OT: Silver Coin Question
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  1. #1
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    OT: Silver Coin Question

    Guys I am trying to get an adea of what kind of prices to expect from a coin shop for the following items.

    Rolls of circulated Walking Liberty Halves
    Rolls of 90% silver, circulated Washington Quarters.
    Rolls of 40% silver, circulated Kennedy Halves.

    I have checked online and have found multiple sites selling them, but I would like to get an idea of what I should expect to get from a coin shop.

    Thanks-COPE
    Quote Originally Posted by Ol'Sarge2K
    You can be all like "Do do do, I'm all cultured and shit, and then SURPRISE! Draco for your FACE!"

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    Re: OT: Silver Coin Question

    Try looking at coinflation.com I think some dealers use this as a guide.

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    Re: OT: Silver Coin Question

    I just took in some silver coins,halves and dollars...
    the guy I took em to gave me 80% of the value of siver per OZ...pretty sure it was upper 40's near $50 OZ
    so he gives 80% of the 90% silver coin using some penny wieght method.
    all I know is for just a small box of coins I got $605
    when society falls LOOKOUT! I will finally be on a level playing field!

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  5. #4
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    Re: OT: Silver Coin Question

    And thats coin silver, not .999 silver
    JOHN STOSSEL "Yeah, you can CALL the police. And they WILL come. And they WILL take pictures of your dead body. The FIRST line of defense is YOU."

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    Re: OT: Silver Coin Question

    some of the older coins are almost 100% silver.
    i sold some on saturday and got 15.00 a piece for some of my coins.
    1895 coins

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    Re: OT: Silver Coin Question

    Based on about $40 per ounce of silver, and US coinage at 90% silver a scrap silver coin is going to fetch about 25x face value. A silver dime would be about $2.50, a quarter would be $6.25, a half would be $12.50 and a silver dollar would be $25. The 40% silver coins (war nickels and Ike dollars) would be about half that. These numbers are for junk coins with little or no numismatic value. Some rough coins of cetain ages would fetch even higher multiples of this guideline due to the numismatic rarity.

    Back when I stockpiled my little silver hoard I was paying 5.3 times face with silver about $7-8 per oz. I roll of 20 halves was going for $53 at the local flea market.

    These metals will continue to go higher as inflation devalues the dollar. Note that real copper pennies (before 1982) are worth almost 3 cents and nickels of any era re worh about 7 cents due to the price of copper and nickel scrap. I already sort these out and they do not go back to the bank anymore...

    -C

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    Re: OT: Silver Coin Question

    What are the current laws governing melting down pennies for scrap metal? I heard it's illegal.

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    Re: OT: Silver Coin Question

    You'd honestly do better selling them on ebay. You'd more than likely be able to sell at or above spot on ebay, as silver is a pretty hot item over there right now.

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  11. #10
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    Re: OT: Silver Coin Question

    Quote Originally Posted by Norinco QBZ-95
    What are the current laws governing melting down pennies for scrap metal? I heard it's illegal.

    Not sure on legality?. No reason to melt them?.., labor and cost prohibitive. Just sell them. But not sure even the early cents are worth much as metal content. You would have to sort them by dates as US cents have not been all copper for almost 30 years.

    1793–1857 100% copper
    1857–1864 88% copper, 12% nickel (also known as NS-12)
    1864–1942 1946–1962 bronze (95% copper, 5% tin and zinc)
    1943 zinc-coated steel (also known as steel penny)
    1944–1946 brass (95% copper, 5% zinc)
    1962–1981 brass (95% copper, 5% zinc)
    1974 Experimental aluminum variety (test strikes only, not circulated)
    1982–present* 97.5% zinc core, 2.5% copper plating

  12. #11
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    Re: OT: Silver Coin Question

    Pennies have a decent bit of copper metal value over one cent, but like you said, it's probably not worth the fuel to melt them.

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    Re: OT: Silver Coin Question

    If you sorted all of them and culled the pre 1982's they are worth potentially 45% over face but what you get at spot would be less AFAIK.. But sorting in any quantity and packaging and transportring. Well., you get the idea.

    5,000 pennies sorted by dates to cull say 1,500 pre 1982 x $0.0045 = $6.75 net

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    Re: OT: Silver Coin Question

    One thing to note is the 1982 is a split year. Some of the pennies in 1982 are the old copper style and some are the new zinc style. The only way to tell is in the size and shape of some of the letters and weighing them on a scale with a 0.1gr accuracy. Real copper pennies are a little heavier.

    -cabby

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    Re: OT: Silver Coin Question

    Quote Originally Posted by COPE
    Guys I am trying to get an adea of what kind of prices to expect from a coin shop for the following items.

    Rolls of circulated Walking Liberty Halves
    Rolls of 90% silver, circulated Washington Quarters.
    Rolls of 40% silver, circulated Kennedy Halves.

    I have checked online and have found multiple sites selling them, but I would like to get an idea of what I should expect to get from a coin shop.
    Thanks-COPE

    You will get sodomized by a coin shop. Use the Coinflation page to find value and sell to someone private on Craigs List.
    "Step forward now you soldier, You've borne your burdens well. Walk peacefully on Heaven's streets, You've done your time in Hell."

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    Re: OT: Silver Coin Question

    Silver is way down this week due to all the paper silver sell-offs.


    If anybody else here is investing in silver HOLD FAST, and buy the dips!
    Resistance to tyranny is obedience to God. - Thomas Jefferson

 

 

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