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 Replies: 8 / Views: 1,778 |
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Pillar of the Community
United States
1804 Posts |
At current price of silver ... you can get a 1/10th bag of JUNK silver coins for "about" $1,600.
If you are starting a Dime collection ... 1000 junk Dimes will fill a lot of holes.
Same goes for Quarters and half Dollars.
Who knows what are in those bags? Maybe some rather nice mints or dates?
What I am saying is this. I think junk silver dealers pay less (or no) attention to the numismatic nature of the coins.
I am a 5 week newbie, and this is one attempt, to bring another idea to my CCF brethren.
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Pillar of the Community
United States
663 Posts |
I would have to agree with you. Being new to collecting coins, I made my first trip to a coin shop this week. I was surprised at how hard the store owner pushed me to trade any silver coins I had or find in the future in for silver bullion, silver rounds, or bars. I was especially surprised when he told me he makes little to no profit on selling bullion. Either I was being lied to or he's gonna be short paying the rent this month! LOL Am I missing something.....?
Edited by Agrippa
03/12/2014 10:31 am
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Pillar of the Community
United States
651 Posts |
I agree that junk silver is a great way to build up a collection. You can keep cycling threw new material and upgrade the coins you already have. I've build the majority of my Walking Liberty, Mercury dime, and Silver Washington quarter sets this way. |
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Valued Member
United States
226 Posts |
I'm with you guys. I just started visiting a LCS and going through their loose silver (junk to some). I am trying to fill a Mercury dime folder and a Roosevelt 46-64 folder that have sat unfinished for 50 years since I was a teenager. I have been very successful on the Roosevelt's (only 2 holes left). I picked up 12 Merc's that I needed on the first visit. Impossible to do this roll searching. My LCS said that they turn over their dimes weekly so I will be heading back there later this week. I am surprised that they are so accommodating for someone looking for coins that cost less than $1.80 ea. while all around me people are spending thousands on Eagles, Morgan's and gold coins. |
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Pillar of the Community
United States
4409 Posts |
Yopper good dealers accommodate collectors regardless of their budget. Sure at the moment, you may be buying lower dollar items but those add up over time. The dealer also knows it benefits him (or her) to have repeat customers.
I didn't start out buying high dollar coins from my LCS it took me a few years to establish that connection. I got to know the dealer, the dealer got to know me. When I walk in the door, the guy behind the counter knows my name and asks how I've been.
-MV
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Pillar of the Community
United States
2824 Posts |
I got alot of lower date Mercury dimes this way 1.60 each I also try to grab ones with mint marks. You can lose they still worth melt value. Sometimes I even get extra to trade to other cash/gold/silver for other coins. A lot of present days dealers by me got melt value on there mind... they still know a few keydates and uncirculated. |
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Moderator
 United States
187837 Posts |
Definitely a way to get it done.  On a similar note, I filled a lot of Indian Head cent holes from the junk bins. |
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Pillar of the Community
United States
1300 Posts |
Yep dig through those junk silver boxes and pay homage to your LCS
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Pillar of the Community
United States
3843 Posts |
LCS have a lower margin on junk silver than numismatic coins but I think that they still make a decent profit if they sell enough volume. A few shop owners have told me that they would be out of business if it wasn't for their junk bins and small time bullion stackers making regular purchases every week.
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Replies: 8 / Views: 1,778 |
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Posted 03/12/2014 09:42 am
