| Author |
 Topic  |
|
|
novillero
Penny Sorter Member
USA
86 Posts |
 Posted - 01/23/2009 : 08:38:44
|
Has anyone read about the difficulty of getting the silver out of 35% and 40% coins? I have seen this written on forums, but never read an article on it.
If this is true, are collecting these 35-40% silvers worth it?
Be interested to hear the feed back since I know a lot of people on here coin roll hunt for halves.
|
|
|
ME CO
Penny Pincher Member
USA
199 Posts |
Posted - 01/23/2009 : 08:47:51
|
| I'll pay shipping and .50 for every one ya can scrounge up. HH Mark |
"54/54/2280" |
 |
|
|
goodcents
Penny Hoarding Member
USA
504 Posts |
Posted - 01/23/2009 : 08:51:31
|
well worth your while. One or two may not make a huge deal but multiple rolls are well worth the time.
Joe |
|
|
|
slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 01/23/2009 : 09:10:35
|
| check out APMEX.com and check the prices on 40% junk silver bags, you be the judge. If you don't want them i'll take em. |
You don't have to be the BEST you just have to be.......SLICK
|
|
|
|
horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 01/23/2009 : 09:22:54
|
Don't worry about the difficulty of refining them. They are priced as silver coins and mostly not refined, but rather sold as silver coins. Any premium/discount that they carry because they are 40% vs 90% is already priced in.
For example, the current buy price on bulk 40% half dollars is Spot + 69 cents and the current sell price is spot + 25 cents. If silver goes up 10%, your 40% coin buy and sell prices just went up 10% assuming that demand stays about the same. Demand and other factors like refining difficulty is already priced into the premiums.
Premiums and buy/sell spreads change with demand, but the spot price portion of the price mirrors silver exactly no matter if you buy 90%, 40%, or 100%. So ideally buy a silver item when both silver and demand for the specific item are about to increase. Or for simplicity sake buy the lower premium items and diversify to reduce your risk of gettin burned if demand drops for a specific silver item.
Hope that helps.... |
|
|
|
JerrySpringer
Penny Hoarding Member
669 Posts |
Posted - 01/23/2009 : 11:07:20
|
| Speaking of silver, I see SLV is at 11.75 right now. |
|
|
|
goodcents
Penny Hoarding Member
USA
504 Posts |
Posted - 01/23/2009 : 12:04:42
|
YEAH BABY!
|
|
|
|
Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 01/23/2009 : 12:45:50
|
I have a few around.
The reason I like them is to use them when the first wave of inflation and price controls hit. When the dollar starts dropping, but the government tells the stores you can not raise the prices.
My plan is to use these 40% coins to get what is needed. Yes, they have some silver, and they will also fill peoples need for using the coins they have always used.
They are also silver and enough people know the silver content of them they can be traded and used as needed.
I see them as cheap silver.
|
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. |
|
|
|
wagsthadog
Penny Hoarding Member
USA
565 Posts |
Posted - 01/23/2009 : 12:46:04
|
Hi there-
When I come across significant amounts of 40% or war nicks I sell them, and it's not my first choice, but BELIEVE ME, ANYTHING with silver in it is well worth your time.
wags |
Only when they CAN'T have it, ......THEN they'll want it.
I love Cents. If you get an UNC box, you win. If you get a regular circ. box, you win. If you get a zinc box, you don't lose....so you still win. |
|
|
|
scooter
Penny Pincher Member
240 Posts |
Posted - 01/23/2009 : 12:57:14
|
| i bought 33 kennedys 40% not to long ago. i bought them for the silver content. I got them for a steal. About 9 of them were Au. I recently listed the 9 au ones on ebay and they sold for 47.00 . I will buy again if i find a deal on Au coins. I was hesitant but after this experience i will keep my mind open to the 40%ers. |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/23/2009 : 13:08:23
|
| Sad to say, but 35% silver war nickels are a real pain for the refiners due to their alloy. As I understand it, 40% halves aren't at all. Remember, this comes form the nickel guy. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 01/23/2009 : 14:29:17
|
| Sure they are worth it if you cant get any other form of silver for some reason, or if you get them from half hunting and paid face value plus time. :) |
My hobby: collecting real money 1 copper cent or nickel at a time.
|
|
|
|
Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 01/23/2009 : 14:34:56
|
quote:
Originally posted by novillero
If this is true, are collecting these 35-40% silvers worth it?
No, not worth it, no way!
Never save any 40% silver coin.
Don't beleive the prices you see for 40% coinage.
The more you leave for me to find the better.
;) |
There's profit if you melt things!!
8{> |
|
|
|
n/a
deleted
105 Posts |
Posted - 01/23/2009 : 14:35:21
|
| The first deal I did here was for a bunch of 40% halves. It put a hefty sum in my pocket. They are definitely worth it, whether buying or selling. |
|
|
|
keys
Penny Collector Member
383 Posts |
Posted - 01/23/2009 : 19:49:11
|
You must be logged in to see this link.
These guys seem interested in refining 40% halves.
If they can do it, and do it for a profit, I suspect other refiners can too.
The thing to keep in mind is this-
If you refine 40% coins yourself you will have problems,
if you let the professionals refine 40% coins for you they have the problems, not you, but since they are the experts on refining they will know how to get the job done with few if any problems. |
I change with the times-
but like silver coins found in your change
I stay the same.
*****************
The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
|
|
|
keys
Penny Collector Member
383 Posts |
Posted - 01/23/2009 : 20:01:26
|
Concerning war nickels-
You must be logged in to see this link.
"Arch Enterprises can refine the silver from all types of silver coins including minted coins. Please contact us for a free estimate of your coin collection’s silver value."
Looks like they will take them for refining, but I would suspect that they would charge a fee since War nickels are lower in silver than most other silver coins.
It is nice to know there is a buyer for 35% silver coins, but War Nickels, like junk silver, have a greater value as coins to be traded for their silver content than for their melt value.
One can always sell junk silver/war nickels to someone else and the buyer will know the purity of silver they are buying, no doubt about it.
|
I change with the times-
but like silver coins found in your change
I stay the same.
*****************
The United States of America started out as the new Republic of Rome.
Will The United States of America end up as the New Imperial Rome? |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/23/2009 : 21:05:54
|
quote:
Originally posted by CoinHunter53562
Sure they are worth it if you cant get any other form of silver for some reason, or if you get them from half hunting and paid face value plus time. :)
They sure are worth sorting for and obtaining at face value. But when someone pays full spot for 35% war nickel's silver value that's not a great deal in my opinion. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
n/a
deleted
84 Posts |
Posted - 01/23/2009 : 21:45:57
|
| I think hoardng 40% doesn't make sense. I'm all for finding them by sorting but I immediately sell them and use the profits to get more .999 bullion or at the lowest 90% |
I currently have no signature. |
|
|
|
oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 01/23/2009 : 22:06:37
|
| Hoarding 40's is ok. The ratio of 40 value to 90 value to 999 value will never change, so whether you sell now or later you will get the same amount. |
|
|
|
fb101
Administrator
USA
2856 Posts |
Posted - 01/23/2009 : 22:16:36
|
I'll give $3.50 for an ounce of silver anyday in any form.
That include 40% and war nickels.
When the day comes, there will be a use for them because silver change for that 90% will be just as hard to come by.
If I'm paying in silver I won't be taking cupronickel in change. |
 |
|
|
|
Dan52
Penny Collector Member
USA
422 Posts |
Posted - 01/24/2009 : 14:25:31
|
I quit searching for war nickels. I wasn't finding but one every three boxes of nickels. I am still in the hunt for 40% halves. I just bought a $430.00 bag of halves from a local bank. The results:
40% halves - 134
90% halves - 2
In terms of silver coins to cupronickel coins, this is probably the best score I have made. I will admit to a little disappointment because of the small amount of 90% halves, but I'm happy with the large number of 40% halves. One of them was a 1970s. |
|
|
|
ME CO
Penny Pincher Member
USA
199 Posts |
Posted - 01/24/2009 : 17:31:58
|
quote:
Originally posted by Dan52
In terms of silver coins to cupronickel coins, this is probably the best score I have made. I will admit to a little disappointment because of the small amount of 90% halves, but I'm happy with the large number of 40% halves. One of them was a 1970s.
Congrats on the '70S. I have found 9 '70D's and have yet to fill the '70S hole in my Dansco. HH Mark |
"54/54/2280" |
|
|
|
Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 01/24/2009 : 23:17:58
|
quote:
Originally posted by ME CO
quote:
Originally posted by Dan52
In terms of silver coins to cupronickel coins, this is probably the best score I have made. I will admit to a little disappointment because of the small amount of 90% halves, but I'm happy with the large number of 40% halves. One of them was a 1970s.
Congrats on the '70S. I have found 9 '70D's and have yet to fill the '70S hole in my Dansco. HH Mark
Yes, they are still out there waiting for me!
Thanks for these two posts, I'm sure I'll find those elusive '70's now.
All I have to do is sort more faster.
Unless either of you would care to trade for a Half you might want,
Walkers, Bens, proof Kennedys???? |
There's profit if you melt things!!
8{> |
|
|
| |
Topic |
|
are 40% worth it?
Forum Locked
