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<p>[QUOTE="cpm9ball, post: 901915, member: 24633"]There is one option you failed to include, and that is the one I would use. Since your uncle didn't specify any particular coin(s), I would opt for 4 - $500 boxes of half dollars to search, and I would keep searching more boxes until I had converted all 4000 coins to either 90% or 40% silver halves.</p><p> </p><p>For the sake of discussion, let's assume that 20% of the coins (800) were 90% silver and 80% (3200) were 40% silver. Also, let's assume that silver is selling at $18oz.</p><p> </p><p>800 x .36169 = 289.352oz.</p><p>3200 x .1479 = 473.28oz.</p><p> </p><p>289.352 + 473.28 = 762.632oz. x $18 = $13,727.38</p><p> </p><p>Okay, for the final assumption, let's say that you sell them to a dealer at 20% back of spot.</p><p> </p><p>$13,727.38 x 80% = $10,981.90</p><p> </p><p>Then, I would buy a nice 1879-CC Morgan in MS64 for about $8K and use the remaining $2,900 to start searching more boxes of half dollars.</p><p> </p><p>This might take some time to accomplish and I might even drive to many different banks in a 150-mile radius, but it would sure be a lot of fun.</p><p> </p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="cpm9ball, post: 901915, member: 24633"]There is one option you failed to include, and that is the one I would use. Since your uncle didn't specify any particular coin(s), I would opt for 4 - $500 boxes of half dollars to search, and I would keep searching more boxes until I had converted all 4000 coins to either 90% or 40% silver halves. For the sake of discussion, let's assume that 20% of the coins (800) were 90% silver and 80% (3200) were 40% silver. Also, let's assume that silver is selling at $18oz. 800 x .36169 = 289.352oz. 3200 x .1479 = 473.28oz. 289.352 + 473.28 = 762.632oz. x $18 = $13,727.38 Okay, for the final assumption, let's say that you sell them to a dealer at 20% back of spot. $13,727.38 x 80% = $10,981.90 Then, I would buy a nice 1879-CC Morgan in MS64 for about $8K and use the remaining $2,900 to start searching more boxes of half dollars. This might take some time to accomplish and I might even drive to many different banks in a 150-mile radius, but it would sure be a lot of fun. Chris[/QUOTE]
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