Pawn Shops

JrGMan2004

I'm thinking about hitting the Pawn Shops, since I'm a bit bored, and the local coin shops are closed, b/c of a local coin show (Can't go, show is 1 1/2 hrs away and I just got back from a Ski Trip to West Virginia, and am very tired of being in cars) and I don't feel like sifting through the junk of EBay to find the gems at good prices. Anyways, I'm not exactly sure what to do/say when I go in... course I don't want to be overly obvious that I'm trying to cherrypick... but you know... I'm just a little bit nervous about trying... any tips? Suggestions that have worked for you in the past at Pawn Shops? Thx...

Russ

I've never found anything at the pawn shops in my area, nada, zip, zilch.

Russ, NCNE

pontiacinf

im with Russ...waste o time

Baley

I've tried looking for coins at pawn shops, never found anything but overpriced junk. I usually just went in to their jewelry/watch/coin case and looked around, asked if they had any more "in back" or whatever.

ksteelheader

I don't do them either....Ken

itsnotjustme

I've found a guy hoping to get a few hundred for silver plated $20G replicas, and another selling polished Morgans for $40 each. I don't bother anymore.

wingedliberty

Its a hit and miss for coins. , but excellent for guns and antiques.

meos1

Besides I think that "hitting" a pawn shop is illegal! Just kiding.

I once found to business strike GAEs, They wanted 500 each when gold was 320 an ounce!

Nothing in pawn shops,

Dan

Baley

excellent for guns

from the pawn shop:

bigtonydallas

I cherried an 1864 Indian with 180 degree rotated reverse die for a buck in about G a few years back. other than that just like everyone else just junk or overpriced.

Mrpawn

As an owner of a pawn shop and an experienced pawn shop shopper I have to agree with the fact that most of the time looking for coins is a waste of time. I can only count on one hand the shops that I have been in that had decent coins, fair prices and a proprietor that had a clue about coins. If & when you find one that does you will often have first chance at the coin inventory if you check in often or talk to the owner and let him/her know that you are serious about buying coins.

The faster that I move the inventory the happier I am. Quick sales often get a reasonable discount as do quanity sales. You cannot expect half off or even much more than 20% off coins because they have to be bought and then held for a period of time before they can be sold by the pawn shop. This is also why you will not find bullion regularly in most pawn shops.

lava

I have seen older gold coins no less than 5 times. Based on what I saw, even though the coins were lightly circulated, all of them looked as though the owner thought he/she would make them look REALLY special by cleaning them up a little before taking them in. Well, the gold is still there, but the numismatic value had been greatly compromised on everything I have ever seen. Still, it would make for a great story if someone hit it big. How about an owner saying, "hmmm, I might have a roll of silver coins," he goes in the back and comes back with a roll of morgans dated 1893-s. Most pawn-shop owners have some kind of coin guide available, and aren't likely to have rare coins pass through their hands without knowing it.

jdimmick

Living in Pawn shop central due to the close proximity of the military base, I can tell you that pawn shops around here have very little coins in them. And when they do, as others have said, thier priced super high. Silver dollars at 17.00 Silver kennedy's at 6.00, etc.

Most of the gold coins that come through have been removed from jewelry or are still part of jewelry.


When I use to travel around the country, on occasions you would find a Pawn shop that carried decent coins, but usually its becuase the owner of the shop collected them or dealt with them inthe past. Most of the time, they would have a few out, but if you looked like a serious buyer, they would go to the back and bring out better stuff.


Sorry yall, I hit the return button to fast and had to run.

Baley

lol, he hit reply instead of return lol

lava

I hope he finishes that thought.... I was on the edge of my sight waiting to hear from pawn shops central.

Baley

I hope he finishes that thought.... I was on the edge of my sight waiting to hear from pawn shops central.

LMAO!

... and I'm the one drinking the 8 year old Barbancourt Rhum tonight, and I'm only on the edge of my seat

BillJones

The few times I even went to pawn shop looking for coins, I found zip, zero, nada, and an owner that was about as friendly as a dog with rabies.