I have tried to search out the form and can’t seem to find the answer. Will raising silver prices apply across the board, meaning a higher price will get me a higher offer on my 40% Kennedy’s? I am trying to figure out if there are other factors besides the market value silver that need to be considered with 40% silver content coins when trying to sell them. Or is it just sell when I think silver is high.
Yep yes sir. I contacted apmex they told me they pay .80 under spot for 40 & 90% half dollar rolls. I've been buying up whatever half dollars i can find. Barbers, Walkers, Ben Franklins, and of course Kennedys so yes the silver spot price does effect those If you have a few rolls and want to sell them to me cheap pm me
as a pure billion value, your halves have approx 4.6 gram silver content, less than a 90% quarter has. A refiner has to remove the copper, which further devalues the coins melt value. So, at $36 an ounce, $5.33 silver value. As a seller, you can probably get that much for them hopefully.
I guess I didn't make it clear what I was looking for. There is less silver in a 40% coin than in a 90% coin, so as silver moves higher are buyers going to be less interested in dealing with a lower % coin and focus in on buying the higher content coins leaving me unable to move my coins. I was trying to see if the a market for 40% coin will disappear because dealers will only want deal with the 90% coins. Or will there alway be some sort of market for 40% coins.
How many do you have, that is going to play a part in how easy they are to move. If you have a full $1000 face bag you'll have better luck.
I just told 18 of my 40% half dollars on ebay for 90 bucks. Not huge but for $9.00 face it wasn't bad.
Yeah, not even close to that volume. A scant $40 face value so that could limit my options. I don't have an EBay sellers account so that is not the best route either
I have to ask. What were you fees, listing and paypal? Is the $90 including shipping, so what will that cost you?
try craig's list. As silver goes higher, your 40%ers become more valuable. You probably cant' get spot for them, but you can still get a really good price.
No way man. Higher prices are a result of higher demand. Saying that higher prices would drive people away from 40% coins and to 90% coins is like saying higher prices will drive people away from 90% coins and into 99.9% Canadian maples. Persons trying to get their hands on some "junk silver" are interested in holding physical silver and not paper. And like i said APMEX.com will give you .80 under spot not 80 under coin value The current price means your coins are worth $5.33 they will give you $5.21 all day long. You have to pay shipping cost so that eats at your profit but if you have hundreds or thousands of 40% halves it would be worth it.
Isaiah58, ebay takes 9% plus it cost me 2 bucks to ship and .25 to list so when the smoke clears I come out at about 80-83 dollars. I'm not complaining haha
