Just Found In A Dealers Junk Bin! - Page 2

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Author	Replies: 22 / Views: 2,957	Page: of 2

Prethen Pillar of the Community United States 3233 Posts	Posted 03/18/2008 2:58 pm Most definitely worth more than five cents! Report this Post to the Staff
Nelrak Pillar of the Community United States 974 Posts	Posted 03/18/2008 3:54 pm quote: I'm a little concerned with Nelrak's comment. How is it a moral issue to purchase the coin for a nickel? That is the price the dealer chose to set. OK call me odd but I don't see cause for "concern" about my comment... I love a deal as much as the next person but this is a rare case. Being that the coins were Cherrypicked, I just feel that an accidental oversight for a cent like a $1000+ 22 Plain should have been brought to the dealer's attention, because you know it's not a nickel or a few dollar cent especailly since it sounds like there has been some great deals had in the past with someone dealt with for at least a year. So no need for concern, I would have just told the dealer of the oversight. Afterall you aren't finding it in pocket change, searching rolls, or winning an auction. I recently sold Vaslin lot of 1000+ wheat cents for around nickel a piece, that I did not search. He reported back to me he found a MS63 09 VDB, 1957-D EF-45 RPM #1, 1910 AU-55, and a 09-S which could possible be a VDB. Kudos to him, because that was a lot, not a cherrypick. Since I collect 09 VDBs and don't own an 09-S I would have loved to have gotten those but hey I was too lazy to look. Report this Post to the Staff
dave2095 Valued Member United States 64 Posts	Posted 03/18/2008 11:34 pm Hi First thing the dealer here knows what I found as I told him when I saw it. He buys bulk, the coins he puts in the junk bins or should I say Bulk bins. He purchases the coins in mass and just does not have the time to do a detail search. He does from time to time try to look though it but theres just to much and he gets many customers though out the day. There are 5 coin dealers with in a 20 min drive from here and he is the only one with what you will call un-search bins. I've know him and his family for over 5 years now, we are good Friends and alot of times he offers to buy what I find, when I find it. So if its in the bin and I or one of his customers find it, the price on the bin is the price of coin (even if its a 100 to 1000 dollar coin) By the way he looked at the coin and offer to buy it from me for 450.00! But I need it for my set, so I am keeping it. This dealer has been very good to me and being on disability I sell at the local swap meet as a part time dealer my self. I mostly restock my coins from his junk/bulk bins and he even discounts his already low prices just for me.(like if I buy 50 or more Indian cent I get them for 75 cents each and thats even with picking them out) He has even consign items (things that dont sell fast in the shop) from his shop with me to sell at the swap-meet. Anyway I am very happy with my find and no its not a weak D. :) Edited by dave2095 03/18/2008 11:39 pm Report this Post to the Staff
pattiewhack Pillar of the Community Canada 1152 Posts	Posted 03/19/2008 01:03 am I think that if the coin dealer had coins in his junk bin for 5 cents, that is his loss if there's a 1922 no D that is hidden in there. He has those coins in his shop 24 and 7, and can go through them any time he wants. In this case, it was the difference between 5 cents and a couple hundred dollars. Just my two (or should I say five?) cents Edited by pattiewhack 03/19/2008 01:05 am Report this Post to the Staff
jbuck Moderator United States 187446 Posts	Posted 03/19/2008 09:47 am Just pondering the possibilities here... but it appears that this dealer is already making some profit; buying in bulk and selling individually. Maybe he does not really need the money? Maybe his goal is to make people like Dave happy? Considering their friendship, maybe he is mentoring Dave? Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Robberbaron Valued Member United States 66 Posts	Posted 03/19/2008 2:59 pm Is this dealer all there? The wheat cents I can understand finding a good one in the "junk" bin now and again but a 1928 dollar? Duh! what does he charge for coins not in the "junk" box. Blue book values or grey sheet values? Report this Post to the Staff
Nelrak Pillar of the Community United States 974 Posts	Posted 03/19/2008 9:30 pm quote: By the way he looked at the coin and offer to buy it from me for 450.00! But I need it for my set, so I am keeping it. Answers my question, Kudos Dave! Sounds like a great friend you have made there! Report this Post to the Staff
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