Hi, can we see pictures? Sounds like a pretty good price to me, but depends on the condition! Nice!!! :thumb:
Silver value is $22.60. The only way you got a 'steal' is if you got a key date or they are in very high grade.
I got a proof franklin and 5 Walking liberties for 65, I get franklin proofs for 15 when silver is at 42.00 so I would say you didn't do good, but when silver will be high again you would be ok. Dan
Well, if these are common dates and condition is VF or lower, $30 is a tad high. As ratio said, there's about $22.60 worth of silver there, and low grade common dates are considered "junk" silver. Now if both are uncirculated... well, that's a different story.
Not that great considering where spot is at. If and when it gets back up to $40+, you'll just break even retail wise. Selling it when you need the cash is a different story.
Yep... lucky to get more than $18 (somewhere around 80% of spot) for the pair at todays price. Now if the OP had bought them for $18... well, that would have been closer to a steal.
It sounds like you may be working under the false assumption that a 90% Silver Half Dollar contains a half-ounce of silver. A 90% Silver Half Dollar weighs 12.5 grams. 90% of the 12.5 grams is silver. (That is why we say the coin is 90% silver.) 12.5 grams X 0.9 = 11.25 grams. So a 90% Silver Half Dollar contains 11.25 grams of silver. Let's convert that to ounces. 1 Troy Ounce = 31.1035 grams 11.25 grams / 31.1035 grams/Troy Ounce = 0.3617 Troy Ounce Two 90% Silver Half Dollars contain 0.7234 Troy Ounce of silver. (0.3617 X 2 = 0.7234) So two 90% Silver Half Dollars contain 27.66% less than 1 Troy Ounce of silver. I think you significantly overpaid (unless, as ratio pointed out, your coins are key dates or high-MS condition).
The problem is anything less than a mint state coin for Franklins is usually a melt coin. I picked up three 58-D's for melt last week. And those are mint state examples with blast white surfaces.
You can always try http://www.coinflation.com/ to get the Silver value of US coins based on the current prices. Remember if you were to sell a quantity to a smelter, expect to lose about 20% for their costs. $30 is a bit high for bullion today. Might be a money maker for you tomorrow ? But check for rarity, then for varieties or errors. Sometimes we get really lucky doing this. Scan them if you can or post a pic and the guys here will help you identify them. Remember, they ain't making any more of them. Eventually, they will be more in demand than they are today. iMHO gary
All depends. Did you get them in high grade? Do you like what you purchased? You may have copped a coup......... In the end, it all boils down to you Rick.
The cost of buying silver coins these days is disgusting. I remember back in 2005 when I used to attend a coin club. There would be trays of Walking Liberty, Franklin and mint BU '64 JFK halves for sale for $3 each!! Silver quarters were only $1.50, common date Morgan and Peace Dollars sold between $6-11 and you could buy silver Roosevelt dimes for as little as $0.30 each. Membership dues were $15 a year and each year every member would get a free ASE! I'm sure they haven't offered complimentary ASE's in years, these high silver prices have got to go. I look at the silver trays at my local coin store now adays and it's like I'm in a different reality on The Twilight Zone. I'll never buy a silver coin again so long as they cost so much, mark my words right here and now.
