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COIN COLLECTORS? SILVER COINS?
im a coin collector and just starting.. i am trying to get the silver coins pre 64, and i've so far found one 40% half dollar out of just 7.50 and i just got about 200 dollars in half dollars last week and found NOTHING. I know that the silver dimes are cheap since their so small and i was just wondering 2 questions.
1. Silvers is about 33.08 an ounce so how much should i get them for. i thought about 2.25 would be fair? about there is that a good price?
2. should i get mercury dimes, or roosevelt dimes. i know they have the same amount of silver but i was just wondering about your opinions.
Also should i try to get silver quartes, morgan dollars, or even nickels to? Thanks for your help :D
4 Answers
- PKnuckleLv 58 years agoFavorite Answer
1. 40% silver half is about $4.90 expect to get less than that.
2. Mercury dimes are older and have more varieties so they tend to be worth more.
Also. Yes, if you like silver collect them from anywhere that you can.
- BD in NMLv 68 years ago
Are you a coin collector or are you just trying to find silver coins at face value so you can sell them for melt value? These are two different things that sometimes go together. But each also has a different approach to the subject of coins.
If you are a collector and just beginning I would suggest you get a copy of the Red Book and read the first 35 pages or so. They will answer all the basic questions a beginner has. It will also give you an idea of the relative values of one coin to another and maybe keep you from selling a valuable coin for only melt value. Visit local coin dealers, go to local coin shows and consider joining a local coin club. These are a great way to get educated about the hobby.
If you are looking for melt value silver coins keep doing bank roll searches and consider going to yard sales and estate sales. You might find some bargains there.
By the way, the only silver nickels were made during WWII. From 1942 through 1945 and these are only 35% silver. Otherwise 5 cent pieces are a copper-nickel composition.
Source(s): 45 years as a numismatist. - Anonymous8 years ago
Most coin dealers are paying about 20 times face value for 90% silver coins. Don't expect to get that much unless you have a quantity. It isn't worth their time and paperwork for you to sell them 1 coin.
I would suggest you try Roosevelt dimes if you are just starting out. There are no really valuable dates so the set would be much lower priced. The mercury dimes have a couple of real killers to the budget. The 16-D would set you back $300 minimum for a totally worn out example.
Make friends with a coin dealer. It is possible for a dealer to sell you rolls of silver for you to pick through and it would only cost you the bullion value.
Searching for silver coins is a waste of time. Everybody is doing it. You could go for months without finding anything or you might hit the lottery and find a whole roll of silver.
Source(s): Long time collector - Anonymous7 years ago
hard issue check out at yahoo or google this could actually help
