Exchanging silver for silver

[salaloid]

Has anyone here have tried to exchange any other type of silver for silver coins. In addition to coin roll hunting I also do metal detecting. I have found a few silver jewelry pieces. Im curious to know if a pawnshop will exchange the amount of silver in the jewelry for the same amount in coins silver content. Will they charge a premium because they are coins? Or will you be able to get the same amount of silver in coins without paying more for them?

Has anyone here tried this?

 

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[hit80s]

GOOD LUCK WITH THAT............SHOW ME A NON-PROFIT PAWN SHOP AND I''LL SELL YOU THAT TOWER IN PARIS!

 

[scotty1418]

While I agree they wouldn't do it for free, there's likely a good chance you could throw in a few bucks as a 'fee' and they'd go for it.

I also collect morgans and took a poor/fair condition 1879 to my local coin shop where there's a bucket of morgans for $13 each. I picked out the identical date and traded the coins and gave the dealer a $1.

My coin for that date went from a fair/poor to a vg for a $1 upgrade. Likewise, I would think any dealer/store would do a similar transaction (+/- numismatic value) for a small fee.

Let us know how that works for you.

 

[nyiangelo]

It might just be me but I would be all over that $13 dollar morgan bucket.

 

[solariscool]

You'd probably be better off selling on ebay and then buying the silver you want.

 

[jim4silver]

You'd probably be better off selling on ebay and then buying the silver you want.

I stay away from pawn shops for buying or selling. If you have a local coin shop that is reasonable, you could try trading with them and you might come out alright, but would have to throw a few bucks into any type of trade unless it is one where you are trading a higher premium item for a lower premium one.

Jim

 

[Rich Hartford]

Last season I found a few pieces of jewelry while metal detecting,sold it to a pawn shop,and bought halves or Silver Eagles with the proceeds. I do the same thing with the junk coins I find.