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 Replies: 18 / Views: 12,722 |
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Valued Member
United States
85 Posts |
The offer was presented to me to purchase a coffee can full of scrap quarters at $3.25 each. I don't know what size coffee can (probably doesn't matter) or how "scrappy" the quarters are. How far out of the ballpark is that offer?
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Valued Member
United States
178 Posts |
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Valued Member
 United States
85 Posts |
No idea - he just called them quarters. Said he'd sell them to me at scrap value. When I asked what that was, he said $3.25 each. They could be anything. I've never been given an offer like that, so I don't even know what questions to ask or what is typical in dealings of this sort.
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Pillar of the Community
United States
1130 Posts |
3.25 each coin or 3.25 for a can full of quarters ?
If it's each coin and they are dated 1964 or earlier, then you are getting them at approx melt value. If it's 3.25 a can, I'd get as many as you can, silver or clad, it's gotta have more than 3.25 face value in there.
Edited by 1sikevo
04/09/2008 3:51 pm
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Pillar of the Community
United States
2049 Posts |
You can find them a little cheaper on ebay but they have been picked over. There are a couple of key dates from 1932 and a couple of errors (doubled dies, etc) to look for. If you can talk him down to $3/each then it might be worth grabbing. |
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Valued Member
United States
189 Posts |
Well at that price they have to be silver..and I think even thats bit high, but I'll wait for the experts.
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Pillar of the Community
United States
666 Posts |
current melt value for a 32-64 Washington quarter as of 1:30 PM EST April 09, 2008 is $3.2968 (Deleted4.com) |
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Pillar of the Community
United States
1179 Posts |
Size of the can wont matter since you are buying per quarter. I'd ask to look at them first. Might not be anything you'd want to deal with if its complete junk. Who knows, maybe they've been in a can outside full of water for 20 years lol.
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Pillar of the Community
United States
543 Posts |
Due to the sellers indefinite offer, I would say you should not purchase anything until you actually see what hes offering.
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Valued Member
United States
85 Posts |
I've been rolling this around in my head for a bit. The only reason the size of the coffee can matters would be the amount of quarters times the selling price might be more than my firstborn child. He says he hasn't looked in it so doesn't know what is there. So the question comes to my mind: if he doesn't know what is in there, how does he know what price to set? I think he probably actually has looked in order to come up with that price. Also, if he has, then he has probably removed anything that is of greater value. So I think I'll pass on this one, and one of these first days, take my chances by getting some rolls/boxes from the bank. I do appreciate you replies; you got me thinking. Thank y'all.
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Valued Member
United States
473 Posts |
I'd probably pass too. Just a bit of warning to anyoneever in a similar situation...coins + old coffee cans = JUNK. I own a bunch of silver (mostly roosies and Washingtons) that were stored in an old coffee can since the 60s. The coins are absolutley disgusting. Coffee stains all over them--any collector value they might have had is gone. Worth no more than melt.
--gary
Edited by GFR3
04/09/2008 8:15 pm
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Pillar of the Community
United States
1228 Posts |
something that sounds too good to be true is probably to good to be legal
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Member
United States
3242 Posts |
I would ask to see an overview of canned quarter they maybe only worth melting.
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Pillar of the Community
United States
2373 Posts |
I wouldn't offer him asking price. Consider shipping charges etc there isn't much wiggle room for profit. nlp
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Valued Member
United States
85 Posts |
All done now. I went back to the guy (no shipping as he lives in town) and asked a few questions. Turns out the entire can contains only silver quarters. I looked at them, and came home with only a few of them. The rest would, yes, bring melt value. But I'm not real interested in melt value at the moment, so I bought several silver quarters that weren't discolored, etc., and let it go at that. All done. I feel confident in what I did thanks to the input of y'all on this forum. Thanks.
Edited by Bobbi
04/10/2008 3:53 pm
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Pillar of the Community
United States
6326 Posts |
Shame he wouldn't do any bargaining and come down a little off of that price.....if he would have I'd have cabbaged on to those in a jiffy !.......30 years from now at an auction they'd go for much more than that I'd bet.......heck at an estate auction they'd go for more than that right now !.....people go crazy for silver at those things !...  Edited by eaglefoot
04/10/2008 4:39 pm
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Replies: 18 / Views: 12,722 |
Posted 04/09/2008 3:19 pm
