Did I get a good deal on these?

[Lenny7888]

Today I received 7 1964 Kennedy half dollars what would you call the grade on these? I payed just under 50 delivered do you think I got a good deal as I have been offered more at reduced rate just wondering if I should buy more thanks.

 

[JB3]

I don't go for numismatics; you bought a shade over 2.5 toz of silver for 50.

On that basis, not a great deal but somebody else might come and salivate over the beauty of the coins and pay a bucketload more.

 

[Lenny7888]

I don't go for numismatics; you bought a shade over 2.5 toz of silver for 50.

On that basis, not a great deal but somebody else might come and salivate over the beauty of the coins and pay a bucketload more.

I don't normally get coins for the fact their coins normally for the silver content but they seemed a good deal. I was thinking of buying them at the reduced rate to sell on as most go for 8-12 a coin.

 

[colu41]

Ill be honest and say not the greatest deal. In pounds I believe that is about $82 US dollars? Which would come out to over $11 a piece. At local coin shops can currently be had for $8-$8.50 USD. And yes ebay they sometimes go for $12-$15 if you're lucky. But that's if you're selling one at a time and figuring in shipping and ebay fees you'll be losing for sure.
So in my humble opinion hold on to them and wait for a price jump in silver before you decide to sell.
Plus, US halves are super cool to stack

 

[Lenny7888]

Ill be honest and say not the greatest deal. In pounds I believe that is about $82 US dollars? Which would come out to over $11 a piece. At local coin shops can currently be had for $8-$8.50 USD. And yes ebay they sometimes go for $12-$15 if you're lucky. But that's if you're selling one at a time and figuring in shipping and ebay fees you'll be losing for sure.
So in my humble opinion hold on to them and wait for a price jump in silver before you decide to sell.
Plus, US halves are super cool to stack

Thanks for your advice your both spot on on the pricing I payed just under 7 a coin I was offered a kilo of the things for 400 but I didn't want a kilo I'm thinking of buying more at the reduced rate of 6 a coin delivered just to stack and hold as they are a nice coin.

 

[JB3]

I was thinking of buying them at the reduced rate to sell on as most go for 8-12 a coin.

...I'm thinking of buying more at the reduced rate of 6 a coin delivered just to stack and hold...

The reasons for buying something an asset - and indeed, your plans for selling, if ever - are integral in determining how much you should be willing to pay for it. You've confused me a bit with your two statements above so 'I don't know' is then the accurate answer to your original question.

In pure silver terms, it isn't great value for money. In numismatic terms, it might be but doesn't sound like it from colu41's post.

If you just like them and aren't going to sell until the silver price markedly changes, then it's probably a fair deal. If silver prices go astronomical, then anything with silver in it is a good deal now. But other things are better deals.

 

[Lenny7888]

I was thinking of buying them at the reduced rate to sell on as most go for 8-12 a coin.

...I'm thinking of buying more at the reduced rate of 6 a coin delivered just to stack and hold...

The reasons for buying something an asset - and indeed, your plans for selling, if ever - are integral in determining how much you should be willing to pay for it. You've confused me a bit with your two statements above so 'I don't know' is then the accurate answer to your original question.

In pure silver terms, it isn't great value for money. In numismatic terms, it might be but doesn't sound like it from colu41's post.

If you just like them and aren't going to sell until the silver price markedly changes, then it's probably a fair deal. If silver prices go astronomical, then anything with silver in it is a good deal now. But other things are better deals.

I know my two posts are confusing I was originally going to buy and sell but after adding in fees and postage it wouldn't be a great profit so now I'm working on a deal to buy them to hold with the rest of my stack but was just after advice as the ones on eBay price varies only shop I can find sells them at 9.50 a coin same quality so I think I got a good deal at 7 so if I get them at 5 or 6 even better.

 

[JB3]

Yes, and so you bought them for less than their usual retail value. But that 'savings' is only realised when you come to sell.

So, if you are 'flipping' them, as you mention the profit margin is negligible (it seems, I know nothing of numismatic coins, only bullion).

If you are buying to hold for the silver, hoping the silver price is going to rise, then these might be cheaper than you can usually get them but there is cheaper silver out there.

If you are hoping they'll develop a greater numismatic premium with time then good luck. I have no idea what drives these premiums except a vague concept of rarity. Knowing nothing about half dollars in themselves, I'd guess they won't be rare in our lifetime...

If you bought them because they are 'pretty' to look at and happen to have some inherent value in the silver, then that's great. But then you should just accept you over paid for the silver because you think they are pretty. Nothing wrong in that - that's the entire basis of jewellery - but someone who doesn't value that beauty isn't going to think you 'got a good deal'.


That's just my view, and hence I only buy bullion if I buy physical. Others do have other views.



JB3

 

[Lenny7888]

Yes, and so you bought them for less than their usual retail value. But that 'savings' is only realised when you come to sell.

So, if you are 'flipping' them, as you mention the profit margin is negligible (it seems, I know nothing of numismatic coins, only bullion).

If you are buying to hold for the silver, hoping the silver price is going to rise, then these might be cheaper than you can usually get them but there is cheaper silver out there.

If you are hoping they'll develop a greater numismatic premium with time then good luck. I have no idea what drives these premiums except a vague concept of rarity. Knowing nothing about half dollars in themselves, I'd guess they won't be rare in our lifetime...

If you bought them because they are 'pretty' to look at and happen to have some inherent value in the silver, then that's great. But then you should just accept you over paid for the silver because you think they are pretty. Nothing wrong in that - that's the entire basis of jewellery - but someone who doesn't value that beauty isn't going to think you 'got a good deal'.


That's just my view, and hence I only buy bullion if I buy physical. Others do have other views.



JB3

I agree I normally buy bullion but sometimes coins I like florins, crowns, half crowns , proof coins even 50% mostly 925 coins I do buy ounce coins and bars of various sizes but I want some variation in my stack thank you for your input.