Message:

<p>[QUOTE=&quot;-jeffB, post: 2464644, member: 27832&quot;]The three 40% coins contain a good bit more silver than the one 90%. You lose some advantage, though, because 40% silver trades at a discount -- you&#039;ll get less &quot;per ounce of silver&quot; when you try to sell them. And, of course, they take up three times the space.</p><p><br /></p><p>Right now, Provident buys back 40% halves at 5.7x face value (with a large minimum quantity, of course!). They buy back 90% halves at 15.14x FV. That means you&#039;d get $<b>8550</b> for 3000 40% halves, $<b>7570</b> for 1000 90% halves.</p><p><br /></p><p>Using their figures for weight, they&#039;re paying $15.14/0.715 = 21.17/ozt for silver from 90% halves, and $5.70/0.295 = 19.32/ozt for silver from 40% halves. That&#039;s 8.7% less per ounce of actual silver weight for the 40%. But, since three 40% halves contain almost 24% more silver than one 90% half, they still come out ahead on price.</p><p><br /></p><p>One further note: I was surprised to see that Provident actually pays more for 1964 halves and Walkers (15.14x) than for Franklins (14.82x) or smaller 90% change (14.61x). I&#039;m guessing that reflects a small numismatic premium on the Walkers, lower silver content on the worn Franklins, and lower content still on the smaller change. They do quote the same 0.715ozt/$FV weight for all classes of coins, but 1964 halves (which didn&#039;t circulate much) will probably be closer to their 0.723ozt/$FV original Mint specification.</p><p><br /></p><p>Sell to a dealer at a local store or coin show, and you&#039;ll usually be offered the lowest general-90% rate regardless of whether you&#039;re selling dimes, Franklins, or 1964 Kennedys. Sell on eBay, and you may get an even higher premium for the halves, but you&#039;ll pay eBay 10% of your gross, PayPal 2.9% of your gross, and whatever packaging and shipping cost you, plus the risk of bad buyers.</p><p><br /></p><p>Also, the discount for 40% is usually higher for local sales. I&#039;m thinking my usual buyer at the local show was offering 12.4x for 90% and 4.2x for 40%, which would make your trade pretty much of a wash. He&#039;s &quot;my usual buyer&quot; because he consistently pays more than anybody else at the show, for either type; note that these prices were before silver&#039;s latest leap, and he&#039;s usually only a few tenths of a percent lower than Provident for 90%.[/QUOTE]</p><p><br /></p>

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