What is the value of the Official Signers Medals first edition sterling silver proof set?

Answer 1

I am learning about this as I go myself. A friend of mine inherited a vast amount of so called collector's coins from his father after he died. I have yet to see the entire amassed collection, but he told me "two long military style wooden munitions crates, plus several square cardboard boxes" full of these. His father got into one or more of those "coin clubs' starting in the 1970s until he passed away a few years ago.

He wanted to know if I would help him sell them online because he has limited knowledge of using computers. I agreed and this is what I have found out thus far.

Any of those so called collector's sets or single coing SSP (Sterling Silver Proof) are only worth the silver contained in the coin.

If you can find a collector who missed out on a particular one, like the one you mentioned, you may be able to sucker someone online to pay the same "club price" you or someone bought it for, in most cases, well over $20. But to anyone else, they know that the collector value is half that, pretty much the base price of pure silver.

Good luck selling it. You can melt it down for silver though, it is LEGAL as long as it is not US pennies or nickels. They passed a law in 2007 punishable fine up to $10,000 and up to 5 years in jail. Reason? The copper and actual nickel in US Coins is worth more than the face value itself.

So bottom line, sell it for slightly more than the pure silver value in TROY weight, by slightly I mean $2-3. Keep it to hand down to someone. Melt it down with other similar pure silver medals/coins in proper ingot molds to sell off.