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90% silver dollars purchased under melt at the local pawnshop.

morgansforevermorgansforever Posts: 8,428 ✭✭✭✭✭
Nothing special, no monsters, no keys, no lookers, no wowzers. Went into the shop 20 minutes before closing and expressed interest
in the silver dollars in the display case, all the 90% he had at the time. Looked them over and the owner said, "$100 and there yours".
Sold! I then asked what he wanted for the CC copper commem, he gave it to me, I like free image
The dollars came in Mint issue commem capsules, little added bonus, the Mint produces the best capsules.
All of them weighed 26.7 grams, the 80O was 26.6 close enough.
Guess I'll make it a habit to swing by there near closing.


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World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO

Comments

  • STONESTONE Posts: 15,275
    They way I read your title was that you "purchased silver for 90% below melt value."
    OR another way is
    "You purchased these for 10% of spot price."

    Just saying it is a confusing title.

    All that aside, nice pickups! image
  • morgansforevermorgansforever Posts: 8,428 ✭✭✭✭✭
    <<They way I read your title was that you purchased silver for 90% below melt value.>>

    Melt value for a 90% silver dollar with silver @ $34.49 is $26.66.
    So technically they were $1.66 under melt value.

    EDIT: Reworded the title.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • jessewvujessewvu Posts: 5,063 ✭✭✭✭✭
    You got all those for about $13? Nice score!

    Edit:
    OP changed title to make sense.
  • morgansforevermorgansforever Posts: 8,428 ✭✭✭✭✭
    <<You got all those for about $13? Nice score!>>

    You totally lost me, 100/4 = 25

    EDIT: I see, you thought I bought them for 90% under melt.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • 410a410a Posts: 1,325
    I, being of sound mind and superior reading comprehension understood the post..............YOU DID GOOD !!! Yea ! image
    On the other hand I could be wrong in that case.....nevermind.
  • morgansforevermorgansforever Posts: 8,428 ✭✭✭✭✭
    <<I, being of sound mind and superior reading comprehension understood the post...>>

    It was a bit confusing, everyone comprehends differently.
    Original title was "Pawn shop 90% under melt"
    My brain interpreted it as, 90% silver coinage at a pawn shop for under melt value.
    That's what makes us so individual, sure would be boring if we all interpreted things the same way image

    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • coindeucecoindeuce Posts: 13,471 ✭✭✭✭✭
    I would be surprised if the top 1904-O didn't make it in to a 64 holder.

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.americanlegacycoins.com

  • lkeigwinlkeigwin Posts: 16,885 ✭✭✭✭✭


    << <i>"$100 and there yours". Sold! I then asked what he wanted for the CC copper commem, he gave it to me, I like free. >>

    I was hoping to read...

    A few minutes after I left a guy comes in from the back of the shop and says to the fellow behind the counter "thanks for covering for me, Ray. I really had to go bad. Now, which State quarters did you want to buy today?"
    Lance.
  • SamByrdSamByrd Posts: 3,130 ✭✭✭✭
    very well done.
  • stealerstealer Posts: 3,968 ✭✭✭✭
    Is the 1880 O one of the years with the privately made micro-O's?
  • superpsychmdsuperpsychmd Posts: 1,272 ✭✭✭
    Nope, actually common for the 1880-o to be micro

    I thought the 1900-o and 1902-o are the counterfeit ones in micro
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>Is the 1880 O one of the years with the privately made micro-O's? >>



    Boy is sure is smaller. Might this be from the Olong mint?image
    image
  • greghansengreghansen Posts: 4,301 ✭✭✭
    I thought the 1900-o and 1902-o are the counterfeit ones in micro

    ...and 1896-o also.

    Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum

  • Lucky you!
  • Congrats on a great find! That first 1904O is gorgeous!

    May I ask what method you used to take those photos? Those are great!



  • << <i>Congrats on a great find! That first 1904O is gorgeous!

    May I ask what method you used to take those photos? Those are great! >>



    ^ This
    “When the people find that they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin


    My icon IS my coin. It is a gem 1949 FBL Franklin.
  • morgansforevermorgansforever Posts: 8,428 ✭✭✭✭✭
    <<May I ask what method you used to take those photos? Those are great!>>

    It's not what you think, it's not a Nikon or Canon DSLR, with an exotic macro lens, for sure.
    The camera was purchased at the same pawnshop the coins posted were, for $100 used.
    Camera is a Fuji FinePix S3280 P&S, 14 MP, 24X zoom, loaded with features, adjustable WB/f-stop, A mode, P mode, S mode, etc..
    DSLR was in the works but I was laid off 6 days ago, priorities list doesn't include a DSLR.
    Tripod was purchased at a yardsale for $5 and the two bulbs were $3 each.
    The desk-lamps I already had, I have another gold colored one but it's on my desk, so the black one
    with a weight will have to do, sometimes you have to improvise.
    Here it is, the $111 dollar poor-mans unemployed setup, don't laugh to hard image
    Scott


    image
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Nice deal..... most are charging premiums.. Cheers, RickO
  • Well it's a great setup, because the photos are super!

    Thank you for sharing the details. Gives me ideas (and hope) for my photos.
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,793 ✭✭✭✭✭
    If I may borrow a line from derryb in this thread image

    ..."this thread is useless without a map"
  • pocketpiececommemspocketpiececommems Posts: 5,723 ✭✭✭✭✭
    Makes you wonder what the pawn shop paid for them. And they make money.
  • Wabbit2313Wabbit2313 Posts: 7,268 ✭✭✭✭✭


    << <i><<I, being of sound mind and superior reading comprehension understood the post...>>

    It was a bit confusing, everyone comprehends differently.
    Original title was "Pawn shop 90% under melt"
    My brain interpreted it as, 90% silver coinage at a pawn shop for under melt value.
    That's what makes us so individual, sure would be boring if we all interpreted things the same way image >>




    I hate being Bipolar........it's awesome!

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