leon21 Posted August 27, 2011 Share Posted August 27, 2011 Now might be a good time to pick up any german silver coins going cheap, with the way precious metal prices keep going up and up. Here's some pics of mine. 1 Quote Link to comment Share on other sites More sharing options...
RAF635SQ Posted August 27, 2011 Share Posted August 27, 2011 I take it you wont sell them to a metal dealer I bought a huge tin full of WW2 German coins a few years ago at a car boot sale for £2, not really worth much but you cant go wrong for £2 for an entire tin of 100's of them. 1 Quote Link to comment Share on other sites More sharing options...
leon21 Posted August 27, 2011 Author Share Posted August 27, 2011 The average scrap value for a silver 5 reichsmark coin is about £10 on the weight alone at the moment if you have a tin full of silver coins you stand to make a very good profit. Personally I would keep a few for the collection and anything left you already have sell on. 1 Quote Link to comment Share on other sites More sharing options...
RAF635SQ Posted August 27, 2011 Share Posted August 27, 2011 It would be a shame no matter how common these are to scrap them. I personally think its wrong to scrap anything historical. The famous Tiger tank in France which is a veteran of the Falaise gap almost got the torch along time ago, back then a tiger tank was worth nothing but scrap to everyone I just think its sad to see coins like this scraped for money, you have some nice clean examples there to, some of which are quite desirable to the right people for a lot more money than £10. 1 Quote Link to comment Share on other sites More sharing options...
Greg Posted August 30, 2011 Share Posted August 30, 2011 I have to side with leon, part of collecting is improving a collection and keeping prime examples, the rest you have is used as barter, trader and sales items to increase your collection. if someone is paying way over value for a common item is only helps to destabilize the collecting market and also con someone out of a lot of cash for essentially a swindle. It happens but the buyer is either a fool or ill-educated to the market values. 1 Quote Link to comment Share on other sites More sharing options...
RAF635SQ Posted August 30, 2011 Share Posted August 30, 2011 Ah good point Greg I didn't see it like that at first. 1 Quote Link to comment Share on other sites More sharing options...
Greg Posted August 31, 2011 Share Posted August 31, 2011 Ah good point Greg I didn't see it like that at first. it is how the housing market crashed - people paying way over value for something not worth that value. It can happen with the collecting market too... what would happen if tomorrow everyone started to say WWII Jeeps are worth £80,000 and you had bought it for that and then two years from now you find out it is only worth £10,000. 1 Quote Link to comment Share on other sites More sharing options...
Kenny Andrew Posted September 1, 2011 Share Posted September 1, 2011 selling items for scrap prices is OK as long as the items are not actually scrapped, so many times we get offered WW1 trios where the silver war medal has been sold for scrap. As long as items are sold as scrap then sold on again rather than being melted down then it is OK , but I would hate to think of medals coins etc being melted down just to make a piece of jewellery. 1 Quote Link to comment Share on other sites More sharing options...
Greg Posted September 2, 2011 Share Posted September 2, 2011 Like French Cannon being used to make Franco Prussian War medals for combatants in Germany Kenny? 1 Quote Link to comment Share on other sites More sharing options...
Kenny Andrew Posted September 2, 2011 Share Posted September 2, 2011 That would probably be acceptable as well as making VC's from the Chinese made cannon used by the Russians at Sebastopol 1 Quote Link to comment Share on other sites More sharing options...
leon21 Posted September 2, 2011 Author Share Posted September 2, 2011 I think when we talk about scrap prices, all we mean is that it is the minimum market price you can expect to get. Many dealers try and buy items for less than that value, or pay up to the market value then try and sell the item for as much as they can get to make their profit. You only have to watch some of the antique programmes on tv to see how its done. 1 Quote Link to comment Share on other sites More sharing options...
Kenny Andrew Posted September 2, 2011 Share Posted September 2, 2011 I knew a dealer who would buy scrap gold and he actually did melt it down as he was making a gold bar which I thought was pretty cool, I have not seen him in a few years I wonder how big the gold bar is now, I told him to put a reichbank eagle and swastika on it 1 Quote Link to comment Share on other sites More sharing options...
david f Posted September 30, 2011 Share Posted September 30, 2011 just to add to the comments on the ww1 trios.Many of the silver medals are melted down for scrap value. There was a story on another site of a dealer in India buying all the silver medals he could ,many of them ISM ,and throwing them into a melting pot!Just how much history has been lost due to the greed of some people? 1 Quote Link to comment Share on other sites More sharing options...
leon21 Posted February 24, 2012 Author Share Posted February 24, 2012 Cheers Macca, your very lucky to have so many. 1 Quote Link to comment Share on other sites More sharing options...
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