Has Anyone Tried Buying At "Cash For Gold" Stores?

there are a couple of shops around me, so I may give it a try, but I also have a coin shop near me thats really good that I go to a lot.

Pawn shops tend to cover their costs by the interest charged on their loans, despite popular opinion they are not into the business of trying to steal people items cheaply to resell because they by far would prefer the customer to pick the item up and pay interest on the loan on repeat occasions.

When it comes to the resale of items in the UK the pawnbroker is legally obliged to refund to the customer any profit on the sale of the goods and typically hangs onto the item until the sum of the loan and interest overtakes the value of the item.

They might however come across such items as coins purely based on melt values and not give credence to any numismatic value (for instance when they buy packages of items across the counter). So it couldn't hurt to leave a phone number and ask if they might contact you if they have coins that they would otherwise send to melt. Any premium they could achieve on the melt value would probably be worthwhile.

I recently inquired about purchasing coins at one (under the "cover" of trying to complete a few coin sets), and was told by the proprietor that he doesn't sell things from the "store"- he only buys them.

The place was a very small location that looks to have been converted from a doctor's office. It actually has a 3- or 4-chair waiting room, and the owner walks up to you from a secretary-like area behind a counter. You may have different results trying at a place that has a larger physical presence.

I have a regular round of Pawn Brokers and Cash for Gold shops (about 6 total) that are reasonable. There are probably 20 within reasonable driving distance and I've visited all at least once. Most are jerks who are only interested in huge profits and no interest in a guy like me. My regulars though, are not very knowledgeable on rarities and sell almost all their coins at bullion value or 5% over. I've gotten an 1879-CC and 1882-CC Morgan at bullion price, a Kettel token for $20 (sold for $57), numerous foreign silver coins for melt value (including a 1903 Edward VII Canada 25 cent that sold for $73), a whole roll of Barber dimes for 10% above melt and many Barber series dimes, quarters, halves, Walking Liberty halves and common Morgans all for melt value. You couldn't get me to stop checking them out. When I was in central Florida 2 years ago, I got several foreign crowns and a set of Walkers, missing only keys for melt value. Again, about the same ratio of three unreasonable for every one who was willing to negotiate. Yes, check them out, but be ready for many jerks for each worthy of your business. They want buyers to take the stuff off their hands for more than the smelters will pay.

I always try these places and pawnshops. I found a jewelry store that buys PMs and had a ton of coins which he didn't have time to deal with, so I tested him with a small purchase and he was happy to sell to me for melt. This was two weeks ago. I'm going to make it a regular stop in the future.

I found a pawnshop in the last Metro I lived in that sold coins they acquired at very reasonable no haggle prices. For instance they were selling a complete 16-36 WLH set (AG-F) for $400 and then about 4 months later they had a complete Buffalo nickel set for $199 (with a VF 14-D). I was able to get both of those and flip them for ~70% profit to other coin dealers. Unfortunately, I don't live near this shop any more, but I will make a point of it to stop in next time I through there.

I certainly will, jbuck. Unfortunately, this store is in a City about 1.5 hours away. Though, I may be able to stop by when possible, because he's in a City that we pass by/through when we travel to visit family the neighboring State.

It's easy access from the highway, so I'll just have to say it's happening provided we're coming through during his business hours.

Just a few months ago, I was in a pawnshop and bought a 1/4 ounce .999 Canada gold coin for spot.. Their price was 100 over spot.., I looked up the spot price and offered the spot price.
He took it... I then paid for it with my credit card.... (LOL), so you know he paid way less then spot for it.

There is a gold and silver shop that I live by. The guy there lets me look through his coins that he buys. They are usually pretty rough and common dates, but when I see something I like he will sell it to me for spot plus 10%