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<p>[QUOTE="RonSanderson, post: 2492426, member: 77413"]Please keep in mind that these silver and gold coins have actual value that is quite different from their face value.</p><p><br /></p><p>An American Silver Eagle is a $1 coin and the mint produces many each year. However, they contain one ounce of silver. Silver has been near $20 an ounce lately, so this coin would be worth this much no matter how beat up or ugly it was. This is bullion, or "melt" value, and the value of the coin will always be at least that. If you sell it you may get $4 less than that so the dealer can make a living.</p><p><br /></p><p>If the coin also has interest to collectors then there is a different marketplace. Now different concerns take precedence. If collectible, you need to know about condition, scarcity, and market demand to determine a value.</p><p><br /></p><p>You may want to divide the coins into the two categories. The ones that only have their bullion value can be divided by weight into seven pools and split up now. The others you could sell to a dealer or at auction, and then the cash split up.[/QUOTE]</p><p><br /></p>
[QUOTE="RonSanderson, post: 2492426, member: 77413"]Please keep in mind that these silver and gold coins have actual value that is quite different from their face value. An American Silver Eagle is a $1 coin and the mint produces many each year. However, they contain one ounce of silver. Silver has been near $20 an ounce lately, so this coin would be worth this much no matter how beat up or ugly it was. This is bullion, or "melt" value, and the value of the coin will always be at least that. If you sell it you may get $4 less than that so the dealer can make a living. If the coin also has interest to collectors then there is a different marketplace. Now different concerns take precedence. If collectible, you need to know about condition, scarcity, and market demand to determine a value. You may want to divide the coins into the two categories. The ones that only have their bullion value can be divided by weight into seven pools and split up now. The others you could sell to a dealer or at auction, and then the cash split up.[/QUOTE]
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