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Question Regarding Silver Dollars
Posted on 03/04/2010 7:00:08 PM PST by hsmomx3
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1
posted on
03/04/2010 7:00:09 PM PST
by
hsmomx3
To: hsmomx3
Take them to many dealers a don’t sell until all your homework is done.
2
posted on
03/04/2010 7:02:27 PM PST
by
al baby
(Hi Mom sarc ;))
To: hsmomx3
I would get them appraised by a qualified appraisal firm first off...several could be fairly valuable to a collector.
be carefull going to a collector, they may undervalue significantly so as to buy them from you cheap.
best luck,
3
posted on
03/04/2010 7:02:44 PM PST
by
b cool
To: hsmomx3
I'm not into coins, but you may want to try advertising in Craigslist or check out ebay. You'll get more money from a collector than someone who is paying flat silver value. You might at least get a market value idea from those 2 sources.
4
posted on
03/04/2010 7:02:52 PM PST
by
highlander_UW
(Obama has lost or not saved over 4 million jobs!)
To: hsmomx3
You can auction them on eBay or take a look and see what they sale for. Usually they for around $15 each; unless you have a rare Carson City one which then goes for multiple of that.
5
posted on
03/04/2010 7:03:38 PM PST
by
C19fan
To: hsmomx3
Hold them. Do not sell them until you have them appraised.
A coin dealer will rip you off.
To: hsmomx3
Don’t clean them - you will lower their value.
7
posted on
03/04/2010 7:04:57 PM PST
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: hsmomx3
8
posted on
03/04/2010 7:06:57 PM PST
by
FormerACLUmember
(The urge to save humanity is almost always a false front for the urge to rule. - H. L. Menken.)
To: hsmomx3
I started buying silver coins about a month ago. There are different websites that will help evaluate how much they are worth. Unless they are rare ones, which I can't tell, they go for around $15.00 to about $20.00 or so each on ebay. Some of the rare ones can be worth lots.
Here is one good place that might give you an idea of the worth of the ones you have. Link to silver dollar
Personally, unless I needed the money, I'd hold on to them. If the dollar tanks, the silver and gold might be the only currency worth anything. And if that never happens, you have something to hand down to your kids or grandkids.
9
posted on
03/04/2010 7:07:10 PM PST
by
MsLady
(If you died tonight, where would you go? Salvation, don't leave earth without it!)
To: hsmomx3
They are worth more than their weight depending on condition. Have an appraiser look at them.
To: hsmomx3
Your best bet is to have them appraised. You will most certainly get more money from E-bay or some other direct selling method than from a coin shop and for goodness sake, don’t just sell them for their silver content.
To: hsmomx3
don’t clean them
just saying
12
posted on
03/04/2010 7:08:12 PM PST
by
GeronL
(I Own Me (yep, boiled down to 6 letters))
To: hsmomx3
A dealer will try to get them from you cheap, so they can make the real gravy when they sell them again. You are better off doing some research on the web first. Knowledge is power. By the way, the communist chinese have a rampent US Morgan silver dollar faking industry going at like 1000 miles per hour. Pretty good fakes that can fool alot of people, even halfway knowledgeable coin collectors. Beware, its scary out there!
13
posted on
03/04/2010 7:09:00 PM PST
by
Lockbar
(March toward the sound of the guns.)
To: hsmomx3
Coinage is almost always more valuable than mere silver by weight. Take them to a qualified appraiser, even a decent coin shop. Don’t give them a conflict of interest. If you make it clear that you’re not wanting to sell them now, you just want to find out if any of them are particularly valuable, they’ll probably give you good advice.
14
posted on
03/04/2010 7:09:21 PM PST
by
Ramius
(Personally, I give us... one chance in three. More tea?)
To: 2banana
don’t sell but keep for future. dollar will lose all value soon and gold and silver will be the only currency.
To: hsmomx3
A dealer will try to get them from you cheap, so they can make the real gravy when they sell them again. You are better off doing some research on the web first. Knowledge is power. By the way, the communist chinese have a rampent US Morgan silver dollar faking industry going at like 1000 miles per hour. Pretty good fakes that can fool alot of people, even halfway knowledgeable coin collectors. Beware, its scary out there!
16
posted on
03/04/2010 7:10:01 PM PST
by
Lockbar
(March toward the sound of the guns.)
To: hsmomx3
I used to (way back in the day) collect coins. I still have a leather bag full of the odd coins I've picked up over the years. Rule #1: don't clean them. You'll foul the grade and collector's price. I'd use the
Professional Coin Grading Service online guide to get a ballpark idea of what they might be worth. Depending on the year, grade, type, etc., some might be worth much more than you think; others might only be worth the weight of the precious metal content in them. It
can be a time-consuming and obsessive project, but if you're looking to get maximum value out of them and not quick cash, it beats taking them to a pawn shop or coin dealer, especially uninformed.
17
posted on
03/04/2010 7:10:21 PM PST
by
Viking2002
(Old fishermen never die. They just smell that way.)
To: hsmomx3
Question Regarding Silver Dollars Yes, you can melt them down and make siver bullets to kill werewolves. Now I'll go back and read the article.
18
posted on
03/04/2010 7:11:46 PM PST
by
Grizzled Bear
(Does not play well with others.)
To: hsmomx3
If they are not rare dates then probably not worth much more than the silver content. But who cares, good time to hold real money like that.
19
posted on
03/04/2010 7:12:13 PM PST
by
Rippin
To: hsmomx3
DO NOT CLEAN them yourself. In case some of them have collectors value, cleaning them may harm the surface and reduce their value. Morgans started in 1878, Peace dollars in 1921. If you have some that don't seem to fit, they could be commemorative issues, or foreign coins. Most dates for these dollars are not rare, in used condition maybe worth 20 to 40 dollars. But a few are rare and valuable. It would be worth getting a Coin Prices magazine(Probably have it at your local library or buy one at B&N). Just to look them up yourself, a simple process, and see if there are any good ones. There is definitely a market for silver coins, and if the ones you have are common dates in lower grades, a local dealer may give you bullion value or a little better.(Hint, Morgans and Peace dollars have .77 oz silver content).
Good luck.
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