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$600 in junk turns out to be a great score for my collection

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Valued Member
United States
126 Posts
 Posted 03/07/2012  6:11 pm Show Profile Bookmark this topic Add ozerman to your friends list Get a Link to this Message

Went to my coin dealer today and picked up $600 in 90% silver today for just under spot. When I got home I found that almost a 1/4 of the older coins (Liberty and Franklin halves, Merc dimes and a Barber dime) were in better condition than those in my collection.

It was pretty exciting to see at first until I realized the time and effort it's going to take to swap better coins with collection.

Anyways can't be upset by a turn of good fortune.

Valued Member
United States
287 Posts
 Posted 03/07/2012  7:00 pm  Show Profile Bookmark this reply Add Cali_Nick to your friends list Get a Link to this Reply
Nice score :)
Pillar of the Community
United States
2133 Posts
 Posted 03/07/2012  7:04 pm  Show Profile Bookmark this reply Add acloco to your friends list Get a Link to this Reply
Very nice surprise!
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United States
6600 Posts
 Posted 03/07/2012  7:20 pm  Show Profile Bookmark this reply Add Fuzzy317 to your friends list Get a Link to this Reply
along the same lines: I won an auction of 10 silver Washington Quarters at melt including shipping. About half were better than what I had, and have been swapped.
Valued Member
United States
126 Posts
 Posted 03/07/2012  10:19 pm  Show Profile Bookmark this reply Add ozerman to your friends list Get a Link to this Reply
I know what you mean Fuzzy, a ton of the quarters and dimes are also better than what I already have.
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United States
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 Posted 03/08/2012  02:20 am  Show Profile Bookmark this reply Add murrellington to your friends list Get a Link to this Reply
$600 that you paid I'm assuming, and not $600 face value of silver.
Valued Member
United States
126 Posts
 Posted 03/08/2012  03:19 am  Show Profile Bookmark this reply Add ozerman to your friends list Get a Link to this Reply
$600 paid, face was $25.25 face at spot price of 33.17, so I came out a little under $10.00 ahead
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United States
14452 Posts
 Posted 03/08/2012  08:52 am  Show Profile Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
any time you get an upgrade in your collection its a good day, when you get it for spot its a great day
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United States
1325 Posts
 Posted 03/08/2012  08:57 am  Show Profile Bookmark this reply Add jeffrose to your friends list Get a Link to this Reply

Quote:
I realized the time and effort it's going to take to swap better coins with collection.

That should be the fun part.
OPEN 24 HRS (but not in a row)
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United States
2277 Posts
 Posted 03/08/2012  10:31 am  Show Profile Bookmark this reply Add wquinn to your friends list Get a Link to this Reply
That is great to hear.

Got any photos to share?
Valued Member
United States
83 Posts
 Posted 03/08/2012  10:39 am  Show Profile Bookmark this reply Add RJP to your friends list Get a Link to this Reply
Upgrades are always a nice part of collecting. Glad yours can be upgraded.
I always like looking through the junk box. one persons junk is anoughters treasure.
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United States
870 Posts
 Posted 03/08/2012  11:27 am  Show Profile Check kookoox10's eBay Listings Bookmark this reply Add kookoox10 to your friends list Get a Link to this Reply
Very nice turn on that lot. Surprisingly it's easy to find higher grade coins in these melt lots
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21729 Posts
 Posted 03/08/2012  12:15 pm  Show Profile Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Nice acquisitions with an added bonus!
Jbuck! ... Coin Collector since 1978 ... Learn more about my current avatar and my previous one.

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United States
5344 Posts
 Posted 03/08/2012  4:28 pm  Show Profile Bookmark this reply Add D0ubl3Eagle to your friends list Get a Link to this Reply
Has to be a nice buy when you can upgrade you collection for just melt!
Valued Member
United States
126 Posts
 Posted 03/08/2012  5:35 pm  Show Profile Bookmark this reply Add ozerman to your friends list Get a Link to this Reply
No pictures really worth taking. Nothing is in great condition, just better than what I had. The shop I get it from is great. Everything is up to the minute spot price. Even when I grab Silver Eagles they charge spot. I have no idea how they actually turn a profit.
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Canada
659 Posts
 Posted 03/08/2012  6:04 pm  Show Profile Bookmark this reply Add Peter4805 to your friends list Get a Link to this Reply
Congrats on the upgrades and on getting a great deal. The coin dealer I usually go to lets me spend hours sifting through his junk silver and gold coins and once in a while my persistence pays off. I recently picked up an 1843-O large date quarter eagle that's easily worth double the melt price he charged me.
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