Silver under spot: Free money on ebay.
Posted 12th September 2012 at 03:24 PM by cbader
I have my pretty fiancée trained pretty good now to check her change whenever she gets some. She has found about 5 or 6 silver coins over the past year (mostly silver dimes). It's also now really fun for her, which I'm very happy to see. There is silver in any dime or quarter before 1964. So she has gotten this habit of bringing me any coin that looks old.
So just the other day she brings me in an old nickel, and I’m instantly kind of like well that’s nice but it probably isn’t worth anything, but hey I’m right in front of the computer so lets take a look. Low and behold according to cointrackers.com the 1949 nickel’s numismatic value was anywhere from $2.80 to $8. I doubt it's really worth that, but it got me thinking. I checked eBay to see if anyone was selling nickels, because after all it’s only worth what someone is willing to pay for it.
Mostly what I see on eBay are folks selling the war time nickels from 1942 to 1945. Coinflation has these nickels melt value at $1.89 (35% silver content), but after checking the price for these coins on eBay I found the buyers were getting the metal under spot price! This is unheard of! Nice!
This auction which will be closed by the time I make this post looks like it will have sold for $135 for 80 wartime nickels. The melt value in these coins is worth $151 (a $1.89 per coin X 80). Gee, would you like $16 for doing nothing?
Read the whole article here: http://www.taoeconomics.com/content/...ut-your-nickel
So just the other day she brings me in an old nickel, and I’m instantly kind of like well that’s nice but it probably isn’t worth anything, but hey I’m right in front of the computer so lets take a look. Low and behold according to cointrackers.com the 1949 nickel’s numismatic value was anywhere from $2.80 to $8. I doubt it's really worth that, but it got me thinking. I checked eBay to see if anyone was selling nickels, because after all it’s only worth what someone is willing to pay for it.
Mostly what I see on eBay are folks selling the war time nickels from 1942 to 1945. Coinflation has these nickels melt value at $1.89 (35% silver content), but after checking the price for these coins on eBay I found the buyers were getting the metal under spot price! This is unheard of! Nice!
This auction which will be closed by the time I make this post looks like it will have sold for $135 for 80 wartime nickels. The melt value in these coins is worth $151 (a $1.89 per coin X 80). Gee, would you like $16 for doing nothing?
Read the whole article here: http://www.taoeconomics.com/content/...ut-your-nickel
Total Comments 4
Comments
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Just goes to show theres money in...money.
But really. It's interesting to see how you can make money in unexpected ways. This sounds like a great deal for everyone involved. The seller is getting some cash, the buyer is getting good value, everybody wins.Posted 13th September 2012 at 05:42 AM by hebsgaard
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Yep, I doubt this gap in war nickels will last. A great way to get silver right now.Posted 13th September 2012 at 11:07 AM by cbader -
It is really interesting to think of what coins are still floating around out there.Posted 17th November 2012 at 11:54 PM by LeadGenie - No doubt. You'll still find silver coins in in your change, I even got a buffalo nickel back in change from a 7/11 once.Posted 18th November 2012 at 03:47 PM by cbader
