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 Replies: 19 / Views: 2,774 |
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Valued Member
United States
126 Posts |
Went to my coin dealer today and picked up $600 in 90% silver today for just under spot. When I got home I found that almost a 1/4 of the older coins (Liberty and Franklin halves, Merc dimes and a Barber dime) were in better condition than those in my collection. It was pretty exciting to see at first until I realized the time and effort it's going to take to swap better coins with collection. Anyways can't be upset by a turn of good fortune. |
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Valued Member
United States
307 Posts |
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Pillar of the Community
United States
3540 Posts |
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Moderator
 United States
14463 Posts |
along the same lines: I won an auction of 10 silver Washington quarters at melt including shipping. About half were better than what I had, and have been swapped.  |
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Valued Member
 United States
126 Posts |
I know what you mean Fuzzy, a ton of the quarters and dimes are also better than what I already have.
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Pillar of the Community
United States
3276 Posts |
$600 that you paid I'm assuming, and not $600 face value of silver.  |
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Valued Member
United States
126 Posts |
$600 paid, face was $25.25 face at spot price of 33.17, so I came out a little under $10.00 ahead
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Bedrock of the Community
United States
14454 Posts |
any time you get an upgrade in your collection its a good day, when you get it for spot its a great day
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Pillar of the Community
United States
1432 Posts |
Quote:
I realized the time and effort it's going to take to swap better coins with collection. That should be the fun part. |
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Pillar of the Community
United States
2295 Posts |
That is great to hear. Got any photos to share?  |
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Valued Member
United States
105 Posts |
Upgrades are always a nice part of collecting. Glad yours can be upgraded.
I always like looking through the junk box. one persons junk is anoughters treasure.
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Pillar of the Community
United States
1054 Posts |
Very nice turn on that lot. Surprisingly it's easy to find higher grade coins in these melt lots
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Moderator
United States
188952 Posts |
Nice acquisitions with an added bonus! |
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Pillar of the Community
United States
5854 Posts |
Has to be a nice buy when you can upgrade you collection for just melt!
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Valued Member
United States
126 Posts |
No pictures really worth taking. Nothing is in great condition, just better than what I had. The shop I get it from is great. Everything is up to the minute spot price. Even when I grab Silver Eagles they charge spot. I have no idea how they actually turn a profit.
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Pillar of the Community
Canada
987 Posts |
Congrats on the upgrades and on getting a great deal. The coin dealer I usually go to lets me spend hours sifting through his junk silver and gold coins and once in a while my persistence pays off. I recently picked up an 1843-O large date quarter eagle that's easily worth double the melt price he charged me.
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Replies: 19 / Views: 2,774 |
Posted 03/07/2012 7:04 pm
