Constitutional Silver

Discussion in 'Bullion Investing' started by acts541, Mar 17, 2020.

  1. acts541

    acts541 New Member

    Hey gang, very new to stacking and was in a pawn shop yesterday looking for silver eagles. While I struck out there, she did have quite a bit of constitutional silver in circulated condition. I was looking specifically at liberty half dollars, again just for stacking. I have zero experience in buying this stuff, so what is a fair price for liberty halves, assuming silver will recover eventually?
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Well, if you're really thinking in terms of "Constitutional" silver, I'd have to say that a fair price is somewhere right around fifty cents.

    If current trends continue, you might find them closer to that than any of us would ever have imagined. And we'll all be wishing frantically that there weren't so many silver bargains around.
  4. acts541

    acts541 New Member

    So you’d steer clear at the$7 - $8 price point right now? I honestly have no idea and Im not wanting to use ebay as a sounding board.
  5. Collecting Nut

    Collecting Nut Borderline Hoarder

    Do some research before buying. Most of the dealers are out of stock.
    acts541 likes this.
  6. acts541

    acts541 New Member

    Yes thank you! Thats what Im trying to do here.
    Collecting Nut likes this.
  7. -jeffB

    -jeffB Greshams LEO Supporter

    Circulated Walking Liberty halves don't command much of a numismatic premium, so $7-8 each corresponds to a silver price of $20 or more per ounce. If someone's asking that, what they're really saying is "I don't especially want to sell".

    Edit: I'd consider buying at $5, but realizing that it might be a long time before I could get my money back out of them. I'd buy as many as I could at $4 (spot value is $4.63 at the moment), although again silver might keep falling enough that I wouldn't be able to flip them for a profit.

    It doesn't matter, though, because nobody but nobody is selling at $5 or less.
    acts541 likes this.
  8. acts541

    acts541 New Member

    Thank you! Appreciate your response!
  9. rte

    rte Well-Known Member

    For reference I often use
    There is under $5 in silver melt in a 90% half dollar today.
    Barber and walking liberty's seem to command a premium in better than average condition.
    It really depends on what they look like with a description of circulated.
  10. FryDaddyJr

    FryDaddyJr Junior Member

    not me. let silver prices to down to face value. it will rise again
  11. -jeffB

    -jeffB Greshams LEO Supporter

    I care less than I would have ever thought possible about falling silver prices. I'm talking about the things that are driving those shifts.

    I'm not excited about getting silver bargains if it's happening because millions of people have suddenly been thrown out of work.
    Mr. Flute likes this.
  12. FryDaddyJr

    FryDaddyJr Junior Member

    that's how i feel about high gold prices.
    -jeffB likes this.
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