99.2% and 50% old silver coins

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Forums › Finance and wealth management › 99.2% and 50% old silver coins

OllieF

85 posts

Master Geek

#306224 5-Jul-2023 11:43

I have a few old silver coins 99.2 silver and 50% silver. I am wanting to work out if its better to sell for the silver or sell to a coin dealer, however NZ gold merchants have two prices.... 62 cents for sterling silver or $1.15 for fine silver and I am not sure which price to consider. Given them a call, and they say they need to see them. I would have thought they should know what price if I can tell them the coin and year, ie Australian florin 1913. Does anyone have an idea which silver price?

cddt

1551 posts

Uber Geek

#3100190 5-Jul-2023 13:44

According to this site, a 1913 Australian Florin would be worth an estimated $18.

https://en.numista.com/catalogue/pieces9267.html

The reason they will want to see it is because the condition can heavily influence the price.

OllieF

85 posts

Master Geek

#3100268 5-Jul-2023 16:12

cddt:

According to this site, a 1913 Australian Florin would be worth an estimated $18.

https://en.numista.com/catalogue/pieces9267.html

The reason they will want to see it is because the condition can heavily influence the price.

That bit I do get, but they are just going to melt it down and extract the silver, so I think they would be able to tell me which spot price for old coinage. I cant be the first person to do this.

Bung

6479 posts

Uber Geek

Subscriber

#3100372 5-Jul-2023 18:42

If a coin dealer could get $18 for a coin they'd be mad to melt it down for $8 worth of silver.

Edit 99.2% or 92.5%(Sterling)

neb

11294 posts

Uber Geek

Trusted

Lifetime subscriber

#3100376 5-Jul-2023 18:51

cddt:
According to this site, a 1913 Australian Florin would be worth an estimated $18.

https://en.numista.com/catalogue/pieces9267.html

The reason they will want to see it is because the condition can heavily influence the price.

The photo on there looks like an MS63 or MS64 coin, which would make it pretty uncommon and quite desirable. Most coins from that time would be rated F (fine, which really means "awful", as in "at least some of it is still legible") or even BV (bullion value rather than any value as coins).

If you really want to get a value for them, grab a copy of Krause, a.k.a. the Standard Catalogue of World Coins, from your local library and look them up.

Edited to add: Why are you selling them as bullion instead of as coins? Bullion value of an 1804 dollar: $17. Coin value of an 1804 dollar: $2-4 million.

OllieF

85 posts

Master Geek

#3100386 5-Jul-2023 19:23

neb:
cddt:

According to this site, a 1913 Australian Florin would be worth an estimated $18.

https://en.numista.com/catalogue/pieces9267.html

The reason they will want to see it is because the condition can heavily influence the price.

The photo on there looks like an MS63 or MS64 coin, which would make it pretty uncommon and quite desirable. Most coins from that time would be rated F (fine, which really means "awful", as in "at least some of it is still legible") or even BV (bullion value rather than any value as coins). If you really want to get a value for them, grab a copy of Krause, a.k.a. the Standard Catalogue of World Coins, from your local library and look them up. Edited to add: Why are you selling them as bullion instead of as coins? Bullion value of an 1804 dollar: $17. Coin value of an 1804 dollar: $2-4 million.

I want to use the sliver value as the minimum value to sell to a coin dealer. I have an offer of 1k for the 73 coins I have, and now I just am trying to work out the silver value, but I dont know whether I use the sterling or the fine sliver price.

frankv

5680 posts

Uber Geek

Lifetime subscriber

#3100508 6-Jul-2023 11:18

neb: The photo on there looks like an MS63 or MS64 coin, which would make it pretty uncommon and quite desirable. Most coins from that time would be rated F (fine, which really means "awful", as in "at least some of it is still legible") or even BV (bullion value rather than any value as coins). If you really want to get a value for them, grab a copy of Krause, a.k.a. the Standard Catalogue of World Coins, from your local library and look them up. Edited to add: Why are you selling them as bullion instead of as coins? Bullion value of an 1804 dollar: $17. Coin value of an 1804 dollar: $2-4 million.

Surely this is a job for some AI and a camera? If you can take a photo of a leaf and find out what kind of tree it is, then the same would apply to identifying a coin and it's F/BV/whatever rating? And there is... https://play.google.com/store/apps/details?id=com.miccron.coinoscope