Silver Coins and Currency Collecting
I will be doing a short series on coin collecting and currency collecting. There will be examples of pure silver, silver coins, clad coins, copper coins, paper money, etc. I will spot light Morgans, Walking Liberty, Kennedy, Franklin, as well as some mis-strikes and error coins. We will also talk about the difference in pricing and melt price. I might even go a gold piece or two. I also sell Avon so if you like Avon products, please visit the link below and place a small order. That sure does help me a lot! AVON – I need customers. You need a good Avon Rep. We are a perfect match!! www.youravon.com
Ashley Reviews her Silver Proof Coin Collection
Good stuff
Convert my silver coins / rounds into silver?
I have…
374 quarters – 90% silver
31 half dollars – 90% silver
196 half dollars – 40% silver
11 dollar coins – 40% silver
* The combined silver weight of all this coinage is about 110 ounces.
* I see that silver bars are sold in 100 ounce bricks.
* The vast majority of these coins are of non-collectable value.
* Some are in excellent condition, but they aren’t rare.
* What I would like to do is convert (either by trade or melt) these coins into a 100 ounce bar.
Question: What is the best way to make this happen?
These coins were collected by my aunt as change when she ran a gas station many many years ago, so most have heavy circulation wear. She gave them to me, citing their silver value a few years ago, but they’ve sat in my closet much like they sat in hers. I dont want to profit from the intrinsic value, I just want it condensed into a more liquid currency in case the need every arises. In the meantime, I would like keep it as an heirloom with hopes of never offloading it.
I realize that if I was to go to the painstaking trouble of selling them individually or a few at a time, I could eventually just buy the bar with plenty to spare, but there are just too many! Melting and separating the metals is not something I’m going to be able to do, no matter how resourceful I am, so I thought I would post this question up as my first inquisitive stint on this website. Thanks in advance!
This is a reply to Dr. Bob. I hope adding this so that it was appear below Bob’s response.
Thank you! That was very informative. I got 110 ounce weight by using a website that asked me to input quantity and type/date range of the coins.
I will call a place that I used previously to see what options they have for me. It should have occured to me that it’s not legal to melt them. D’oh! Hopefully I can find someone who is willing to make an exchange or equivalent thereof to make this happen. I’m not so much interested in the fluctuating value of silver, just a conversion of the medium. It’s just more likey that someone will do this for me because silver has spiked.
Should I start getting silver coins?
I was wondering if I should start collecting silver coins just in case a societal breakdown occurs. People talk all the time about the worthlessness of fiat currency, but is it possible that people would establish regional values for the dollar and continue using it rather than start using precious metals as currency in a disaster scenario? If that were the case, wouldn’t collecting silver be redundant and even harmful? I’m aware that we haven’t experienced such a contingency, but what do educated people well-versed in failed states and subsequent collapses say?
I want to establish my sanity as a caveat. I’m a graduate student studying natural disaster and terrorism preparedness for my thesis, and am quickly finding out we’re completely unprepared for a terror attack while also being aware that the social veneer is very thin, as evidenced by Hurricane Katrina. I’m not saying it has turned me into an “end of the world”-type person, but I’m becoming increasingly aware of what happens after a major disaster, especially in areas where civil government has failed.
Mexican Silver Coins – Great Additions to any Word Coin Collection
www.coincollecting-values.com for more about Mexican silver coins and coin collecting.
If you have one of the 30 silver shekels that betrayed Christ in your coin collection, will you go to Hell ?
(Alright, any purists, technically, it was silver tetradrachms, but that took too many damn letters, and besides, I didn’t want to shut the Christians out of the Question by using such big words.)
Collecting Coins vs Collecting Silver Flatware
Phil Dreis, owner of the Antique Cupboard and author of the “Warman’s Sterling Silver Flatware: Value & Identification Guide” talks about collecting coins versus collecting antique silver. Discover the world of collecting antique sterling silver flatware in his new series. www.antiquecupboard….
Where I Buy Wholesale Silver Bullion and Get Great Prices on Numismatics
wholesalesilverandgoldbullion.com Get your FREE E-Book. www.workwithjamesflanders.com Where I Buy Wholesale Silver Bullion and Get Great Prices on Numismatics Numismatic coins, coin collecting, coin collectors.
Question about buying Morgan silver dollars?
Hi, my son collects Morgan dollars and has been attempting to assemble a complete set for a few years now. I want to purchase a coin for him for Christmas and have a couple questions. He is currently buying the ones minted in Carson City. He usually buys high grade coins, or the highest he can find for the price he can afford. I know he has bought several and sent them to have them graded and slabbed. He needs a 1889 CC, and I would like to buy him one. I understand this is a rare coin and can demand a hefty price in nice condition. I have seen several on ebay that are going between 1 and 2K. I need some advice on how I should pursue this, so I can avoid getting ripped off. If I can find one on EBAY from someone with good feedback and offers a money back guarantee that would be nice. Any advice on price, etc. would be greatly appreciated. I know he usually only buys coins that have been graded by one of two of three companies he says are trustworthy.
*one of two or three companies
When I sell silver coins, should I get more money for proof sets than just melt value? Silver dropped $1 today?
I have;
4 uncirculated pre-1964 Quarters ( 1959-P , 1961-D , 1962-D , 1964-D )
1 circulated 1951 No Mint Mark? Where is it from?
1 circulated Mercury Dime (Cant find a mint mark, I thought mint mark was on the obverse)
1 1964 Unopened Silver Proof Mint Set that has never been open (Still in the original envelope from the United States Treasury Department from Philadelphia. Still sealed in original envelope
1 1963 Silver Proof Coin Set – The envelope from the treasury department has been opened, but all coins are still in the plastic seal and has Certificate from the Philadelphia Mint.
I know that what I have isn’t a lot, But the dealer wants to give me melt value for everything. I thought at the very least I should get alittle more money for the proof sets. Especially the 1964 because it has never been opened from it’s envelope. I thought that would increase the value. I know the chances are rare but there could be a cameo, or some kind of error in that set making it more valuable.
I’m new at this, but I love it. I love looking through coins. Silver dropped $1 today, is it time to sell?
I’m young and I think I found a new hobby, I enjoy it so much.
Like I said above, should I sell everything for only melt value? That doesn’t seem right to me
any suggestions or advice for this novice collector would be greatly appreciated. I really enjoy all this and the more I know the better.
Sorry, but one more question…Does anyone know any good books to read about coins and collecting?