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Powderfinger
October 22, 2010, 18:10
I found a couple '64 Kennedy half dollars while cleaning out some boxes in the garage. I checked on the silver content value yesterday. It was around $8.38 each. Today it's $8.42.
I walked in off the street to a local coin dealer's shop (only one in town) to sell them, expecting he would offer to buy at 90% or a little less of spot value, say $15. He offered $14, which is 83% of the silver content value.
Is this the norm? If I had a hundred coins would his percentage offered have been higher? I asked him if he had a rule of thumb on spot price percentage for what he offers if I brought in more later, and he said "Call me".
This was the first time I sold junk silver.

ephv
October 22, 2010, 18:18
That's about right. Go to GoldMasters.com and check their buying and selling prices. They are about average.

http://www.goldmastersonline.com/default.asp

They are showing $14.96 as of 7.20pm 10-22-10.

JR in the NW
October 22, 2010, 20:28
Sell them to me and I'll give you 90 percent.

toolman5256
October 22, 2010, 21:56
just out of curiousity the 1966-1971 coins were 40% silver, is anyone interested in them?

Powderfinger
October 22, 2010, 22:03
Originally posted by toolman5256
just out of curiousity the 1966-1971 coins were 40% silver, is anyone interested in them?

Silver is silver. Instead of 1 cent worth of copper in the coin, there is more like 2. :wink:

Buy price was $5.49 per $1.00 face value yesterday at the Goldmasteronline site.

hawk962
October 23, 2010, 09:02
1965 - 1970 half dollars are running about 6.8 times face value now.

Here's a good site to track the worth based on PM price.

http://www.coinflation.com/

By the way, 1982 and prior pennies are running 2.5 cent now.

Powderfinger
October 23, 2010, 11:10
Originally posted by ephv
That's about right. Go to GoldMasters.com and check their buying and selling prices. They are about average.

http://www.goldmastersonline.com/default.asp

They are showing $14.96 as of 7.20pm 10-22-10.

Great link. Thanks!