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jimineez's Last 20 Posts
| Are These Buying Prices Normal?
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jimineez
Valued Member
United States
287 Posts |
 Posted 04/01/2013 11:11 am
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Honestly doesn't look too bad to me. You know what most we buy gold shops will give you for that morgan dollar? Probably in the neighborhood of $12....so this guy offering $20 is certainly better.
No, he can't have mine at that, but he is offering more than a lot of people sell theirs for.
Point is, yeah he is a bit low, but I wouldn't call him a scammer. My aunt took some sterling flatware to a buy gold place not long ago and they offered her 25c per gram when melt value was over 80c! now that is a scam! I had her mail it to me, got 90% of melt for it, and gave her all but 10% of the money.... they also offered less than half of the melt value on some nice gold jewelry....I told her to run away! |
| | Forum: US Classic and Colonial Coins |
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| Any Way To Help Restore An Acid Tested Morgan Dollar?
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jimineez
Valued Member
United States
287 Posts |
Posted 04/01/2013 09:18 am
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Just picked up five cheap morgan dollars from a middleman that were acid tested by some buyer unfortunately. Luckily they are all 1921's, not rare dates, but I'd like to see if there is some way to help them.
My thought is that if the acid just etches the top surface a bit, maybe I can just carry them around in my pocket a while and that surface will slowly go away and expose an original silver surface again. I mean, they are already lightly circulated, so maybe I can just circulate them a bit more and make the acid spot go away....mostly.
Thoughts?
[URL="http://www.flickr.com/photos/23924600@N07/8608994791/] [/url]
[URL="http://www.flickr.com/photos/23924600@N07/8608994791/]1921morgans001_edited[/url] by [URL="http://www.flickr.com/people/23924600@N07/]jhf1621[/url], on Flickr |
| | Forum: US Classic and Colonial Coins |
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| Reeded Edge Difference In Gold Half Eagles
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jimineez
Valued Member
United States
287 Posts |
Posted 04/23/2012 2:19 pm
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So,
I was looking at a few gold half eagles from the late 1800's and when stacked it was very obvious that the reeded edge was different.
It looks like the couple from San Francisco have fine, closely spaced reeds while the no mint mark Philadelphia coins have a more coarse reeded edge.
I assume this is correct and normal?
I this common knowledge that I'm just now stumbling on?
Thanks! |
| | Forum: US Classic and Colonial Coins |
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| Best Place To Sell Silver Mint Sets?
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jimineez
Valued Member
United States
287 Posts |
Posted 02/10/2012 1:02 pm
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Hi everyone.
I got into Canadian silver last year and ended up with a bunch of nice 1965 mint sets in the cellophane. I need to sell them, preferably 10 or more at a time, does anyone know of the best place to send them? Most of the US dealers are just offering 90% of spot silver, but I feel these are too nice for that...spot would be great!
Thanks for any help!
--JF in GA |
| | Forum: Canadian Coins and Colonial Tokens |
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| Blemished Ages?
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jimineez
Valued Member
United States
287 Posts |
Posted 08/04/2011 09:21 am
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Silver sometimes has minimums, gold normally does not. But they will pay much more if you have a nice quantity.
Kitco: paying 91% for gold if small quantities
Midwest: pays 95%, but you'll usually lose a bit on a waste factor if jewelry, hopefully not if coins but I've never melted coins!
Millennium precious metals: much less known, claim they pay 99%, can't say but never read any horror stories with them, I may try soon.
Market Harmony: only 88% on small quantities of 22k and lower, much more if over 5 oz. But will do 95% if it is .999 gold (one reason pure gold is better than 22k/917. However, these guys do pay for the silver contained in the coin too. |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
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| Blemished Ages?
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jimineez
Valued Member
United States
287 Posts |
Posted 08/03/2011 9:37 pm
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you can easily sell the dinged ones for at least spot, just don't sell to a LCS, I certainly never ever do...ever. Heck, you can melt them for 95% if you deal with the refiner...it is all about cutting out the middleman. But almost any AGE shouldn't be melted no matter what some "dealer" or pawnshop says.
Get in touch with me, I'll buy them for spot unless they are torn up badly or bent (3% under if so). I can sell them for 5% over on a quick deal, probably more like 10%. You have to deal with bullion people, not numismatic people, for stuff like this! "gold is gold" is the motto around my usual customers/friends. $5 over spot like I said is about 3%...offer him spot if you want, but if/when those glued ones clean up, you'll be sitting on 10%-15% premium coins that you paid just 3% over for! 1/10 AGE are just about the most liquid coin there is! |
| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
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| Blemished Ages?
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jimineez
Valued Member
United States
287 Posts |
Posted 08/03/2011 8:04 pm
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Make him a nice offer on all of them, say $5 per coin over spot.
soak in acetone for the glue ones and they will likely clean up, then sell the worst of the others for $5 over spot and break even on them. You'll be left with some nice coins for a very low premium.
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| | Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum |
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