Wednesday, September 24, 2008

Junk silver quarters on Ebay

Read the Junk Silver Blog here.

Ebay is like having a permanent garage sale extraordinare going on next door. You can literally find anything there including some things you would rather not know about.

I check Ebay regularly for junk silver (pre 1965 U.S. silver quarters, dimes and halves which are 90% silver). Sometimes you can find a coin dealer selling a good lot and other times the sellers have product descriptions that sound like something from a comic book. Remember those stamp ads in the back of comic books?

"Over 300 stamps. Some triangles! All from exotic countries! Some could be very valuable and all 300 for only .25 + shipping and handling!".

When I am looking for junk silver quarters on Ebay , I am more likely to bid on a small lot, say one roll then a large batch of 200, or 300 quarters. Why?

First is cost. I can afford a roll of dimes or quarters from my budgeted spending money. A $500.00 or higher investment is more than I can part with on a whim these days.

Also, I feel safer buying a small amount from a seller until I have a level of trust with them.

One more thing. Despite the contractions of the U.S. economy, don't feel compelled to liquidate your savings and pour it into junk silver coins or gold buillion (unless you really want to). Buy cautiously and remember, "buyer beware".

I would hate to receive a roll of slugs from an Ebay deal gone bad.

Read the Junk Silver Blog here.

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