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Pawn Stars Modern Proof Set Prices

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Darth Morgan's Avatar
United States
2815 Posts
 Posted 03/01/2014  12:45 pm Show Profile   Bookmark this topic Add Darth Morgan to your friends list Get a Link to this Message Number of Subscribers
I was watching the new Pawn Stars this past week, and I paused it on a shot of one of their cases containing modern proofs. What do you guys think of the prices? Higher than you would expect? Lower?

Pawn-Stars-Modern-Proof-Set-Prices
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 Posted 03/01/2014  1:03 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
Ive heard from collectors that have been into their store..........very expensive!
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DVCollector's Avatar
United States
10045 Posts
 Posted 03/01/2014  1:34 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
If that's a 1970 in the upper left--that's a lot, unless it has the small date...or the no-S dime.
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edweather's Avatar
United States
7375 Posts
 Posted 03/01/2014  2:34 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
I'm sure they are expensive. IMO, more of a souvenir piece to say you've been in the store.
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srcliff's Avatar
United States
453 Posts
 Posted 03/01/2014  3:55 pm  Show Profile   Bookmark this reply Add srcliff to your friends list Get a Link to this Reply
I think they build a little haggle room into their prices. On the show I have often heard them tell someone with something to sell, "I'm going to mark that item at $4000 but I'll probably end up selling it to the first guy that offers me $3000 so I can give you $2000 and still make a nice profit."

It is interesting to go there if you are a fan of the show but its not a very big shop. The only thing I bought there was the 1 oz "Old Man" round which was the first piece of silver I ever bought and since that was more a souvenir I didn't try to bargain. I'm sure there are more prime hunting spots in Vegas.
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AlbumAccumulator's Avatar
United States
656 Posts
 Posted 03/01/2014  4:24 pm  Show Profile   Bookmark this reply Add AlbumAccumulator to your friends list Get a Link to this Reply
Wow! What a premium.
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CoinCollector2012's Avatar
United States
8137 Posts
 Posted 03/01/2014  4:43 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
They are a pawn shop!
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vermontensium's Avatar
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16679 Posts
 Posted 03/01/2014  4:54 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I've been in their store...once.
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denco7's Avatar
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2543 Posts
 Posted 03/01/2014  4:59 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
That is how pawn shops work, it is like a bazzar market. Everything is negotiable. I used to buy all my tools at pawn shops. They had a new nail gun there, that looked like it was only used a couple of times. Brand new it is $175.00. They priced it at $149.00. It was missing the trigger safety, I knew it was a $12 part, they didn't. I asked them to show me the gun in action, of course it wouldn't work without the safety, so I offered them $40.00. They took it, $12 part later, I had a brand new nail gun for $52.

You look at the price, you offer them something, they counter, you raise, they counter again and you walk out with a proof set for $10. That is how all pawn shops work.
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CoinCollector2012's Avatar
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8137 Posts
 Posted 03/01/2014  5:03 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
Has anyone had any luck getting good coins at pawn shops?
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kanga's Avatar
United States
5825 Posts
 Posted 03/01/2014  5:27 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Based on comments I've heard them make on the show those prices aren't set in stone.
You can negotiate just like they do.
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dave700x's Avatar
United States
10625 Posts
 Posted 03/01/2014  5:37 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
I was in Vegas two weeks ago and went into the Gold and Silver Pawn shop. All the coins were over-priced. They had the modern proof sets as pictured, common (ms63) graded Morgans that were like $80.00 and the worst was a box of circulated Morgans marked $40.00 each. I kept walking....
Edited by dave700x
03/01/2014 6:42 pm
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wesal94's Avatar
United States
101 Posts
 Posted 03/01/2014  5:41 pm  Show Profile   Bookmark this reply Add wesal94 to your friends list Get a Link to this Reply
One of the pawn shops around me has a ton of 1921 circulated Morgans. Every one of them marked at $80. Not enough wiggle for me.........
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The_Duke's Avatar
United States
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 Posted 03/01/2014  5:43 pm  Show Profile   Bookmark this reply Add The_Duke to your friends list Get a Link to this Reply
Yikes! Way high.
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westernsky's Avatar
United States
7618 Posts
 Posted 03/01/2014  5:43 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
I went in there one time and they had two better National Bank Notes. One was priced at 500$; the other at 2000$. The clerk (not one of the "stars") said they could not negotiate on coins and bullion. I said I understand, but these are neither coins, nor bullion. I really had no problem with the 500$ note at that price as it was fair, based on rarity and market value. The 2000$ note was unknown (and still is as far as I know) but I just wanted it at a better price. Anyway, the clerk went to the back and got me a better price and I ended up with both notes. You just have to be persistent, act like you know what you are doing and not waste their time.

By the way, I told the gate keeper that let's people in the front door that I was there to pick up something. I did not have to wait in line to get in.
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 Posted 03/01/2014  6:06 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
Most bm shops around here sell those same proof sets for $5, some for $4.
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