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 Replies: 11 / Views: 1,787 |
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Pillar of the Community
United States
3210 Posts |
Here's the thing....bought these off a jeweler who I have done business with before. I brought them to my precious metals people to show and he weighed them out of curiosity. Is it normal for them to not weight .86.....most fell in the range of .855 ish. Design looks fine they are silver just weight is off. I know coins lose some weight via circulation but is this normal? My precious metal guy thinks could be really good counterfeits. There are no rare dates all common stuff, but now I am worried a bit and would like some relief. I may have to call my jeweler and let him know I want my $ back. Opinions would be welcome.
Almost all are within the range of 26.5-26.6 grams per two are less but they are really heavily circulated culls. Edited by Imthealphaomega
01/13/2016 3:51 pm
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Bedrock of the Community
Canada
10743 Posts |
If they are very well circulated then yes, they should lose weight on the coin.
I think you got a buy!!
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Pillar of the Community
 United States
3210 Posts |
Grades are various from good to xf. Weights are consistent at 26.4-26.6 grams.
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Pillar of the Community
United States
1308 Posts |
It's getting scarier and scarier to buy silver dollars, even from guys I'm been buying from for years.
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Pillar of the Community
United States
3210 Posts |
I am hoping to resell these there is like 2 I want to fill holes in my set a 27 peace and 34d peace. Rest I have.
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Pillar of the Community
United States
3210 Posts |
Just sold them all for a little profit to a local dealer and friend. He said there was nothing wrong with them and light weight loss is common during circulation. Lesson learned.
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Pillar of the Community
United States
8516 Posts |
Were you able to make enough profit where your Peace dollars were essentially free ? Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
3210 Posts |
I made like $70 profit including some junk silver....something is better than nothing.
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New Member
United States
31 Posts |
I think your 'precious metals people' were yanking your chain because NOBODY like to have it rubbed in their face when a customer buys something elsewhere and brings them in to brag.
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Pillar of the Community
United States
3210 Posts |
Nah these people I have dealt with for 3 years there cool with me, they wouldn't do anything to bother me cause I give them a lot of business. They know I buy stuff from everyone. I mainly buy from them in bulk but I couldn't turn down silver dollars from a jeweler friend.
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Valued Member
United States
288 Posts |
You did well and now you know, but that tiny difference adds up.
If you wish to see a physical representation of that weight loss, take a roll of circulated Mercury/Barber dimes and stack it next to a roll of 64 Rosies. It is easily 2 to 5 dime widths shorter. That's also why some coin dealers/pawn brokers pay by the weight and sell it for a number of times face value per piece, automatic 5 to 10% profit.
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Bedrock of the Community
United States
17884 Posts |
Unless they were VERY worn, which you indicate these weren't, it would be highly unlikely to ALL be more than a gram underweight (tolerance when new is only .09 grams). The weight of those coins were well out of tolerance. I would be very suspicious of those coins as being fakes.
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Replies: 11 / Views: 1,787 |
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Posted 01/13/2016 4:07 pm
