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teller * tells me shes got $5 in "burnt" looking halfs when i ask if she has any

ivan salis

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teller * tells me shes got $5 in "burnt" looking halfs when i ask if she has any

when she holds one up --I see thet are "tarnished" silvers not burnt coins ** oh ya --staying cool I say "yah I'll take em" -- of the 10 coins -- 7 are 40% (65 to 70) and 1 is a 90% (64) -- since I was headed to the coin store anyway its fast and easy money -- for the $4 invested -- I get back $34.50 --net profiet $30.50 cents -- not bad for "free" ---the funny part was there were 2 young tellers working the drive thru window and as they were giving me them -- they asked if I collected them for silver, because one of the older tellers had told them to check the edge for "brown" -no brown means silver they said * -- well I was not about to enlighten them about the "brown edged" 1965 to 1970 -40% ers -- if the older "silver" blocking teller didn't clue them in --I sure as heck wasn't going to. --what cut my own throat ?---the one young gal asked if a 1930 something "big silver" dollar was worth much -- I said a bit due to silver content but the coins condition means a lot as well. (current melt on a 90% silver dollar is $28.63)
 
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Re: teller * tells me shes got $5 in "burnt" looking halfs when i ask if she has any

haha nice but u should been able to get like 47 bucks for that...
 
Re: teller * tells me shes got $5 in "burnt" looking halfs when i ask if she has any

with a 90% half full melt value at about $ 13 and a 40% at about $5 -- with 7 x 5 = 35 and 1 x 13 =13 full melt value is only about 48 bucks -- no one is going to pay you "full spot melt" value --you gotta leave some $$$ on the table for their overhead and profiet -- so normally many places discount when buying by about 1/3 --so they will pay about 2/3rds of full melt value normally --and they sell at at least the spot they bought it at or above that spot price if they can --the differance is the profiet margins they need to operate on.

2 for me -1 for them-- on easy fast "free money" -- I'm not sweating it.
 
Re: teller * tells me shes got $5 in "burnt" looking halfs when i ask if she has any

I just received a call an hour ago from the tellers that I bank in and they are holding 5 rolls for me that someone just brought in ;D need to go and get some chocolates for those ladies. Will let you know what I find. :thumbsup:
 
Re: teller * tells me shes got $5 in "burnt" looking halfs when i ask if she has any

Love those dirty looking halfs.....Matt
 
Re: teller * tells me shes got $5 in "burnt" looking halfs when i ask if she has any

My local coin shop would have paid you $45 to $47 for those coins, maybe a tad more.
 

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