Bought a lot of silver quarters . Did I do ok?

Discussion in 'Coin Chat' started by Beardigger, Jul 21, 2019.

  1. Beardigger

    Beardigger Well-Known Member

    I bought a “lot” of silver quarters at the flea market today 25 liberty and 4 washingtons
    I realize they are all well circulated, but I wanted some for my growing collection. I haggled him down to $90 for everything seen in photo. I estimated that the price I paid is close to melt value. They weigh 6.1 oz not including the 1958 set. Did I get screwed?
    All dates are readable.
    There are 6 1928 (2 s )
    10 1929 1. S
    3. 1926. 1 S
    3 1925
    2 1930
    1 1927




    image.jpg Yep image.jpg image.jpg image.jpg
     
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  3. Inspector43

    Inspector43 70 Year Collector

    You never get screwed if you like something.
     
  4. Michael K

    Michael K Well-Known Member

    There's almost $95 just in silver value.
    Plus a free 1958-D nickel and penny.
    At a glance I'm not seeing any rare dates, but if it's something you like/want
    and got it below spot, it sounds like a good deal.
    You are probably not going to need that $90 to live on.
    You can enjoy these coins for 20 years. There's no price for that.
     
  5. rte

    rte Well-Known Member

    You did fine.
    I would have bought them as well.
    Did you leave them your phone number?

    The next lot could be a grand slam.
     
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  6. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Yes, you did fine..... Beware the silver bug. Once bitten, the only cure is more!
     
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    Not counting the year set you have 19 silver Quarters. Rough math comes to $95.00 or $5.00 per Quarter, then through in the Year set. You did good grasshopper! :)
     
  8. Beardigger

    Beardigger Well-Known Member

    There ar 29 silver quarters . I think you missed the 6. 1928’s in the list. And the 4 washingtons are silver too.
    What is that formula you use for figuring silver value out. I guessed using 6.1 ozs. At 90 percent.

    Thank you all for your input here! I’m relieved to know I did ok. $90 for 29 quarters seems like a lot to me.
     
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  9. Beardigger

    Beardigger Well-Known Member

    He said next week he’ll bring me a tube of 10 franklin halves that he. Wants 120 for. What do you think. ? Good deal?
     
  10. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    That is a little more than I would want to pay for circulated Franklins. I would be closer to $60.00 for ten... If they are circulated halves.
     
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  11. Johndoe2000$

    Johndoe2000$ Well-Known Member

    Sounds about right.
     
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  12. Beardigger

    Beardigger Well-Known Member

    I think it's a $10 tube . 20 halves total. I mis posted. Like the quarters they are circulated.
     
  13. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    That would be a fair trade. I would be a buyer.
     
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  14. Beardigger

    Beardigger Well-Known Member

    Thank you Randy. The guy is not a coin collector. seems to be more into Jewelry (gold and Silver) the coins were all in a baggie in his case. He has a baggie full of Merc dimes and other loose standing liberty quarters. his pricing for silver coins is Face value x 12. Which I never heard of before. he said he could scrap at 12.6 . he will deal a little......but pretty solid for the most part.
     
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  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    I missed the 6 at the top. Hot and humid here. No air so I'm melting. 95-97 and high humidity. It is summer and temps are expected to back down to a more normal range in the eighties.

    That makes your buy even better and puts you at about $3.10 just for the Quarters. Well below melt.
     
    Last edited: Jul 21, 2019
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  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    A quarter contains .18084 ounces of silver. Take the weight and do the math with the current price.

    For halves, they have .36169 ounces of silver. Circulated Franklins are common with only a few exceptions. If the tube contains 10 coins that's 3.6169 total ounces and at it's current price of $16.18 all 10 would be worth $58.52 for the silver. A tube normally holds 20 coins so if a full tube he would be at spot st $120.

    You can look at them and always bargain but be sure to take extra cash. He may decide to show up with extra coins and you don't want to be short on cash. :)
     
  17. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    That arithmetic is actually solid and in line with what the silver value is right now. Silver constantly changes in value and at the moment a 12 X face value is a good figure.
     
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  18. masterswimmer

    masterswimmer Well-Known Member

  19. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

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  20. Collecting Nut

    Collecting Nut Borderline Hoarder

    You're excused Randy! lol
     
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  21. Beardigger

    Beardigger Well-Known Member

    Thank you folks! I appreciate all the advice, and especially the formulas and calculations! I feel better prepared.!
     
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