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deleted
42 Posts |
 Posted - 08/01/2008 : 09:35:14
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Is $25 face copper worth 3 morgans/peace?
Or is $25 face copper worth $25 dollars and 1oz round/bar .999 silver?
I'm just asking and have no idea.
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Bobby Deese |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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deleted
42 Posts |
Posted - 08/01/2008 : 10:14:38
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| I just mean 3 morgans for the silver value. So ones in bad condition. |
Bobby Deese |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/01/2008 : 13:51:01
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quote:
Originally posted by fhbob
Is $25 face copper worth 3 morgans/peace?
Or is $25 face copper worth $25 dollars and 1oz round/bar .999 silver?
I'm just asking and have no idea.
Whatever you can negotiate... Are you buying or selling? Take a look through the Buy Sell Trade section here and check ebay. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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n/a
deleted
42 Posts |
Posted - 08/01/2008 : 14:50:01
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| I have the pennies, and just wondered how much silver they were worth. |
Bobby Deese |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 08/01/2008 : 16:45:07
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Your #2 copper (pennies), is worth $46.50 at $2.70/lb. today.
3 morgans are worth $40.62 melt value at $17.50/oz. today. |
Beer is my currency. |
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 08/02/2008 : 12:58:54
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quote:
Originally posted by TXTim
Your #2 copper (pennies), is worth $46.50 at $2.70/lb. today.
3 morgans are worth $40.62 melt value at $17.50/oz. today.
As far as resale I thing the silver morgans would be a little better at the moment. Melt may be only $17.50 right now but the premium people are paying for a $1 morgan just in melt is about $19 to $21 each plus an inflated shipping price. As far as the going price for $25 face in copper cents are only yielding about $35 to $40 with only a modest shipping due to the weight. My opinion would be to check out ended listings of junk morgans with shipping prices and multiply by the 3 then make a much wiser decision. |
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tadpole
Penny Sorter Member
63 Posts |
Posted - 08/02/2008 : 16:33:06
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| TXTim: Where are you arriving at the $2.70 figure? |
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 08/02/2008 : 17:02:45
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Melt value isn't the best way to look at it. Actual selling prices are what you should look at. I think it is somewhere between 1.4 and 1.6 cents times face. So at 1.5 each that's $37.50 for your cents while three junk Morgan or Peace dollars are about $40.60. Good deal if you are trading the pennies for the dollars.
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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n/a
deleted
54 Posts |
Posted - 08/02/2008 : 18:32:27
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| Do you have to pay shipping? If you have to ship the $25 in cents, then I wouldn't think its a good deal unless you can do it for $50-$75 in cents. If you don't have to ship, I'd do it. |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 08/02/2008 : 21:46:41
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quote:
Originally posted by tadpole
TXTim: Where are you arriving at the $2.70 figure?
That's what the local scrap dealers are paying for #2 copper around here. Copper pennies are considered #2 copper. |
Beer is my currency. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/02/2008 : 22:06:18
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The price on #2 copper looks about right to me. Supposed melt value would be higher for the pennies, but even if it was legal to melt you would still only get #2 copper price from a metals dealer. Deal is dead on for what the market is valuing copper pennies at right now. I would trade that many pennies myself for the junk dollars if there is no shipping involved.. but of course I have a bigger hoard of copper pennies than my hoard of junk dollars right now and I like to diversify. The cost to ship the pennies would be a disincentive like Wolfgang says unless you were swapping 3 boxes at a time.  |
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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jpf231
Penny Collector Member
USA
340 Posts |
Posted - 08/03/2008 : 08:47:05
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| eh ... it's close ... kind of favor the silver at this moment. |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 08/03/2008 : 16:54:21
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With Silver at $20 an Ounce. If I want to sell a Morgan Silver Dollar to a dealer I would expect $12-13 for it. If I wanted to buy a generic Morgan I would expect to pay $22-25. I don't think the $25 is too much.
This might be a good buy as the cheap silver is disappearing. |
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 - 08/03/2008 : 18:38:46
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quote:
Originally posted by Cody8404
With Silver at $20 an Ounce. If I want to sell a Morgan Silver Dollar to a dealer I would expect $12-13 for it. If I wanted to buy a generic Morgan I would expect to pay $22-25. I don't think the $25 is too much.
This might be a good buy as the cheap silver is disappearing.
But silver is just over $17....
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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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 08/05/2008 : 13:39:34
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quote:
Originally posted by NotABigDeal
quote:
Originally posted by Cody8404
With Silver at $20 an Ounce. If I want to sell a Morgan Silver Dollar to a dealer I would expect $12-13 for it. If I wanted to buy a generic Morgan I would expect to pay $22-25. I don't think the $25 is too much.
This might be a good buy as the cheap silver is disappearing.
But silver is just over $17....
Deal
Even with silver at $17 and the dollar coins only containing 90% silver they are still getting over melt price on ebay. Check out ended auctions to see at $17 an ounce for pure silver, a junk morgan can still fetch about $18 plus shipping. All this even when the value of actual silver content is $12-$13 a coin. It blows my mind how a #2 copper penny can sell under melt like it does when a #2(in my book) only 90% silver dollar can get more than melt.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 08/05/2008 : 17:24:35
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SANITARIUM INMATE, I don't generally shop eBay. Too high prices obviously. I only shop local, or pick online good deals. I'll tell you what, I have never sold a single penny, but if you want to buy my coppers at melt they are yours.... I'll trade you for your #2 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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PennehChaos.
Penny Collector Member
USA
269 Posts |
Posted - 08/06/2008 : 11:11:29
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Silver bounces around so much that it's hard to keep track of on a daily basis!
i tend to take more than just raw market price into consideration... Coppers are still circulating (more or less... i've been getting skunked a lot lately). On the other hand, once in a very long while somebody will get lucky at a bank, but for the most part, the days of picking up Morgans at face are looooong past. i also like the Morgan design a lot more than the Linc.
i also bottom-feed ebay, so i've gotten Morgans and Peace dollars at melt, and gotten XF+ ones in the $15 range (including shipping).
But for a face-to-face transfer (no shipping), i'd trade copper for silver on those terms any day of the week... |
Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead? |
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 08/07/2008 : 11:35:11
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quote:
Originally posted by NotABigDeal
SANITARIUM INMATE, I don't generally shop eBay. Too high prices obviously. I only shop local, or pick online good deals. I'll tell you what, I have never sold a single penny, but if you want to buy my coppers at melt they are yours.... I'll trade you for your #2 silver....
Deal
I wish I had a lot of either copper or silver right now. I only just picked up my largest order of only 2 $25 boxes of pennies yesterday. |
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 08/07/2008 : 11:57:00
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quote:
Originally posted by NotABigDeal
SANITARIUM INMATE, I don't generally shop eBay. Too high prices obviously. I only shop local, or pick online good deals. I'll tell you what, I have never sold a single penny, but if you want to buy my coppers at melt they are yours.... I'll trade you for your #2 silver....
Deal
I wish I had a lot of either copper or silver right now. I only just picked up my largest order of only 2 $25 boxes of pennies yesterday. |
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Is this a good deal?
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