My neighbors silver coins

Teva · April 30, 2011 3:14PM

My neighbor is a senior nice retired fellow keeps to himself
lives alone with his dog. His kids live out of town and he was widowed a few years ago. He comes knocking on my door today
and says he knows I collect and was wondering if I would be intrested in some silver coinage. He told me he used to work at a local bowling ally back in the 1960's and would always empty the vending machines and for years he bought all the silver change.
He said he needed to repair his car in the worst way so he was trying to raise some money. I looked at his coinage and it was all junk silver so I told him it was not my cup of tea.
When I told him that he was crushed I could tell so I volunteered
to take him to the local B&M. He had three boxes of U.S silver coinage and we grabed one and off we went.
It was everything I could do to carry that box and my nieghbor had no clue as to the value. They put the coins in the counting machine
and it rang up at just a little under $24,000!!
We leave and when we get in the car he breaks down
he was so happy he couldn't help it he had no idea.
He tells me he had only $36 dollars and change in his bank account
and was at the end of his road when he knocked on my door.
He gave me two walkers for the help I knew better than to say no.

Coinosaurus · April 30, 2011 3:19PM

+1 for the good guys.

BaseballAbs · April 30, 2011 3:27PM

Way to be a friend.

jhdfla · April 30, 2011 3:27PM

Great story. Someday when you meet St. Peter you'll get a whole lot more than a +1.

BAJJERFAN · April 30, 2011 3:33PM

Was that $24,000 face value? 35 times face would have been $840K

Looks like he is sitting on 2 pretty nice checks with the other 2 boxes.

AnkurJ · April 30, 2011 8:10PM

Nicely done!

CCC2010 · April 30, 2011 8:19PM

Teva i salute you! You sir are as they say.... A Scholar and a Gentleman!

Now pls. offer the old timer a hand in bringing the second and third box over While silver is at its all time high.

Pls. make sure that the B&M gives him the correct value of his silver coins.

Coiny · April 30, 2011 8:20PM

You da man, Teva!
Thanks for sharing.

1tommy · April 30, 2011 8:43PM

Great story nice job/ Enjoy

greghansen · April 30, 2011 8:46PM

Thanks for sharing a 'good news' story.

jmski52 · April 30, 2011 8:49PM

Oh Yeah!!!

mkman123 · April 30, 2011 8:50PM

wow! Great job for helping the guy out

TorinoCobra71 · April 30, 2011 9:08PM

We need more "feel good" stories like this!

slipgate · April 30, 2011 9:18PM

RichieURich · April 30, 2011 9:30PM

You have done a mega-good deed for your neighbor. Way to go!

BXBOY143 · April 30, 2011 9:37PM

Twobitcollector · April 30, 2011 9:40PM

Well Done!!

stevek · April 30, 2011 9:49PM

24K and he gives you two Walkers? The old man must have graduated from the Sam Walton school of tipping. LOL

Just kidding - Very nicely done on your part.

09sVDB · April 30, 2011 9:59PM

They must have been pretty big boxes! Tomorrow I am heading to a dealer frien of mine with about 6K in silver to sell.

ttown · April 30, 2011 10:00PM

Just remind him the tax man is going to want 28 percent of that next year on his taxes. He'll be in the same state next year if he spends it all. He should have only sold a portion IMO, silver is a good way to preserve purchasing power and now he's in dollars that are going to take a hit the next few years until it bottoms.

Nice job, you should have purchase some and waited a year and you could have upgraded your collection with the proceeds. Nice job of helping a neighbor.

kahokia · April 30, 2011 11:58PM

Best story I've read in quite a while! I had a similar story recently, but on a much smaller scale. A friend's widowed aunt was trying to sell her husband's "collection" to pay burial expenses but had been offered a high of $300 by one acquaintance. I took it to a shop in Winston-Salem for her and received a fair price of $2,400. Forgive me for piggybacking on your wonderful story, but it made me remember how basic fairness can make such a difference in people's lives. People don't have any idea what they have, do they?

keyman64 · May 1, 2011 12:01AM

That's a lot of coin!

BAJJERFAN · May 1, 2011 1:01AM

<< Just remind him the tax man is going to want 28 percent of that next year on his taxes. He'll be in the same state next year if he spends it all. He should have only sold a portion IMO, silver is a good way to preserve purchasing power and now he's in dollars that are going to take a hit the next few years until it bottoms.

Nice job, you should have purchase some and waited a year and you could have upgraded your collection with the proceeds. Nice job of helping a neighbor.

>>

He has two boxes left. I hope he at least learned to sell them right when the time comes.

ranshdow · May 1, 2011 1:05AM

A happy ending for an old dude.

fivecents · May 1, 2011 1:09AM

Good Karma!

llafoe · May 1, 2011 1:13AM

Between the three boxes, he had approximately $2,000 in face? There wasn't anything of numismatic value at all in the three boxes?

beckes · May 1, 2011 1:16AM

That is awesome.

I think I might have dug around for a while in those coins! If he had walkers to give, there had to be something there.

crazyhounddog · May 1, 2011 1:25AM

That's a great story and it warms my heart. Thank you for being a good guy and doing the right thing to help this guy out.....

mingot · May 1, 2011 1:28AM

Great story!

TheRegulator · May 1, 2011 1:33AM

Awesome story! I still have a smile on my face from reading.

Way to go and thanks for sharing!

Teva · May 1, 2011 1:52AM

Thanks for the complements but I am not deserving.
All I did was take a hour of my time and help a senior neighbor.
I really feel like I was the winner my neighbor went from distress
to total elation in a hours time and I got to share that with him.
Plus I made a friend in the process so you can see why I feel like the winner. I am sure most of you would of done the same if you where in my shoes.

coindeuce · May 1, 2011 2:16AM

Good deed done! Now be a better neighbor and friend, and tactfully suggest that he put at least 60% of the proceeds in to a tax sheltered vehicle, unless he wants to have a BIG surprise from Uncle Sam next year.

Type2 · May 1, 2011 2:45AM

Good to give when it cost you nothing but time, Like you said 1hr and it chang his life some time all some one needs to do is ask. That was very nice of you to go with him. Maybe you will go with him next time he has two more box's. I can just see the next time he go's in some one will tell him the price went down and will take him for a ride.

determined · May 1, 2011 2:58AM

<< Thanks for the complements but I am not deserving.
All I did was take a hour of my time and help a senior neighbor. >>

You are deserving of the compliments. Not everyone would have taken the time. And some would have ripped him off.

Your story made my day. Thanks!

OPA · May 1, 2011 3:06AM

U dun good...
Apparently he has 2 more boxes full of silver coins...Have him put you in his will

Coin Finder · May 1, 2011 3:10AM

Was it 24,000 grand in 90 percent silver? What times face were they paying?

pakasmom · May 1, 2011 4:01AM

<< Your story made my day. Thanks! >>

Mine too!

MrLee · May 1, 2011 4:35AM

Outstanding! This is deserving of the:

Of the Month!

scottgardener · May 1, 2011 5:14AM

That's a wonderful story. I'm glad someone really deserving is benefiting from the recent dramatic rise in silver. If he had sold last year, he would have only gotten half as much. This way, he should have enough to keep him afloat for a good while. Or, if he gets any sort of monthly income, be it Social Security or retirement, then he'll have enough to get a new car.

And, you did more than just be there; you pointed him in the right direction. If he had gone to a "cash for gold" service rather than a coin dealer, he might have gotten thousands of dollars less. You helped him realize the true worth of what he had, and he is someone who needed every cent of it.

OldEastside · May 1, 2011 5:43AM

That is sooo cool!
you earned your wings

Steve

DrBuster · May 1, 2011 5:46AM

<< Was it 24,000 grand in 90 percent silver? What times face were they paying? >>

This please. We didn't hear if it was face or what he left with.

mkman123 · May 1, 2011 6:30AM

someone in my church last week went to one of those stores to sell gold to and mentioned that he had 5 morgans. The store offered him $60 for 5 morgans and kept pressuring him that they were only worth 14 each. He didn't sell to them and called me that night. I helped him get 32 each locally to a collector that I knew. Melt when I helped sell was 34 or so.

giorgio11 · May 1, 2011 6:38AM

God Bless You, great story for Sunday. You never know what lasting impact you will have, for better or worse, on someone else's life.

giorgio11 · May 1, 2011 6:44AM

<< 

<< Was it 24,000 grand in 90 percent silver? What times face were they paying? >>

This please. We didn't hear if it was face or what he left with. >>

I think we can do the math here. 24,000 dollars worth of FV would contain (24,000 x 0.72338/$1 FV) = 17361 oz or (at 12 oz/troy pound) nearly 1447 pounds of silver, and that's without the alloy. No way anyone carried that box to the car. So it must've been the silver melt value, unless I miss my guess.

razzle · May 1, 2011 6:46AM

Great stuff-thanks.

Ahrensdad · May 1, 2011 6:52AM

Teva,
This was a great story to read. That was such a nice thing of you to do. Good job.

Andrew

kaz · May 1, 2011 7:16AM

Well done!

Were the walkers the folding kind?

brokeer · May 1, 2011 7:16AM

24k divided by 35 = 686 ounces right?

Dentuck · May 1, 2011 7:21AM

<< Were the walkers the folding kind? >>

LOL! You should have held out for a Rascal™ scooter!

Seriously, though, kudos for helping out your neighbor.

DorkGirl · May 1, 2011 8:19AM

Teva · May 1, 2011 9:26AM

<< 

<< 

<< Was it 24,000 grand in 90 percent silver? What times face were they paying? >>

This please. We didn't hear if it was face or what he left with. >>

I think we can do the math here. 24,000 dollars worth of FV would contain (24,000 x 0.72338/$1 FV) = 17361 oz or (at 12 oz/troy pound) nearly 1447 pounds of silver, and that's without the alloy. No way anyone carried that box to the car. So it must've been the silver melt value, unless I miss my guess. >>

The box was about 50lbs give or take?

My neighbors silver coins

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