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What's a fair asking price for dug silver coins?

Dan(NM)

Well-known member
uary 17, 2022 10:36PM Registered: 6 years ago
Posts: 446

I have close to 500 silver coins I'm thinking about selling. I am trying to get an idea of what is a reasonable asking price for dimes, quarters, half dollars and a few Morgan's. Thank you for any input you're able to offer.
 

Blind Squirrel

Well-known member
Howdy Dan(NM)--
I am assuming that the silver coins that you are referring to have no numismatic value. If that is the case here is a good guide for selling:
Today, $1 face value in 90% silver goes for $17.23. I wouldn't sell it for less than $16.23. I hope that helps. Best of luck and...
Happy Hunting!
Blind Squirrel
 

Dan(NM)

Well-known member
Howdy Dan(NM)--
I am assuming that the silver coins that you are referring to have no numismatic value. If that is the case here is a good guide for selling:
Today, $1 face value in 90% silver goes for $17.23. I wouldn't sell it for less than $16.23. I hope that helps. Best of luck and...
Happy Hunting!
Blind Squirrel
Thank you.
 

Blind Squirrel

Well-known member
Price is up from that quote today , scrap price is over 23 dollars
Howdy Big Tony--
You mean SPOT PRICE, don't you? I gave Dan(NM ) a realistic price that he can expect to get from a dealer for dug 90% silver. Depending on the dealer, they may offer less than the $ amount that I mentioned. Today, I wouldn't sell $1 face value for less than $16.23 and that is a fair price. Best of luck and...
Happy Hunting!
Blind Squirrel
 

BigTony

Well-known member
Howdy Big Tony--
You mean SPOT PRICE, don't you? I gave Dan(NM ) a realistic price that he can expect to get from a dealer for dug 90% silver. Depending on the dealer, they may offer less than the $ amount that I mentioned. Today, I wouldn't sell $1 face value for less than $16.23 and that is a fair price. Best of luck and...
Happy Hunting!
Blind Squirrel
Yes, your correct.
I am a member of two metal detecting clubs in my home state. I try to sell to them at spot or close too that mark. Sometimes it’s a deal sometimes not but I do like to assist the clubs in their hunts.
Sometimes dealers will do more for you if you have a bulk amount but it depends on dealer.
Best ofluck and Happy Hunting!
 

Odanscoils

Well-known member
uary 17, 2022 10:36PM Registered: 6 years ago
Posts: 446

I have close to 500 silver coins I'm thinking about selling. I am trying to get an idea of what is a reasonable asking price for dimes, quarters, half dollars and a few Morgan's. Thank you for any input you're able to offer.
I'd hang onto to for a bit longer.
Silver is getting scarce for electronics industry.
And if times get hard.
Could come in handy.
 

Blind Squirrel

Well-known member
Yes, your correct.
I am a member of two metal detecting clubs in my home state. I try to sell to them at spot or close too that mark. Sometimes it’s a deal sometimes not but I do like to assist the clubs in their hunts.
Sometimes dealers will do more for you if you have a bulk amount but it depends on dealer.
Best ofluck and Happy Hunting!
Big Tony--
That's great that you are able to help your detecting clubs like that. It all depends on the dealer. Recently, with a similar silver spot price, a friend of mine asked me to sell $400 face value in Silver Washington's for her. I checked with one dealer who offered me 10 times FV which I declined. I found a private buyer who was happy to pay 16.5 x FV. If you can get 23 x FV today , you are not doing good , you are doing GREAT!!! Best of luck and...
Happy Hunting!
Blind Squirrel
 

Nauti

Well-known member
I was able to sell the coins to a fellow detectorist who will sell some to a club and keep the rest as an investment, thanks for the advise guys. And yes, I'm on a waiting list for one of the new machines :)
Surely you have to tell us what machine it is......don't keep us guessing.😊
 

autopilot42

Well-known member
All metal is easy to buy but hard to sell . Pawn shops are 50 cents on the dollar. You can got to a refinery but they want your ssn to send to the irs. How do you do cost basis the gov wants their share
 
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