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Thread: 40 percent Kennedy half dollars? Any resell issues?

  1. #1

    Default 40 percent Kennedy half dollars? Any resell issues?

    I have always ignored these. I either want pure Silver or at least 90 percent. I am rethinking the value of these. They can be had for under $2 dollars per ounce of silver and no matter how cheap silver goes in the future you will always have the face value. My only concern is in reselling and getting at least spot out of them.
    I have never had an issue selling any form of Silver for at least spot and can't imagine these would be different.

  2. #2

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    Theses coins are underrated. Actually they are 80% silver clad with an inner core of 29% silver. I have never seen an Eisenhower 40% sell anywhere near melt.

    https://www.jmbullion.com/ultimate-g...-silver-coins/

  3. #3
    Join Date
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    Probably do better buying casino tokens with a silver core. I used to find them undervalued for the longest time. Haven't checked recently.
    ...be your own Health Care System... grow your own and eat well

  4. #4

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    "Probably do better buying casino tokens with a silver core. I used to find them undervalued for the longest time. Haven't checked recently."

    Never heard of these.

  5. #5

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    Theses coins are underrated. Actually they are 80% silver clad with an inner core of 29% silver. I have never seen an Eisenhower 40% sell anywhere near melt."

    I might have to pass then.

  6. #6

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    Some like them, most don't.

    If you really really really want to buy some silver but find that the premiums are downright ridiculous consider parking some of that money on the SLV ETF. It tracks the price of silver very faithfully so sans premiums, enough money there to buy 100 ounces today should be about enough money there to buy 100 ounces even a few years from now. If it appreciates you would get hit with taxes on the earnings but that's just how the cookie crumbles.

    I just came back to lurk the forums because I have money parked there and wanted to buy silver but then found out what the premiums are doing. I'm not in a hurry, that money is not going anywhere and if silver dips I may add to it.

  7. #7
    Join Date
    Mar 2009
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    11,765

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    Quote Originally Posted by jjmcwill View Post
    "Probably do better buying casino tokens with a silver core. I used to find them undervalued for the longest time. Haven't checked recently."

    Never heard of these.
    Check ebay.
    ...be your own Health Care System... grow your own and eat well

  8. #8

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    Hey guys, in general those casino tokens are known as "silver strikes", to collectors of them anyway. Some people also call them "limited edition silver tokens" or similar names. It should be noted that even though most of them will say .999 silver and weigh an ounce, that only the center is made of silver, with the remainder generally being made of brass. It often comes out to about 50-60% of the weight of the token, so about 1/2 ounce of silver. And as with anything, it is up to you to decide just how collectible each individual token is "worth", as some of them are very collectible and some are pretty common as you can find them in McCarran airport in Vegas (apparently now Harry Reid International Airport- UGH), or at least you could the last time I was there.

  9. #9

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    40% halves aren't exactly my first choice but I wouldn't rule them out if the right kind of deal came along. As with all the other silver I've ever purchased, I wouldn't be in a hurry to sell it once I got it. jmho for what it's worth.

  10. #10

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    I sold off all of my 40% silver JFK's earlier this year since the premium had increased (along with everything else) and I was sick of looking at them. IMHO, they are underdogs and will always be limited to selling to dealers that are willing to take in less then 0.999 silver. Either to resell or more likely to send off to smelters. While some people will do so also buy them, I think it's s PITA looking for those few and that I didn't need to continue to have to solve that problem. Swapped off at a coin show for 0.999 PM.

    I also am not interested in sterling for the same reason. I once tried to make an exception for a couple thousand ounces of sterling bars once, but the owner had no clue that a troy ounce was different than normal ounce and thought he had more ounces than he did. He then increased his price per ounce to cover the difference when I showed up with cash in hand. So that deal never happened.
    American Legion Preamble: https://www.legion.org/preamble

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