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 Replies: 32 / Views: 4,437 |
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Valued Member
 United States
325 Posts |
They also claimed that they wouldn't include any with holes, but I got one of those, too. I had assumed that they would be like the junk silver coins I had gotten in the past, which meant that some wouldn't be half bad, and they'd generally be worth more than melt because they were silver dollars. They charged enough to give me that impression, but I should have taken their buy-back price as a warning. The gap between the sell and buy price was quite a bit more than with their other silver. * * * I just called them, and with no arm-twisting on my part (though I mentioned that there weren't supposed to be any with holes), they waived the re-stocking fee on all three coins, and they'll send me a mailing label to cover shipping. The problem is that silver dollar culls carry a premium over the price of silver, so except for yielding a Morgan dollar that might be a true lowball, it wasn't worth it for me. I found out about lowballs here: http://goccf.com/t/341879Edited by Pauldog
03/05/2019 12:31 pm
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Bedrock of the Community
United States
94367 Posts |
I thought the list that Jadey showed DID include holed coins as a possibility...?
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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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Replies: 32 / Views: 4,437 |
First Page
Posted 03/05/2019 12:32 pm
