Sliver is nearly 44 bucks an ounce.
The mark down for selling gold is 10%, IIRC.
Nobody that I know of buys it at the 44 bucks. Coin dealers will buy it for a mark down....a big one, then sell it at a preimum in quanity to investors. A good racket.

I'll buy US silver coins for 30 bucks an ounce, but I'd recommend you hold on to it.
I sold some to pay for Christmas. Since then silver has gone up about 40%....oops.:confused:

Guess things are worth what people are willing to pay for.

But, since they were owned by your grandfather, wouldn't they be priceless to you? Seems like a heirloom cache to hand down for generations.

Last night's finds: Several early gold coins from Mexico. 1759 silver coin from Wurttenberg (Germany), the capital city was Stuttgart. A 1490 silver coin from medieval Hungary. An Iranian silver coin from 1333. Early coins from China, Iraq, Finland, Switzerland, Finland, Prussia, Netherlands, Columbia, Argentina. Although there are many 1000s of dollars here, the time needed to sort and sell them individually would be like starting another business! Might just pick out some of the more interesting coins and make a cool wall display as a tribute to my grandfather. And I'll probably save the search for the $25,000 Indian Head penny for my retirement years - an activity I can do from my rocking chair ;)

"The mark down for selling gold is 10%, IIRC"

I've been buying it for about 2% under spot; I keep saying I'll never make it in this business.
Jim

[QUOTE=J P Stein;5974147]Sliver is nearly 44 bucks an ounce.
QUOTE]

OK, that was yesterday, it's over well over 45 today.

I'd not worry about your minimal 2%. As long as the politicians keep devaluing the USD you're good.

All this showing a lack of confidence in the USA currency...pretty disturbing but not surprising with all the "stimulus" bucks flooding the money supply. Only the fed can print money & be legal...;)

I only collect foreign coins. And even then, these are usually obtained as change or found on a street. I would NEVER pay for coins.

The only exception is the golden dollar coins from the US Mint. :D

Interesting! I collect US paper currency with pictures of deceased Politicians! I'm just missing some of Benjamin Franklin - anyone got some extras?

I have my Dads military scrip from Japan. No value other than sentimental. But if you happen to find a doubled Lincoln penny from '69...cha-ching!

One good use of old coins is jewelry for the wife and daughters. Jewelery stores sell frames for them- we used Mexican gold 5peso for earrings, and the 20peso coin for a necklace. They really love them, and I think it is better than just keeping them tucked away in a safe.

From a collector's perspective, it is sad that most of the US silver coins we have saved are valued by the bag rather than per piece.

I just gotta give a shout out to JP here...indian head pennies arrived, and I'm in contact with the man who makes custom joint protectors for custom cues. Mine will look similar to the top row, far right. Matching the woods used in my cue.

Custom Joint Protectors - *Jerrys Cues

Most collection coins end up hidden away. These will be looked at every time I open my cue case...:D

April 21, WLS-TV 7 Chicago – (National) Customs: Fake coins from China seized. Chicago, Illinois Customs and Border Protection (CBP) intercepted a shipment of counterfeit coins from China last week. After noticing an irregularity in the X-ray of a heavy package being sent to an Illinois residence, customs officials say they discovered 361 coins that appeared to be U.S. Trade Dollar coins with dates between 1873 and 1878. Analysis of the coins revealed that they were made of brass with a thin silver-plated coating. According to a news release from U.S. Customs and Border Protection, the original U.S. Trade Dollar coin was minted from 1873 to 1878. Customs officials say some of these coins can be sold for as much as $2,000. According to officials, the recipient of the shipment was intending to sell the fake coins online. “Legitimate traders are being duped into buying these coins believing they are genuine,” said the CBP Director of Field Operations in Chicago. “We strongly recommend buyers or any consumers to be aware and use caution when making these types of purchases on the Internet.” Source: Customs officials in Chicago seize fake U.S. Trade Collar coins arriving from China | Officials warn of scams | abc7chicago.com

Anything collected of high value can be, will be, and is being counterfeited. Anybody here dumb enough to think that collectable Porsches are immune?

J.P., if you read this...the Indian head pennies went off to the guy who makes joint protectors earlier today. Many thanks! :D

I bought my first fake trade dollar 20 years ago. None since though.
Bought a fake troy pound of silver a couple of years ago.
I try to learn something every day.
Jim

A guy at work approached with several coins that someone was trying to sell to him. I wouldn't be surprised if they were all fake. The were siler floors dated between the mid 1800s and early 1900s.