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 Replies: 20 / Views: 3,649 |
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Pillar of the Community
 United States
1888 Posts |
I borrowed the title quote from another thread. After a recent experience, I thought some folks might find it interesting to see just how true that is. Especially down here in the lower 48. So I was searching recently for some new sources of bulk silver to pick through, and paid a visit to a dealer whose shop I knew about but had never checked out. He had no buckets to search, but did have some better looking mixed foreign bagged up and selling by the pound. After I put one of those aside, he mentioned a big lot of Canadian he wanted to move. "How big," I inquired. "About fifty pounds," he replied, and added, "It's unsearched. Most of it was saved in the 1960's. The banks won't take it. I just want it out of here." And then the clincher: "You can have it all for 80% of face." Woah! It's routine to buy older mint postage stamps for a discount like that, but circulating coinage? Not in my experience! To make a short story shorter, I brought the whole mess home, loaded into a canvas shopping bag I could barely lift. Just could not turn it down. $125 face value, most of it in pennies and nickels, for one hundred paper American dollars. I sort of remember the exchange rate being this lopsided at one time. I have my favorite, the nickels, sorted, and there is a fairly nice spread, with very few after the 1960's. There is a mint state 1922; a near-MS 1936; a small handful of high grade WW2 issues, and one proof rabbit. The bulk of the 5c. coins turned out to be bright, shiny proof-like 1965's. I have only just skimmed the surface of the pennies. There aren't any recent non-copper ones at all. There are lots of BU rolls from the 60's. The larger coins are mostly ones I had never seen. Some of them look more like tokens or medals than coins. What to do with all this bulk? Do you think it was a good, a great, or a spectacular deal? Or would you have left the lot behind as too much trouble for too little chance for a good find? Enjoy the pics. There are deals out there for those that search for them. And sometimes it sure beats roll searching!       |
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Pillar of the Community
Canada
1005 Posts |
I would have scooped it right up without even pausing. Good buy. Lots of material there.
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Pillar of the Community
United States
5953 Posts |
Any time you get coins for less than face I would call that a great deal...
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Valued Member
Canada
491 Posts |
Sounds like a great deal to me...makes me wonder how many other dealers down there have coinage they don't want.
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Valued Member
423 Posts |
Nice score!
Pineapples in Canada... is lol through!
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Pillar of the Community
Canada
2427 Posts |
Time for a Road Trip south of the border!   |
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Pillar of the Community
Canada
1731 Posts |
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Pillar of the Community
Australia
4411 Posts |
This is an awesome deal. Anytime you can get coins below face has got to be. Well done
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Bedrock of the Community
United States
10045 Posts |
That's like getting $99.80 US for just $80--for any you spend in Canada. Any silver I'm sure there's at least collector value in there--great score!  |
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Pillar of the Community
Canada
1610 Posts |
Really good! Keep us up to date with UNC, silver, key dates, etc.
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Valued Member
Canada
74 Posts |
Without a hesitation I would have purchased for 80% of face. Amazing score, take your time and enjoy sifting it! :)
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Previously Banned Member
107 Posts |
The larger coins are not tokens or medals ... they are coins. The dollar coins from 1968 to 1986 (inclusive) look like 100% nickel dollars, but you may have some silver ones among them ... it's possible. I do see some definite silver coins including some 1967 dimes.
1988 silver dollar (Ironworks- 50% silver) comes from a double dollar proof set (issue price $43.00 per set)and this coin was the only silver coin in the set. The 1988 silver dollar (Ironworks- 50% silver) weighs 23.33 grams with a diameter 36.07 mm. Its bullion value is approximately $12.00 and if it is in good condition it could sell between $15.00 and $20.00 per coin. Also you have two 1989 silver dollars (Mackenzie - 50% silver) comes from a double dollar proof sets (issue price $46.95 per set)and this coin was the only silver coin in the set. This coin has the same specifications and values as the 1988 coin. It also looks like you have a couple other silver dollars with same specs, but the larger picture was harder to identify. If you do larger photos of the dollar coins I can identify for you. Any pre-1967 dimes or quarters contain 80% silver and the 1967 dimes and quarters are 50% silver. I am from Canada and I would have given the guy $200.00 for this lot in an heartbeat. Great find, in fact just looking at your photos got me excited. You can probably get your $100.00 back on the silver coins only. I know what I will be doing the next time I drive in the United States.
Edited by coinvet
01/30/2012 11:43 pm
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Valued Member
Canada
491 Posts |
@coinvet He actually has some old tokens, New Brunswick and Lower Canada in that pile. I can't tell what the years are but they are in with the georges.
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Pillar of the Community
Canada
862 Posts |
this could be the best $100 you've ever spent
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Previously Banned Member
107 Posts |
Roger D
You are correct .. I was blinded by the silver ..LOL
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Pillar of the Community
United States
619 Posts |
Killer deal. He must not have many true collectors come in his shop.
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Replies: 20 / Views: 3,649 |
Posted 01/30/2012 8:11 pm
