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40 Silver Quarters - Lucky Day!

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Pillar of the Community
Silver Eagle's Avatar
United States
858 Posts
 Posted 07/30/2009  10:48 pm Show Profile   Bookmark this topic Add Silver Eagle to your friends list Get a Link to this Message Number of Subscribers
Well, after some debate on whether to go to the supermarket or not, I decided I better just go and make it quick. I just got out of the gym at 7:30pm and was tired and hungry, but needed some food for my work lunches for the next few days. I'm walking by the Coinstar machine in the supermarket lobby, I always check the reject at the bottom, and come across a middle-age gentleman with a handful of coins he was staring unhappily at. Of course, I noticed the gleam of silver from about 10-15 feet away. I approached him and asked if the coins were silver. He replied , "Yes, but the machine wont take them." I then asked if I could purchase them from him and he eagerly smiled as if I was doing him a favor. He counted out 40 silver quarters and threw in two wheats and a few canadian coins. I gave him $10 and the deal was complete. Here are the dates of the quarters:

1 Standing Liberty - no date
1 1937
12 mixed 1940's
9 mixed 1950's
17 mixed 1960-1964

Sorry for the long story, but it is amazing what can be found when you least expect it. Thank you Coinstar for rejecting silver!
Valued Member
motos's Avatar
United States
310 Posts
 Posted 07/30/2009  10:52 pm  Show Profile   Bookmark this reply Add motos to your friends list Get a Link to this Reply
thats awesome. cool guy, cool reward.
Valued Member
mowens16's Avatar
United States
120 Posts
 Posted 07/30/2009  10:52 pm  Show Profile   Bookmark this reply Add mowens16 to your friends list Get a Link to this Reply
OK somebody beat me with a club, I could never get that lucky!

GREAT DEAL, congratz!!
Member
wetglaswegian's Avatar
United States
917 Posts
 Posted 07/30/2009  11:08 pm  Show Profile   Bookmark this reply Add wetglaswegian to your friends list Get a Link to this Reply
I doubt id ever get that lucky , it might occur to me to ask the old fella if he knew the value is closer to $100 melt.
New Member
Arjmuat's Avatar
United States
17 Posts
 Posted 07/30/2009  11:47 pm  Show Profile   Bookmark this reply Add Arjmuat to your friends list Get a Link to this Reply
Here's what to do: get that guy and ask him to sell all his old coins to you! What you got was awesome!
Valued Member
novillero's Avatar
United States
290 Posts
 Posted 07/31/2009  11:00 am  Show Profile   Bookmark this reply Add novillero to your friends list Get a Link to this Reply
yeah, you should have asked him if he had more at home that he would sell for face to your CCF friends!
Rest in Peace
numismo's Avatar
United States
3039 Posts
 Posted 07/31/2009  11:09 am  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
Surprising. He knew they were silver but didn't know they were worth 6 or 8x face, and of course you didn't tell him. Oh well.
Valued Member
Coin_Guy's Avatar
United States
143 Posts
 Posted 07/31/2009  1:50 pm  Show Profile   Bookmark this reply Add Coin_Guy to your friends list Get a Link to this Reply
How odd. He new they were silver and only sold them for face value? Good for you!
Valued Member
United States
429 Posts
 Posted 07/31/2009  10:56 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
Every time I see some one use those I kick myself because I would LOVE to search through it first. I would gladly search through 1000+ coins just to find one I like.
Valued Member
coincollectingkid's Avatar
United States
323 Posts
 Posted 07/31/2009  11:00 pm  Show Profile   Bookmark this reply Add coincollectingkid to your friends list Get a Link to this Reply
i agree with penny pincher!
Valued Member
poconopete's Avatar
United States
66 Posts
 Posted 08/09/2009  5:58 pm  Show Profile   Bookmark this reply Add poconopete to your friends list Get a Link to this Reply
I wouldn't brag too much about ripping off the old man. Remember what goes around comes around. Kindness should have made you give him more than ten bucks. But I'm just speaking for myself!
Pillar of the Community
Silver Eagle's Avatar
United States
858 Posts
 Posted 08/09/2009  6:53 pm  Show Profile   Bookmark this reply Add Silver Eagle to your friends list Get a Link to this Reply
First of all, .

I'm certainly not bragging about finding the silver quarters. My main point is that you never know what you will stumble across. Nowadays, it is very difficult to find any silver in circulation, but every now and then you get lucky. As proven though statistics on this site, you can go through 20 boxes of halves and find 0 silver and then your next box has 50 silver halves in it. You simply never know what you will come across. I feel I did not rip him off, he could of went to a dealer to sell them, but chose Coinstar instead. I walked into the situation, he did not come to me asking for my advice. If he would have asked I would have been honest with him.

As for your advice-"what goes around comes around", maybe this was kindness coming my way from the lord for some of the good deeds I've done in my lifetime. Just a thought...
Pillar of the Community
United States
505 Posts
 Posted 08/09/2009  8:44 pm  Show Profile   Bookmark this reply Add Frazzle to your friends list Get a Link to this Reply
You should definitely offered more for the coins....This old fella was probably living off a low pension and didnt know these coins were worth a lot more....Not cool!!
Rest in Peace
numismo's Avatar
United States
3039 Posts
 Posted 08/09/2009  9:32 pm  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
with Frazzle but I guess each to their own.
Pillar of the Community
chris12018's Avatar
United States
2130 Posts
 Posted 08/09/2009  9:48 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
also. You should have been more honest. Especially because you knew the value. I honestly feel sorry for the old guy.He probably and most likely cashing in coins to survive. Knowingly taking advantage of a situation and someone is just plain wrong. I personally would never have pulled a stunt like the one you pulled. How would you feel if someone pulled that garbage on you father or grandfather. I'm sure you would be more than a little upset. Always remember "What you do today, you will have to sleep with tonight".

I've been here only a short time. A few things I noticed was the amount of knowledge and help that the members of CCF have to offer. But, The two things that are big here is honesty & fairness to each other which carries outside the CCF forum.

IMO you are wrong!
Edited by chris12018
08/09/2009 9:58 pm
Pillar of the Community
Jaobler's Avatar
United States
6381 Posts
 Posted 08/10/2009  02:08 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
I think I would have told the gentleman his quarters were worth much more than face value and then offered to pay maybe $40 for the lot. I would then ask whether he had other old coins he might want to sell. I would feel virtuous about sharing a small bonanza with him, and perhaps a door for further business would open.

Nevertheless, I don't fault you for how you handled it. He was aware the coins were silver and still wanted only face value for them. Hey, at least you paid better than Coinstar! They charge 8.9% handling fee which would have been deducted if the machine had accepted his quarters.
Edited by Jaobler
08/10/2009 02:14 am
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