Tips on How to Sell Your Old Walking Liberty Half Dollars for Extra Money
Do you have a pile of old silver Walking Liberty Half Dollars lying around that you inherited, or that you obtained out of circulation ages ago? Those old silver half dollars are worth more than 50 cents each.
Walking Liberty Half Dollars were produced from 1916 through 1947. Unbelievably, some people think that older money may not be worth anything due to it is no longer used, that it is out of date and obsolete. This is so wrong and is not the case. They are worth more than face value mainly because of their silver content. Many older coins are worth more than newer ones, but that is because they also had lower mintages than coins of present. In the Walking Liberty Half Dollar series, many half dollars have a market price that is tied to the metals market, but a few can be worth much more than that.
One mistake many people have is that these coins are solid silver. But they are not 100% silver. They were made out of a 90% silver and 10% copper alloy. Another misunderstanding is that if you had 2 half dollars, this is one ounce of silver. Again, not so. One half dollar weighs .401880 ounces. If you had 2 silver half dollars, they would weigh .8038 of an ounce. Then take into consideration that they are 90% silver and you can see that computing the price is not just taking the current silver price.
Now that we have completed some background on the coin, how do you sell your accumulation of Walking Liberty Half Dollars? The procedure is not has hard as you may expect, and in actuality is quite easy. Today, nearly all silver coins, mainly those dated from 1900 through 1965 are simply sold as a percentage of face value, as are those before 1900 that are very worn. In simple terms, a dealer may quote that s/he is paying 20 times face. This means for each dollar in face value of silver coins, the dealer is paying $20.00. So if you had a roll of silver half dollars, which contains 20 half dollars or $10.00 face, take the face value of the coins ($10.00 times $20) and you get what the dealer may pay. So in this example, a roll of silver half dollars may be worth $200.
This is an easy way to find out the estimated value of your silver coins. Of course, the coins are only worth what someone is willing to pay for them. Without a written proposal, they might has well be worth nothing.
Some folks think that cleaning a coin will make it worth more. After all, who wants a dirty coin? So, should you clean your coins? The reply to that is always no. Even if the coins are average/non collector coins, you ought not clean your coins as there is always a chance there may be a rare coin, die error, etc,. in the batch and you do not to diminish the overall value. The fact is, cleaning coins reduces the worth. Do not clean your coins.
When you want to dispose your coins, there are many places you can go, but in my mind the best value is to speak to a coin dealer. Places like Craigs List may be an easy choice, but you will be contacted by many weird people and likely swindlers. Be cautious of large ads in newspapers from traveling coin buyers. Many folks view the coin dealer like the used car salesperson. But in reality, the coin dealer, whether online or at a shop is probably to give you the biggest money for your coins as who else knows the value better than someone who is in business to buy and sell coins.
Universal Coin Buyers buys coin collections of all kinds. Their website has recommendations on selling your coin collection. To get more knowledge on selling your Walking Liberty Halves go here . Go over to his websites for recommendations on how to dispose your coin collection.
Published: February 19, 2012, 23:18 | Comments Off on Tips on How to Sell Your Old Walking Liberty Half Dollars for Extra Money