I have merc dimes 100's roosevelts 100's some Morgans 100's of Franklins 100's of 64 Kennedy's bought in rolls when new.franklins were bought in rolls at the end too.Un Circulated my question is do I wait and hope silver prices will sky rocket and have them melted or should I try to sell them for value.The melt down looks to be the value play and wait for price increase.I really do not need the money for now.But what if sterling hits 100 per ounce.If any one is in need of certain coins let me know,I can look and e-mail pics of the one in your interest.
None of us have a crystal ball. In other words, we don't know if silver will "skyrocket" or "crash and burn".
Best problem You have a wonderful problem. Too Much Silver in Too Many Forms. With so many to dig through you can sort and select which ones are just melt and others that deserve preservation!
I would hate to see them melted, regardless of condition. Just think of all of the future collectors who may not be able to afford MS coins who would love the opportunity to find some of these in circulation for their Whitman folders just as many of us did 50 years ago. Sell them? Yes! Melt them? No! Chris
are you a collector? do you know how to grade? melt will get you 10-12X face - some collectable coins will get you over 1000X face it will take someone hours, but rare coins and varieties will be found in that stash
i always hate to hear collectors talk about melting their coins. :crying: Numistic value of coins i always think is worth more than melt value. I sometimes cringe at the terminolgy of melt. It seems to give ideas that silver or gold coins have to be melted for them to be worth anything. The pre 65 are already 90% but if they are melted than that percent is unknown and compromised...right ???? unless its assayed ??? boscoboy911 - do you have a list of what you have with year/mintmarks ? pictures would help also if your offering for collectors on here to know what you have ??? if alot are uncirculated or in good condition...i bet you could get alot more for them than just silver value
To the OP: You mentioned sterling. Sterling is usually .925 silver. US pre 1965 coins are .900 silver and .100 copper. There is a difference. Your coins should not be sold to scrap. Offer them for sale here in the open section of Coin Talk. Just my 2 cents....
If this were my hoard I'd begin by doing some sorting. Pick out all the ugly, damaged and bent coins and put them in a box or bags. While doing this take note of any key dates or rare items, put those aside. My next comment is this: If you have waited this long already, then wait some more. Everyone [mostly everyone] expects silver to go up eventually. It's just a matter of how long you want to wait till "eventually" gets here!
Just my personal opinion so take for what it is worth as it is just one persons opinion If you change it in for Dollars the value will only continue to decrease for the foreseeable future. If you leave it in Silver you have a 50/50 chance of it gaining in value. 1 quarter in 1964 would buy x amount of gas. that same silver quarter will buy the same amount of gas today, If not more if sold for the Silver content Will today's Dollar do that? Terry
