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 Replies: 25 / Views: 4,714 |
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Bedrock of the Community
 United States
12804 Posts |
Quote:I believe they were either stolen or inherited and the spender was ignorant of their value. I would hope that a desperate collector would know to sell or pawn them for more than face value. Sadly, those seem to be the only realistic possibilities. |
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Bedrock of the Community
United States
19930 Posts |
Most likely stolen, personally, I would question anyone spending proof coins just to hear the (likely) BS story.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Pillar of the Community
United States
1476 Posts |
They COULD have been stolen. BUT, I know my wife and myself, when we were a lot younger with 4 little boys to feed. Had to at one time break open presents that were given to us in order to feed them/get to work, and we were NOT collectors at the time. I know for a fact though that 8 bux is 8 bux when the chips are down.  I guess I always keep that in mind as well seeing I personally was not there to see who spent them and I would like to think that not ALL people are jerks/thieves. Ok, I'm done.  |
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Pillar of the Community
United States
2734 Posts |
A couple years ago, I picked up two 2007 Proof Pres. Dollar Sets for $10. One of the Sets had good coins, the other Set's coins had minor impairments consistent with a defective Proof Set you'd have returned if you bought it new. I spent the four impaired coins at the car wash, effectively resulting in a $6 expenditure for one quality 2007 Pres. Dollar Proof Set.  And I'm sure I'm not the only person who searches NIFC bags/rolls ("S" Quarters, 2012+ Golden Dollars, etc.) and spends the worst of the bagmarked, planchet rinse-stained culls... |
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Pillar of the Community
 United States
604 Posts |
Quote:
Most likely stolen, personally, I would question anyone spending proof coins just to hear the (likely) BS story. BS story....Really  This may not happen where you live. However, this isn't something new around my area. Why, because the location of the gas station and my house are about one mile from a casino. When I was employed there (casino), working in the cage, you were almost guaranteed one silver coin a week. Were they stolen, maybe. Were they brought to the casino to support an addiction, definitely. Edited by Nickel Guy
02/19/2015 11:10 pm
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Bedrock of the Community
United States
12804 Posts |
Your story seems to support the general consensus here, Nickel Guy.
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Valued Member
United States
137 Posts |
My favorite one was the Gold Eagle that I purchased from a gas station for $10. Someone used it to buy $10 worth of gas!
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Pillar of the Community
United States
604 Posts |
@oldno7 Care to double your money?  |
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Pillar of the Community
United States
4897 Posts |
Quote:
Not many criminals are coin collectors Sure they are.... we just call them dealers.....  |
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Pillar of the Community
United States
937 Posts |
Uhm, Has any of you brought Presidentail dollar proofs to your LCS to sell? If not I guess you wouldn't know that you would be hard pressed to find a LCS right now who is buying them at all. Several times I have heard the owner say "I am sorry, but we are not buying Presidential dollars right now", even in proof. So I am not surprised to see them in circulation. So even if Ye Olde Most Favorite Price Guide says they are worth $8, if you have nowhere to sell them and need money they are worth $1 each at the local gas station. Edited by Tryna
02/20/2015 10:03 am
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Pillar of the Community
United States
613 Posts |
ignorant or desperate. Either way, they guy spending them for gas needed to put a little effort into breaking them out of the lens!
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Valued Member
United States
110 Posts |
Man, it was your lucky day! You should have probably buy a lottery ticket. Oh wait you already won it! I bet the odds were about the same.
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Pillar of the Community
United States
1208 Posts |
This doesn't surprise me. After buying all the silver and clad proof sets for every year, and filling my Danscos, I have so many of those silly gold dollars left that I have considered simply spending them, many times. They are pure surplus, and it's easier to spend them, and make them someone else's problem, than to try and sell all of them. If I put them all on ebay, for example, after all my troubles and time spent that I don't have, it's really worth it for me to simply spend them. After the fees, supplies, postage, and my time (that is worth $$$), I won't do much better than face. If any of you die hard clad collectors think that these are worth more than $1 in the real world, I'll gladly sell you all of the surplus proof "golden" dollars I have laying around from having to buy both proof sets each year. I'll give you a BARGAIN! I'll sell for ONLY half of Red Book value! This way we both win.  Edited by ratio411
02/20/2015 3:32 pm
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Pillar of the Community
United States
2734 Posts |
Quote:Have any of you brought Presidential dollar proofs to your LCS to sell? I got the pair of 2007 Pres. Dollar Proof Sets from the bargain bin for $5 each (with box and COA). I didn't open them up and look at the coins in the lenses before buying them, because at that price who cares? One Set was a skunk, so "car wash time"... (I saved the lens and put four BU 2012 Native American dollars in it!) |
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Pillar of the Community
United States
1208 Posts |
No takers yet on my golden dollars bargain?!? Go figure. *cough* face value *cough*  Edited by ratio411
02/20/2015 8:28 pm
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Replies: 25 / Views: 4,714 |
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First Page
Posted 02/19/2015 2:22 pm
