3 ms·
What do you mean with "real coins". Do you mean collector or proof coins? If yes wouldn't the additional premium for those coins be lost if you use them for bar
by tobltobs 5y ago
What do you mean with "real coins". Do you mean collector or proof coins? If yes wouldn't the additional premium for those coins be lost if you use them for barter. Wouldn't make junk silver coins make more sense as they have the lowest premium?
- sigmaprimus 5y agoI have looked into buy these coins just now and it seems many people must think the same thing as they are way more expensive than buying uncirculated coins made by the British and Canadian mints. US silver eagles are also crazy expensive for some reason.
- h2odragon 5y agoI mean coins issued by a mint with a reputation known further than its customers. I'm fond of US Mint silver eagles myself. There's a lot of "bullion" coins out there aimed at panic and ignorance, some of them aren't even full weight alloys. There's also folks selling sacks of "silver quarters" and other old circulated coins with silver content... These are dross that's been picked over for value already. There's folks that will cheerfully sell them for 3x the face value of the coins tho.
- sigmaprimus 5y agoI would be thrilled to buy some of these sacks at 3X face value, the best price I could find was 20X face. Are You sure You are not remembering what they were going for in the past? here is a Google search I did regarding this idea: >>> How many US silver coins make an ounce? There is 0.18084 troy ounce of pure silver in a standard pre-1965 90% silver quarter. So, it takes about 5.5 pre-1965 90% silver quarters to have a full troy ounce of silver. Current spot price of silver ~22 , lets say $20...so 20/5.5 = $3.60 or approx 14.5 X Face. Still a better deal but that is not the prices the sellers are asking that would be more what a dealer may offer to buy at.