Curious about my buy at a pawn shop?

Coin_nut1977 · February 8, 2020 4:48PM

Bought two sets today. 2005 and 2007 proof. Only paid $20.00 for both sets. Presidential coins look more like cameo! Help is appreciated, much!

PocketArt · February 8, 2020 5:30PM

If you bought these to collect, and fill a niche in your collection; you did better than buying these when offered through the U.S. mint. Not much upside other than that IMHO.

Hydrant · February 8, 2020 5:30PM

Good deal! I like it. Sounds like you're having fun.

DIMEMAN · February 8, 2020 5:38PM

Not for me, but if you like them.....that's all that matters.

mustangmanbob · February 8, 2020 5:40PM

You did fine. Roughly ebay prices. Before you buy a lot more, check ebay sold prices for a general idea. On proofs, make sure you understand the difference between the full set, state quarters only, the $1 proofs, etc. and silver proof sets.

291fifth · February 8, 2020 6:34PM

The dealer is probably thinking to himself: I finally got rid of those for more than face value!

lkeigwin · February 8, 2020 11:19PM

Lordy, I wish I knew how to unload my 1970 and later proof sets.
Lance.

jmlanzaf · February 9, 2020 2:19AM

ALL MODERN PROOFS ARE CAMEOS.

Greysheet bid on a 2005 set is $3.75 Greysheet bid on 2007 set is $12.50

I actually have both sets in inventory and would have sold them to you for less than $20 including shipping. It's not a horrible price, but it is not a bargain. Beware pawn shops. In my humble experience, they are not a good place to buy widgets.

ricko · February 9, 2020 6:14AM

If you are happy, then enjoy the coins..... They likely will never be worth more than your investment. Cheers, RickO

privatecoin · February 9, 2020 9:18AM

@jmlanzaf said:
ALL MODERN PROOFS ARE CAMEOS.

Greysheet bid on a 2005 set is $3.75 Greysheet bid on 2007 set is $12.50

I actually have both sets in inventory and would have sold them to you for less than $20 including shipping. It's not a horrible price, but it is not a bargain. Beware pawn shops. In my humble experience, they are not a good place to buy widgets.

$3.75 for a 2005 set is that correct?

privatecoin · February 9, 2020 9:20AM

@lkeigwin said:
Lordy, I wish I knew how to unload my 1970 and later proof sets.
Lance.

1970 I've made a decent profit breaking some of them up.

BuffaloIronTail · February 9, 2020 10:27AM

They are nice looking coins. Collecting them won't send you to the poor farm.

Pete

jmlanzaf · February 9, 2020 10:30AM

@privatecoin said:

@jmlanzaf said:
ALL MODERN PROOFS ARE CAMEOS.

Greysheet bid on a 2005 set is $3.75 Greysheet bid on 2007 set is $12.50

I actually have both sets in inventory and would have sold them to you for less than $20 including shipping. It's not a horrible price, but it is not a bargain. Beware pawn shops. In my humble experience, they are not a good place to buy widgets.

$3.75 for a 2005 set is that correct?

Yes, it is. Shocking, isn't it?

When I get a chance, i'm going to take them to a wholesaler who will pay me 25% back. So i'm going to sell them for 2.80 after I bought them for 2.60

This is why coin dealers drink. Lol

privatecoin · February 9, 2020 10:32AM

@jmlanzaf said:

@privatecoin said:

@jmlanzaf said:
ALL MODERN PROOFS ARE CAMEOS.

Greysheet bid on a 2005 set is $3.75 Greysheet bid on 2007 set is $12.50

I actually have both sets in inventory and would have sold them to you for less than $20 including shipping. It's not a horrible price, but it is not a bargain. Beware pawn shops. In my humble experience, they are not a good place to buy widgets.

$3.75 for a 2005 set is that correct?

Yes, it is. Shocking, isn't it?

Yes! I'd be breaking them up on ebay pretty quick. Can almost sell the Kennedy alone for that price.

jmlanzaf · February 9, 2020 10:36AM

@jmlanzaf said:

@privatecoin said:

@jmlanzaf said:
ALL MODERN PROOFS ARE CAMEOS.

Greysheet bid on a 2005 set is $3.75 Greysheet bid on 2007 set is $12.50

I actually have both sets in inventory and would have sold them to you for less than $20 including shipping. It's not a horrible price, but it is not a bargain. Beware pawn shops. In my humble experience, they are not a good place to buy widgets.

$3.75 for a 2005 set is that correct?

Yes, it is. Shocking, isn't it?

@privatecoin said:

@jmlanzaf said:

@privatecoin said:

@jmlanzaf said:
ALL MODERN PROOFS ARE CAMEOS.

Greysheet bid on a 2005 set is $3.75 Greysheet bid on 2007 set is $12.50

I actually have both sets in inventory and would have sold them to you for less than $20 including shipping. It's not a horrible price, but it is not a bargain. Beware pawn shops. In my humble experience, they are not a good place to buy widgets.

$3.75 for a 2005 set is that correct?

Yes, it is. Shocking, isn't it?

Yes! I'd be breaking them up on ebay pretty quick. Can almost sell the Kennedy alone for that price.

Most of those sets have all the value in the Kennedy, firstand Lincoln. Those seem to be the only widely collected series still. Might as well spend the nickel and dime

joeykoins · February 9, 2020 10:36AM

@lkeigwin said:
Lordy, I wish I knew how to unload my 1970 and later proof sets.
Lance.

I know, give them to your grandkids/nieces or nephews.

privatecoin · February 9, 2020 10:39AM

@jmlanzaf said:

@privatecoin said:

@jmlanzaf said:
ALL MODERN PROOFS ARE CAMEOS.

Greysheet bid on a 2005 set is $3.75 Greysheet bid on 2007 set is $12.50

I actually have both sets in inventory and would have sold them to you for less than $20 including shipping. It's not a horrible price, but it is not a bargain. Beware pawn shops. In my humble experience, they are not a good place to buy widgets.

$3.75 for a 2005 set is that correct?

Yes, it is. Shocking, isn't it?

When I get a chance, i'm going to take them to a wholesaler who will pay me 25% back. So i'm going to sell them for 2.80 after I bought them for 2.60

This is why coin dealers drink. Lol

With a face value of $2.96? Better to spend them 1st.

coinbuf · February 9, 2020 10:51AM

@jmlanzaf said:

Yes, it is. Shocking, isn't it?

Sad really.

ChrisH821 · February 9, 2020 11:54AM

Like @jmlanzaf said, all modern proofs are cameo. Have been since about 1970.

lkenefic · February 9, 2020 2:00PM

As others have indicated, if you like them that's really all that matters. If you're buying them with the intention of selling them in the future, you lost money... not huge amounts of money.

Downtown1974 · February 9, 2020 2:16PM

Regardless of the value of some coins, I put a value on the enjoyment something brings me while I own it. So if I pay $10 for a proof set and I get years of gratification looking at them....it’s a win in my book.

291fifth · February 9, 2020 2:28PM

Many collectors just don't realize how dead the modern proof set market really is. The talk about "breaking them up and selling them on eBay" fails to take all selling costs into account and ignores the time involved completely.

jmlanzaf · February 9, 2020 2:32PM

@privatecoin said:

@jmlanzaf said:

@privatecoin said:

@jmlanzaf said:
ALL MODERN PROOFS ARE CAMEOS.

Greysheet bid on a 2005 set is $3.75 Greysheet bid on 2007 set is $12.50

I actually have both sets in inventory and would have sold them to you for less than $20 including shipping. It's not a horrible price, but it is not a bargain. Beware pawn shops. In my humble experience, they are not a good place to buy widgets.

$3.75 for a 2005 set is that correct?

Yes, it is. Shocking, isn't it?

When I get a chance, i'm going to take them to a wholesaler who will pay me 25% back. So i'm going to sell them for 2.80 after I bought them for 2.60

This is why coin dealers drink. Lol

With a face value of $2.96? Better to spend them 1st.

But then I've got to break them all out and spend that time to realize the extra 16 cents. LOL.

privatecoin · February 9, 2020 2:38PM

@jmlanzaf said:

@privatecoin said:

@jmlanzaf said:

@privatecoin said:

@jmlanzaf said:

But then I've got to break them all out and spend that time to realize the extra 16 cents. LOL.

Yep. I earned 57 cents last night on Amazon's mechanical turk. Its all profit on your free time.

Jinx86 · February 9, 2020 9:42PM

@jmlanzaf said:

@privatecoin said:

@jmlanzaf said:
ALL MODERN PROOFS ARE CAMEOS.

Greysheet bid on a 2005 set is $3.75 Greysheet bid on 2007 set is $12.50

I actually have both sets in inventory and would have sold them to you for less than $20 including shipping. It's not a horrible price, but it is not a bargain. Beware pawn shops. In my humble experience, they are not a good place to buy widgets.

$3.75 for a 2005 set is that correct?

Yes, it is. Shocking, isn't it?

When I get a chance, i'm going to take them to a wholesaler who will pay me 25% back. So i'm going to sell them for 2.80 after I bought them for 2.60

This is why coin dealers drink. Lol

I've been lucky enough to find someone buying at 90 percent of bid. Small quantity and takes for ever to pay. So almost worth it.

Curious about my buy at a pawn shop?

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