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Two Coin Stories From Two Pawn Shops.

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 Posted 10/29/2011  8:13 pm Show Profile   Bookmark this topic Add TheDanMan to your friends list Get a Link to this Message Number of Subscribers
Earlier today, I went to the pawn shop I was at last month with the $50 priced 1943 quarter. For those who don't remember or didn't see the topic, it's here:
https://goccf.com/t/98853

I noticed that same Washington quarter, but this time they changed the price. They were selling it at $25, and they had a Franklin half dollar priced at $50. I'm guessing they thought "Hey since 50 cents is twice as much as 25 cents, let's sell it for twice that much. I happened to have a silver quarter on me, and I asked her how much she would buy it for. She actually asked me, "Is it silver?" I told her yes, and after she examined it, she said they'd pay $10. I wasn't really going to sell the coin however. I just wanted to test the store to see how much they would pay for junk silver. But yeah, they were smart to lower the price of that quarter, but they didn't lower the price enough. One can hope that nobody is still foolish enough to buy it.

Later in the day, I went to a pawn shop I had never been to before to look at any junk silver coins. There weren't very many except for a 1962 Franklin half and 3 silver dimes (2 Mercury's and 1 Roosevelt). The silver dimes were priced at $6.75, but the lady said she would sell them to me for $6.00 even. She told some guy to ring me up and charge me $6, but he accidentally charged me the $6.75 + 6% tax which came out to $7.16, when it should've been $6.36. I didn't notice this until I had driven about two blocks away, so I returned, and explained my situation. The guy apologized and asked if he could refund my overcharged money (80 cents) in cash. I said yes, and he actually gave me a dollar. That means I technically paid $6.16 and an average of $2.05 for each dime!
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jfransch's Avatar
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1801 Posts
 Posted 10/29/2011  8:29 pm  Show Profile   Bookmark this reply Add jfransch to your friends list Get a Link to this Reply
I would run back to the first store and sell her all the quarters she would buy at 40 x face.
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527 Posts
 Posted 10/29/2011  8:49 pm  Show Profile   Bookmark this reply Add TheDanMan to your friends list Get a Link to this Reply
In my personal collection, I own 36 War Nickels, 34 dimes, 12 quarters and 2 half dollars, and I really do not want to part with them right now. Maybe one of these days, I will bring in all my silver just to see what they will offer me.
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acloco's Avatar
United States
3540 Posts
 Posted 10/29/2011  9:56 pm  Show Profile   Bookmark this reply Add acloco to your friends list Get a Link to this Reply
I am with jfransch on this one.
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okiepb's Avatar
United States
1213 Posts
 Posted 10/29/2011  9:56 pm  Show Profile   Bookmark this reply Add okiepb to your friends list Get a Link to this Reply
I also would take every silver quarter I had and go to the first pawn shop and get $10 for each one - that would work out to a $55 spot price on silver.

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Saruma's Avatar
United States
968 Posts
 Posted 10/30/2011  12:02 am  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
Dan,

Unless those coins have some special meaning to you why not sell them and buy duplicates of any of those dates? You would end up with essentially the same collection with a bunch of money left over.
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fcrazo's Avatar
United States
651 Posts
 Posted 10/30/2011  12:05 am  Show Profile   Bookmark this reply Add fcrazo to your friends list Get a Link to this Reply
$10 per silver quarter! NICE buy price! now go sell them a bag! lol
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 Posted 10/30/2011  12:13 am  Show Profile   Bookmark this reply Add TheDanMan to your friends list Get a Link to this Reply
I don't think the lady meant that they pay $10 for EVERY silver quarter. I think she meant just that one.

And to Saruma, I am thinking about it, but I have a feeling that this is simply too good to be true. When something sounds like it's too good to be true, it usually is.
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