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 Replies: 18 / Views: 3,798 |
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Pillar of the Community
United States
508 Posts |
Makes me wonder just how many of these he is actually selling.
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Bedrock of the Community
United States
10045 Posts |
Quote:
He throws me a price of 13$ per. Huh. At current prices, decent-grade circulated halves cannot be worth more than $7.20 ea. Who would pay that premium?  |
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New Member
United States
42 Posts |
whew maybe they will be worth 13 dollars some day (5-6 years!!)
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Valued Member
United States
186 Posts |
Just keep looking... a lot of us (coin store owners) are good guys that love coins, and customers.
Find that kinda store.
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Pillar of the Community
United States
1534 Posts |
IMO it's his store, and they can offer whatever they want at whatever price they want. Just don't buy their coins. There is always the possibility that the person could just not know the actual value of the coins. How many of us once had a coin that we overestimated in the category of price? Those type of stores rarely specialize or know anything about coins.
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Pillar of the Community
United States
2049 Posts |
Maybe he said/meant 13x face and you heard him wrong?
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Valued Member
United States
140 Posts |
Sounds steep to me. I can buy BU ones all day long from my dealer for 6-8 dollars each depending on spot price.
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Valued Member
United States
102 Posts |
I bet he'd offer you a pretty bad deal on buying your gold too  |
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Bedrock of the Community
Australia
21788 Posts |
It seems to me that Americans are considering the safety of gold, or, if you don't have much to spend, silver. Silver bullion coins are easy for coin collecting folks like us to understand.
I'm from Oz, and even I have a few circulated American bullion silver coins. I only buy them when they are at least 20% below their bullion value.
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Valued Member
 United States
102 Posts |
Hah, I didn't hear him wrong. I even tried to bargain with him, I asked if he would sell it for 12.50$ just to see what he would say. He was firm on that price. :/ At this point, I just wanted to run out the door as fast as I could-- it was just a very uneasy experience.
I am pretty sure he knew his prices, because I asked a few questions before that to get to know him a little better. I am a pretty friendly person so as he helped someone else, I quietly moved myself towards the door. :O
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Valued Member
United States
140 Posts |
I think I would stay away from that place. Lots of cheaper ways to buy bullion than that. I'm sure if you shop around some you can find better deals.
As for the dealer, I have dealt with guys like that before. I'm not much for causing a scene, so when I encounter guys like that I just politely say thanks and leave.
Word gets around about dealers like that.
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Pillar of the Community
United States
4333 Posts |
My local dealer is selling his junk at 14 X face and can't keep it in stock.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
Canada
3692 Posts |
With people trying to double its worth it's hard to even throw out an offer without disrespecting them in some way. Some people just really have no idea what they have.
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Pillar of the Community
United States
573 Posts |
So is this place a coin store or one of those places that just buys gold and silver for melting? Around me, the PM buyers that I've talked to are paying 50%-65% of melt for junk jewelry, coins, etc. Of course they're just taking buckets of metal and sending it in to melt down. To them it doesn't matter if you buy or not because the smelters will.
But it doesn't make much sense to me if it's an actual coin store. You'd think that most of their customers are knowledgeable collectors. I can't imagine they'd sell many coins.
I have noticed this, though, on a minor auction site that I frequent. I have watched auctions there for months. It's normal to see common Morgans selling for $40.00+, generic 1 oz .999 silver round, usually ASEs, going for $35-$50.00. I haven't figured out why this is happenning, but it's just nuts.
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Valued Member
United States
182 Posts |
Soldier on, there are LOTS AND LOTS of great dealers who are long time, especially at shows where they MUST make a dollar or dry up financially. Particularly, the Baltimore shows and FUN shows draw some great dealers, and they will chat you up for a dollar. I still have rolls from GDK coins in Ohio, a great dealer on the back side of collecting, but still at it bravely.
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Replies: 18 / Views: 3,798 |
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Posted 09/03/2010 8:50 pm
