| Author |
Replies: 26 / Views: 3,327 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
809 Posts |
I dont think I would buy from a pawn shop. I would feel better buying from a coin shop.Just my opinion of course. 
|
|
Pillar of the Community
United States
609 Posts |
I would be extremely cautious on this.
|
|
Pillar of the Community
United States
3592 Posts |
Quote: I would feel better buying from a coin shop. I got a fake S-vdb from a coin shop,luckily I knew enough to return it right away.My suggestion is to educate yourself on the coins you collect,that is the best way....and you may even run into a deal...the one in my Dansco cost me $90.
|
|
Pillar of the Community
United States
2661 Posts |
Quote: They paid $25 for two board books and a zip lock full of 40's and 50's...they didn't even look at them to see what was there, so they paid something like 12 cents for the coin
When I am in my favorite pawn shop and coin comes in am I might be remotely interested I offer 50% above what they just paid as soon as the seller leaves and 9 times out of 10 they hand them right over. I have made a few very nice buys this way but end up with a bunch of stuff I don't really want in the process. For example, I bought 33 rolls of wheat's a few months ago for $1.50 per roll. I was in there when the guy came in with them and was paid $1 per roll. I pulled 4 coins out of the rolls for my album and kept all the pre 40's as I have a ton of 40's and 50's already. I was left with 28 whole rolls that I consigned to a local auction house for a 10% sellers fee. My final take was $189.00 on the deal plus 4 filled holes and 4 coins short of five whole rolls of pre 1940 wheat's.
|
|
Bedrock of the Community
United States
19949 Posts |
Beware raw SVDB's, tons of fakes out there. The price is high anyway, CDN ask for G is $685.
|
|
Valued Member
 United States
72 Posts |
Lots of good help on here! thanks a lot everyone! I know the guy who does the coin part pretty well and I've done some research on fakes, it seems to be the real deal. I thought that he would cut me a deal of about $400 on it, $799 is too rich for my blood ungraded!
|
|
Valued Member
United States
259 Posts |
Let us know how it turns out, please!
|
|
Bedrock of the Community
United States
20753 Posts |
Quote: Lots of good help on here! thanks a lot everyone! I know the guy who does the coin part pretty well and I've done some research on fakes, it seems to be the real deal. I thought that he would cut me a deal of about $400 on it, $799 is too rich for my blood ungraded!
Doing research on fakes is smart but not conclusive. I know a person that is a coin dealer and has been for well over 50 years and got taken in by a 1916D Mercury dime. To this day he has no idea if real or not. He sent it in to a TPGS and it came back as a fake. He resent to another TPGS and it came back graded and slabbed. So een TPGS's are not infalable. He also purchased a 1914D that turned out to be a really great fake. I wouldn't be surprized at all as to how many collectors have fakes in their collections and don't know.
|
|
Moderator
 United States
188398 Posts |
A pawn shop is the last place I would buy any coin, let alone this one. I used to visit a lot of pawn shops looking for coins and my experience with them has never been good, so take that for what it is worth. Others have had better luck, and I congratulate them. I will be buying my 1909S-VDB at a coin show (eventually, not any time soon). I will also, as just carl often suggests, show it to the other dealers there before I leave. I might even post it to CCF for some comments. I can hang out in the snack bar while you guys drool over it. Again, eventually. Do not expect this anytime soon. 
|
|
Bedrock of the Community
United States
10045 Posts |
 For the most part, pawn shops offer few deals. The same might be said for antique shops, who usually lock everything up in cases, away from casual browsing. The one exception I found was a pawnbroker who also sold militaria. He had some great Aussie coins brought back by soldiers as souvenirs of wars. Some of my best coins come from him; this one was only $1.50. It's a $300+ coin in this grade. There might be other gems out there, overlooked in pawn shops.  
|
|
Moderator
 United States
188398 Posts |
Very nice!  Quote: There might be other gems out there, overlooked in pawn shops. I agree, but just not around here. That is why I offer congratulations to anyone who has been able find real treasures at reasonable prices. I simply ran out of patience dealing with inflated prices and mishandling (I have seen way too many aggressively cleaned coins in pawn shops).
|
|
Bedrock of the Community
United States
10045 Posts |
JBuck, I hear ya--I've almost given up collecting silver coins due to rampant cleaning--even from "real" coin dealers.
|
|
Moderator
 United States
16679 Posts |
It's a pawn shop. Enough said.
swcoin.ecrater.com
|
|
Valued Member
 United States
72 Posts |
I have been in lots and lots of pawn shops and the one I go to is pretty awesome. The guy who does coins gives me at minimum 50% off of book value and usually does better. This is not the norm for pawn shops as it goes though :) I've just been lucky. I've completed half of a Canadian type set at my pawn shop for less then $15 in pretty darn good condition, they really only charge book on high end coins..
|
|
Pillar of the Community
United States
1348 Posts |
my pawn shops lists everythign at about 10% over RedBook just so they can drop the price to make you feel like you got a deal.
|
|
Page 2 of 2
|
Replies: 26 / Views: 3,327 |
Page 2 of 2
|