Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
I think this was a good buy!
>
Reply to Thread
Message:
<p>[QUOTE="NorthKorea, post: 1765351, member: 29643"]Tim, given how often you complain about world coins being valued lower than US coins, you should know that $12 melt in foreign junk coins won't get $12. You might get 25-40% less than melt for those, simply because no one will know that they're silver. Also, foreign silver standards are HORRIBLE. There are some 10%, some 30%, some 50%, some 80%, some 90%, some 92.5%, etc. In the US, most people collecting silver "know" that "pre-1964" (meaning pre-1965) dollars, halves, quarters, and dimes are 90% and that 1965-1970 halves are 40% (80% silver outer shell and 20% silver core, if I recall). Yes, there are other silver coins (silver Ikes, commemorative dollars/halves that are 90%, silver set coins that are 90%, etc), but the average person who knows little about coins vaguely knows the 1964 cutoff.</p><p> </p><p>The equivalent doesn't really exist for non-US coinage. Unless you're willing to carry a silver test kit every time you go to sell foreign junk-silver, you're going to basically be selling to dealers or eBay. With the shipping costs and fees, even if you get "spot" on the silver (which you probably won't), you should be expecting to lose about 30-40% of the transaction to fees/shipping, unless you're selling them in lots, in which case, your ending price will be lower, but shipping will also be lower. With dealers, you might be selling at 50% of melt, because "they need to make something too."</p><p> </p><p>The point is, as much as you try to rationalize this into a good deal, you really over spent by at least $10 (assuming all the coins you identified are actually what you think they are). If those coins aren't "silver," you overspent by an amount closer to $15.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 1765351, member: 29643"]Tim, given how often you complain about world coins being valued lower than US coins, you should know that $12 melt in foreign junk coins won't get $12. You might get 25-40% less than melt for those, simply because no one will know that they're silver. Also, foreign silver standards are HORRIBLE. There are some 10%, some 30%, some 50%, some 80%, some 90%, some 92.5%, etc. In the US, most people collecting silver "know" that "pre-1964" (meaning pre-1965) dollars, halves, quarters, and dimes are 90% and that 1965-1970 halves are 40% (80% silver outer shell and 20% silver core, if I recall). Yes, there are other silver coins (silver Ikes, commemorative dollars/halves that are 90%, silver set coins that are 90%, etc), but the average person who knows little about coins vaguely knows the 1964 cutoff. The equivalent doesn't really exist for non-US coinage. Unless you're willing to carry a silver test kit every time you go to sell foreign junk-silver, you're going to basically be selling to dealers or eBay. With the shipping costs and fees, even if you get "spot" on the silver (which you probably won't), you should be expecting to lose about 30-40% of the transaction to fees/shipping, unless you're selling them in lots, in which case, your ending price will be lower, but shipping will also be lower. With dealers, you might be selling at 50% of melt, because "they need to make something too." The point is, as much as you try to rationalize this into a good deal, you really over spent by at least $10 (assuming all the coins you identified are actually what you think they are). If those coins aren't "silver," you overspent by an amount closer to $15.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
I think this was a good buy!
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...