Rally day and slipping fast
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Official ODT Silver Thread
- Thread starter roscoe1911
- Start date
Folks are taking profits today
I'd start with the more collectible. Numismatic values are far less volatile than melt values.
I do have one serious question though, what is a good multiplier for old US 90% circulated coins? Same question for the 40% silver half dollars? How many times "face value" should these sell for? I've got quite a few bags of this stuff, Barber, Mercury, Walking Liberty, Roosevelt, Washington, Kennedy . . . .
How much should $10 face value go for?
Z
I bought some at $110, but it was about 6 months ago.
Checked one of my dealers for this weeks prices....90% silver quarter rolls are $192.00, so up $82 on the quarter rolls I bought 6 months ago. Eye-opening.
Checked one of my dealers for this weeks prices....90% silver quarter rolls are $192.00, so up $82 on the quarter rolls I bought 6 months ago. Eye-opening.
To figure 'melt' price of 90% silver coins, take the spot price of silver and multiply by .7234.
Example: You have $25.00 face value of silver coins (halves, quarters, dimes). Kitco says silver closed at $28.32 an ounce (Bid price).
$28.32 x .7234 = 20.48. So, $25 (face silver coins) x 20.48 = $512.
What that brings when you buy (or sell) depends on how much of a premium (or discount) the buyer (seller) agree to.
As for the 40% Kennedy Halves, they contain 0.1479 oz. of silver. With Silver spot at $28.32, the 1965-1970 halves are worth $4.19 each.
Spot is at $29.44 today
I love it!
