Sell Kennedy Half Dollars: A Quick and Simple Guide
With silver prices reaching unprecedented levels in the past decade, it would be a smart decision to sell Kennedy half dollars. Now, unless you had a tendency to save all of these in the past–though you might be able to make a small profit from selling your personal “from under the couch” collection–you probably are interested in going into precious metals investment in a more significant way. Kennedy half dollars are familiar to all of us, and when you buy or sell silver coins in bulk, they can also provide the seller with a bigger chunk of change than you might have expected.
Kennedy half dollars were first struck in 1964 from 90% silver and 10% copper. Subsequent Kennedy half dollars minted during the period of 1965 to 1970 were minted from 40% silver and 60% copper, reducing their value. During this period, more than 270 million coins were struck from 90% silver, and about 1 billion from 40% silver. These are the very coins that are circulating today and are widely sold to take advantage of the high price of silver on the market.
Because Kennedy half dollars are primarily sold in bulk, the method for calculating the expected price is largely the same as other junk silver coins. The silver content in the coins is known and this information is used, together with the spot price of silver, to estimate the price of a bag when you sell silver half dollars. Say you have a bag of Kennedy half dollars with a $500 face value; that means that there are 1000 silver coins in the bag. Suppose further that these coins are 1964 Kennedy half dollars minted from 90% silver.
This type of coin has exactly 0.36169 ounces of silver per coin or a total silver weight of 361.69 ounces in the bag. If the spot price of silver is $30 per ounce, this translates to an estimated bag price of $10,850.70 per bag. For Kennedy half dollars from 1965 to 1970 and using the same figures, a bag should cost about $4430 per bag.
Kennedy half dollars, because of their great number, are usually bought and sold with a minimum of mark-up on the part of the coin dealer. Premiums are rarely placed on these coins. As a result, their price is very closely tied to the price of silver at any given moment unless you would happen to be in a possession of uncirculated coins which could sell at a considerably higher price because of their condition.
Knowing the aforementioned information should make it easier to determine a reasonable price for your coins after coin dealers adjust the price of the bag relative to his or her own fees.
Once you decide to sell Kennedy half dollars, you will find that it can be a very simple transaction in terms of the process. In its simplest form, you should keep the following two guidelines in the forefront of your mind: know the price of silver on any given day, and have a reliable coin dealer to whom you can turn when you feel it would be profitable to cash in on your investment. Forearmed with this information, choosing to sell Kennedy half dollars is a very simple choice indeed.
Learn more about the best way to sell Kennedy half dollars. Stop by Atlanta Gold and Coin Buyers’ site where you can find out all about investing in junk silver coin bags.
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