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Author Previous TopicReplies: 11 / Views: 1,623Next Topic  
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Ed_B's Avatar
United States
4008 Posts
 Posted 11/28/2012  8:01 pm Show Profile   Bookmark this topic Add Ed_B to your friends list Get a Link to this Message Number of Subscribers
Hey, All...

I just bought a small bag of various 90% silver US coins from my local pawn shop. This is the first silver he has gotten in for some months now, so I snapped it up. It's got a couple of pieces that I really didn't want but he was selling it as a lot so I got them too. These will go in my "sell / trade box".

Here's a scan of the coins I got:

Most-Recent-Haul

One of the Morgan dollars is of BU quality while the other is XF quality... at least to my eyes.

The 1st coin in the 2nd row is more interesting. It is a 1925 Stone Mountain half dollar with Robert E. Lee and Stonewall Jackson on horseback on the obverse and a perched eagle with the words "Memorial to the valor of the soldier of the South" on the reverse. Ones similar to this seem to be selling on ebay for $25-35, more if in better shape. I would rate this one as somewhere between fair and good. All of the lettering and numbers are clearly legible so it is in decent shape for a circulated 87 year old coin.

Not pictured are the 3 tubes of Canadian silver maples or the 4 tubes of ASEs that I have bought within the past month or so. All totaled, this brings my stack to just over 1400 ounces. Not too shabby but still have more work to do in this silver stacking project.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 11/28/2012  8:12 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
The piece that first caught my eye and sometimes is a diamond in the ruff depending on year and condition, is that Stone mountain half dollar. And I am guessing is the more common 1925....

Toned in un-circ shape they bring good money anyhow and one of my favorite less known silver old coins like the 1892 an 93 comm half dollars.....

Nice adds as always.....

Valued Member
corey9493's Avatar
United States
78 Posts
 Posted 11/28/2012  9:56 pm  Show Profile   Bookmark this reply Add corey9493 to your friends list Get a Link to this Reply
Awesome additions! 1400 ouces is a LOT
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amida17's Avatar
United States
4897 Posts
 Posted 11/28/2012  10:05 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Picture is small but the Stone Mtn. looks to be better than F. Would you post a closer pic of the obverse and reverse?
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Berk's Avatar
United States
148 Posts
 Posted 11/28/2012  10:21 pm  Show Profile   Bookmark this reply Add Berk to your friends list Get a Link to this Reply
When you guys are getting deals from the pawn stores I assume these are stand alone independently operated shops as opposed to a chain? I've personally never had luck with pawn chain stores, but maybe I'm not there often enough.
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basebal21's Avatar
13014 Posts
 Posted 11/28/2012  10:57 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Berk like roll hunting its completely hit or miss with them and all depends on the area you live in.
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TooMz's Avatar
United States
28 Posts
 Posted 11/29/2012  01:31 am  Show Profile   Bookmark this reply Add TooMz to your friends list Get a Link to this Reply
Nice add! And impressive stack at 1400 ounces
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rgathright's Avatar
United States
264 Posts
 Posted 11/29/2012  4:10 pm  Show Profile   Bookmark this reply Add rgathright to your friends list Get a Link to this Reply
@Ed_B, I like that 1957 coin!
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Ed_B's Avatar
United States
4008 Posts
 Posted 11/30/2012  3:21 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Thanks, Hawk. Yes, it is the most common being a 1925 half dollar. It is in decent shape but nowhere near BU or even AU. My guess at this is that it could be graded at somewhere around Good or perhaps a bit better. That is my in-expert opinion, anyway, and I have no training whatever in this area so just rely on how it looks to me. I do compare coins of known graded quality to what I have sometimes, so do have a rough idea of what coin graders are looking for when they rate a coin. I could use a lot more experience at it, though, before becoming knowledgeable about the subject.


Quote:
Awesome additions! 1400 ouces is a LOT

Thanks, Corey. These days, I am happy to find ANY silver locally. Not many people are selling. Many want to buy, though, so prices are elevated.

I started my stash in January of 2011 so have been busy building it up since then. Most comes from APMEX, Provident, and SilverTowne with the rest being bought locally from a couple of LCSs and a local pawn shop. Friends and acquaintances sometimes have coins to sell and I always offer them a fair price. This is something that they may not get if they sell to a coin store or jewelry shop because I don't have to make a quick profit on every transaction just to stay in business. I also do not take advantage of anyone's inexperience. People sometimes have coins that their parents collected and left to them "in a jar" someplace. They often have no idea what they are worth, so I educate them and then buy whatever they have that looks good to me. Sometimes they have cull type coins that are beat up, bent, or have holes drilled in them and I pass on those coins as not being of enough value to actually keep. Also, there are plenty of folks out there with stashes of thousands of ounces... sometimes 10-20k in ounces, so my stash is good but not great... yet!


Quote:
Picture is small but the Stone Mtn. looks to be better than F. Would you post a closer pic of the obverse and reverse?

Sure, no problem. Here ya go...

Most-Recent-Haul

Most-Recent-Haul

Apologies in advance for not having great pics here. I am still learning to take photos of coins. I'm hoping to get MUCH better at it during the winter when I don't have so much else to do.

Berk... I only have 1 pawn shop with whom I deal. He's a good guy and sells me decent coins at spot when he has some. His is a small shop, though, so he often either has no inventory or he has graded coins that are more expensive than the bullion coins I buy. I do like to collect decent looking coins, though, so try for the best appearing ones I can find. Might make them easier to sell later on if I am selling to another collector who also likes to collect nice bullion coins. From what I have read, a pawn shop can be real hit and miss. Some are really good, some rotten, and most fall somewhere in between. I am lucky to have a good shop locally, so try to give him as much of my business as I can.

TooMz... thanks, man. It pays to make friends in the coin / pawn businesses if you can. They will come through for you at times when no one else will.

My stack is good but I am still trailing the BIG stackers hereabouts. Guys like BarryG and ThrowBackKid are my heros. I am trailing in the path they have beaten, as well as some others who have big stacks but don't comment on them too often, if at all.


Quote:
I like that 1957 coin!

Yes, it is a nice coin. I don't have very many Franklins... maybe half a dozen or so. I did get a couple of them that were in AU condition a couple of months ago. My local pawn shop did not have any bullion coins to sell me, so he took pity on a fellow silver buyer who was clearly in the throes of withdrawal and sold them to me from his graded coin book. He did not have to do that but it sure is a nice goody to get once in a while. That pretty much guaranteed that I would always shop at his store.
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amida17's Avatar
United States
4897 Posts
 Posted 11/30/2012  7:39 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Nice grab( thanks for the pics). VF details (scratches). I like it!
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Ed_B's Avatar
United States
4008 Posts
 Posted 12/04/2012  6:32 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
Thanks and you're most welcome.
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bekiz's Avatar
Japan
666 Posts
 Posted 12/06/2012  07:25 am  Show Profile   Bookmark this reply Add bekiz to your friends list Get a Link to this Reply
added 1 oz maple and 1 oz 2011 kooka for $1 over today's spot.
as well got 1986 commemorative proof $1 for $16
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