Just a heads up, silver coins are now worth about 15X of face value !

THE PROFIT · 10-02-10, 10:03 PM

okay, I have several old silver coins. Mercury dimes, war nickels, quarters, etc. Where can I get this 15x the face at??? Last I checked something is worth what someone is willing to give you for it NOW!

Doug · 10-02-10, 11:05 PM

Originally posted by THE PROFIT

okay, I have several old silver coins. Mercury dimes, war nickels, quarters, etc. Where can I get this 15x the face at??? Last I checked something is worth what someone is willing to give you for it NOW!

13-14X should be no problem to obtain from an honest buyer. I'll call my local coin dealer and report his buy price on Monday in this thread, OK !

I'd give you 12X easily knowing I'd get 14X or more.

You won't get the prices shown at....

www.coinflation.com of nearly 16X

14X is about right from an honest buyer, not 5X or 10 X, not a cent less than 13X for 90% silver coins.

15X is a bit high.

PM me your city and I'll personally find you a guy that will pay 14X, or at least try to.

assuming silver doesn't drop hard from it's present $22/ ounce soon.

14X is fair to both buyer and seller.

Gonad · 10-02-10, 11:19 PM

You are insane if you're SELLING silver or gold of any sort right now... Might be hiccups along the way, but this stuff is only going higher...

THE PROFIT · 10-02-10, 11:23 PM

I have several .999 ounce silver coins from the 80's back when I was a collector somewhat of coins. Im in Johnson City, TN so see who is giving the best price in my area

Doug · 10-02-10, 11:36 PM

Originally posted by THE PROFIT

I have several .999 ounce silver coins from the 80's back when I was a collector somewhat of coins. Im in Johnson City, TN so see who is giving the best price in my area

like ASE's ?

This should be easy ! I'll first get a quote from my local guy, Steve on buying common junk silver 90% and ask about ASE's in low quantities, I expect him to be at about 14X on junk silver....I'm not sure exactly how ASE's trade as to who pays the commissions and such, but it must be at least $21 to the seller at $22 silver.

I'll pm you.

THE HITMAN · 10-02-10, 11:42 PM

Good info, Doug. You're right on the money with it, so to speak. I am going to a show tomorrow, might sell off a little bit, I usually do when it jumps. Or swap some for key piece I need/like.
Have they started to "discount" dateless SL Q's in your area yet? Some are doing so here for more than a roll or so......due to the weight.
Hey, PM me, maybe we can talk shop sometime.

windwind · 10-02-10, 11:46 PM

good to know

jeffksu · 10-02-10, 11:50 PM

great info...doug..makes me want to get all my stuff out of the closet and see what I have and how much....thanks for the info...

Doug · 10-03-10, 12:35 AM

Originally posted by THE HITMAN

Good info, Doug. You're right on the money with it, so to speak. I am going to a show tomorrow, might sell off a little bit, I usually do when it jumps. Or swap some for key piece I need/like.
Have they started to "discount" dateless SL Q's in your area yet? Some are doing so here for more than a roll or so......due to the weight.
Hey, PM me, maybe we can talk shop sometime.

Dateless type 2 SLQ's weigh less as do wafer thin Barber coins, no discount locally but that is within reason, IMO.

Exactly what is junk silver changes with Silver now over $20/ ounce. Stuff like WL Halves from the 40's in Fine or so is Junk ( hate to admit that). I always held worn SLQ's, to see them as sub-junk hurts.

If you want to talk coins, I'm Doug21 at

Coin Talk

https://www.cointalk.com

Coin Talk Forum

I made a thread there about that recently, I'll link it, no need for PM convo. join the forum if you want to talk coins !

Doug · 10-03-10, 12:42 AM

Originally posted by THE HITMAN

Good info, Doug. You're right on the money with it, so to speak. I am going to a show tomorrow, might sell off a little bit, I usually do when it jumps. Or swap some for key piece I need/like.
Have they started to "discount" dateless SL Q's in your area yet? Some are doing so here for more than a roll or so......due to the weight.
Hey, PM me, maybe we can talk shop sometime.

If you want to talk coins with me , do it at cointalk.....

relevant thread.....

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http://www.cointalk.com/showthread.php?t=131882&p=1005423&highlight=#post1005423

Doug · 10-03-10, 12:58 AM

Originally posted by jeffksu

great info...doug..makes me want to get all my stuff out of the closet and see what I have and how much....thanks for the info...

You're a favorite poster of mine, I also met you at a BASH, if you remember ?

As to coins, I'm always there to help an amateur, hate to see anybody get ripped off on anything !

The earlier poster should join Cointalk if he wants to talk about dateless SLQ's in depth.

mvp123 · 10-03-10, 01:06 AM

hey doug i have awhole bunch of old coins and stuff and mint sets that are still in the cases that were never even opened up from the 60s on up .i got them from my aunt a few yrs ago and just threw them in the closet , ill dig them out soon and tell you exactly what i have and maybe you can advise me on what i should get for them cuz i know nothinhg

Doug · 10-03-10, 01:50 AM

Originally posted by mvp123

hey doug i have awhole bunch of old coins and stuff and mint sets that are still in the cases that were never even opened up from the 60s on up .i got them from my aunt a few yrs ago and just threw them in the closet , ill dig them out soon and tell you exactly what i have and maybe you can advise me on what i should get for them cuz i know nothinhg

I'm willing to help you evaluate the stuff at no charge,more likely that you have PROOF sets, instead of mint sets IMO. Hopefully stuff earlier than about 1968 ?

Photos would be of great help. Example would be a 1968 Proof set is of minimal value. not even $10. Don't get your hopes too high, IMO ! I'm not a buyer , but by the initial description it sounds like very common stuff. What you really want is a large quantity of pre 1965 Silver coins....

The Proof sets might seem to be best thing to you ( a novice, I presume ?), but are likely of minimal value. The other stuff is where the value might lie.

That's the quickee analysis.

I'll do better with better info ! I need to know more to evaluate better than that. It's like asking what a car is worth.....is it a new Ferrari or an old Pinto ?

A run of Proof sets starting around 1968 isn't great. You might have a few hundred to a few thousand ( unlikely) there depending on how complete it is ( any gold ?).

Info lacking. Mint sets exist, but I think you have Proofs ???

Doug · 10-03-10, 01:58 AM

are they in hard plastic cases or soft plastic film-like envelopes ?

THE HITMAN · 10-03-10, 09:57 AM

Originally posted by Doug

If you want to talk coins with me , do it at cointalk.....

relevant thread.....

http://www.cointalk.com/showthread.p...t=#post1005423

K, thanks for response...........But, I'm not too much of a one, tho, to go discussing what I have or don't online, for obvious reasons. Thought maybe we could chat otherwise, e mail, or something, maybe swap a thing or two. Thanks anyway

Data · 10-03-10, 12:05 PM

If Doug volunteers to post the buy/sell prices on posters' coins, as a community service, I am willing to buy silver at Doug's no-vig lines. The posters pay domestic postage.

Doug · 10-03-10, 12:40 PM

Originally posted by THE HITMAN

K, thanks for response...........But, I'm not too much of a one, tho, to go discussing what I have or don't online, for obvious reasons. Thought maybe we could chat otherwise, e mail, or something, maybe swap a thing or two. Thanks anyway

Security is not a problem. Nobody knows your real name and location if you post at a coin forum, Hitman. I'm not a coin dealer, I sold my collection off about 20 years ago but I still follow the hobby a bit. It's a tough area to keep money in ( real numismatic coins), items have to appreciate a lot to overcome dealer's profit margins....less so today with Ebay around.

I don't have anything to swap. I only hold some basically junk silver ( circ. Merc dimes and WL halves mainly). I figure you might as well hold the better junk with some numismatic upside, but it all becomes junk when Silver is high.

PM me if you like, but a forum develops better discussion with dozens/ hundreds of others chiming in.

Doug · 10-03-10, 01:16 PM

Originally posted by Data

If Doug volunteers to post the buy/sell prices on posters' coins, as a community service, I am willing to buy silver at Doug's no-vig lines. The posters pay domestic postage.

Data: If you want to buy try these guys.... see below the next paragraph

Just a moment...

http://www.monex.com/prods/silver_90.html

They do volume. I just called and got their price on a bag ( $1,000 face value). A bag weighs something like 40-50 lbs ( I don't have the exact data). No idea what shipping costs. I expect you could make a firm offer to a local coin dealer or other buyer and demand they match the Monex sell price....and probably get it. Ebay seems a bit above 16X but shipping would kill you on small lots.

You could offer to buy on CL as well. 15X might get you some, esp. if the buyers lowball in your area.

Monex prices
buy is $15,199
sell is $16,215

silver is at $22.09 per troy ounce. The bag theoretically melts at $15,980 but would be less with wear on the coins. less than bag quantities are certainly possible

15X to 15.5 X would seem to be a fair price for you to offer, IMO. I expect my local guy to be around 15X buy, 16.5 X sell perhaps ? quantity matters like anything else.

I wouldn't buy or sell with a poster....it's just not efficient on small quantities with postage and insurance, etc. Large amounts become a trust factor....

right now at $22.09. I think 15.5X is a fair no-vig price. You can't expect to get that selling, or pay that buying.

Note halves of 1965-69 are 40% silver, not 90%

Silver dollars pre 1936 contain more silver than $1 in smaller denominations and have some numismatic appeal above melt value in any condition.

Data · 10-03-10, 01:31 PM

Doug, note the "community service" part. I buy from Tulving if you get the drift.

Doug · 10-03-10, 01:31 PM

Another way ( not so honest) to get some Silver is to just advertise that you "buy coins".

Guys are doing that today at a hotel nearby today and paying 5X.

Check out this "Military antiques dealer" that put "buy coins" on his business card. He knows nothing but probably stole 5-6k worth of coins for 1k ?

Just came across 20 POUNDS of Pre 64 SILVER coins. What shoud I do with them?? VALUE?

http://www.cointalk.com/t130256/

Hi Folks, First post here and wanted to pick yall brain. I'm not a coin collector but a military antiques collector (WW1/2 US, German and Japanese...

Doug · 10-03-10, 03:50 PM

Originally posted by mvp123

hey doug i have awhole bunch of old coins and stuff and mint sets that are still in the cases that were never even opened up from the 60s on up .i got them from my aunt a few yrs ago and just threw them in the closet , ill dig them out soon and tell you exactly what i have and maybe you can advise me on what i should get for them cuz i know nothinhg

I'll gladly help you evaluate the stuff as an impartial party. I have no intentions of buying your stuff. In fact I'd suggest you not consider any offer from an online source.

Again, I don't want it !

mr. leisure · 10-03-10, 04:14 PM

I have a 100 ounce silver bar i might need to sell .What price should i be looking for with silver at $22.09 ? Can i expect around $2100 from a coin shop ?

Data · 10-03-10, 05:20 PM

Originally posted by mr. leisure

I have a 100 ounce silver bar i might need to sell .What price should i be looking for with silver at $22.09 ? Can i expect around $2100 from a coin shop ?

Slightly depends on a mint, $2150 and up, I would guess.

mr. leisure · 10-13-10, 01:25 PM

Originally posted by mr. leisure

I have a 100 ounce silver bar i might need to sell .What price should i be looking for with silver at $22.09 ? Can i expect around $2100 from a coin shop ?

Today It`s $ 23.95 what do think doug ? What price should i be looking for ,i beleive its johnson/ matheney ??

thanks data

mr. leisure · 10-13-10, 04:07 PM

bump for doug

mr. leisure · 10-14-10, 12:44 PM

One more bump

blackbeSSt · 10-14-10, 12:50 PM

here's some prices to compare with

http://completed.shop.ebay.com/i.html?MA2ShowItems&_trksid=p3286.c0.m283&_rdc=1&rt=nc&_fln=1&_nkw=100+oz+silver+bar+johnson&LH_Complete=1&guest=1

edit: in case you can't log in here are some prices of complete 100oz bars in your model

$2575
$2502
$2425

so if you can get close to that in a store take it. no stupid fees or shipping to god knows where!

Data · 10-15-10, 01:07 AM

Originally posted by mr. leisure

Today It`s $ 23.95 what do think doug ? What price should i be looking for ,i beleive its johnson/ matheney ??

thanks data

If your bar is in the box and looks fine you can get between 99% - 100% of the spot (market) price.

mr. leisure · 10-15-10, 01:22 AM

Originally posted by blackbeSSt

here's some prices to compare with

http://completed.shop.ebay.com/i.html?MA2ShowItems&_trksid=p3286.c0.m283&_rdc=1&rt=nc&_fln=1&_nkw=100+oz+silver+bar+johnson&LH_Complete=1&guest=1

edit: in case you can't log in here are some prices of complete 100oz bars in your model

$2575
$2502
$2425

so if you can get close to that in a store take it. no stupid fees or shipping to god knows where!

I saw that last week where silver is selling on ebay for more than the market price

I`ve never sold anything on ebay so i don`t want to take the chance of getting scammed that`s why i was asking about a coin shop if the price is near that i`ll probably do it

illmatick · 10-15-10, 01:24 AM

looking to sell what i have left.

stikymess · 10-15-10, 01:28 AM

Thanks for the info.

mr. leisure · 10-15-10, 01:29 AM

Originally posted by Data

If your bar is in the box and looks fine you can get between 99% - 100% of the spot (market) price.

Their not in a box but i think they look fine .

I have 1 engelhard and 1 johnson / matthey

How high do you think the price could go data ? It`s $24.63 today

Outlawdino · 10-15-10, 06:27 AM

Doug is on top of things with is info. The numbers have been changing rapidly as silver and gold have made great gains this year. The coin shop I work at is currently paying 16X face for 90% U.S. silver coins...we have been selling them 1.5 over our buy. Those numbers are adjusted as silver goes up or down. And to reiterate Doug's point on these circus shows that come around to the hotels...they buy at low prices so make sure you check with your local dealer so you don't get ripped off.

As for what you can expect to get for your .999 silver bullion, shop around...for the longest time we were paying spot for bullion then went to 25 cents under spot, and currently 50 cents under spot. If you have a "household name" such as Silvertown, Engelhard or JM you should not have a problem selling any 100 ozt bars. Some bars look like they were poured in a garage, so be wary of buying them because you may have a hard time selling them.

To all of you who bought gold/silver in the past and held onto it, congrats on your profits. To those who are just getting into the game of buying, get ready for an exciting ride. Although bumps and corrections are always expected, gold/silver have broken through a few phases of resistance and projections look great for those who are still buying for the long term.

Data · 10-15-10, 01:52 PM

Originally posted by mr. leisure

Their not in a box but i think they look fine .

I have 1 engelhard and 1 johnson / matthey

How high do you think the price could go data ? It`s $24.63 today

Engelhard is a good mint too. Short term, I expect a correction to $24 or lower. Long term, the sky is the limit. This is guaranteed as the USD has no other way to go but down. Which means that the prices on everything, precious metals included, will go up. I recommend maxing out CCs and using other borrowing opportunities before selling gold and silver. Their price increase will compensate for interest paid on loans.