• "Spreading the ideas of freedom loving people on matters regarding metals, finance, politics, government and many other topics"

Selling 5000 Franklin silver half dollars. What would be a fair offer?

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
Good morning, thank you for taking the time to read my post. I have a significant amount of silver/gold & am planning on selling 5000 Franklin silver half dollars. Any insights as to what to expect regarding process, price, things to avoid etc would be greatly appreciated. Have a great day.
 

ZZZZZ

Midas Member
Midas Member
Sr Site Supporter
Joined
Dec 23, 2017
Messages
8,221
Reaction score
18,646
Location
Northern Arizona
Welcome to the forums, Steve.

Well, I would suggest that you NOT try to sell them here, being a brand new member with zero track record.

I would check the big well-known online dealers: AMPEX, Provident, JM etc and see what their buy price is. And check you local coin shop. Look around.
.
.
 

BigJim#1-8

Platinum Bling
Midas Supporter
Platinum Bling
Joined
Mar 31, 2010
Messages
5,292
Reaction score
21,301
Welcome.
If you decide to sell them here I would offer to send coins first to established members.(If you want to sell smaller lots)
This is how it's done on other PM forums.
Melt value as of this post is around $41,800.00 for 5000 Franklins.
Melt $8.30 each.
 
Last edited:

the_shootist

Midas Member
Midas Member
Sr Midas Sup +++
Joined
May 31, 2015
Messages
68,794
Reaction score
141,816
Good morning, thank you for taking the time to read my post. I have a significant amount of silver/gold & am planning on selling 5000 Franklin silver half dollars. Any insights as to what to expect regarding process, price, things to avoid etc would be greatly appreciated. Have a great day.
1628790918451.png

ZZZZZ has some sound advice for you there. That's what I would do as a first pass.
Welcome aboard. Hope you can hang around a while!
 

hammerhead

Morphing
Midas Member
Midas Supporter ++
Joined
Feb 22, 2012
Messages
14,614
Reaction score
21,696
Location
USSA
steve, welcome aboard.

That's a lot of Franklins. I ask banks for halves and would love to stumble upon that seeings as how I purchase them at $.50 per.
Are yours straight from the Fed or loose? Just curious.
 

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
Welcome to the forums, Steve.

Well, I would suggest that you NOT try to sell them here, being a brand new member with zero track record.

I would check the big well-known online dealers: AMPEX, Provident, JM etc and see what their buy price is. And check you local coin shop. Look around.
.
.
ZZZZ

First I want to thank you I will check the dealers you mentioned. Several of which I was unfamiliar. Now I will address your very reasonable concern. I initially jumped on to state I would ABSOLUTELY agree not to sell them here. It didn't even dawn on me to sell then in an internet forum. I know people sell quality rare items on these sites with long time trusted associates. I was unaware standard "junk" in volume would be sold here. However as I jumped on I read the next reply from Jim, and that if the leaders of the forum deemed acceptable, is something I would do if the price was worthwhile. I 100% would send before requesting any payment at all. That I can guarantee. My goal is just a fair price, I have called three places so far and gotten offers from 50-90% of spot. That is not an exaggeration the offers were 50/85/90. I have hundreds of 1948/1949 in the inventory and I just think well below spot seems like a poor offer. So I made this account on goldismoney2 to seek some guidance.


I am stating right now unless the other party insists on confidentiality I will happily agree to post the specifics of the transaction before it takes place. This protects buyer/seller/forum. Thank you both for your very helpful replies.
 

Fiat Metaler

Gold Member
Gold Chaser
Joined
Apr 2, 2010
Messages
2,154
Reaction score
1,375
Franklin halves are 90% siliver. There would be .715 troy ounces of silver for every dollar of face value. So multiply $2500 face value times .715 for your raw ounces.

Physical silver has been in high demand so there is premium over the spot price. The last time I checked it was a few bucks but with the price of silver down almost 5 bucks those premiums are probably higher.

If I were selling now, I would look at the big dealers like Apmex and Provident to see how much of a premium over the spot metal price they are selling silver for, and I would ask for a buck or two less.

As far as circulated silver goes, franklin halves are nice. Halves are better than other denominations because there are fewer of them to count. They also tend to be less circulated than dimes and quarters so you get more metal, even though all dealers go by the .715 convention rather than weight. Franklins are not so rare that you should expect much more for them. Walking Liberties might command a little extra due to their rarity but most of them are going to be quite worn so you are not getting your full share of metal.
 

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
Two more replies, I clearly made a great decision making this account. I am located in Tennessee which seems fortuitous because the best offer I received was the local one, which surprises me. I won't name the place unless asked because it may violate TOS for advertising I am not sure. The reason I decided to do the sale now is I am traveling east to NY State next week for a family gathering. I had considered selling some for a year and with the price dropping and the potential on NY buyers being local when I am in NYC I figured now I should be proactive.

Hammerhead I purchased from one supplier in Delaware and the second batch was from another state online several years back. I can not recall where, but not from fed. They came in bags of 500 and 1000 coins. I opened each to count and put them back in the bags. I also bought 50 British Sovereign at the same time from the 1800s if that helps.

Thanks again for all the input.
 

BigJim#1-8

Platinum Bling
Midas Supporter
Platinum Bling
Joined
Mar 31, 2010
Messages
5,292
Reaction score
21,301
I'm in East Tn. I'd be interested in purchasing some face to face for cash. Can't do all 5000. LOL
 

ZZZZZ

Midas Member
Midas Member
Sr Site Supporter
Joined
Dec 23, 2017
Messages
8,221
Reaction score
18,646
Location
Northern Arizona
Check eBay too to get a good indication of the latest "fair market value," give or take a buck or two per coin.

Franklins are my favorite flavor of junk.
 

BigJim#1-8

Platinum Bling
Midas Supporter
Platinum Bling
Joined
Mar 31, 2010
Messages
5,292
Reaction score
21,301

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
Fiat Thank you so much for the info, I really appreciate you taking the time.
Beef Jerky my wife and I go to Las Vegas often we have a cousin in Summerlin that worked at Desert Inn for 15 years till it closed & then MGM. As a matter of fact we almost went there this weekend but I had some work in OKC so it didn't work out.
 

Goldhedge

Retired
Mother Lode
Midas Supporter ++
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
62,358
Reaction score
133,040
Location
Rocky Mountains
Welcome to the board.

There are a LOT of smart folks here with a LOT of good information.
You did stumble onto the right place.

I have called three places so far and gotten offers from 50-90% of spot. That is not an exaggeration the offers were 50/85/90.
You're calling the wrong places!
I won't name the place unless asked because it may violate TOS for advertising I am not sure.
Please name them. We want to know beforehand who is scamming. We remember stuff like that. Also, others might 'stumble' here and be warned in advance.

there's also a thread here of folks who have made purchases from members here. I don't think I've ever seen a bad report yet.

Do a sale with some folks here and in time you could probably sell the whole lot right here.

Trust is the big issue. You sound perfectly ethical to me. I'd probably buy from you as well with a little more track record under your belt.
 

Voodoo

Midas Member
Midas Member
Platinum Bling
Site Supporter ++
Joined
Mar 31, 2010
Messages
5,952
Reaction score
9,624
Location
Deep Underground Bunker
Apmex is selling em in $10 rolls for $223.72. Or $7.99 over spot. And that's for avg circulated.

Even a $100 bag was still the same price.
 

chrisflhtc

Seeker
Sr Site Supporter
Joined
Jun 8, 2012
Messages
347
Reaction score
514
I would be interested in a 1K deal to help out of course :)
 

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
The response has been phenomenal I am doing my best to respond to all.

Goldhedge asked me to name the people that made the offers I received, since he is a moderator I know it's allowed. All three knew I was selling 5000 Franklins so they were aware of the size of the transaction.

As I mentioned previously the best offer was local. 90% of spot. Cashvillegold in Nashville. That was the best and Josh was helpful so I have no complaints at all with them.
Second was a NY buyer at 85% spot Global gold and silver out of NY.
Third was in some ways funny. It was reDollar.com they offered me $31.250 keep in mind this was when silver was over $25.50. I knew this was a terrible offer so just for kicks I asked the formula they used to come up with the offer. After a brief silence he said....."$6.25 a coin". That was it, LOL he just stated "6.25 a coin". Well no shit sherlock!
 

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
Voodoo Thank you for that info, later today I will be doing research and it will be 100% thanks to this thread.
Chris Several people have spoken to me about purchasing and as Goldhedge said this place seems like the right place to do it. As I stated earlier any transactions I do I will send first. I would expect the same if roles were reversed.


Guys I will be gone for about two hours I have some work to do. Thanks again for all the info. There is zero chance I do anything without discussing it here first.
 

Buck

Where'd My Country Go?
Sr Site Supporter
Mother Lode
Joined
Apr 13, 2011
Messages
22,444
Reaction score
28,659
i'm sad...i'm late and all the 'stupid answers' are taken


GOOD JOB EVERYONE!
:2 thumbs up:

makes me proud!
 

Buck

Where'd My Country Go?
Sr Site Supporter
Mother Lode
Joined
Apr 13, 2011
Messages
22,444
Reaction score
28,659

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
View attachment 221044
ZZZZZ has some sound advice for you there. That's what I would do as a first pass.
Welcome aboard. Hope you can hang around a while!
I have to say I legit laughed when I saw this. I love that guy but I can not watch that show. I have tried 2 or 3 times and I think your "Best I can do is $2 " is just about what he would offer.
 

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
steve, welcome aboard.

That's a lot of Franklins. I ask banks for halves and would love to stumble upon that seeings as how I purchase them at $.50 per.
Are yours straight from the Fed or loose? Just curious.
May I ask, when you say you buy them at $.50 per what does that mean. I am unfamiliar with the vernacular of the coin collecting community.
 

Goldhedge

Retired
Mother Lode
Midas Supporter ++
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
62,358
Reaction score
133,040
Location
Rocky Mountains
For kicks I went to the local dealer and asked how much if I sold him a silver round. Spot (@$24) plus about $4. You couldn't get a round for less than @ $35 at the time. They too have to make the vig to stay in business.

So expect at least spot price, no less!
 

ttazzman

Midas Member
Midas Member
Midas Supporter ++
Survivor
Joined
Apr 2, 2010
Messages
6,839
Reaction score
8,762
Location
mid-usa
May I ask, when you say you buy them at $.50 per what does that mean. I am unfamiliar with the vernacular of the coin collecting community.

i will do a interpetation for you..........he is saying he goes to banks.....asks for rolls of 50cent pieces pays .50 each for them.........then searches thru them looking for 1964 dates or before (90% silver) .......takes those out for himself .....returns the rest to the bank ....rinse repeat.......people have been doing this for years and occasionally someone will turn in grandmas coins and there will show up silver halves in bank rolls ......

so using his method he only pays face value .50 for silver halves .......granted he might have to go thru a thousand to get a few but its a method
 

hammerhead

Morphing
Midas Member
Midas Supporter ++
Joined
Feb 22, 2012
Messages
14,614
Reaction score
21,696
Location
USSA
May I ask, when you say you buy them at $.50 per what does that mean. I am unfamiliar with the vernacular of the coin collecting community.
What ever the tellers have or what's in the vault. A half dollar at the bank is fifty cents. Best day was four $20.00 rolls of halves full of 40% with another roll having all but a few. Good day at the office.
 

hammerhead

Morphing
Midas Member
Midas Supporter ++
Joined
Feb 22, 2012
Messages
14,614
Reaction score
21,696
Location
USSA
i will do a interpetation for you..........he is saying he goes to banks.....asks for rolls of 50cent pieces pays .50 each for them.........then searches thru them looking for 1964 dates or before (90% silver) .......takes those out for himself .....returns the rest to the bank ....rinse repeat.......people have been doing this for years and occasionally someone will turn in grandmas coins and there will show up silver halves in bank rolls ......

so using his method he only pays face value .50 for silver halves .......granted he might have to go thru a thousand to get a few but its a method
I keep the 65-69's too. All proceeds go to the grand chillins.
 

ZZZZZ

Midas Member
Midas Member
Sr Site Supporter
Joined
Dec 23, 2017
Messages
8,221
Reaction score
18,646
Location
Northern Arizona
What ever the tellers have or what's in the vault. A half dollar at the bank is fifty cents. Best day was four $20.00 rolls of halves full of 40% with another roll having all but a few. Good day at the office.

How long ago was that?
 

Ragnarok

I'd rather be
Midas Member
Midas Supporter ++
Joined
Mar 31, 2010
Messages
5,963
Reaction score
5,149
Look up the average ptice online and go from that.
What is the condition if the coins?

R.
 

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
Once you get them sold, we would love to see what a pile of 2,500 Franklin halves looks like all in one place. I think the stackers like to call it metal porn.

So make sure to snap a photo before you offload them somewhere.

I have a 10 second video I filmed this week. It is too large a file to load here but if you want to see it message me your email.
 

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
Look up the average ptice online and go from that.
What is the condition if the coins?

R.

I have looked online but unless you know where to look and who are the reputable players all that comes up is whoever is paying Google, DuckDuckGo etc. The info I received in this thread sent me to much more reputable companies than multiple searches online thru a variety of search engines.
Sorry I noticed I failed to answer regarding the condition. I had them just in bags I don't foresee them being anything special. I did notice a couple hundred that seemed in very good condition considering their age when I put 5000 together. I kept them with the 5000 but in a specific bag with all the 48/49s. I didn't think it would be fair to cannibalize the 5000 I am selling so I did not replace with more run of the mill coins.
 
Last edited:

jrog100

Silver Member
Silver Miner
Survivor
Joined
Apr 6, 2010
Messages
720
Reaction score
1,108
I have looked online but unless you know where to look and who are the reputable players all that comes up is whoever is paying Google, DuckDuckGo etc. The info I received in this thread sent me to much more reputable companies than multiple searches online thru a variety of search engines.

90% of spot is pretty low. if you break them into $100 face lots, you can do pretty good on eBay. Most dealers are charging about $4 over spot for 90% silver. Just remember spot X .715 = what they are worth. ;)
 
Last edited:

Goldhedge

Retired
Mother Lode
Midas Supporter ++
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
62,358
Reaction score
133,040
Location
Rocky Mountains
I have a 10 second video I filmed this week. It is too large a file to load here but if you want to see it message me your email.
Just put it on youtube or else on bitchute or the like. Share the link here.

Just curious why you want to sell real money for fiat.
 

Voodoo

Midas Member
Midas Member
Platinum Bling
Site Supporter ++
Joined
Mar 31, 2010
Messages
5,952
Reaction score
9,624
Location
Deep Underground Bunker
90% of spot is pretty low. if you break them into $100 face lots, you can do pretty good on eBay. Most dealers are charging about $4 over spot for 90% silver. Just remember spot X .715 = what they are worth. ;)

Meh, too hard to remember. I kinda know what I'm doing and did the math wrong (your math is for $1 worth of junk silver). I like Coinflation, up to date and gives you the data quickly.


Each coin has a Silver melt value of $8.427 today.

Edit: I also think that would be my minimum take right now with the premiums lately. Maybe a slight discount for 1 large bulk transaction.
 

SteveL2021

New Member
Joined
Aug 10, 2021
Messages
15
Reaction score
45
Just put it on youtube or else on bitchute or the like. Share the link here.

Just curious why you want to sell real money for fiat.

I appreciate the formula Jrog.
Goldhedge I have 15000 silver and it is too cumbersome. The gold is better for me and not just because it performs better. I will not be just putting money in the bank that I can GUARANTEE. Our currency is the thing I hold the least.

As far as the youtube/bitchute posting I would have no clue how to do so and I hate Youtube. However if it is actually something people would like to see for whatever reason I will look into bitchute later tonight.