90% Silver US Coins at Negotiable Prices

[johnniewalker]

I have some (not a lot) of 90% silver coins (pre-'65 US). I am asking /$1 face value, with possible volume discounts. PM if interested!

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[Wingman4l7]

I've been looking at junk silver coins a lot lately so I'll do the math for everybody.

At ~$95 USD / 1 BTC, that's ~$22.50 USD per $1 of silver coins.
EDIT: According to the ticker, you're selling at a steady $22.50 USD per $1 face value.
There is 0.07234 troy ounces of silver in a 90% silver dime.  I've seen the figure of 0.0715 to account for 1.11% loss of the silver due to wear on the coin.  So, ten dimes in a dollar = 0.715 ounces of silver.

Current silver spot price is ~$24.50 / troy oz.  Sold at spot price, those dimes would be $17.50.  
EDIT:KEEP IN MIND THIS WILL CHANGE WITH THE PRICE OF SILVER AS THIS OFFER AGES!
You're asking for ~$34.25 / troy oz. 
EDIT:That's pretty fair, especially considering the added value of them being coins made by a US mint, and the genuineness of the silver content which that implies.
Each $1 in face value of dimes sold will net you a 28.5% profit.

Sorry, no thanks!  I can get junk silver from trustworthy sellers on eBay at a spot price of $32 / troy oz, including shipping, if I'm patient.  I've seen worse, though.  IMO those are a better deal if they're Mercury dimes and not just Roosevelt dimes, but that's a personal preference and not backed by any numismatic acumen.  Ignore this, it's actually pretty difficult to get a spot price of $32 / troy oz. on eBay -- trust me, I've tried.

Important question:  does that include shipping, and if so, to where?Shipping is included, with tracking!

[johnniewalker]

It includes domestic (anywhere in US) shipping. And visit any coin shop-Maybe 1/10 charges 20x face value for 90% coins(**edit: plus tax). Which means $1 face value would be $20. And I am asking $22.50 including shipping in US (w/tracking). Its a deal thats more than fair. And if you find a listing that costs less on eBay (for 90% US coins, not junk "925") I'll give you .01 bitcoin for the hell of it and beat that price. Good luck.

[johnniewalker]

I've been looking at junk silver coins a lot lately so I'll do the math for everybody.

At ~$95 USD / 1 BTC, that's ~$22.50 USD per $1 of silver coins.  There is 0.07234 troy ounces of silver in a 90% silver dime.  I've seen the figure of 0.0715 to account for 1.11% loss of the silver due to wear on the coin.  So, ten dimes in a dollar = 0.715 ounces of silver.

Current silver spot price is ~$24.50 / troy oz.  Sold at spot price, those dimes would be $17.50.  You're asking for ~$34.25 / troy oz; each $1 in face value of dimes sold will net you a 28.5% profit.

Sorry, no thanks!  I can get junk silver from trustworthy sellers on eBay at a spot price of $32 / troy oz, including shipping, if I'm patient.  I've seen worse, though.  IMO those are a better deal if they're Mercury dimes and not just Roosevelt dimes, but that's a personal preference and not backed by any numismatic acumen.

Important question:  does that include shipping, and if so, to where?

No offense here, but your post also shows a lack of knowledge of scrap bullion silver. Minted US 90% coins always go for a premium higher than "925" jewelry. Because the truth is, I could buy a 925 stamp on ebay and stamp something that's 90% silver. When you buy 90% coins minted by the US government [insert joke here] you know exactly what you're getting. Also, junk Mercury dollars are worth absolutely no more than junk Roosevelts. There are even Barbers and Seated Liberties that are junk silver. Junk silver=junk silver=the same price. There are key date coins in all series, but good luck ever finding one of those in a junk lot.

[Wingman4l7]

Yeah I wouldn't even begin to suggest a coin shop, the markup would be horrendous, even if they gave you a break on bulk purchases.  Your inclusion of shipping (with tracking!) makes this deal much more appealing.

Like I said, you have to be patient to get that $32 / troy oz price (yes, for US dimes); I've seen $34+ / troy oz as the ending bid much more often. 

Apologies if I came off as disparaging of your offer; it's pretty fair!

[Wingman4l7]

No offense here, but your post also shows a lack of knowledge of scrap bullion silver. Minted US 90% coins always go for a premium higher than "925" jewelry. Because the truth is, I could buy a 925 stamp on ebay and stamp something that's 90% silver. When you buy 90% coins minted by the US government [insert joke here] you know exactly what you're getting. Also, junk Mercury dollars are worth absolutely no more than junk Roosevelts. There are even Barbers and Seated Liberties that are junk silver. Junk silver=junk silver=the same price. There are key date coins in all series, but good luck ever finding one of those in a junk lot.

I most definitely was not looking at scrap bullion -- only 90% US silver coins (mostly dimes, not quarters or mixed).  I understand the reason why the coins command a premium, and it makes complete sense -- piggybacking on the legitimacy of currency minted by a government.  As far as preferring Mercury dimes goes, notice I said "that's a personal preference and not backed by any numismatic acumen" -- I just like how they look -- and yes, I've seen the older dimes in junk silver lots as well.  No harm in being patient to try and get a good deal.

The only advantage I could see to buying the older coins, as long as they haven't cumulatively lost too much silver weight through wear, would be that it's easier to prove to another they're silver (i.e. all Mercury dimes were, while Roosevelts post-1964 were clad), and that in the distant future, the older coins might command a slight premium.

[johnniewalker]

It's very fair, and it explains why I've already sold over half of what I have. And if you are waiting to pay $32 for a Troy ounce of 90% silver, you are wasting your time. It is almost impossible to get a deal on silver on eBay. I did once-I bought 10 x 90% quarters for $1.25 each (the guy knew what they were, too-must have needed drug money or something). And again no offense, but you have it backwards. I frequent several coin shops. The most expensive one charges $1 over spot for a random 1 oz round. I bought some yesterday (silver was at $25.xx) for less than $27. And that is one ounce of .999 silver, not 90%. I guarantee you there is not a single listing on eBay right now for that price, or even one under $30.

[Wingman4l7]

It's very fair, and it explains why I've already sold over half of what I have. And if you are waiting to pay $32 for a Troy ounce of 90% silver, you are wasting your time. It is almost impossible to get a deal on silver on eBay. I did once-I bought 10 x 90% quarters for $1.25 each (the guy knew what thy were, too-nut have needed drug money or something. And again no offense, but you have it backwards. I frequent several coin shops. The most expensive one charges $1 over spot for a random 1 oz round. I bought some yesterday (silver was at $25.xx) for less than $27. And that is one ounce of .999
Silver, not 90%. I guarantee you there is not a single listing on eBay right now for that price, or even one under $30.

  I bought 30 Mercury dimes just a few days ago at ~$31 / troy oz, including shipping.  I'm still kicking myself for not bidding more on the 100 silver Roosevelts that went for ~$29 / troy oz.  There were also some lots of 25 recently that went for $31 / troy oz.  *shrug*  It does happen.  Then again, it seems like all the rolls being sold (50 dimes) won't go for less than an average of ~$125  (~$35 / troy oz).

Sounds like I need to go to cheaper coin shops... I wanted some sterling silver junk coins and they were charging 2x the spot price; even bulk they wouldn't give me better than 30% over spot.

[johnniewalker]

It's very fair, and it explains why I've already sold over half of what I have. And if you are waiting to pay $32 for a Troy ounce of 90% silver, you are wasting your time. It is almost impossible to get a deal on silver on eBay. I did once-I bought 10 x 90% quarters for $1.25 each (the guy knew what thy were, too-nut have needed drug money or something. And again no offense, but you have it backwards. I frequent several coin shops. The most expensive one charges $1 over spot for a random 1 oz round. I bought some yesterday (silver was at $25.xx) for less than $27. And that is one ounce of .999
Silver, not 90%. I guarantee you there is not a single listing on eBay right now for that price, or even one under $30.

  I bought 30 Mercury dimes just a few days ago at ~$31 / troy oz, including shipping.  I'm still kicking myself for not bidding more on the 100 silver Roosevelts that went for ~$29 / troy oz.  There were also some lots of 25 recently that went for $31 / troy oz.  *shrug*  It does happen.  Then again, it seems like all the rolls being sold (50 dimes) won't go for less than an average of ~$125  (~$35 / troy oz).

Sounds like I need to go to cheaper coin shops... I wanted some sterling silver junk coins and they were charging 2x the spot price; even bulk they wouldn't give me better than 30% over spot.

Wow, I'm sorry. I'll take some pictures next time I'm at one so you and everyone else doesn't think I'm full of it. One even has BU (Uncirculated) Libertads, old and new style for $2.50 over spot, and I think Philharmonics are like $3 over spot. Next time I'm there I'll snap some pictures with my camera and reply to this thread w/them.

[Wingman4l7]

Yeah, they gotta pay their rent I guess.  Sounds like you got a steal on those rounds.  Sorry for crapping all over your offer thread, I hope you sell the rest of your dimes, that is a pretty solid offer actually.

You should sell some of those rounds next!   

BTW, that is a pretty neat little offer image; I'll have to use that sometime.  For those interested, it comes from here: http://btcticker.appspot.com

[johnniewalker]

Oh yes, those are very useful. Now I already told this to you, but if there a specific coin (ANY coin), specific bullion, bullion in bulk, etc. let me know and we can compare prices. The owner seemed snotty at first but once he realized I wasn't somebody just trying to cash out, he started being really good to me. And that was over a year and a half ago!