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

jrog100

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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.

the .715 X spot is an industry standard to determine $1 face value of 90% coinage. coinflation is not accurate in determining true value of 90% silver because they factor the value of brand new uncirculated coins plus the copper value. No one values 90% coinage in the way that conflation does. It's just not accurate.

Some dealers will actually weigh 90% coinage to determine value. In reality this is the only truly accurate method in determining silver value of coins - but the .715 X spot works pretty good too.
 

Goldhedge

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I have 15000 silver and it is too cumbersome. The gold is better for me and not just because it performs better.
So a gold for silver trade might be entertained? No cash required?
I'd be real interested in that...
 

Voodoo

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the .715 X spot is an industry standard to determine $1 face value of 90% coinage. coinflation is not accurate in determining true value of 90% silver because they factor the value of brand new uncirculated coins plus the copper value. No one values 90% coinage in the way that conflation does. It's just not accurate.

Some dealers will actually weigh 90% coinage to determine value. In reality this is the only truly accurate method in determining silver value of coins - but the .715 X spot works pretty good too.

I would argie its more accurate bit you are correct in that dealers won't use it. Also note i gave the silver only value from the site. In the end your arguing about pennies per coin. Id probably weigh it as well just to male sure its close to mint.
 

Fiat Metaler

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since you are in Tennessee, you should check out Franklin Sanders. He is a bullion dealer somewhere south of Nashville close to the Tennessee border. He publishes a daily market commentary. I think he is retired but his son took over the business.


I would hold out for spot especially at this depressed price. Consider several smaller transactions to break up your risk.

If you are selling to a dealer, how is he paying you? Check, wire transfer, bag of cash? Lots of dealers want you metal and enough time to sell it before they pay you. Kinda sketchy.
 

SteveL2021

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Welcome aboard, Steve.

PM sent

Thank you Savvy, I certainly feel welcome.
since you are in Tennessee, you should check out Franklin Sanders. He is a bullion dealer somewhere south of Nashville close to the Tennessee border. He publishes a daily market commentary. I think he is retired but his son took over the business.


I would hold out for spot especially at this depressed price. Consider several smaller transactions to break up your risk.

If you are selling to a dealer, how is he paying you? Check, wire transfer, bag of cash? Lots of dealers want you metal and enough time to sell it before they pay you. Kinda sketchy.

I appreciate the info Fiat. The companies I located prior to finding this site only offered me far below market value. I finally got one good quote yesterday from an online commercial buyer and it was largely thanks to this site. I am looking at smaller transactions where I send first and/or meet face to face. I will look into Mr. Sanders as well. With all the upheaval in the economy I probably should read his market commentary anyway.
 

MrLucky

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Just some fun statistics.

The thickness of a half dollar is 0.085 inches so a stack of them is . . . . . . . . .

5000 x 0.085 inches = 425 inches / 12 inches to a foot = 35.4167 feet tall (or long if you're not a talented stacker) But probably a little less due to wear.

Weight : 0.365 oz/troy.

5000 x 0.365 ozt = 1,825 ozt / 12 ozt to a lbt = 152.083 lb/troy. (1825/16=114.06 regular lbs.)

With a GSR of 75 to 1 (per Kco a few minutes ago) 1825 / 75 = 24.333 ozt. A bit lighter to move around

Correct my math if I'm wrong and I'll update post.
 
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newmisty

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I purchased from one supplier in Delaware. 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 .
"Aye Matey, you' fit right in here! Arrr!" (Insert sounds of jingling coins, swords & scabbards)

Screenshot_20210813-090527~2.png
 

newmisty

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Just some fun statistics.

The thickness of a half dollar is 0.085 inches so a stack of them is . . . . . . . . .

5000 x 0.085 inches = 425 inches / 12 inches to a foot = 35.4167 feet tall (or long if you're not a talented stacker) But probably a little less due to wear.

Weight : 0.365 oz/troy.

5000 x 0.365 ozt = 1,825 ozt / 12 ozt to a lbt = 152.083 lb/troy. (1825/16=114.06 regular lbs.)

With a GSR of 75 to 1 (per Kco a few minutes ago) 1825 / 75 = 24.333 ozt. A bit lighter to move around

Correct my math if I'm wrong and I'll update post.
You're awesome!
 

SteveL2021

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"Aye Matey, you' fit right in here! Arrr!" (Insert sounds of jingling coins, swords & scabbards)

View attachment 221127


That looks nothing like me, I am left handed.

Guys I am going to do a sale tues/wed this week of 1000 coins with a respected member of this community face to face. After that I will return to discuss the other 4000 coins I am selling. I may even sell more via gold trades as previously discussed. I think it will be easier to proceed after I have this initial transaction under my belt. I will still send first or meet face to face only as previously agreed. I am aware this trade is a minor step forward, but a step nonetheless.

Thank you all again for the advice & assistance in this thread.
 

Goldhedge

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So a gold for silver trade might be entertained? No cash required?
I'd be real interested in that...
Spot for spot is a clean trade. No need to mess with what the market will bear because we all know it's all manipulated.

I have a 1oz maple.

We'll have to figure out the math gold vs silver content... 0.715?

Someone want to do the maths? 1oz AU for Junk at 0.715
 

BigJim#1-8

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As of this post.
Gold $1778.00
Approx $104.00 Face Value Junk Silver=$1785.00
 

Goldbrix

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Spot for spot is a clean trade. No need to mess with what the market will bear because we all know it's all manipulated.

I have a 1oz maple.

We'll have to figure out the math gold vs silver content... 0.715?

Someone want to do the maths? 1oz AU for Junk at 0.715
U da Trade. U should Know already. :bang head:
 

Goldhedge

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U da Trade. U should Know already. :bang head:
but face value isn't silver value. You'd be correct if it were silver bullion.

Approx $104.00 Face Value Junk Silver=$1785.00
I'm terrible at math word problems ... but if

The Gold Maple Leaf is legal tender with a face value of 50 Canadian dollars. The market value of the metal varies, depending on the spot price of gold. Having a .9999 millesimal fineness (24 carats), in some cases .99999, the coin is among the purest official bullion coins worldwide. wiki​

Junk 90% silver is 0.715 silver not .9999
According to
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.

My calculation shows ($1785) face value of silver (0.715) is really only $1276.28

It would have to be $2500 face to be $1787. 2500(0.715) = 1787

Am I missing anything?
 

ttazzman

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but face value isn't silver value. You'd be correct if it were silver bullion.


I'm terrible at math word problems ... but if

The Gold Maple Leaf is legal tender with a face value of 50 Canadian dollars. The market value of the metal varies, depending on the spot price of gold. Having a .9999 millesimal fineness (24 carats), in some cases .99999, the coin is among the purest official bullion coins worldwide. wiki​

Junk 90% silver is 0.715 silver not .9999
According to


My calculation shows ($1785) face value of silver (0.715) is really only $1276.28

It would have to be $2500 face to be $1787. 2500(0.715) = 1787

Am I missing anything?
not sure what you guys are doing on your abucus's but try this

so at current kitco prices listed above .....so $1779.7(gold spot .999) / 23.73 (silver spot.999) =75oz (.999silver) /.715(90% silver conversion) = 104.89 (face value 90% silver).....................so 1oz gold would equal $104.89 face value of 90% at the current prices........check my work but this should be the correct formula to put #s into
 
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AurumAg

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AurumAg

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Hi Steve, and welcome to GIM2!

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.

I'm pretty sure you figured it out already, but you came to the right place.

This is the BEST forum in the known universe.
 

Goldhedge

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not sure what you guys are doing on your abucus's but try this

so at current kitco prices listed above .....so $1779.7(gold spot .999) / 23.73 (silver spot.999) =75oz (.999silver) /.715(90% silver conversion) = 104.89 (face value 90% silver).....................so 1oz gold would equal $104.89 face value of 90% at the current prices........check my work but this should be the correct formula to put #s into
Which is why I posed the question...

many hands make light work.
So 208 Franklins for 1 TOz of .9999 Au? (the question mark is rhetorical).
Sounds about right.

As of this post.
Gold $1778.00
Approx $104.00 Face Value Junk Silver=$1785.00
Pretty cool calculator... I didn't see this before I bastardized the calculations myself. Never did like word problems.
 

vichris

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I'm way late on this, but does the OP still have some Franklins available for trade or sale.
 

southfork

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Id go melt for 100 face of them