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What prices are you getting when selling cull U.S. silver coins?
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<p>[QUOTE="-jeffB, post: 2996133, member: 27832"]Never.</p><p><br /></p><p>For starters, a 90% silver dollar has about 1.07 times as much silver as $1.00 worth of smaller 90% coins (two halves, four quarters, ten dimes). Beyond that, though, Morgans (and to a lesser extent Peace dollars) carry a substantial premium even as culls.</p><p><br /></p><p>Provident's current buy price for $1 worth of 90% is $11.52. Their sell price is $12.55. "Melt" per Coinflation is $12.20.</p><p><br /></p><p>Their sell price for cull Morgan and Peace dollars is $18.75 for singles, $18.00 for 500 or more. They don't advertise a buy price, but I'm guessing it's well north of $14. (Melt is $13.04.)</p><p><br /></p><p>If someone offers to sell you Morgans at or near melt, BUY THEM ALL. If someone wants to buy yours for less than melt, walk away.</p><p><br /></p><p>No local dealer is likely to pay as high or sell as low as Provident, but they also won't have $1000 minimums.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2996133, member: 27832"]Never. For starters, a 90% silver dollar has about 1.07 times as much silver as $1.00 worth of smaller 90% coins (two halves, four quarters, ten dimes). Beyond that, though, Morgans (and to a lesser extent Peace dollars) carry a substantial premium even as culls. Provident's current buy price for $1 worth of 90% is $11.52. Their sell price is $12.55. "Melt" per Coinflation is $12.20. Their sell price for cull Morgan and Peace dollars is $18.75 for singles, $18.00 for 500 or more. They don't advertise a buy price, but I'm guessing it's well north of $14. (Melt is $13.04.) If someone offers to sell you Morgans at or near melt, BUY THEM ALL. If someone wants to buy yours for less than melt, walk away. No local dealer is likely to pay as high or sell as low as Provident, but they also won't have $1000 minimums.[/QUOTE]
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What prices are you getting when selling cull U.S. silver coins?
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