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 Replies: 18 / Views: 3,175 |
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Valued Member
United States
95 Posts |
I stopped by a local pawn shop today to see if they had any "junk" Franklin halves, and if so how much they were asking. I was told they were 12 and 1/2 times face value. I thought that was reasonable and went through a large box of them. I picked out a number of them, including what looked to be a 1958 proof. That is the cheapest price I've see on them in a long time. |
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Pillar of the Community
United States
6478 Posts |
11 X face is what they charge me.
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Pillar of the Community
United States
509 Posts |
15 x 1 here at all the LCS I've been to.. Usually mix of walkers, Franklin and Kennedy with an occasional barber and all 15 x 1
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Valued Member
 United States
95 Posts |
The reason I thought the price was reasonable was because the lowest I had seen recently here locally was at a coin show. One dealer had them at 13 times face, and sold them out almost immediately. The pawn shop I mentioned had been at 14 times for a long time. I wish I could find them at 11 times face!
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Rest in Peace
United States
17900 Posts |
Within those ranges of 11-15 X face it is a heck of a lot of fun to go through, especially if they are mixing in a few Walkers and Barbers with the Franklins. A fine time to enjoy and every once in a while you find a winner. Even if you don't find a treasure, the things you learn by being hands on with more coins is always valuable.
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Pillar of the Community
United States
6478 Posts |
That was a typo. Woops. 14 face.
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Pillar of the Community
United States
4333 Posts |
THere are none here.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
6478 Posts |
Oh yeah, where I live, there are none. Down here at grandmas house, there are a few LCS.
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Pillar of the Community
Canada
5417 Posts |
I pay 11x face locally for US 90% not including morgan/peace dollar.
Edited by zxcccxz
07/10/2015 8:29 pm
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Pillar of the Community
United States
509 Posts |
I was talking to one of owners of most reasonable shop around me about a month ago.. He buys for 10x and sells for 15x. Seems like you have a sweet hookup for 11x
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Pillar of the Community
Canada
5417 Posts |
Yes, I have been quite lucky. My local dealer sort of looks down upon scrap silver. Although he pays a fair price when buying 80%, 90% and 99.9%, he sells the 80% and 90% for spot, the generic bullion rounds he gets are Spot + $1 and the silver maples/eagles he has are spot + $3. Despite this, he always seems to have an abundance of scrap, so much so that he says he sends 500oz out every month to be melted just because he can't justify storing it all. I often pick through his scrap boxes, among other things I have found, Liberty Seated dimes and Half Dimes, 2x 3-cent silvers (1852, 1853) in G-4 and plenty of 18th and 17th century world silver (usually 92.5%). I never find any Barber halves (although he has plenty of Barber quarters and dimes in G-VG), but he has plenty of G-VG common date walkers at face. Unfortunately, I bought a lot of scrap when silver had dropped to $22/oz thinking I got a good deal, and am now regretting it, so I have that stashed away and focus exclusively on numismatic purchases rather than hoarding bullion/scrap silver. I have not been to the shop in 3 months now, as it's much easier to find deals and a better selection on numismatic items online. Edited by zxcccxz
07/10/2015 10:45 pm
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Pillar of the Community
1153 Posts |
My LCS sells franklins and washington at 18x face
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Pillar of the Community
United States
2661 Posts |
I have a pawn shop in town that charges melt for them. I snag everything they have when they have anything.
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Pillar of the Community
United States
1119 Posts |
My LCS has all 90% for 13x face right now. I just bought a bunch of quarters including some AG to G Barbers and some G to VG standing liberty. Got some nice-ish Walking Liberty halves in VG to VF. They were charging 13X face two weeks ago also when silver was $1 more an ounce. |
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Valued Member
United States
105 Posts |
The pawn shop is the last place I want to be seen buying PMs.
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Valued Member
292 Posts |
I pay 13-14 times and is the only way I buy my junk
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Replies: 18 / Views: 3,175 |
Posted 07/10/2015 5:44 pm
