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Unexpected Bank Find **UPDATE** with Pic

keepdachangekeepdachange Posts: 1,374
in Precious Metals
I pick up 2 boxes of halves each week from my bank and today when I went in one of the tellers asked why I get them. I told him for the silver and he said he has a box of "rare" coins and silver bars that passed to him when his grandfather died and he is looking to sell. I told him I would give him spot price for the silver. He said that he has 58 Engelhard 1 oz. bars. I told him I would look at the coins and help sell them if I do not want them but will take all the silver off his hands.
"If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt

Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Great score! My teller's just look at me like I'm nuts when I ask them to get or save me the half dollars!image
    Avid collector of GSA's.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    very cool, being at the right place at the right time! image

    I hope to find some awesome deals soon!!
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  • guitarwesguitarwes Posts: 9,266 ✭✭✭


    Be wary of most tellers asking what you're looking for when you get coins from the bank. They will soon learn that something concerning the coins must be more valuable than just the coins. They will then undercut you when they find out THEY can make money also. Stupid educated bank tellers.........


    Maybe this time it worked out well for you with the silver bars.

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  • fcfc Posts: 12,793 ✭✭✭
    buying silver bars just like a B&M dealer is somehow more satisfying then paying retail prices eh? image
  • FountainheadFountainhead Posts: 956


    << <i> They will soon learn that something concerning the coins must be more valuable than just the coins. >>


    Yeah, like at one bank I frequent where I once asked the teller for a roll of half-dollars - but he took the time and effort to look at each one of them himself first!
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  • fishcookerfishcooker Posts: 3,446 ✭✭
    Dang! At least my tellers disappeared around the corner to sort through them.

  • keepdachangekeepdachange Posts: 1,374
    I have given the tellers plenty of goodies (lunch, wine, chocolate, etc.) and seems to keep them happy. In fact one teller who is now a branch manager with another branch called me and said he had 5 rolls of JFK's. 3 were all 40% and the other 2 were all BU 64's.
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭


    << <i>Be wary of most tellers asking what you're looking for when you get coins from the bank. They will soon learn that something concerning the coins must be more valuable than just the coins. They will then undercut you when they find out THEY can make money also. Stupid educated bank tellers.........


    Maybe this time it worked out well for you with the silver bars. >>




    not necessarily stupid educated bank tellers...how about lazy, ignorant, dumb, AMERICAN PUBLICimage
  • keepdachangekeepdachange Posts: 1,374
    Got the call today that he has the 1 oz Engelhard Bars and is ready to sell so I will pick them up tonight. They were his grandfathers so hopefully they will be old ones. Is there any way to tell what year they were poured??
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I have not seen any old poured 1 oz engelhards so if you get any, pls post pictures!

    Post pictures of what you get so we can see and determine how old they might be.
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  • MeltdownMeltdown Posts: 8,823 ✭✭✭✭✭
    Here's my haul from yesterday's search of $500 worth.
    image
    image
    image

    Click on this link to see my ebay listings.

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    slim picking eh meltdown???
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  • MeltdownMeltdown Posts: 8,823 ✭✭✭✭✭


    << <i>slim picking eh meltdown??? >>



    Yep... still it's fun to look. Cheap entertainment...
    I go through a box of $500 a week. My bank manager just keeps ordering them for me.
    I've probably found 100 or so silver halves in the last year. Not bad for 50 cents each.

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  • keepdachangekeepdachange Posts: 1,374


    << <i>I have not seen any old poured 1 oz engelhards so if you get any, pls post pictures!

    Post pictures of what you get so we can see and determine how old they might be. >>



    Will do, I'll get some up tonight
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • bstat1020bstat1020 Posts: 2,151 ✭✭


    << <i>

    << <i>slim picking eh meltdown??? >>



    Yep... still it's fun to look. Cheap entertainment...
    I go through a box of $500 a week. My bank manager just keeps ordering them for me.
    I've probably found 100 or so silver halves in the last year. Not bad for 50 cents each. >>



    Does he get pissed when you bring them back? Or no big deal for them?
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  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    thats what I was thinking bstat, some places get PISSED when you bring in that much change.
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  • keepdachangekeepdachange Posts: 1,374
    Picked them up and he had 52 total bars. The box still has the receipt dated June 11th, 1980. They were bought for $20.00 a piece 29 years ago at a coin shop in New Jersey (I paid him closing spot as of today) along with 3 Krugerrands at $640.00 a piece. Looks like a typical 1 oz bar as you can see.


    image
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    beautiful! He had gold krugerrands, what size? 1 oz for 640 or ????
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  • fcfc Posts: 12,793 ✭✭✭
    bought for 20 dollars 20 years ago and sold for less then he paid
    today :-|

    metals.. sometimes they are great... other times they do so poorly
    over time it is almost ridiculous.
  • keepdachangekeepdachange Posts: 1,374


    << <i>beautiful! He had krugerrands, what size? 1 oz for 640 or ???? >>



    No I wish he had them for $640.00! The original receipt from 1980 had listed that his Grandfather also bought (3) 1 oz Krugerrands for $640.00 a piece. And the Silver bars were sold to him at $20 per bar. So after 20 years the Gold almost doubled and the silver lost value. I paid $17.39 per bar.
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    keepdachange, OOOOHH I get it lol. Yeah its interesting, gold has gone up and that silver has had for 29 years didn't even gain in value, it dropped while gold outperformed it!

    However, if he bought silver a year later, it would have been a great investment thing as the silver market went down image
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  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>bought for 20 dollars 20 years ago and sold for less then he paid
    today :-|

    metals.. sometimes they are great... other times they do so poorly
    over time it is almost ridiculous. >>



    Sort of like the stock market

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