Silver Bullion – Washington Mint Silver Benjamin Franklin Proof

Silver Bullion - Washington Mint Silver Benjamin Franklin Proof

This is one of the first precious metals bullion purchases that I made. I purchased this item from Washington Mint in 1997. It’s four ounces (quarter pound) …
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17 Comments on “Silver Bullion – Washington Mint Silver Benjamin Franklin Proof”

  1. It’s worth the melt value per ounce minus the dealer’s spread times 4.
    Figure on 1 to 5 % for the dealer’s spread depending on the dealer. You
    will almost never get full melt value for any PM sale to a dealer. How much
    collector value Franklin Mint products have is up in the and is probably
    zero unless you can find a buyer interested in your piece. The average PM
    dealer will just give you the value as stated above.

  2. sorry, I thought I had responded to your question. 4 oz of silver is worth
    around $175 in melt value now in February 2013, since it’s about $31/oz. As
    a collectible, since only 25K were made, it could be worth more than that.
    For collectibles of any type, the worth depends on how much someone is
    willing to pay for it. I just go with the melt value when I appraise my
    silver collectibles. If I go to sell it, I’ll go with the collectible
    aspect on top of the melt value.

  3. That is an awesome piece worth much more than the paper version. Don’t you
    wish you would have bought more than one? I remember buying my first silver
    coin when I was eleven. It was a silver eagle and cost $6.

  4. Does any one know how to contact the Washington mint on these Franklin $100
    bucks we had one in gold and now it has come up missing and need to get the
    record when we bought it 720-872-3003 any information
    will help.

  5. my friend bought one back then, they were like $100 bucks. At the time of
    issue they only had like $20 worth of silver. they were overpriced but paid
    off in the long run

  6. I meant WASHINGTON mint. In any case, all those mints work pretty much the
    same in terms of premiums of bullion products.

  7. i have a Washington mint year 2000″1 BILLION” silver and 24k bar like that
    only 25k were made what is the value? its 1/4 lb?

  8. Thanks! I wish I had gotten more back then instead of messing around with
    stocks and mutual funds. But I jumped in big time when it was around
    $12-$13 an ounce, so it’s already reached triple and quadruple the purchase
    prices! I continue to purchase a couple 1 oz coins per month and will
    continue to do so.

  9. thanks for watching and commenting. I bought the Grant one too, but, yeah,
    I wish I could have bought more silver and gold than stock market investing
    back then.

  10. thanks. If I knew back then that silver would explode in value, I would
    have gotten much more.

  11. yes. Franklin mint has HUGE premiums on their products. I assume they are
    mostly meant as collectibles; hence, they have a low production run and the
    “collector value,” assuming that there is one, elevates the price in the
    future. And, back pre-internet days, I didn’t know where to buy bullion
    gold or silver without the huge premiums. Financial products being pushed
    were stock, bonds, CDs and the like.

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