What would you offer a non-collector for silver coins?

A co-worker brought in a handful of silver coins that his girlfriend had and didn't want. There's nothing rare in the group. 4 Washington quarters, 3 1964, and 1 1961, all visibly circulated, two Roosevelt dime and a fairly worn 1945 Mercury dime.

What would be a fair amount to offer them for these coins?
The melt value of the silver alone is probably 10X face value.

 

Log in or Sign up to hide this ad.

Most dealers will offer either 7 or 8 times face value for it. That way, your co-worker gets a bit of profit, but you can also still make a reasonable one.

 

I point people to MJPM.com for their buy price. It's a fair and objective price and when you buy it, there's no shipping charges or waiting involved.

 

I'm in no way endorsing MJPM, I'm merely pointing out that they are easy to use for an objective reference. Don't know how easy or honest they are when actually buying/selling with them.

 

Thanks, it's helpful to know that there's a reasonable standard method.

 

I would offer the same thing I would offer to a collector for the same coins. Right at about $10 should be fair.

Speedy

 

I'd give them $5.00 and buy him a cup of coffee at Starbucks.

 

That would probably work out to 20X face!

 

LMAO. He said coffee not a latte! But you're right, Starbucks is way overpriced!

 

Jay Leno was joking about an armed robbery at Starbucks. They didn't take any money. Just 6 latte's.

 

I tell you what , you buy them for $5.00 and a cup of joe and I'll give you $6.00 and a two cups of joe !!

 

Oh , and check the 64-D washies for a 65 reverse if they are D's !!:secret:

 

hahahhaha we need to have more Jay Leno jokes in here

 

:thumb:face value with a brand new shiny one!

 

Now they've thrown in a 1957 Silver Certificate, wrinkled, but otherwise in good shape.

 

dreamer, I had a similar situation as yours where as a co-worker has offered me his collection but on a larger scale. There was over 800 wheat cents, 200 silver dimes, 100 silver quarters, 300 nickles, 3 notes, 2 Morgans, 1 peace dollar and some halves. What I did was check the wanted section of Coin World for the asking price from the dealers and came up with an offer price for my co-workers coins. The ask price for the silver certificate is $1.50 from one of the dealers in Coin World.

Lou

 

Thanks!

 

i'd give them $13 with the silver certificate.

 

I agree.......