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B&M can be fun. Today it was for me, plus I picked some cherries.

SanctionIISanctionII Posts: 12,485 ✭✭✭✭✭
I have not stopped by a B&M for months. I did so this afternoon.

The owner said hi and told me I should have bought 1947, 1948 and 1949 mint sets he picked up some time ago and that he offered me last spring [I passed cuz money was tight, though I really wanted the sets]. He sold them on EBay and did very well [the 1947 set went for $1,700.00]

He was serving a walk in customer who wanted to sell. It was a woman with an 11 month old daughter. She had brought in a box of "coins" her husband had bought over time from TV coins shows. The owner looked through everything and told her a price not much more than face value. He told her that TV coin shows sell common stuff and prices unrealistically high and that the rolls of new nickels her husband bought are worth face value since you can go to the bank and gets rolls of new coins at face value.

The woman was disappointed, took the box of coins back and stated she was going to have to have a long talk with her husband about him buying coinsimage

After the woman left, I chatted with the owner. He told me that every day he had people walk in with stuff similar to what the woman brought in. However he also said that he has picked up some good stuff recently from walk in customers, including an MS 1862 S gold Half Eagle. image

He said that great coins that come in are resold immediately since he has buyers lined up with want lists. He said dross also comes in that he does not buy. He said that middle of the road coins that he would buy and put in his display cases are not coming in.

I saw a neat holder with 1957, 1958 and 1959 proof coins in it. The holder is a capital style holder shaped like a shield. The middle layer of plastic that holds the coins is red, white and blue. An American flag look with the top of the shield being a deep blue horizontal stripe that has holes for three half dollars. Underneath the horizontal blue stripe are two vertical red stripes on either side of a single vertical white stripe. The three vertical stripes have holes for the cent through quarter. It looked very nice so I bought it.

In addition to the neat holder, the 1959 half is cameo [with haze that will come off with a quick bath]. The 1957 cent also has a cameo look [though it may not be enough to get a CAM designation]. The 1959 nickel has a cameo reverse. The 1958 half has a cameo obverse. The best coin is the 1959 cent. It is a two sided black and white [well fiery orange] monster DCAMimage

Not a bad way to spend about 30 minutes this afternoon.

Comments

  • darktonedarktone Posts: 8,437 ✭✭✭
    Sounds like a fun time- other than watching the lady be told her stuff was near worthless. I wish I could have seen the mint sets. image
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    That was a pleasant session at a B&M...not all are that way. I miss the old days when the coin B&M's were folksy and collectors gathered to chat and swap coins and stories. Now, that is hard to find... Cheers, RickO
  • SanctionIISanctionII Posts: 12,485 ✭✭✭✭✭
    There are a large number of coin shops in the SF Bay Area and in the central valley of California. Some are friendly places to visit. Some are not.

    The key to developing a good realtionship with a B&M is to stop by regularly, be friendly, talk coins, buy stuff [even if it is just supplies and a widget or two], tell the owner who you are, what you do, what you collect.

    If you do, you will be surprised at how well some B&M owners will treat you. You hear good stories, get to see great coins the shop has "in the back" and if you are lucky, you get thought of and contacted first when new material comes in the door.

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