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What Does Your Coin Store Sell Junk Silver Coins For?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 18 / Views: 4,411Next Topic Page 2 of 2
Pillar of the Community
United States
1373 Posts
 Posted 01/20/2014  12:01 am  Show Profile   Bookmark this reply Add atticguy to your friends list
The store I go to charged 18x face the last time I was there (before December). For that price I get to pick whatever coins I want from their stock on hand; no minimum.
Another local shop has a much cheaper price but you get what they give you, which means I may or may not find ANY coins I need. Also, I think the minimum price is around $1,500.00, which is something I never have laying around.
Pillar of the Community
United States
1234 Posts
 Posted 01/20/2014  01:21 am  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list
20 to 22 times face

Dime $2
Half $10
Morgan $22

It's a sellers market here, a mid-sized town with 2 LCS that are on opposite sides of an intersection. Pricing can get interesting.
Pillar of the Community
United States
865 Posts
 Posted 01/20/2014  01:40 am  Show Profile   Bookmark this reply Add keepcalmandcoinon to your friends list
$22 for a morgan!? That's insane. My LCS is a ripoff compared to the prices posted already.
Mercs:$3
Rosie:$2.50
SLQ:$6
Barber Q:$6-$7
Walker:$12
Barber half:$13
You can't find a decent morgan for less than $30. The $29 bin is full of beat up morgans and Peace dollars. You don't even wanna know what you get when you ask for melt. Usually you don't know because they are so slick.
Pillar of the Community
United States
1234 Posts
 Posted 01/20/2014  02:44 am  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list
Makes me feel better about mine thanks keepcalmandcoinon, sorry about yours thou. I did get a Morgan last year for $36 but silver was over $30 at the time.
Pillar of the Community
Canada
5417 Posts
 Posted 01/20/2014  02:59 am  Show Profile   Bookmark this reply Add zxcccxz to your friends list
We get all junk silver for spot
Valued Member
United States
90 Posts
 Posted 01/20/2014  08:27 am  Show Profile   Bookmark this reply Add coolfool_2 to your friends list
Thanks for all the replies, seems that 15x is a pretty good deal.
He has Mercs and Roosies for $1.50
Barber, Standing Liberty and Washington quarters for $3.75
Walking Liberty, Franklin and Kennedy halves for $7.50

Im thinking I should go back and buy some more.
Pillar of the Community
United States
1300 Posts
 Posted 01/20/2014  1:03 pm  Show Profile   Bookmark this reply Add rupester to your friends list
14.64 buy sell 16.10 my lcs today
Pillar of the Community
United States
8137 Posts
 Posted 01/21/2014  09:13 am  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list
I am pretty sure that my LCS buys for 23x face and sells at 26x face.
Pillar of the Community
United States
1373 Posts
 Posted 01/23/2014  3:34 pm  Show Profile   Bookmark this reply Add atticguy to your friends list

Quote:
CoinCollector2012 -

I am pretty sure that my LCS buys for 23x face and sells at 26x face.



Wow! I find that hard to believe. How does the guy stay in business? I can only think that he hasn't any competition (aside from the internet) in that location. He is paying close to double what most stores will buy at. Of course, if I'm looking to sell my junk silver coins then I LOVE THE GUY!! If I'm buying; not so much.

Called my local shop yesterday to see what they had and the guy told me not to bother coming in as he isn't getting anything new in as people don't want to sell so low. He had lots of Canadian but little or none U.S. coinage. I forgot to ask what his current rates were (sorry) as I was disappointed that I couldn't blow more of my hard earned money on coins.
Valued Member
United States
272 Posts
 Posted 01/23/2014  4:26 pm  Show Profile   Bookmark this reply Add loganjonathan to your friends list
i want to buy from the guy aslan TVvorlon whats the name of his store or his phone number?
Pillar of the Community
United States
3184 Posts
 Posted 01/25/2014  2:53 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list
$22 is a awesome price for morgans/peace. Don't be fooled by melt for silver dollars, you will not get it that cheap
Pillar of the Community
United States
1247 Posts
 Posted 01/25/2014  7:23 pm  Show Profile   Bookmark this reply Add stampvirgin to your friends list
I just bought a '34 Peace Au50 for $40.00. I guess I over paid compared to you guys.
Pillar of the Community
United States
1903 Posts
 Posted 01/25/2014  8:21 pm  Show Profile   Bookmark this reply Add unholyroller to your friends list
I get all my junk/common date silver at melt
Pillar of the Community
United States
1234 Posts
 Posted 01/25/2014  9:49 pm  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list

Quote:
I just bought a '34 Peace Au50 for $40.00. I guess I over paid compared to you guys.


Not really the $22 one I got is not graded and is heavily worn, I would not even give it a VF20 rating, it was a junk bin hole filler. At AU50 you are paying for the grade not the silver, maybe a bit high over spot but I'd say it was a decent deal.
New Member
United States
3 Posts
 Posted 01/25/2014  11:20 pm  Show Profile   Bookmark this reply Add TypicalCreepahx to your friends list
I can get some Walker halves for 15.8x face at my coin shop (that's pretty far away)
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