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 Replies: 7 / Views: 1,834 |
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Pillar of the Community
United States
4963 Posts |
I was at a coin show today and was digging through a $1 junk bin, when I noticed a large piece. I took a closer look at it, and I ended up buying a really beat up 1904 2 franc coin with a melt value of $4.55. I suppose the dealer didn't recognize it, but in his defense, the color is closer to that of copper than silver. I also picked up 4 sterling sixpences (1912, 15 x2, 17) from the same bin, with a melt of $1.51 each.
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Bedrock of the Community
Australia
21788 Posts |
I will pick any junk silver from dealers' junk boxes, provided it is considerably below melt value.
If that is your policy, expect a very long time between 'finds'.
That is OK for me, because I am not really a silver accumulator, I used to be a very long time ago, now I just make use of what I have learned.
I have about a half kilogram of highly interesting and assorted World silver. Nice little collection in it's own right!
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Pillar of the Community
Sweden
1078 Posts |
I had a similar experience with the same coin. I was at a coin dealer in Gothenburg and I asked for anything silver. He ended up sorting through a bunch of flips he had, pulling out any silver he could find. I didn't have this particular coin so when it appeared among the coins he had pulled out for me I was going to buy it. It cost me 25 SEK (~$3), and it wasn't until after I realized I had unknowingly made a bargain. The seller did say though that he wasn't completely sure about his own pricing and there were to be some bargains. I should probably also add that the coin loks like this:   A design I really like, that is actually still used on the French 10-50 cent coins, although modified (and uglier)  Edited by X2an
04/24/2016 09:30 am
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Pillar of the Community
Norway
1358 Posts |
Nice find! I actually do the same as you do. I have bought some bulk coins and it's always great when something precious turns up. Last time was 2 silver 10 Øre pieces from Sweden in a bulk of about 500 Scandinavian mints. These are very small coins, so not much bullion value, but it's the idea that counts, right? I'm still waiting for my first gold coin in a junk bin or bulk, though. ;)
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Pillar of the Community
United States
2637 Posts |
Yeah, found this little guy in the 6/$1 junk box last week. Saw the king and thought -- right size to be silver, but it has a flat rim. Negligible downside, so I got it, and it is .917.   |
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Pillar of the Community
 United States
4963 Posts |
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Pillar of the Community
Norway
1358 Posts |
I just found one like these silver ones, a Paul I 20 Drachme from 1960, in a lot of 'junk' coins that I bought. Given that it was a lot I bought per kg, I guess the actual price paid for this one is about $0.06 or so. :) Melt value is about 3 Euro or $3.40  Edited by UltraRant
05/13/2016 11:08 am
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Pillar of the Community
United States
4963 Posts |
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Replies: 7 / Views: 1,834 |
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Posted 04/24/2016 09:25 am
