Stopped by a pawn shop on the way home.......
BigRed
Posts: 716
There are no coin shops within 50 miles of me so I get desperate sometimes. I stopped in this pawn shop that set up shop in the town near me and walked through the door and the first case there was a fairly large case of coins neatly diplayed. The owner greeted me with a friendly hello and a big smile. Great so far raced through my head but it quickly went downhill after that. I looked at the coins and they were essentialy 90% silver coins displayed very nicely. Lets see, he had several late date mecury dimes in VF-XF for $5 and up, walkers VF-XF $20 and up, and common VF and XF peace and Morgans for $22 and up. The one for $22 was a peace dollar in XF and had written "super value on it". Man I sure would like to have a fix but the high wouldn't last long at them prices.
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Comments
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
Having said that, I have found some great bargains, like undergraded Buffalo's (graded by "Red Book" standards). Also, coins where they just don't know what they have, because they're not usually "coin people".
<< <i>Having said that, I have found some great bargains, like undergraded Buffalo's (graded by "Red Book" standards). Also, coins where they just don't know what they have, because they're not usually "coin people". >>
Ya mean sumthin like MadMarty's pawn shop pick of a '93-S Morgan?
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
Ya mean sumthin like MadMarty's pawn shop pick of a '93-S Morgan? >>
Yeah, that too. I hadn't heard about it. I'll have to look for that thread.
He said he had a book on grading and was selling them accordingly. i.e XF45 saints were going for MS65 Money.
Jade Rare Coin eBay Listings
<< <i>I stopped by a pawn shop on the way to a coin shop just to see if they might have anything. Just for the heck of it, I asked what they'd pay on a 1 oz K-Rand. He offered me $365 when the gold spot price was around $780. >>
But then you have 30 days to buy it back right? It's a pawn shop, which is really a high risk lender. The pawn shops around here don't like coins because the pawn broker laws are way different from the coin dealer laws etc,...
<< <i>In a situation like that, you should impress upon pawn troll the fact that you can provide him with all of the XF 90% he can handle at the bargain price of 50% of his retail selling price >>
Thats exactly what come to my mind but I am the easy going type that does not like confrontation so I just walked out.
Chris
What bothers me is that he does not handle the coins properly. i.e. exposed unflatened staples. I must have told him 20 times not to store them like that.