Bought some Silver and Gold today

[Josh_LA]

Xar, see these on eBay also

Arnold Schwarzenegger!!!
270293183444

150306628200
140278168500
150306631625
270292310964
330280947546
270291925669

If you can get these at under $140 with shipping, that's pretty good.
$150 ain't bad either.

 

[Josh_LA]

Xar, your silver indian head/buffalos?

270294524726

see if you can get it for $260 or less for 20
($280 ain't bad either)

 

[JonR]

How important is the condition of the coin when buying gold and silver? Obvious, it is worth what the metal content is, but I have noticed online coins with abrasions or other defects being significantly cheaper. Is it worth jumping on these since they have the same metal content or should you just spent the money on coins in better condition?

I swear, there should be a general sticky thread where people can ask general questions on precious metals.

 

[Razmear]

How important is the condition of the coin when buying gold and silver? Obvious, it is worth what the metal content is, but I have noticed online coins with abrasions or other defects being significantly cheaper. Is it worth jumping on these since they have the same metal content or should you just spent the money on coins in better condition?

I swear, there should be a general sticky thread where people can ask general questions on precious metals.

A beat up coin is going to fetch less of a premium over spot but is still always worth the melt value provided it is still intact (no holes or missing metal). Why? People like pretty things better than ugly ones. If you had a choice between two identically equipped vehicles, one that was shiny blue and the other one was faded puke green, which would you choose? which would sell for more in an auction?

With junk silver, older coins are sometimes thinner than newer ones, which can affect the value. The last two rolls I bought were sent bagged by decade and I put them in tubes oldest to newest. The second (newer) roll of 40 was more than 1/4 inch taller than the first roll. So by melt value 1964 quarters might be worth more than ones from the 30s and 40s.

hth,
eb

 

[WillieKamm]

Any price lower than a wheelbarrow full of cash will seem like a steal in a couple of months.

I'll remember this in January, February, March and April when it hasn't happened.

 

[JonR]

A beat up coin is going to fetch less of a premium over spot but is still always worth the melt value provided it is still intact (no holes or missing metal). Why? People like pretty things better than ugly ones. If you had a choice between two identically equipped vehicles, one that was shiny blue and the other one was faded puke green, which would you choose? which would sell for more in an auction?

With junk silver, older coins are sometimes thinner than newer ones, which can affect the value. The last two rolls I bought were sent bagged by decade and I put them in tubes oldest to newest. The second (newer) roll of 40 was more than 1/4 inch taller than the first roll. So by melt value 1964 quarters might be worth more than ones from the 30s and 40s.

hth,
eb

I see what you mean. I'll probably end up buyin a mix of better looking coins and the ones in the less condition. I'm usually such a cheap son of a gun that it sometimes hard to not take what seems like more of a deal.

Thanks

 

[SevenEyedJeff]

With junk silver, older coins are sometimes thinner than newer ones, which can affect the value. The last two rolls I bought were sent bagged by decade and I put them in tubes oldest to newest. The second (newer) roll of 40 was more than 1/4 inch taller than the first roll. So by melt value 1964 quarters might be worth more than ones from the 30s and 40s.

That's true, that the "melt" value of newer coins would be more, but a rarer date coin would be worth more even if it has less silver, assuming it is in relatively good shape. A 1900 Barber half dollar will be worth more than a 1964 Kennedy even though it has lost some silver over time. As long as it isn't faded to hell, that is. Here is a coin price guide that you can do research for yourself:

http://www.pcgs.com/prices/