mrogers07
Full Member
I am not much of a silver stacker. I like to search rolls for collectable coins. I recently came upon some silver Kennedys and a Walker, yet only kept the Walker, for example.
Anyway, I wanted to sell some of the common silver I have come across lately...halves, dimes, war nickels, etc., so I called the local coin shop to see what they were offering. I know it's not much, but they offered me what would be about $70 for the coins I had. I got to the shop and it was closed. On a whim, I called a local pawn shop with a great reputation. They said they were paying spot. I went there and they offered $110 for the coins...spot. I have always been told that the local coin dealer would be the place to sell, but obviously that isn't the case. I have to wonder why I was offered so much less. They are only open six hours a day, five days a week, so is their business not doing so well and they need every profit point they can get? Is he greedy? Not a clue. It's amusing that he has flyers posted around saying he pays more than anyone in town, too. All in all, though, I guess I am lucky I found the shop closed.
Has anyone else found this to be true as well, that the local pawn shop is a better place to sell silver than a coin shop?
Anyway, I wanted to sell some of the common silver I have come across lately...halves, dimes, war nickels, etc., so I called the local coin shop to see what they were offering. I know it's not much, but they offered me what would be about $70 for the coins I had. I got to the shop and it was closed. On a whim, I called a local pawn shop with a great reputation. They said they were paying spot. I went there and they offered $110 for the coins...spot. I have always been told that the local coin dealer would be the place to sell, but obviously that isn't the case. I have to wonder why I was offered so much less. They are only open six hours a day, five days a week, so is their business not doing so well and they need every profit point they can get? Is he greedy? Not a clue. It's amusing that he has flyers posted around saying he pays more than anyone in town, too. All in all, though, I guess I am lucky I found the shop closed.
Has anyone else found this to be true as well, that the local pawn shop is a better place to sell silver than a coin shop?
Upvote
0