What to do with Kennedy half dollars?

[Barney]

I bought a roll of Kennedy halfs for spending purposes only. What I ended
up getting was about half of them from 1967 and 1968. Now I don't know
what to do with them.

I know I could use them at face value, but I also know they are 40%
silver...meaning (from what I've read;) the value of silver alone is close
to $3 each. I assume unless I'm a coin dealer...there's no way I could
even fetch close to that amount. I'm not a coin collector, and I'm not one
to be selling coins via Ebay.

So what do I do with them? How much could I expect to get by selling them
to a retail coin dealer? Would a retail coin dealer even buy them? The
condition of them are not anywhere near mint, or even uncirculated. In
fact they are kind grungy; and I have no idea if that means anything if
someone is buying them just for the silver content alone.


Thanks,


Barney

[Ken Barr]

In article <XnsA660233FD87...@216.166.97.131>,

They are certainly worth more than face value, so don't spend them.

The current deeler buy on 40% silver is about 5.6 times face value,
or $2.80 per half dollar. This is generally BY THE BAG ($1000 face
value), though, so smaller quantities are generally purchased at a
smaller multiple. (It takes a lot more work to buy 200 lots of $5
face than one lot of $1000 face, so the deeler takes the value of his
time into account.) At a shop where I used to help out, when silver
was at this level, we'd pay between 4.0 and 5.0 times face depending
on the amount being purchased.

Just call a few local shops and ask "How much are you paying for
$xx face of forty percent silver?". They should be able to quote
you a ballpark figure, somewhat subject to change if the spot price
changes dramatically between the time you call and the time you
show up to sell.

--
Ken Barr Numismatics        email:  k...@kenbarr.com
P. O. Box 32541             website:  http://www.kenbarr.com
San Jose, CA  95152     Coins, currency, exonumia, souvenir cards, etc.
408-272-3247   NEXT SHOW: Santa Clara August 26 -28

[Tommy Jasmin]

Barney - I suggest two things:

1. Go back to wherever you bought this and buy a few more :-)

2. Throw the silver ones on eBay as a lot and see what happens. There are buyers who accumulate coins like this simply for the melt value, as an investment.

Good luck!