I am in the process of finishing my Washington Quarters collection. I am only down to 22 left (all silver) I have found someone who has ALL of the quarters that I am missing from my collection and he wrote me this deal. Can someone please look it over and let me know whether you think I am getting a fair deal or not. I believe I've completed the Washington quarter set for you; here are the dates and mints I have: 1932-D 1956-D 1948-S 1959-P 1932-S 1954-S 1951-S 1960-P 1939-S 1954-D 1948-D 1963-P 1946-S 1953-D 1955-P 1964-P 1947-P 1953-S 1955-D 1947-D 1950-D 1958-P So 22 total coins; most are probably Very Good to Fine, or Extremely Fine. The 1932's I would say are G4 or G6. The 1955's, 1958, 1960, and 1964 are all Mint State. I have calculated a total of $340.25 for these coins. If you want to trade for silver that would be fine; I have spot silver trading at $33.16 an ounce as of today, 10/17/12. What I would be trading him would be the following: 8 x (1 ounce silver round) = 33.16 x 8 = $265.28 6 x (1964 Kennedy Half Dollar) = 11.99 x 6 = $71.94 1 x (1969 Kennedy Half Dollar) = 5.99 x 1 = $5.99 Total Silver Content: $343.21 *Note: The Kennedy Halves are not in good condition (found them CRH) and their silver content makes them the value that I have stated above. Am I a fool to give up Silver Bullion and other Misc. silver coins to complete my collection or is this a great deal for me since it's Silver for Silver? Any advice would be appreciated. Thank you!
This sounds like a great deal to me as well. As you state the melt value is near the same and the other coins your giving have little more then melt value. If your getting the same value in return plus the possiblity of added numistic value of the coins you recieve you can't really go wrong on this deal. Add in the completing of a set you have been working on makes it that much better
I'd say it's a good likely good deal. The 32 S and D alone if actually in G4 condition are worth close to $300 together ($150 each). But for someone to part with 32 along with 20 others for melt price, I'd say that could be cause for some caution or it raises red flags to me. I'd say if you can get a look in person or have them send detailed photos would be the best option when buying or trading for coins.
I just came into this thread to ask why would you think your a fool? Who is to tell you how to collect? If trading junk silver for numismatic coins is foolish then I guess I'm also a fool.
If it's strictly silver for silver and no really numismatic trading then yeah I'd say you're good. It's all a matter of how bad you want to complete your collection. Silver for silver is always nice but completing the collection and it's "value" is also needed. Do you understand, lol?
This isn't a straight silver-for-silver trade, which makes me wonder if I am reading some of the previous replies correctly. Given their conditions, all the coins from 1939-S through 1964 are worth essentially melt only, so you are really trading for the 1932-D and 1932-S plus $4.00 face value silver. The 1932-D and 1932-S are actually pretty darn common in low grades and are also fairly often counterfeited so I would be darn certain that they are not only authentic coins with real mintmarks, but that they are also attractive and problem-free. You can go to ebay and BIN both the 1932-D and 1932-S already certified as VF for $350 combined. Given this option, the parameters for the deal and my concern about the 1932-D and 1932-S, I would have to tell you that you would not be making a good deal by doing this trade.
If it were me, I would offer him the 8 1 ounce rounds, and 3 of the Kennedys. That makes your offer $301.28. When trading, try to offer less in the trade than the other person wants. No different than you buying these outright instead of trading. That will get you started on negotiating.
which is 3/4 of the fun. Negotiate, Negotiate, Negotiate, Negotiate, Negotiate, Negotiate, Negotiate, Negotiate, Negotiate, Negotiate. phew.
Here are the pics of the 1932 quarters. Not great quality Sorry. They are probably too out of focus to determine counterfeits or not. He is charging me $85 apiece. Comments/suggestions would be appreciated.
Hello TaborTot22, One of the very basic diagnostics for the 1932 branch mint quarters is "if the mint mark looks bad, then the coin is probably good". The mint marks on genuine coins typically appear poorly struck & appear to be in a recess. This diagnostic does not necessarily mean that a coin is genuine. However, it is a good indication that it is a genuine coin. The mintmarks depicted look bad (as I have tried to describe) so the coins may be genuine. All that said, I kind of agree with TomB's post. All the quarters you need are bullion coins with the exception of the 32 D & S. Just make sure that you get a nice D & S coin with which you will be satisfied. Whatever you do, have fun with it. :smile
They may very well be real since they do not stand out as having an added mintmark. If the seller wants $85 per coin then the 1932-D and 1932-S together are costing you $170. This means that the 20 Washington quarters that are worth essentially melt are costing you the other half of the deal, about $170, which is far too much to pay for 20 common Washington quarters.
In The Eyes Of The Beholder!! After reading the posts in this thread which vary considerably, substantiating the truth: that the value of an exchange is determined by the participating entities. All I can add is: if you decline the offer, have the other party PM me, as I'll exchange higher grade uncommon 90% Silver @ melt for his coins. That's my value assessment. :thumb:
In spite of what would seem a great deal for the 32 branchers, paying $8.50 a piece for the common dates isn't a good deal at all. I would counter with $6.50 a piece and go from there. There is still no guarantee that your 32-D&S are genuine unless you can get a glass on them. Soldered mintmarks are common place for these key dates and you would certainly need a glass to know the difference.
I went ahead with the deal thoroughly inspecting the 1932 coins at our meeting. Using my own eyes and a glass, the marks looked authentic. I ended up trading the 22 quarters for about $310 worth of silver bars/rounds and junk silver coins. When I was updating my collection after I got home, I realized that one of the coins was the wrong mint mark. It should have been a 1947S and it was a 1947D. I contacted him and he said that he would send me the correct coin in the mail on Monday. He had done this before so I believe him. I am excited to have a full collection. I now have a full Lincoln Penny (minus the 1922 plain), Jefferson Nickel, Roosevelt Dime and (soon) Washington Quarter set. Now, I am working on completing my Kennedy Halves set. I know that many people are on are more on board with getting high grade coins but this collector is excited with completing a collection.
