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23 Peace/Morgans

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Tim Stroud's Avatar
United States
2661 Posts
 Posted 03/16/2013  12:38 pm Show Profile   Bookmark this topic Add Tim Stroud to your friends list Get a Link to this Message Number of Subscribers
Picked these up today for $600 at my local pawn shop. They also had another bag of 122 that came in this past week and will be up for sale on Tuesday. I got to look at those and I spied about a dozen 1928 plain Peace $'s in that bag. Those 1928's will be mine very soon and I have no problem paying $26 for a $275 coin when I know they only paid half of melt.

23-Peace/Morgans
Valued Member
wesal94's Avatar
United States
101 Posts
 Posted 03/16/2013  1:49 pm  Show Profile   Bookmark this reply Add wesal94 to your friends list Get a Link to this Reply
Nice pickup! Every time I go to pawn shops they are wanting $60 for 1921 Morgans.
Pillar of the Community
United States
5207 Posts
 Posted 03/16/2013  1:54 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
Good score.

I think APMEX is paying $32 for VF-XF Morgans and asking $36 so you have instant equity.
Edited by jack jeckel
03/16/2013 1:54 pm
Valued Member
thestew's Avatar
United States
202 Posts
 Posted 03/16/2013  3:35 pm  Show Profile   Bookmark this reply Add thestew to your friends list Get a Link to this Reply
Very nice pickup. Every pawn shop around me is hoarding their coins.
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BH1964's Avatar
United States
10982 Posts
 Posted 03/16/2013  4:26 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Good deal. If you have a pawn shop that sells key dates for melt, I'd buy a tent for the sidewalk!
ANA #R3154474
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 03/16/2013  6:17 pm  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
Wow! Thats one heck of a pile. I need to get me some more silver dollars - are you going to sell/trade these on or do you plan to keep them?

You just cant get the silver in the uk...
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Pokermandude's Avatar
Canada
1192 Posts
 Posted 03/16/2013  7:21 pm  Show Profile   Bookmark this reply Add Pokermandude to your friends list Get a Link to this Reply
Even without the numi value dollars in there, that is a good price. Especially from a pawn shop!
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Tuckasaurus's Avatar
United States
39 Posts
 Posted 03/17/2013  01:18 am  Show Profile   Bookmark this reply Add Tuckasaurus to your friends list Get a Link to this Reply
Nice!
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coinzip's Avatar
United States
104 Posts
 Posted 03/17/2013  03:09 am  Show Profile   Bookmark this reply Add coinzip to your friends list Get a Link to this Reply
Awesome.....
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 03/17/2013  07:05 am  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply

Quote:
are you going to sell/trade these on or do you plan to keep them?


I will be keeping all of these but if I can snag the 1928 Peace dollars I will be selling all but the best one of those. I plan to take the proceeds from them and buy an AT Pro and save the rest for the next big coin show at the state fair grounds this summer. These guys only look for CC mint coins which they then send off for grading and then put on ebay for sale. In their mind if it isn't a Carson City it is just common junk silver. They pay only 50% of melt so I do not feel bad at all paying their asking price of around $4 over melt to them for a coin worth nearly 10 times more.
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Connor's Avatar
United States
2130 Posts
 Posted 03/17/2013  07:27 am  Show Profile   Bookmark this reply Add Connor to your friends list Get a Link to this Reply
Tim..when exactly is that coin show in Raleigh this summer? I'm from Wilson and would like to attend.
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tpg22's Avatar
United States
919 Posts
 Posted 03/17/2013  10:04 am  Show Profile   Bookmark this reply Add tpg22 to your friends list Get a Link to this Reply
I guess I live in the wrong place. Nobody here buys dollars for half of melt. Current melt is $22 so that would be $11 each. Even the stores here that cheat people pay more then that. Good find. I hope the person that sold them cheap to the pawn shop didn't get them in a questionable way. I have to believe they would have gotten $18-22 at any local coin store.
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matthewvincent's Avatar
United States
3486 Posts
 Posted 03/17/2013  10:58 am  Show Profile   Bookmark this reply Add matthewvincent to your friends list Get a Link to this Reply
http://www.ncnaonline.org/documents...yer_2013.pdf

The flyer for the Raleigh show this summer.

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Broken-Coin's Avatar
United States
1812 Posts
 Posted 03/17/2013  12:13 pm  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply


Is it me or did Tim forget to post the name, address and most importantly the telephone number of this Pawn Shop so we can verify his recent purchase.

Hopefully Mr. Stroud will post his reply before this Tuesday with the information requested.

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Tim Stroud's Avatar
United States
2661 Posts
 Posted 03/17/2013  4:25 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply

Quote:
Is it me or did Tim forget to post the name, address and most importantly the telephone number of this Pawn Shop so we can verify his recent purchase


I'll make sure and get that info from the guys when I go back on Tuesday and post it up when I return home.
Pillar of the Community
Tim Stroud's Avatar
United States
2661 Posts
 Posted 03/17/2013  4:37 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply
Here are the close up pics I took of them all last night. I had one 1926-S that was a dog and didn't bother to photograph it. I must have put that one in my buy pile by mistake when I put this batch on lay-a-way. I welcome any opinions on grade and whether or not I should get them graded. I suspect that #18 is a VAM but I no very little about VAM's.

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Edited by Tim Stroud
03/17/2013 4:48 pm
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