cyberdan
Silver Member
- Joined
- Dec 12, 2006
- Messages
- 4,596
- Reaction score
- 2,222
- Golden Thread
- 0
- Location
- Very Northern Left Coast
- Detector(s) used
- XLT & Bigfoot
- Primary Interest:
- All Treasure Hunting
Before any one thinks I am trying to buy coins off you all let me say I am not. I want to share with you my methods in hope that you too can make a few extra $$$$
Whenever I go into a bank and I ask for coins. If the tellers are talkative or curious about why I want so many I tell them about my hobby. I also tell them I buy silver coins. I hand them a business card I had made up and explain how much I will pay them. I try to keep it simple for two reasons. Most people know nothing about coins and silver and the other reason most tellers I deal with were born in Korea or China.
I tell them if they had $10 in silver coins I would pay them $55 in cash. That they understand.
Two weeks ago I bought a few hundred in halves at a Korean bank and a teller and the branch manager were very talkative so I told them about my offer and their eyes got big as quarters and they both said they had silver at home. I asked them to bring it in and we made an appointment for last Saturday.
Here is what they had:
Manager: 1- walking liberty 1- franklin 2 - 40%JFK
I offered her $7.50 and she was thrilled
Teller: 13 - 90%JFK 36 - 40%JFK
I told her it was worth $71.75 but that I would give her $75 she was over joyed.
So for $82.50 I got about $151 in silver. I will be selling about $85 worth this week and keeping the rest as FREE SILVER! (that is even better then buying it for face value)
Now what makes this even better is that while I am borrowing one of the bank's desks near the front door the banks manager keeps bringing over the bank's customers that she thinks I may want to meet. Two people said they have silver coins that they may want to sell. One is going on a long vacation and will contact the bank when he gets back. The other is a liqueur store owner and he gets silver coins all the time. I gave him my card.
Last night he called me and asked what a 1800 silver dollar is worth. Because English is not his first language I made sure of the date 1-8-0-0. I looked it up and told him it was a Draped Bust dollar and depending on the quality from $200 to $7000 I could hear him drooling in the phone.
This is what it looks like if that is what he really has. (example photo courtesy auction site)
There are a lot of counterfit coins out there and I am no authority so how can some liqueur store owner get his hands on a coin like that. Most likely his store is in a bad neighborhood and someone brought it in with other stolen coins to get some smokes.
I may to talk to him again on buying that coin but I will definitely take it to my coin dealer to authenticate it before I spend more than a dollar on it.
Whenever I go into a bank and I ask for coins. If the tellers are talkative or curious about why I want so many I tell them about my hobby. I also tell them I buy silver coins. I hand them a business card I had made up and explain how much I will pay them. I try to keep it simple for two reasons. Most people know nothing about coins and silver and the other reason most tellers I deal with were born in Korea or China.
I tell them if they had $10 in silver coins I would pay them $55 in cash. That they understand.
Two weeks ago I bought a few hundred in halves at a Korean bank and a teller and the branch manager were very talkative so I told them about my offer and their eyes got big as quarters and they both said they had silver at home. I asked them to bring it in and we made an appointment for last Saturday.
Here is what they had:
Manager: 1- walking liberty 1- franklin 2 - 40%JFK
I offered her $7.50 and she was thrilled
Teller: 13 - 90%JFK 36 - 40%JFK
I told her it was worth $71.75 but that I would give her $75 she was over joyed.
So for $82.50 I got about $151 in silver. I will be selling about $85 worth this week and keeping the rest as FREE SILVER! (that is even better then buying it for face value)
Now what makes this even better is that while I am borrowing one of the bank's desks near the front door the banks manager keeps bringing over the bank's customers that she thinks I may want to meet. Two people said they have silver coins that they may want to sell. One is going on a long vacation and will contact the bank when he gets back. The other is a liqueur store owner and he gets silver coins all the time. I gave him my card.
Last night he called me and asked what a 1800 silver dollar is worth. Because English is not his first language I made sure of the date 1-8-0-0. I looked it up and told him it was a Draped Bust dollar and depending on the quality from $200 to $7000 I could hear him drooling in the phone.
This is what it looks like if that is what he really has. (example photo courtesy auction site)
There are a lot of counterfit coins out there and I am no authority so how can some liqueur store owner get his hands on a coin like that. Most likely his store is in a bad neighborhood and someone brought it in with other stolen coins to get some smokes.
I may to talk to him again on buying that coin but I will definitely take it to my coin dealer to authenticate it before I spend more than a dollar on it.
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