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 Replies: 32 / Views: 4,431 |
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Pillar of the Community
 United States
900 Posts |
I'm glad to hear that it worked out well for you. I've not dealt with them before, but it sounds like they are a reputable company.
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Valued Member
 United States
325 Posts |
This is what the culls sales screen says: "This sku is made up exclusively of Morgans and Peace dollars! Orders of multiple coins may or may not contain a mixture of types, dates, and mint marks. All coins have a discernible date. They will not contain any holes, but they have been cleaned and/or have scratches, gouges, markings, toning, discoloration, rim dings, and other damage to varying degrees." Besides the holes and painting/plating, I got quite a few with bad scratches. The one with the hole also had a fairly large capital letter scratched pretty deeply into the surface. I would definitely buy from Provident again, since their prices for other things are very good. I was happy with the "junk" silver quarters they sent. From another review I read there, someone did get lucky with his culls, but not me. Edited by Pauldog
03/06/2019 04:30 am
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Bedrock of the Community
United States
94367 Posts |
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Rest in Peace
United States
18456 Posts |
There are better ways of obtaining junk silver .  |
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Pillar of the Community
United States
1005 Posts |
You need to understand that there is a difference between general junk silver and culls. "Cull" always means problem coins and you will never get a legitimate low ball from a cull lot, since low balls need to be problem free with as much wear as possible.
Junk silver is somewhat of a misnomer, the only reason many coins are relegated to junk silver is because they are common but a lot of the time junk silver coins are very nice original circulated examples that could make nice additions to a circulated collection and shouldn't be messed with.
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New Member
United States
10 Posts |
I would try the "ring" test. If you have Morgans or Peace dollars that you know are genuine, test the sound of those, and then try these. You should get a crisp ring when you tap it with a nail on the side. Maybe to balance the coin flat on the end of your finger if you don't have another way of balancing it. Fakes are out there - I don't think any will pass the ring test. |
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Valued Member
United States
325 Posts |
It sounds the same as other silver coins.
I'm not buying culls again, unless maybe they're very close to spot, which is unlikely to happen. I understand that silver dollars in general will sell for more than the melt value, but the ones I got are alomst all likely to be exceptions to that.
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Valued Member
United States
325 Posts |
From the same set of culls is this 1923 Peace dollar, with very little wear, but it's so uniformly shiny and smooth that I strongly suspect that it's plated. And I can't think of another reason that it would get culled. It's shinier than the one I originally mentioned here.   Edited by Pauldog
03/07/2019 11:32 pm
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Pillar of the Community
United States
900 Posts |
I have a number of them like that. I think they were polished. I've also heard the term "whizzed", but not sure what that refers to.
Edited by Jadey
03/08/2019 07:52 am
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Valued Member
United States
325 Posts |
A third culled coin... I just realized something - I bet that the gray stuff is the remnants of paint. It looks like it was scraped off mechanically. If I had realized that earlier, I would have returned it with the other painted ones. The other side is highlly polished (or plated), and scratched up. Should I send it in?  Or did I just ruin it by removing the gray stuff with acetone?  Edited by Pauldog
03/08/2019 2:46 pm
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Moderator
 United States
56855 Posts |
Quote:
Should I send it in? Please tell us why you would want to send it in? What outcome are you hoping for? John1 |
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Valued Member
United States
325 Posts |
"What outcome are you hoping for?" I want to start a new collecting category - coins with the most/worst Details. And - I just found that APMEX has something Worse Than Culls: https://www.apmex.com/product/8553/...-random-yearWhy buy this stuff for $17 when spot is under $12? APMEX is also selling WWII silver nickels right now for almost exactly the value of their silver content. Edited by Pauldog
03/09/2019 03:17 am
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Moderator
United States
56855 Posts |
Some people do send in a coin hoping for a PO1 grade. But I don't think anyone would send in a damaged coin for grading. John1 |
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Pillar of the Community
United States
7375 Posts |
I think he was joking about sending it in.........I hope  |
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Valued Member
United States
325 Posts |
You mean it doesn't make sense when the grading costs more than the coin is worth?
My big question is - why do even the crappiest silver dollars still command a noticeable premium over other silver coins in reasonably OK condition? Provident's buyback price for their culls is very close to spot.
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Posted 03/05/2019 1:36 pm
