Canadian Coin Association

I have little use for such operations, but in a lot of cases people, seniors especially, are glad to see them, because they simply know of no other way to sell their old coins.

For many seniors this is ideal. If they aren't near a major city, aren't computer savvy, their family doesn't want their collection (or they don't want their family to have them) where else can they sell their coins? Company comes to town, they walk in with coins they don't want and leave with cash in hand. Sure, we know they're getting ripped off, but they don't care because they've got some cash.

Wow...

I am not referring to anyone who is simply too lazy and/or dumb to do a bit of basic research to see what their coins are worth, because anyone who can do that will come across more legitimate dealers who will give them a better deal. Those kind of people deserve what little they get.

That said, I really don't think some here understand the plight of some seniors. They NEED the money. They HAVE something to sell. They KNOW it has SOME value to SOMEONE - but their world is pretty limited, and they know of no one who will even buy what they have. So a company comes along and offers to buy their treasures. Of course they don't get a fraction of what their coins, or jewelry, or other valuables etc. are worth, but they need the money and something is better than nothing. I'm sure many are kicking themselves for not planning better and disposing of their assets while they were younger and more in charge of their lives, but it's too late for that now. The vultures are circling - at least these vultures give you a bit back.

Is there any ethical dealer/company out there doing the same, traveling the country and offering proper prices? What other choice do these unfortunate people have?

And I am not referring to anyone who is simply too lazy and/or dumb to do a bit of basic research to see what their coins are worth, because anyone who can do that will come across more legitimate dealers who will give them a better deal. Those kind of people deserve what little they get.

Take a look at the Charlton Coin Guide. It sells for $8.95. It's available at major bookstores.

http://www.charltonpress.com/Numism...80889683556#




Silver dollars (VF):

1947 dot - $90 (Trends $265)
1947 ML - $100 (Trends $225)
1948 - $600 (Trends $1150)

Obviously far better prices. But, fair? For key dates?

Nevertheless, getting this into the hands of people going to these shows would be a good start.