happy with their deal.

Who knows, you may talk to this person and get him interested in the hobby, as opposed to just hoarding. It may possibly create another collector.

 

Though what Just Carl was saying sounded a bit harsh, I think he was just pointing out that sometimes its just best not to do business with close friends and family, as those kind of things and feelings take place afterwards, not Carl calling you a crook. He can correct me if I'm wrong though.