Most Outrageously Cheap Purchases. Past & Present.

I will never top this experience.

It happened at a large flea market back in July 2012. A seller had a couple of small bags of Lincoln Cents. Thinking I may have seen a 1922 dated coin in one bag I offered him $2.00 for the ten coins.

When I opened the bag here is what I found.









I took them to my local coin dealer who examined them for me. One of them was a Weak Reverse #3 1922 No D. He called two of them "extremely Weak D"s and one a "Weak D".

I ended up selling all four and made $625 for my $2.00 investment.

That sort of thing should happen more often.

Today I sold about 67 ounces of scrap sterling silver for $937 which I paid around $400 for at various estate and garage sales. Definitely a nice feeling. Well under 50% of spot, there was time and work involved, but it was FUN.
Even more notable in a way is that I also sold about 9.5 grams of 14K gold for $195. I paid just $3 (!!) at various estate and garage sales - broken watch for $2, broken ring for $1, small pin and chain for free, single earring found on a pavement.

Plucked this one from a large lot of Canadian nickel composition 50c coins. Sent it to PCGS, and is now the solo highest grade at MS-68, which is impressive for a large business strike coin (next highest is MS-66).

My cost was face value (and plus PCGS certification for a modern coin).