Great finds from a Cash For Gold store.

[Danman]

Two months ago, I was on my way back from a class trip at the Chesapeake Bay when I saw a Cash For Gold shop that had a sign saying they buy gold, silver & coins, so I figured I would give it a shot. I'm sure glad I did. The owner had several Morgan and Peace dollars and he was selling them at 20 bucks a piece! I ended up buying 21 of them. He also had some half dollars for 9 dollars a piece so I ended up getting two 1964 Kennedy's and three tarnished proof Franklins, a 1961, 1962 and 1963. But that's not all: One of the Peace dollars I found was a 1928 NO MINT MARK! He must have overlooked it or mistook it for a 1923. I got that for 20 dollars as well. The only silver dollar I paid less than 20 for is that culled 1922 Peace. He said he would do 15 for that; he told me he actually pays 15 bucks a piece for the Morgan & Peace dollars, and he looks up the prices in a book. For the rest of the silver coins he has, he said he doesn't bother to look them up in a book because it's too much work for him. Altogether I ended up paying $460, and he didn't charge me tax!

I think this calls for a celebration!

 

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[Danman]

Here is the 1928 Peace Dollar. Sorry if the uploaded images are bad.

 

[TXPIRATE]

Good haul.

 

[vpnavy]

Nice! Thanks for sharing...

 

[MT_Joe]

Good stuff!

 

[jbc465]

Good buy.

 

[Joe777Cool]

Nice job! If he doesnt look up the junk silver, buy that next time (too). You never know what you are going to find!

 

[diggummup]

Yes, many of these places probably only think scrap value, when it comes to pm's. May be a good place to start searching for hidden gems, as evidenced above.

 

[willis7]

most of the ones in my area run ebay pages and sell most of the stuff they get and scrap only broken stuff

 

[Danman]

I forgot to mention that these are all real silver dollars. I weighed them and did the magnet test; they all passed.

 

[Generic_Lad]

If you're good at jewellery, buy that too if they're in good condition.

 

[Danman]

I know nothing about jewelry. I plan to go back there in a few weeks. The shop is about 1 hour, 20 minutes or so from where I live; I will make sure to call on the same day I plan to go in to ask how many Morgan and Peace dollars he has available.

 

[dejapooh]

The problem is that at $20 per silver dollar you are 35% over spot. Too rich for my blood. I would offer $25 to let you cherry pick his silver coins then only take the MS and key dates.

 

[Generic_Lad]

The problem is that at $20 per silver dollar you are 35% over spot. Too rich for my blood. I would offer $25 to let you cherry pick his silver coins then only take the MS and key dates.

Apmex will buy them for more than that in many cases.

 

[Joe777Cool]

The problem is that at $20 per silver dollar you are 35% over spot. Too rich for my blood. I would offer $25 to let you cherry pick his silver coins then only take the MS and key dates.

I'm not sure where you live, but in my area buying Morgans at $20 each is unheard of unless they are culls. Morgans, Silver Eagles, 90% silver all carry a premium.

 

[Danman]

I'm not sure where you live, but in my area buying Morgans at $20 each is unheard of unless they are culls. Morgans, Silver Eagles, 90% silver all carry a premium.

Culled Morgan and Peace dollars at $20 each sounds normal. I know one dealer who sells culls for $25 a piece, but his stuff is a bit overpriced.

 

[jerseyben]

Culled Morgan and Peace dollars at $20 each sounds normal. I know one dealer who sells culls for $25 a piece, but his stuff is a bit overpriced.

Yea, I would be good at $20 each for generic/common silver dollars but no more than that.

 

[diggummup]

$20 is a good price and he only paid $15 for the cull. The '28 no mm was a bonus for sure!