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What is the best way to dispose of pre-'64, 90% silver coins?

April 16 2012 at 2:30 PM

Larry Schmidt  (Select Login CSMO)
HyperScale Forums
from IP address 173.22.156.217

I have a few circulated silver dollars, halves, and some small change that I got from Mom and Dad's estate. What is better,1) sell for the silver value, or 2) sell the coins themselves(on e-Bay)? How can I find the market value on the silver? Adios, Larry.

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This message has been edited by CSMO from IP address 173.22.156.217 on Apr 16, 2012 2:31 PM


 
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Lee Griffin
(Login leegee_77)
HyperScale Forums
199.72.20.10

Need to know what the coins are...

April 16 2012, 3:00 PM 

It's best to take them to a reputable coin dealer and get them appraised. Chances are they have little collector value, especially if they are circulated, but you never know: You may have something that commands a little higher value.

In general, the bullion or melt price of silver has swamped out the collector value, so you would probably get something around the spot price of silver for them.

You can look up values online, and spot silver price is just a GOOGLE search away. But you need someone in the business to grade the coins. As I stated above, unless it's a real rarity, a coin that has been in circulation is probably not going to have much if any collector value.

Is there a coin shop (preferably more than one) in your town? It won't cost you anything to drop by and have someone take a look at what you've got. Sometimes a coin will have more in sentimental value than collector or silver value.

Cheers,

Lee G.

 
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(Login ResinPrince)
HyperScale Forums
71.29.73.234

Larry If you want to shoot some pics I can try and compare

April 16 2012, 3:16 PM 

to my book and give you a best guess. Silver dollars (not the clad ones) are selling at melt value of around $39.00 If it is a rare date/mint then I would take it to a coin dealer. Same for any of the others. I believe a coin dealer would give you a collectors value but if you want to sell to him he is going to cut that so he makes a profit on the sale. If they are not of collectable value, I imagine he would pay melt value on them too. I had a bunch of old silver dollars, none of collectable value so I just dumped them at one of those "we buy gold and silver" joints for melt price. Got around $500.00

Mike

 
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(Login modeldad)
HyperScale Forums
108.49.37.215

I took mine to a very reputabel coin / silver dealer in my town

April 16 2012, 3:33 PM 

He assessed them for collector value and silver content.



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(Login iluvflying)
HyperScale Forums
75.42.105.38

Just a tip. Don't sell to the person who appraises the item. Pay for

April 16 2012, 4:27 PM 

an appraisal then sell elsewhere.

Also, don't clean them thinking that will add value, it won't and will destroy any collector value if they had any.

HTH

Philip & Maximilian(Doing fine at school)

Head of Ranch Security, Song Dog, Texas

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(Login steven9)
HyperScale Forums
71.160.8.235

First, send them to me. I promise I will return them!!........

April 16 2012, 9:58 PM 

Be careful, and take your time. Try and research them on line.

And have fun.

California Steve

 
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Larry Schmidt
(Select Login CSMO)
HyperScale Forums
173.22.156.217

No way, man! I ain't trustig nobody with a Bill Cat avatar.

April 16 2012, 11:48 PM 

I am not saying you are untrustworthy. Your avatar choice probably matches your state of mind. Whacko? LOL. Adios, Larry.

Field Artillery brings dignity to what otherwise might be merely a vulgar brawl.

 
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(Login craigindaytona)
HyperScale Forums
108.94.97.203

It's improbable you have coins that are "collector's items"...

April 17 2012, 12:00 AM 

...although there's always that outside chance.

It'd be quicker, easier and less 'hassle' to sell 'em for their silver content. Without looking it up, I'm thinkin' it's like around $37/oz. these days (?).


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(Select Login CSMO)
HyperScale Forums
173.22.156.217

Is that Troy ounces or regular (av??????) ounces? n/t.

April 17 2012, 12:23 AM 



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(Login mass22)
HyperScale Forums
64.105.137.127

Without an appraisal from an expert, you're flying blind

April 17 2012, 1:35 AM 

Get that, and you'll know what you have, instead of wondering. But collecting on the nominal value has its own costs.

"Don't take your life too seriously, son. At the end of it, you won't be alive anyway."

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bob mack
(Login p38m)
HyperScale Forums
68.33.184.179

any major city has a gold & silver exchange...in D.C. it's deak & perrera

April 17 2012, 10:03 AM 



r

 
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Larry Schmidt
(Select Login CSMO)
HyperScale Forums
173.22.156.217

Thanks to all for the help and advice.

April 17 2012, 1:49 PM 

I sold them to the third fellow who appraised them. He offered me the best price. I am satisfied. I will split the proceeds with my brother and sisters. Thanks, again. Adios, Larry.

Field Artillery brings dignity to what otherwise might be merely a vulgar brawl.

 
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