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- - 90% silver value (http://goldismoney.info/forums/showthread.php?t=33889)

dust_bunny | 04-13-2006 06:29 PM
90% silver value How does the price of what you can sell your 90% silver coins vary with the spot price? I would have thought that if the spot went up 10% the price of the 90% would have also been up 10% but their "buy" price is lower than that. The small amount of 90% I have is all marked as BU and then has some sort of numismatic lettering. 1960 - P MS 63-65 on the franklin halves for example. Other codes are I.L or I.L.N on the quarters and dimes, do those mean anything in particular. The coin shop guy made a slight comment about them being a good deal, but I was just there to get the 90% silver. He said last week a guy came in with 27 bags that they had originally sold him a few years ago. They rented a u-haul to carry it off to the melters.

dust_bunny | 04-13-2006 06:40 PM
Re: 90% silver value I'm holding them for now (I didn't make it clear that I just bought them at the 90% value and I was looking at apmex.com for their values). The coin dealer brought out all he had and it was all uncirculated and in tubes.

DBcooper | 04-14-2006 06:24 AM
Re: 90% silver value MS means Mint State and grades can very from say MS 60 Brilliant Uncirculated (BU) to MS65 and some even up to MS69 and MS70 that being said anything over MS60 is considered by most not only numismatic but invest grade coins. Then its broke down to how many were struck in and out of circulation ,melted and so on.

FiftySense | 04-15-2006 03:05 AM
Re: 90% silver value I never buy silver on it's collectibility but rather it's spot price. I could probably buy 3 or 4 or ounces of .999 pure for what I could buy a mint morgan for. And not to say anything bad about the Morgans because I have a few. It's the weight that is going to matter when the prices rise.

Ardent Listener | 04-15-2006 08:46 PM
Re: 90% silver value Right, I had some 1996 silver eagles that I traded off to a dealer a short time back. I would rather have the three more common date silver eagles for each 96 that I traded.

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