Silver florins

[SmallSilverStacker]

Good afternoon everyone 

 

just had had a chat with a local coin shop he told me he just had some florin in they are 50% silver I believe . What is the going rate for these before I head over there after a quick google search I believe each coin contains 5.5 grams of silver 

 

any advice would be great 

 

Steve 

[Martlet]

Florins from 1920 to 1946 are 50% silver.  If you watch ebay carefully you might get around spot for a few, but people seem to collect them and push the prices up a fair bit. Though owing to the stronger alloy they dont wear so much and good ones are not too much. 

Pre-1920 they are .925 silver and lucky to get for +20% over spot unless heavily worn.  I rather like the Edward VII design but so do many others and they get expensive quickly. 

[AndrewSL76]

The price of the coin will more often than not be linked to how scarce it is, rather than the PM content.

Here is a good guide/idea - will help when you start looking at the coins!

http://www.coins-of-the-uk.co.uk/values/florn.html

A.

---

Added 0 minutes later...

@Martlet gave a far better answer!! Happy coin hunting!!

[SmallSilverStacker]

Ok so spot price right now is £0.45 per gram 

 

so if they are 50% 

 

the max max I want to be paying is £2.50-£3 a coin (spot £2.47 per coin)

 

or should it be more ? 

[AndrewSL76]

It depends on the date of the coin and the condition. For example, if you see a 1938 George VI in really good condition you should expect to pay a lot more than spot! Check the web-pages I linked to before which gives the following guide for a '38 Florin:

1938

Fine: 6

Very Fine: 8

Exceptionally Fine: 15

Uncirculated: 30

If he is happy to sell you some 50% Florins for 2.50 then please do let me have his address. I do not collect them, but I may start!

Please do note that the price guide is from the website mentioned, and this is not my advice. I have no clue about the price of Florins. Just trying to help.

Oh! and with that in mind - have a quick look at Ebay - not the 'for sale', but the 'sold' section - for instance:

https://www.ebay.co.uk/sch/i.html?_from=R40&_sacat=0&_nkw=1938 Florin&LH_PrefLoc=1&LH_Complete=1&LH_Sold=1&rt=nc&_trksid=p2045573.m1684

Andrew.

 

[SmallSilverStacker]

Just an update been to lcs and bought bullion ( poor condition ) florins for £3.20 each all 50% silver content 

[AndrewSL76]

That’s seems like a great deal. Good stuff.

[SmallSilverStacker]

1 minute ago, AndrewSL76 said:

That’s seems like a great deal. Good stuff.

I thought the same so bought 10 to start with 

[AndrewSL76]

Are you happy to confirm where the shop is!!!!? I may take ten myself!

[SmallSilverStacker]

Yer sure 

 

its called

 

halfway trading 

33–34 Pontmorlais
Merthyr Tydfil
CF47 8UN
Wales