-
May 16, 2012, 10:23 PM
#1
 Sir
Selling stash
I am just curious- What % do your pawn shops or coins shops typically but at? Lets say if spot is X what do they normally buy at? My guess is 80% of X.
n8
-
May 16, 2012, 10:38 PM
#2
all the pawn/dealer shop i've been cut deep, like 7x face. f that. i rejected.
providentmetals.com is your best bet.
keepers are minimal right now....
-
May 16, 2012, 10:47 PM
#3
I actually went into a shop today to see what they were going to offer. I took in just what I found today, 5 40% 2 1964 halves, and 2 1970d halves. He only offered me 35 bucks. I just kept my coins.
-
May 16, 2012, 10:59 PM
#4
 Originally Posted by red89
I actually went into a shop today to see what they were going to offer. I took in just what I found today, 5 40% 2 1964 halves, and 2 1970d halves. He only offered me 35 bucks. I just kept my coins.
Thats nearly 75% of melt value. Dunno what you were expecting, but thats WAY better than average from a local shop, and a fair offer for a small amount of silver IMO. I'm shocked the offer was that good, especially with the falling prices of silver.
-
May 16, 2012, 11:02 PM
#5
Am not sure what they pay. My coin shop charges 3% over spot. If i were you i would wait. silver just went down about $5.00 An oz . If you want i can get back to you tomorrow. Am going to get some coin tubes.
-
May 16, 2012, 11:05 PM
#6
Way back when silver was ~$20, my one and only local coin shop was paying 4-5X face for 90%...so I'm guessing he is paying 6-7X now. A few months ago a local pawn shop was advertising that they would pay 1 gallon of gasoline for 2 silver dimes. Gas was about $3.50 at the time (I think), silver was about $35 so they were giving about 17.5X face. I'm sure they're paying nowhere near that now, but that was by far the best offer I have heard about locally.
-
May 16, 2012, 11:50 PM
#7
 Originally Posted by ArkieBassMan
Thats nearly 75% of melt value. Dunno what you were expecting, but thats WAY better than average from a local shop, and a fair offer for a small amount of silver IMO. I'm shocked the offer was that good, especially with the falling prices of silver.
I'm pretty sure these coins came from someones collection though, they were all in really good shape. I think they are worth more than just the melt value. The 1970d halves dont have any scratches on them. The 64s have a few, and the 40%ers are in good shape as well. I was just pricing them anyway, I am not looking to sell any of my coins.
-
May 17, 2012, 12:15 AM
#8
Now would be a bad time to sell, IMO.
-
May 17, 2012, 01:22 AM
#9
 Originally Posted by red89
I'm pretty sure these coins came from someones collection though, they were all in really good shape. I think they are worth more than just the melt value. The 1970d halves dont have any scratches on them. The 64s have a few, and the 40%ers are in good shape as well. I was just pricing them anyway, I am not looking to sell any of my coins.
I hate to disappoint you, but your non-1970 40%ers and '64s are pretty much worth melt regardless of condition, unless we're talking MS67+...which is highly doubtful. Even if they would grade that high, it isn't easy to find a buyer/collector of high grade Kennedy halves as there just aren't that many. Also, mint and proof sets from those years can be bought very reasonably and those coins are sealed and uncirculated. Your '70Ds would likely bring a tad more than melt, but not much more at all. If you'll look on eBay or other sites, you'll find that you can often buy the whole - still sealed - 1970 mint set for less than $10. No one is going to (or more accurately should) pay much of a premium for a circulated coin when they can buy that same coin, sealed and uncirculated (plus the quarters, dimes, nickels, and cents) for just a tiny bit more.
Last edited by ArkieBassMan; May 17, 2012 at 01:28 AM.
-
May 17, 2012, 01:44 AM
#10
I actually just sold a bunch of silver coins... luckily I found someone who has money to blow and gave me 90% value... but he did tell me a typical coin shop usually gives 82% value if that helps. I don't know the guys I sold them to personally, but was definitely not an idiot by any stretch. Hope this helps
-
May 17, 2012, 05:17 AM
#11
coin shops(local rip-offs) are currently paying 3x face for 40% clad... noy good! their sell prices are over inflated too.
-
May 17, 2012, 05:46 AM
#12
 Sir
 Originally Posted by namster
Now would be a bad time to sell, IMO.
I am actually looking to buy on the private side- I wanted to have a few price comparisons so I dont lowball too much!
N8
-
May 17, 2012, 05:49 AM
#13
I know one coin shop in my area that charged $45 per morgan when prices were around $35 per morgan. Their halves were priced at $18.50. I have never tried to sell anything there. I did get a war nickel from them for only a quarter as the person in charge of the coin section (store is mainly tobacco) was on leave, so the tobacco person was selling. She didn't know about coins, and one of the war nickels ended up in the clad Jefferson box.
Last edited by sagittarius98; May 17, 2012 at 05:08 PM.
1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.
-
May 17, 2012, 09:19 AM
#14
You may already know this, but there is a classified ad section on this site where members can buy and sell. I had a good buy transaction on some morgans/peace dollars about a month ago. Worth checking from time to time. Also look at Kitco.com. They have a gold and silver message board and members offer coins and bullion for sale, at least they did a few years ago. I bought quite a bit without problems then. In both these situations you are dealing directly with an individual and, other than Paypal, there are no additional fees.
-
May 17, 2012, 09:33 AM
#15
I always sell on ebay, even with the fees I get the best price
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
Similar Threads
-
By conleytheking in forum Coin Roll Hunting
Replies: 23
Last Post: Sep 27, 2012, 11:43 AM
-
By STDevil in forum Coin Roll Hunting
Replies: 1
Last Post: Oct 01, 2009, 07:10 AM
-
By STDevil in forum Coin Roll Hunting
Replies: 3
Last Post: Sep 09, 2009, 08:27 PM
-
By Scalper in forum Coin Roll Hunting
Replies: 9
Last Post: Jul 20, 2008, 09:01 PM
-
By golddigger14s in forum Treasure In The News!
Replies: 0
Last Post: Mar 14, 2008, 08:05 AM
|