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<p>[QUOTE=&quot;Vess1, post: 724730, member: 13650&quot;]For the original poster&#039;s sake, lets simplify this and get back to basics.&nbsp;&nbsp; Just in case. They may or may not understand why people are arguing the numbers that are being thrown around.</p><p><br /></p><p>&nbsp;&nbsp;&nbsp; So, to anubis:&nbsp; &nbsp; First off, junk silver is considered any silver coin with little to no numismatic premium past what the silver in the coin is worth.&nbsp; Mostly what you&#039;ve purchased here.&nbsp; &nbsp; You need to know how much silver is in the coins and the daily spot price to know what&#039;s a good deal on any given day.&nbsp; Then you can make your own determination on how many times face you&#039;re willing to pay.</p><p><br /></p><p>&nbsp; You can get a Redbook and it will tell you how much silver each denomination has up to 1964.&nbsp; &nbsp; I&#039;m guessing most people here have the amounts memorized by now, including myself.&nbsp;&nbsp; (Although I&#039;ve memorized my driver&#039;s license # too...)&nbsp;&nbsp; Pre-64 dimes contain 0.07 troy oz of silver.</p><p><br /></p><p>&nbsp; Then you can go here:</p><p>&nbsp; <a href="http://www.kitco.com/charts/livesilver.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitco.com/charts/livesilver.html" rel="nofollow">http://www.kitco.com/charts/livesilver.html</a>&nbsp; &nbsp; and look up what spot silver is today.&nbsp;&nbsp; Right now it&#039;s at $16.67/ troy oz.&nbsp;&nbsp; So the melt value of a basic, common, circulated silver dime is 16.67 x 0.07= $1.17 today.&nbsp; &nbsp; <b>Which is 11.7 x face.</b>&nbsp; &nbsp;&nbsp; I don&#039;t know many dealers that will sell right at melt price.&nbsp; They want some profit.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp; So, depending on the quantity you&#039;re purchasing, 12 to 13x face isn&#039;t out of the question as a reasonable price to pay at this time.&nbsp; As silver fluctuates, that will change.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp; At $1.50 for a Merc, you didn&#039;t pay melt but nobody could expect you to.&nbsp; While the pawn shop didn&#039;t get rich selling it either.&nbsp;&nbsp; You paid 15x face, but you were also buying one.&nbsp; If you were buying several rolls of them, you could probably get them for 12x face.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp; Melt price for a silver quarter at 0.18 oz is $3.00 on the nose.&nbsp;&nbsp; 12x face.&nbsp; Nobody but the completely uneducated public would sell a silver quarter for less than $3.00 right now.&nbsp; That&#039;s the rock bottom value &#039;at this moment.&#039;&nbsp;&nbsp; Next week, that could change drastically.</p><p><br /></p><p>&nbsp; When you step up to buying more expensive coins, it becomes a whole other ball game.&nbsp;&nbsp; I&#039;ve watched the show &#039;Pawn Stars&#039; several times.&nbsp; IMO, those guys are ruthless!!&nbsp;&nbsp; I&#039;d never buy a coin from them.&nbsp;&nbsp; They lowball everything that comes in.&nbsp;&nbsp; And it would appear they expect to double their money (or more) on just about everything that comes through the door.&nbsp;&nbsp; People are getting paid and they&#039;re making money, but to say the consumer is winning there would take a real stretch of the imagination.</p><p><br /></p><p>&nbsp;&nbsp; They would be far, faaar from a good coin shop.&nbsp; &nbsp; Most pawn shops are going to have beat up, low quality stuff mixed in a can (just like on Pawn Stars) with inflated prices.&nbsp; Or, junk silver for somewhere around melt.&nbsp;&nbsp; If that&#039;s all you&#039;re looking for, than there is no problem.&nbsp; </p><p><br /></p><p>&nbsp; Surely, there may be a few exceptions to the rule.&nbsp; But know this much going into them so you can spot a good shop from a bad one.&nbsp; <b>Never assume how good a place is until you&#039;ve been around and seen others. </b>&nbsp; It&#039;s just like nice hotels.&nbsp;&nbsp; Once you&#039;ve stayed at a top tier one, what you used to think was really nice doesn&#039;t seem as nice anymore.&nbsp; Then you notice the flaws.&nbsp; You&#039;ve got to get perspective.&nbsp; That&#039;s my advice.[/QUOTE]</p><p><br /></p>

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