23 Peace/Morgans

Nice!

I will be keeping all of these but if I can snag the 1928 Peace dollars I will be selling all but the best one of those. I plan to take the proceeds from them and buy an AT Pro and save the rest for the next big coin show at the state fair grounds this summer. These guys only look for CC mint coins which they then send off for grading and then put on ebay for sale. In their mind if it isn't a Carson City it is just common junk silver. They pay only 50% of melt so I do not feel bad at all paying their asking price of around $4 over melt to them for a coin worth nearly 10 times more.

I guess I live in the wrong place. Nobody here buys dollars for half of melt. Current melt is $22 so that would be $11 each. Even the stores here that cheat people pay more then that. Good find. I hope the person that sold them cheap to the pawn shop didn't get them in a questionable way. I have to believe they would have gotten $18-22 at any local coin store.

Is it me or did Tim forget to post the name, address and most importantly the telephone number of this Pawn Shop so we can verify his recent purchase.

Hopefully Mr. Stroud will post his reply before this Tuesday with the information requested.

Here are the close up pics I took of them all last night. I had one 1926-S that was a dog and didn't bother to photograph it. I must have put that one in my buy pile by mistake when I put this batch on lay-a-way. I welcome any opinions on grade and whether or not I should get them graded. I suspect that #18 is a VAM but I no very little about VAM's.

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At least they only paid half of melt for them!

These guys have no clue what so ever when it comes to coins. All they know is if it has a "CC" on the back it is worth a lot of money and even then they only pay the seller 50% of melt value. Plus they are primarily a pawn business and they make a killing off of that so 12 or 13 hundred dollar loss on a buy every now and then is just part of the business for them. As the shop owner said when I held up my magnet with 7 coins stuck to it.............."It ain't the first time my brother bought fake %#@*"