Poll of the Day > I bought 67 quarters for 268 dollars yesterday.

(+) Yeah! (+)

Silver quarters(pre 1965) in Whitman folders. 67 quarters.

My friend was talking with a customer of his and this guy was going to go to a cash for gold place, but somehow he settled on the figure of 67/268 so they do not go to one of those places. He's broke, so he called me(the person who got him into coin collecting) and after some quick math I decided to take that deal.

The Dog(spot) says the .1808 Ag in a quarter is 3.95, and I paid $4 per quarter

But today the .1808 Ag makes each quarter worth $4.08, so I am ahead.

I dont have them yet, but my friend does, and I am picking them up tonight. I don't know what years are included, but some Washington(1932-1998) quarters are fairly rare and worth hundreds+ depending on condition, such as the 1932 D and S. My friend said there were "key dates" in the mix, but he asked me if I wanted him to elaborate and I said no. I want to be surprised.

Man, this is exciting.

butwhy.gif

Because I am a coin collector. But more importantly, the silver content. The bare minimum price you should sell these for is the current spot price X .1808. This deal is only going to make me money when I sell.

I generally prefer to find coins, and not pay for them, but nearly spot for these quarters is definitely something to look in to. This is a little over 12 ounces of silver for spot. Hell yeah i'll take it.

Whats your coin collection look like now? Are there any pieces you flat out refuse to sell at all?

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Well, my coin collection isn't much of a collection in some ways. It's stuff i've found through the years, but nothing is in Whitman folders like these quarters(book with holes in it for each coin so you can track your progress and complete a set), and I have little interest in collecting all the coins. For me the motivator has been money, but over time I've gained appreciation in other ways, like the history and all that, but if I wanted I could get a modern Whitman album for national parks quarters and then get rolls from the bank and go to town filling it up.

Are there things I've never sell? Well, I'd say there isn't, but to date I haven't really sold anything. Initially I wanted to sell a lot of stuff, but then I realized I had some sense to joy keeping it...most of the things I have aren't super valuable, though....it's kinda tricky. I never envisioned having 500+ $1 bills at the start, now I couldn't imagine life without em.

i bought 268 quarters for 67 dollars yesterday

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I collect silver and gold myself. I have a bunch of mercury dimes and a few other silver coins. But mostly just rounds and bars.

The heck is spot in this context?

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Spot price is the price right now for one troy ounce of silver.

Kind of like a stock's current trading price. It changes daily, and throughout the day some.

A silver quarter has .1808 troy ounces of silver in it, so even the worst condition silver quarters are generally worth way more than 25 cents.

Right now, the Ag(silver) content of a quarter is worth: .1808 X $22.68(what one ounce is worth)...so $4.10.

The metal content of a quarter is 90% silver and 10% copper. a modern quarter is some combination of copper/nickel clad and worth cents.

At a fairly modern low of $12.45 achieved in the pandemic, one of these quarters was worth $2.25

At a fairly modern record high $47.04 in 2011, the value is $8.51 that is $570.

But then we consider that some of these are semi key dates.

There are no 1932 D or S unfortunately. At a mintage of around 400,000 each they are valuable in almost any condition. around $100+ in bad condition and a few thousand in amazing condition.

I have some that are under 10 million minted, with a rough value of 10 to maybe 15 bucks, according to my Red Book. Most of these quarters are rough, but oh well.

Not that amazing...but just some added value. then, we consider that I could have some varieties, which I will check for at some point. I see things like a 1942D, which I have, containing a doubled die obverse, making its value a couple hundred dollars. I'd estimate my chances of finding most varieties, and indeed this one, at less than 1%, but, added potential value as well.

This is the kind of deal I would be willing to take almost any time. It's an investment that has almost zero downside.

Wow, if you are willing to pay 268 dollars for 16 bucks and some change in coin I got a bridge to sell you.

is the silver content on par with the price? If so...yes.

I've got some old coins myself. I got a 1920 wheat penny that's supposedly worth 900 dollars but I doubt that's the case though.

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You got ripped off

you could have gotten unlimited quarters using my proprietary algorithm

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