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How Many Have Purchased Coins From Pawn Shops?

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Pillar of the Community
Canada
1106 Posts
 Posted 06/28/2007  10:45 pm  Show Profile   Bookmark this reply Add chrycopaul to your friends list
I picked up a 1956 Canadian silver dollar, which is a semi-semi key date, and got it for not much over melt.

How-Many-Have-Purchased-Coins-From-Pawn-Shops?
How-Many-Have-Purchased-Coins-From-Pawn-Shops?
Edited by chrycopaul
06/28/2007 10:57 pm
Bedrock of the Community
United States
20753 Posts
 Posted 06/28/2007  11:03 pm  Show Profile   Bookmark this reply Add just carl to your friends list
As with many topics the answer is pending on location, location, location. If your around the Chicago area there are virtually hundreds or even possibly thousands of garage/yard/estate sales. Always remember estate sales, not estate auctions. The primary thing with all these are you must ask about coins. I've never seen coins of any kind out on display. Way to much theft in this area. However if you ask you may be surprized at how many have an old jar, can, box, etc of old coins laying around but are afraid to put them out at such sales. You have to ask. One of my biggest finds ever was at such a yard sale. I asked and a lady said be right back. Came out with a jar full of pennies(cents). Said I could have them but would have to sit there and count them. I just offered $50 and it was a deal. At home it turned out to be close to $35 in face value. Why I offered that much? The bottom was full of Indian Head cents. Estimated coin value was in the thousands.
I have tried many pawn shops in the area but unless you know someone the people just give you a funny look and say we don't accept coins. Yeah, right. I go to about 3 coin shows a Month, coin shops when I have time, flea markets every weekend but you can't beat garage/yard/estate sales. But you have to ask.
Pillar of the Community
Australia
1262 Posts
 Posted 06/28/2007  11:03 pm  Show Profile   Bookmark this reply Add humpybong to your friends list

Yes I have purchased from a pawn shop. Always ask if they have any but most of the time they do not have anything I want.

Have also purchased from a flea market and a garage sale.

You just never know what you might find.
Valued Member
United States
264 Posts
 Posted 06/28/2007  11:43 pm  Show Profile   Bookmark this reply Add Madmartigan to your friends list
I saw a home made sign today saying estate sale on my way to work and was like dam. I've yet to try an estate sale or a yard sale for that matter. Mostly due to time as I have 2 kids and a wife that is on a rotating shift. I just thought about calling around to local pawn shops to see if they had any coins. Didn't think about the antique stores. Not sure we really have any in my area of GA.

I'll have to give it a shot if have any money left from paying my car tags.
Pillar of the Community
Canada
1152 Posts
 Posted 06/29/2007  01:20 am  Show Profile   Bookmark this reply Add pattiewhack to your friends list
quote:
What about flee-market?

Some of the best deals of all time. I can't even begin to tell how many times I have multiplied my money by 10.
Valued Member
United States
173 Posts
 Posted 06/29/2007  02:04 am  Show Profile   Bookmark this reply Add ducky1100 to your friends list
I have 2 Pawn Shops that I have been dealing with for 6-7 years. They know what I will take without much dickering and approx what I'll pay. Lots and lots of Silver and Silver Dollars. Have picked up many, many great coins from them at reasonable prices. Also have real good luck at Flea Markets. Only once did I EVER purchase coins at a Yard Sale.
Valued Member
United States
306 Posts
 Posted 06/29/2007  04:05 am  Show Profile   Bookmark this reply Add magusxxx to your friends list
Strange that antique stores were mentioned. Just two weeks ago I went through all the coins at my local antique mall. I only found overpriced stuff. But my coin store said they bought some larger coins there awhile back because they were priced less than spot.

I think the moral is that the stuff sits at antique stores for so long that sooner or later bad deals become good ones.unless they're War Nickels. ;)
Pillar of the Community
United States
3343 Posts
 Posted 06/29/2007  06:49 am  Show Profile   Bookmark this reply Add thq to your friends list
Now and then I find something in a pawn shop. One of the first coin shops I went to was in a pawn shop, so at one time I got some nice fairly graded coins. But recently it has been a matter of sorting through damaged/polished/overpriced stuff. The last coin I got in a pawn shop was a common O Morgan in XF/AU, sorting through their silver box. Nothing special, but not marked up much above melt.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Pillar of the Community
United States
2335 Posts
 Posted 06/29/2007  08:33 am  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list
An old college friend owns 4 Pawn Shops. They buy any sort of gold, but don't buy silver in any form, or any type of coins. He says the profit margin isn't big enough for him to fool with. He also says that they almost never see coins anyway, although they see silver bullion & scrap fairly regularly. Based on the money this guy is making I have to believe he knows what he's talking about.
Valued Member
United States
264 Posts
 Posted 06/29/2007  09:39 am  Show Profile   Bookmark this reply Add Madmartigan to your friends list
Well just pulled out the old phone book. We have 25+ pawn shops listed for my area. One even advertises that they buy scrap gold & coins. So guess I'll get some cash and just go play hit & miss. Will let you know how I do.
Pillar of the Community
United States
2443 Posts
 Posted 06/30/2007  6:34 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list
Madmartigan, did visit a couple? How did you do?
Pillar of the Community
United States
7123 Posts
 Posted 06/30/2007  7:19 pm  Show Profile   Bookmark this reply Add Metalman to your friends list
I used to have a pawn shop that I dealt with regularly in my old hometown ,, they would call me if any coins were coming up on the shelves ,, I was able to buy or trade for them .

Here where Iam now the pawn shops are a long shot for coins !!

Metalman
Valued Member
United States
264 Posts
 Posted 06/30/2007  9:45 pm  Show Profile   Bookmark this reply Add Madmartigan to your friends list
Not made it out yet Amazon99 as the wife is working weekends. So instead I've been working on cement a relationship with a local bank which has paid off so far. They have held for me 27 Eisenhower dollars which you just don't find in circulation. They also had 5 rolls of 1/2 one day and 8.50 in 1/2s the next which resulted in 3 40% silvers. Just finished doing some roll searches and found a silver quarter, silver dime, and a few fillers for my albums. The teller is also checking to see if they can order some boxes of halfs for me.

Did call around and found 4 shops have some coins. So going to visit the flea market and those 4 shops in two weeks when wife can stay home with the kids.
Bedrock of the Community
United States
20753 Posts
 Posted 07/01/2007  9:01 pm  Show Profile   Bookmark this reply Add just carl to your friends list
At one of the flea markets I frequent one of the regular sellers vanished. I asked today what happened to him and found out he was arrested. It appears he was a partner in a pawn shop and the stuff they were selling at the flea market was basically from there. As soon as he gets out I think I'll ask him for any coins.
Bedrock of the Community
United States
12437 Posts
 Posted 07/02/2007  12:15 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list
just carl,
not to smear anyones character and please correct me if I am wrong, but did it occur to you that he may have been arrested because the pawn shop he was associated with was purchasing stolen mechandise off the books and then funneling it through the flea market to keep it out of the shop?


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