I here these words used a lot and I think the following would qualify. My friend has quite a few walking liberty halves that have unreadable dates on them. She thinks they are junk and wants to sell them to me for $1.00 a peice. I assume that since these are 90% silver that their value is higher than that. Am I correct?
You are correct. I dont have the numbers in front of me, but, believe they contain roughly $4 in melt value. If you dont want to buy them, I will
Go to coinflation.com to see metal value of U.S. coins. Scroll down to the section on "1964 and before" silver coins. Today's value of a half dollar is about $5.
True. I believe the "industry standard" is 715 t.oz. per $1,000 face value for worn (junk) silver instead of what the uncirculated weight would be.
Nobody, dealers anyway, that I've ever seen ever makes any correction for possible weight loss due to wear. This is because just about all of them realize that there is virtually no weight loss due to wear. The reason that they offer slightly less than the true percentage of silver in the coins is because then they do not pay full spot price. They offer less than spot.
Bags of average circulated wear coins are 1-1.5% less in weight than the same coins in uncirculated condition. VERY worn coins will weigh less of course, but not a lot.
around here, in Northern Illinois dealers are offering 9 times face value. Spot is a little above ten times face.
If those halves are so worn as to have "unreadable dates" I would say $4 each is a fair price to pay for them. Granted, four bucks is a little less than melt value but those coins probably look uglier than sin! No crime in charging someone an "ugly tax".
The Silver content in a Walking Liberty Half is .3617 of an oz and at today's spot price of $14.60 it's worth $5.28 so by all means buy them all at $1.00 each
Be a friend and auction them off for her. Deduct the expenses and give the rest to her. Regards Traci
