I have a quick question. I have a bunch of common date silver coins in rolls that I will be trying to sell soon at an upcoming coin show. I know dealers generally pay 15% below spot, so what do you think an average roll of each of these might fetch me? - Roll of circulated silver Roosies - Roll of circulated common Mercs - Roll of circulated common Washingtons - Roll of mostly circulated 40% silver JFK's - Roll of circulated common Walkers - Roll of circulated common Franklins I think I'm doing the math right when, say for the Roosies, I assume each dime has about 90 cents worth of silver in each. In a roll of 50, that's $45, and minus the 15% that totals out to about $38. Does this sound right?? Thanks in advance!
Coinflation.com has the melt values of the coins, check there. Roosies are closer to $1 each. If i had that stuff though I would save it since silver will rise in the future but it's your call
It's a family collection I'm sorting through, and unfortunately I'm not the heir to it, but rather my wife and her sister and brother are. If I had it my way, I'd sell all the silver still...and then buy as much 'generic type gold' as I could!
Ha, thanks for the site! I used their calculator, and the probably ask price is more like $47.21 per roll. Now let's see, there's about 10 rolls of dimes in that collection, so...
Took some 90% JFK's in to my dealer and he gave me $4 bucks a peice. I would think you would get more than that for the Franklins unless they're in a really low grade.
mjpm.com is paying $8.95 X face right now, but you have to ship them. If you have several rolls it would probably pay vs. selling at a show. http://www.mjpm.com/silver.cfm
I've heard that apmex.com is better than mjpm.com, but I have not personally dealt with either one. apmex.com is currently offering 8.96 x face for 90% adn 3.27 x face for 40%. If anyone goes with either, I strongly recommend reading up on their procedures for how to lock in the price and document that you followed through.
$20 an ounce is highly plausible in the near future, I would strongly recommend not selling but it's your call.
I personally am in the process of converting my 40% silver to Gold. While Silver has more potential to go up, it also has more potential to go down. I'm not converting all my silver to gold, just my 40% silver. So you could just say that I'm further diversifying my holdings. I'm shooting for at least 4½ oz of US gold for a $1,000 bag of 40% silver. If I can't find a local dealer to do that, then I will try apmex.com and take the extra $200 (might be more or less as it was last week when I last checked on prices).
I think my wife wants to buy clothes with that money, not gold. I've still got plenty of silver in my own collection, though!
I have sold a few rolls to mjpm and it was pretty straight forward. The do have a page that walks you through the shipping procedure step by step.
Not trying to be a jerk but $1000 bag of 40% silver is worth about $3000 while 4 1/2 ounces of gold is gonna run you about $3600 and your shooting for AT LEAST 4 1/2 ounces of gold for that. You going to have to lower that to about 3 1/2 ounces of gold.
Today's buy price for a $1000 bag of 40% silver on apmex.com =====>$3,770.10 Today's sell price for 1oz Gold Eagle (apmex's choice on date) ======>$785.90 $3770.10 / $785.90 = 4.80 oz's When I start shopping dealers this week, I'll take 4½ oz's of any US gold, any date, any condition (as long as it's US), their choice. If everyone says no, then I go with apmex.com. The only reason I would settle for 4½ oz is there is some consolation in it being an immediate transaction, no shipping/insurance involved, and no question about how good apmex is at honoring their quoted prices.
