Assorted Coin
Will i get spot price for silver dimes, quarters, and half dollars?
I have about 750 silver dimes and other assorted silver coins. Do coin shops usually only buy when silver is down in price? If silver were to go to 100 dollars tomorrow do you think i would even be able to sell them? Am i gonna be hard pressed to find someone willing to pay there value according to coinflation.com? I want ebay to be my last resort but it might be the best way, i would like to hear some opinions. Yes i know i should hold on the coins for when the SHTF but i really dont care i need some cash now…
BS thats the dumbest thing i have ever heard get off of here you dont know what you are talking about
As others have pointed out, you can sell your “junk” silver regardless of which way the price is headed. If it’s going down quickly, you’ll probably get a slightly worse deal than you normally would compared to the “spot” price, because the dealer needs to build in a little room for the price to go down further before he can sell it.
Most dealers will pay a certain multiple of the face value, and that lets you calculate exactly how much per ounce you’re getting.
$1.00 in face value 90% silver coins contains .72344 troy ounces of silver if the coins are uncirculated. Circulated coins will weigh a little less, but don’t worry about it unless the coins are almost worn slick. Also, it doesn’t matter what the mix of coins is, $1=.72344 ounces.
Suppose a dealer tells you he’s paying 25 times face value. That means he’ll pay $25 for that .72344 ounces. Just divide 25 by .72344 to get the price he’s paying per ounce (in this case, $34.55/ounce).
And silver coins have not been illegal to melt in the US since at least 1980. It’s currently against the law to melt cents and pennies, but that’s because if everybody did it, we’d have a huge coin shortage on our hands.
Feeding Coins Through A Hopper
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