Trade 40% Halves for ASE's?

When silver was low and they were only worth about .75 cents, I spent them at face. (Only a few that I was saving.) So 2.35 is very fair.

 

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Shouldn't it be more like $2.60 apiece?

 

yeah but 2.35 is awesome.....good deal ..........

 

Yeah, 4.7x FV in your pocket with with the price of silver where it is right now seems like a good deal to me. I wouldn't expect to do that well at a local show, and that's where I usually try to sell. You'd get less after fees and shipping on eBay, most likely.

 

90.7% of melt.

 

Yeah, because 40% and 35% is always discounted relative to 90%. In terms of price per unit of actual silver weight, 35/40% < .999 generic < 90% coin < ASEs, at least in my experience. Sterling falls somewhere toward the 35/40% range.

 

Yeah try and get 2.60 a piece for 40% silver halves. You won't.
2.35 is a fair price per piece.

 

Yeah, 40% usually goes right to the silver refinery guys for melting. Costs more to melt and refine all the copper out, so that is why it is discounted.

 

where did you get this certain fact?

 

I have also heard it is a PITA to smelt the 40% coins.

 

That's what a lot of dealers tell me.

 

When they're buying, not when they're selling, no doubt.

 

Of course this is an accurate quote. I brought in a gold ring with diamonds to my gold guy that I found detecting, I wasn't going to sell it, I wanted to find out if it was real or not. (He offered me cash for it, it is real.) But I asked him if the diamonds add any value. And he said not if you are selling.
Likewise, some coin dealers will say a coin is cleaned and offer you a lower price,
and then sell that same coin at a large markup with no mention of it being cleaned, if it really is or not.

 

they're the smart people in the whole bullion scam

 

I took an old ring with nice diamonds and rubies to a coin/jewelry place. The quote was "okay" for the 18k gold it was made of. I mentioned the diamonds/rubies. Yup, price not based on that. nice.. I told them what if I removed the diamonds/rubies (as I used to do some jewelry work and can easily remove them myself). They didn't like that idea because then they'd have an empty ring and they'd have to size up stones to fit it which would destroy a lot of their profit or just scrap it.