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Cody8404
Penny Hoarding Member
USA
602 Posts |
 Posted - 09/23/2007 : 16:19:46
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Silver Dollars
I have found a very interesting thing. If you want to get a good silver dollar common date silver dollars are now going for $25 and up for a coin in good shape, even common dates.
I have found that there is a very small area of the coin collecting world that is currently being ignored.
In the early 1980’s the US government reintroduced the commemorative coin. The government it looks was planning of getting rich by selling commemorative coins, but they produced way too many. Now these are mostly cast offs. These were produced in silver and are much cheaper to buy than the older coins. I have found some good deals $12-15 for these collectible Dollars 1983, 1984, 1988. The Half Dollar Commemoratives from the 1980’s are also silver and I have found the Statue of Liberty Half Dollars for $5 even now.
Some are coins have better eye appeal than others, but they are all dollars and relatively cheap compared to other silver coins. [/font=Tahoma] [/font=Times New Roman] [/size=2] [/black]
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Gresham
Penny Pincher Member
184 Posts |
 Posted - 09/23/2007 : 22:56:41
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Where are you seeing these for sale at this price range?
Obviously not from the mint, since these are "old" issues. |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
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jello_g
Penny Sorter Member
Canada
41 Posts |
Posted - 09/24/2007 : 10:33:13
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| The proof looks awesome. What's the composition of these coins? |
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n/a
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192 Posts |
Posted - 09/24/2007 : 23:04:25
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"What's the composition of these coins?"
That, as Hamlet might say in this situation, is THE qwestion.
A coin issued by a government and declared "legal tender" with a police force to protect against counterfieting, "greases the wheels of commerce".
But, a coin of unknown composition throws sand into the gears of commerce.
This is why a society cannot function with coins of un-known and un-backed values.
This realization leads to paper money, does it not?
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Don't believe everything you think. |
Edited by - n/a on 09/24/2007 23:05:37 |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 09/25/2007 : 17:03:45
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You must be logged in to see this link.
Composition of US Modern Commemorative Coins
Type-Dollar
Total Weight-26.73 grams
Diameter-38.1 mm (1.50")
Content-90% Ag(silver), 10% Cu(copper)
Weight of Precious Metal- 24.057 grams Silver (0.773 Troy oz)
If you don't trust Wikipedia or the US Mint you can always take the coin to a jeweler to assay the content of the coin.
Just say you want to turn the coin into a necklace but you want to be sure it is .900 fine silver (90%) and not, say, .897 or .898.
If you buy these coins from the mint or a dealer the coins should come with a paper listing the coin's content.
I happen to buy circulated silver Morgan and Peace dollars for $15 each. Would you say that is a fair price?
Starve the Trolls, don't feed or encourage them.
Destroy the Moonbat breeding caves.
Moonbat, A winged troll. |
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jello_g
Penny Sorter Member
Canada
41 Posts |
Posted - 09/26/2007 : 04:35:54
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pencilvanian, thanks for the info!
Why are you paying so much for your Morgan and Peace dollars? They are common are they not, and as such, worth melt at most? |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 09/26/2007 : 14:02:00
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My seller sells Peace or Morgans for $1 over scrap and buys for scrap (the last time I bought the price was $14.50, sorry I didn't metion it before). The seller has the right to make a profit or they don't stay in business.
I am not complaining, since coin dealers tend to sell for numismatic value instead of scrap value. Besides, I pay cash and get the coins right away, no need to worry about delayed shipment or paying S&H.
I suppose I could get a better deal buying in bulk/larger quantities, but my paycheck can get stretched just so far before it starts to pinch my quality of life, and I try to avoid using plastic as much as possible.
Starve the Trolls, don't feed or encourage them.
Destroy the Moonbat breeding caves.
Moonbat, A winged troll. |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 09/27/2007 : 09:24:26
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My seller will sell common date (no numismatic value) Morgans and Peace for a couple of dollars over melt, if you buy in bulk (200 plus at a time). Otherwise, to buy just a few silver dollars it is 3.50 over melt. Either way, even at today's melt of about 10.40 for a Morgan or Peace, you can see that these are good prices. But, if one is only trying to accumulate junk silver for WTSHTF purposes, Morgan and Peace dollars are an expensive route. I can get junk silver dimes for only 5% to 7% over melt value. Dimes are the best value I have been able to find in junk silver.
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." - Robert Ruark |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 09/27/2007 : 09:49:59
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You can buy silver coins in bulk with shipping included for melt value or just under, but I can't say that I have ever specifically seen Silver Dollars sold that cheap. I have seen halves (90%s and 40%s), quarters, and dimes.
Mr. Tulving generally has the best prices on the web and he has an excellent reputation for both buying and selling. His only drawback is that he only does bulk sales and he has a limited selection.
You must be logged in to see this link.
He currently has quarters and dimes for $13.38 per Oz of pure silver shipped and 40% halves for $13.41 per Oz of pure silver shipped.
If you want to buy cheaper than Tulving's prices, you pretty much have to go to his source...which I believe is Monex. Of course, his business "happens" to be near Monex and I am no where near Monex. And the good service he provides is worth the small premium that he charges.
You must be logged in to see this link.
By the way, I am pretty sure that a few years back Tulving and Monex was selling the same type of coins for 5% or so under melt, but I guess demand has picked up.
Also if you are like me, you almost never buy locally, because sales tax kills pretty much every deal... |
Edited by - horgad on 09/27/2007 10:04:04 |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 09/27/2007 : 14:30:58
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| You folks must have more money than I. Most of the time when I buy silver I get 1-3 coins. Very rarely have I bought more than 3 coins at a time. Same goes for the cents. I may be able to get a box every two to three months. This car load every week is far beyond my finances. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 09/27/2007 : 19:39:15
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Limited budget here too, Cody8484, I buy when I have the money saved up.
Buying locally in Pennsylvania isn't so bad, especially since they did away with sales tax on bullion & coins. (Also I pay in cash, so no paper trail.)
I do a little better on gold prices than silver, though my gold buying is on hold right now until I save up enough.
Starve the Trolls, don't feed or encourage them.
Destroy the Moonbat breeding caves.
Moonbat, A winged troll. |
Edited by - pencilvanian on 09/27/2007 19:40:48 |
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n/a
deleted
38 Posts |
Posted - 11/17/2007 : 20:33:05
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| I do not pay any sales tax here in IL, so I always buy local even if Littleton or APMEX has cheaper prices. I can sometimes buy at melt, but my coin shop is variable and I have been charged more-- it's a cr@p shoot. |
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n/a
deleted
3 Posts |
Posted - 12/08/2007 : 11:03:09
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Hello Pencilvanian:
Are you still buying silver dollars at $15 a piece? If so, I have approx 30-40 I'd like to sell.
Please let me know.
Thanks!
JVF |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 12/08/2007 : 13:39:47
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Welcome to the forum JVF.
I sent you a Private email concerning the silver. |
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n/a
deleted
3 Posts |
Posted - 12/09/2007 : 09:37:28
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Hello Pencilvanian:
I checked the e-mail address I supplied when I signed up on this forum, but do not see a message. Should I just leave my regular JUNO email address on my next post so you can write me there?
Thanks
JVF |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 12/09/2007 : 15:10:14
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I left the message in your "private messages" box.
Just click on the "private messages" and it should come up. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
 Posted - 12/17/2007 : 21:07:06
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quote:
Originally posted by Cody8404
You folks must have more money than I. Most of the time when I buy silver I get 1-3 coins. Very rarely have I bought more than 3 coins at a time. Same goes for the cents. I may be able to get a box every two to three months. This car load every week is far beyond my finances.
Once you get the first car load it's easy. Just cash in that car load to buy the next car load.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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n/a
deleted
3 Posts |
Posted - 01/04/2008 : 15:52:20
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Hello Pencilvanian.
Still interested in purchasing silver dollars for $15 each? If so, please let me know. Hope your holiday season was a good one.
Joe |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 01/05/2008 : 11:33:24
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I sent you an e mail JVF, just waiting for your reply.
Not to let this thread just end here, I pose this question-
I saw for sale a silver Eisenhower dollar for $6, the silver clad Ike that is. (Coin weight, .3161 oz silver)
Is that a good price for such a coin or is there too high a markup for it? It was a proof coin so that might add to the sale price.
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Edited by - pencilvanian on 01/05/2008 11:40:00 |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 01/06/2008 : 18:32:03
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When it comes to silver I do not like Ike. The reason is that there are copper as well. If someone wanted to sell me a Silver Ike I would be very suspicious.
I like the silver Morgan and Peace Dollars, and even the commemoratives. You can look these up in a red or blue book and see that they are really what you say they are, but Ike could be either.
Unlike the JFK halfs which you can tell, 1964 is 90% silver, and 1969-1970 is 40% silver the Ike can be either in any given year.
I keep these things in mind because the reason we are holding onto this stuff is that we all think in the near future we will be able to sell, or trade these commodities for a premium. If no one is willing to take my silver dollar for more than a dollar I have lost the reason for saving it.
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Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 01/06/2008 : 18:58:53
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quote:
Originally posted by Cody8404
Unlike the JFK halfs which you can tell, 1964 is 90% silver, and 1969-1970 is 40% silver the Ike can be either in any given year.
True, but one quick look at the mint mark and you know. Silver has "S" mint mark for San Fransisco. The years 1971, 1972, 1973, 1974, and 1976 with the "S" mint mark are 40%. Only problem I have with them is the size to quantity ratio. If you have some you don't want....PM me. Silver is silver....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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just carl
Penny Hoarding Member
USA
601 Posts |
Posted - 01/08/2008 : 11:00:32
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You must be logged in to see this link.
Composition of US Modern Commemorative Coins
As noted by Pencilvanian. However, no where near complete statements. Check out the Red Book, pages 24 to 322 and find commemoratives made from just about everything. Composition quantities and proportions also vary massively.
I've seen SO CALLED Silver dollars selling for anywhere from a few dollars to whatever you can afford. I've even purchsed an 1881S Silver Dollar for $1. Of course it was embedded in plastic as a paper weight.
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Carl |
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Metalophile
Penny Collector Member
USA
320 Posts |
Posted - 02/08/2008 : 11:15:22
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quote:
Originally posted by just carl
You must be logged in to see this link.
Composition of US Modern Commemorative Coins
As noted by Pencilvanian. However, no where near complete statements. Check out the Red Book, pages 24 to 322 and find commemoratives made from just about everything. Composition quantities and proportions also vary massively.
I've seen SO CALLED Silver dollars selling for anywhere from a few dollars to whatever you can afford. I've even purchsed an 1881S Silver Dollar for $1. Of course it was embedded in plastic as a paper weight.
Yes, be careful. Many of the modern half dollar commemoratives are cupronickel, bleech! Modern silver dollar commems after 1982 from the Mint are all the traditional 90% coin silver, same weight as Morgans and Peace dollars. Some of the Ikes were 40%, I believe. I seem to remember that was the case for some of the silver bicentennials. |
Metalophile |
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 03/30/2008 : 22:53:00
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I've been waiting to pounce on a silver deal with the recent pullback and found one this weekend. I deal almost exclusively with one coin shop (unless I'm at a show or occasional e-Bay purchases. I keep looking for bargains.
I was able to buy a large quantity ( >100 ) of modern commem proof and unc silver dollars ( 0.77344 oz per coin) at the flat rate of $12.50 per coin. About 40% of the total were 1986 Statue of Liberty dollars, but there were a few better ones sprinkled in the lot, too.
I helped to clean out his inventory as we threw away all of the velvet US Mint boxes as they just aren't worth saving by either him or me.
One of the better deals I've made in recent volatile metals times. They'll all be candidates for melting when silver resumes its upward climb about $20+/oz. |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 03/31/2008 : 00:15:16
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| Sounds like a great deal. Funny thing about those fancy boxes. Later on buyers sometimes insist on getting the complete packaging, including the all important "Certificate of Authenticity" Coins without all the packaging garbage sometimes bring less. I remember being offered $5 each for my Proof 1 oz Gold Eagle velvet cases and boxes. They sure do store a lot easier without all that packaging though. I just box up all the packaging and throw it in the back storage room. The original packaging from some of the early commemorative coins now sometimes brings more than the actual coins. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Cheap Silver Dollars near you
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