FRIDAYS FINDS & CHEAP SILVER PURCHASED

yonico

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FRIDAY'S FINDS & CHEAP SILVER PURCHASED

Hey guys

yesterday was a really nice day here in NY so i went out to try and get some halves. my boxes at my reg. pick-up banks won't be in till Tuesday but i was able to get $280 in halves from 5 different banks and 1 peace dollar (1935)! my 2nd ever silver dollar in the wild. the halves produced 11 40%ers.

but the best part of this day was later. i went to that collectible store (they sell mostly comics, and action figures) that's been around for 30 years (so i've heard), to buy some 2x2 cardboard flips for dollars, and i always ask him if he got coins but he always shows me some over-priced commem's or proof clad quarter in a fancy holder. never bought a coin from him.
yesterday, i saw a peace dollar in his showcase. i asked how much it was - he says : "sixty". almost passed it but then i asked if i could see it, and he says sure. he hands it to me - it's a 1921! great condition too! didn't even bargain - took it for $60, these are worth $100 even in G - and that's dealer's prices.
so my next question is "do you have any other silver coins", and this time i add "any quarters, dimes, maybe halves..?" and he says "yes! i have some.." and brings out a HUGE blue folder with those 20 2x2 pockets pages, and before he opens it he says, and i quote (i remember exactly what he said cause it was one of the best sentences i've heard in a long time): "Listen, i have these for maybe 20 years, and the prices are the same. i've not changed the prices, but there will be no bargaining. whatever it says on it, that's my last price" . fair enough. i open the folder, and then run out of the store.....

to the ATM. withdrawing $1200 dollars cause i know i'm gnna buy everything he had.

i seriously could not believe it. dimes (roosevelt and merc's) priced mostly 60c / 75c to some BUs at $2. quarters from $2.50 up to $8 for semi keys or BUs. war nickels - 60c (only had 2). and the best of these - halves. 40%ers: $3-$4 (not the best deal maybe but still under melt), and 90% (no kenn's, just franklins and walkers) as low as $4, $5, $7, $7.50! going all the way to $12 and some were $20 and $30 but i picked only 2 that were key dates.. guy couldn't believe his eyes when i pulled out complete pages from the folder and set it aside to buy.. he tells me: "don't sell it now, put it aside and it'll be worth much more than $7 soon".. no --deleted--!

i saw a 1/2 reale coin there, very small (like a half dime coin) from 1742, does anyone know anything about this coin? he had 2, 1 for $25, 1 for $35.

anyway.. total take:

2 war nickels
41 silver dimes (merc's and rosies, no keys)
17 silver quarters (washington, common)
61 silver halves (23 walkers, including 1916-d ($30), 1917-d (on reverse, $20) (38 franklins, including 2x1955 at $4, 1 1950 FBL)
10 40% kennedys
1 1921 peace dollar (VF or a little better)
5 50-pack 2x2 cardboard flips

for $627

the guy at the store got excited, he offered me an nice set of commem's that had a quarter oz gold and 1 oz silver and another coin (bronze or copper i think) for a little under melt but i wanted to make sure it's authentic so didn't take it yet. will have to go back to him anyway, as he has some foreign silver coins (he said mostly German and Russian) that i didn't know how pure they were or how much it weighed. he said he also had a gold british coin (sovereign i assume..?) but he didn't have it in the store right now. will definitely go back to him.
-------------------
i sold almost everything (holding the keys and the peace dollar, and some nicer halves) to my dealer later for a nice profit at 22.75x times, the rest will go on ebay.
definitely felt good - almost like getting a dream box. i always liked moving/garage/estate sales for this reason. will try to upload pics of the 2 walkers and the peace dollar later.

hope you're all having a great weekend! keep it up! HH
johnny
 

Upvote 0
Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

Sweet score!
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

nice profit...
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

Nice!!!!!

As a word of wisdom, wait a week or so, and go back into that shop. There is a chance that he has more coins stashed away somewhere. Just play it cool, and say that you are happy to add to your collection.
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

Nice story.. guess this guy likes his comics more than coins.

I got a 1921 peace dollar too awhile back when I used to able to order bags of IKES.. I found mine from CRHing (best coin I ever got from CRHing). Thought it was also a 1922 and didn't think much of it until I looked it up.

Nice going on that. I heard some people can do well and get good deals at certain places like pawn shops that don't specialize in coins. Nice going. :icon_thumleft:
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

clovis97 said:
Nice!!!!!

As a word of wisdom, wait a week or so, and go back into that shop. There is a chance that he has more coins stashed away somewhere. Just play it cool, and say that you are happy to add to your collection.

thanks..

i definitely will! he has some european silver coins, i didn't take any yet cause i don't know their values but gnna look them all up and go back next week.
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

SFBayArea said:
Nice story.. guess this guy likes his comics more than coins.

I got a 1921 peace dollar too awhile back when I used to able to order bags of IKES.. I found mine from CRHing (best coin I ever got from CRHing). Thought it was also a 1922 and didn't think much of it until I looked it up.

Nice going on that. I heard some people can do well and get good deals at certain places like pawn shops that don't specialize in coins. Nice going. :icon_thumleft:

yeah. i like buying at pawn shops, "cash for gold" places and jewelery stores - many times they print a label with prices and dont care enough to change them often. when silver goes up 20% in one month, you can catch them off guard and get coins below melt
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

yonico said:
clovis97 said:
Nice!!!!!

As a word of wisdom, wait a week or so, and go back into that shop. There is a chance that he has more coins stashed away somewhere. Just play it cool, and say that you are happy to add to your collection.

thanks..

i definitely will! he has some european silver coins, i didn't take any yet cause i don't know their values but gnna look them all up and go back next week.
most coins from great brittain are 50% silver... for my collection I've accumulated from my local coin shop over the past few years "cherry picking" out the silver, I'm averaging 60-65% silver (not percentage of all coins, just percentage per coin... :laughing7: )... That includes eleven mexican pesos (10% silver)...

:icon_thumright: :icon_thumleft:
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

BuffaloBoy said:
yonico said:
clovis97 said:
Nice!!!!!

As a word of wisdom, wait a week or so, and go back into that shop. There is a chance that he has more coins stashed away somewhere. Just play it cool, and say that you are happy to add to your collection.

thanks..

i definitely will! he has some european silver coins, i didn't take any yet cause i don't know their values but gnna look them all up and go back next week.
most coins from great brittain are 50% silver... for my collection I've accumulated from my local coin shop over the past few years "cherry picking" out the silver, I'm averaging 60-65% silver (not percentage of all coins, just percentage per coin... :laughing7: )... That includes eleven mexican pesos (10% silver)...

:icon_thumright: :icon_thumleft:

if they are priced like the american silver i just bought from him (by silver spot of 15 years ago), i'd take them all :laughing7:
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

yonico said:
BuffaloBoy said:
yonico said:
clovis97 said:
Nice!!!!!

As a word of wisdom, wait a week or so, and go back into that shop. There is a chance that he has more coins stashed away somewhere. Just play it cool, and say that you are happy to add to your collection.

thanks..

i definitely will! he has some european silver coins, i didn't take any yet cause i don't know their values but gnna look them all up and go back next week.
most coins from great brittain are 50% silver... for my collection I've accumulated from my local coin shop over the past few years "cherry picking" out the silver, I'm averaging 60-65% silver (not percentage of all coins, just percentage per coin... :laughing7: )... That includes eleven mexican pesos (10% silver)...

:icon_thumright: :icon_thumleft:

if they are priced like the american silver i just bought from him (by silver spot of 15 years ago), i'd take them all :laughing7:
Indeed, best of luck to you. score some dollar coins!!!

Also from my collection, countries with better economy at the time the coin was minted tended to have a higher % of silver in the coin (mexico had 10% silver, most canada has sterling silver(earlier dates) then 80% silver)

:icon_thumleft:
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

awesome finds!!! congrats!!! keep it up and hh!
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

Great story and buys there!!! :hello2:

HH,

$ilver$urfer :hello:
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

If you didn't buy those 1/2 reales, go buy them. They are usually worth at least $100-$150 even in just good shape, so for 25-35, that's a sick deal
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

Wow. You got some great deals there! You just never know . . . until you ask. :icon_sunny:

apush :read2:
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

that was a savvy move, johnny. i've bought several collections from private collectors and semi-lazy store owners. as long as they are happy with the price, it's a win-win for both parties as far as i'm concerned. the store owners should know better ;D ;D ;D

now take that profit and sink it into buying more collections - keep the rare ones and sell the commons. reinvest and repeat...do this a few times and you will be a "thousandaire" in no time!
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

Good score - I agree about going to get those reales you will never see them a that price. Now and then you can find a good shop like this. I have one I go to that uses a 2003 Red Book for prices. Picked up a nice Capped Bust cheap. I check every other week. Usually I just buy his junk silver at about 1/2 melt. :icon_thumright: Add to the stack.

Maine_Jim
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

Are u in Midtown?
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

chow said:
that was a savvy move, johnny. i've bought several collections from private collectors and semi-lazy store owners. as long as they are happy with the price, it's a win-win for both parties as far as i'm concerned. the store owners should know better ;D ;D ;D

now take that profit and sink it into buying more collections - keep the rare ones and sell the commons. reinvest and repeat...do this a few times and you will be a "thousandaire" in no time!

:laughing7: exactly what i'm going to do!!
thanks!
 

Re: FRIDAY'S FINDS & CHEAP SILVER PURCHASED

timbobwey said:
If you didn't buy those 1/2 reales, go buy them. They are usually worth at least $100-$150 even in just good shape, so for 25-35, that's a sick deal

thanks for the advice.. will go get them as soon as possible! :notworthy:
 

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