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 Replies: 10 / Views: 1,663 |
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New Member
United States
13 Posts |
Went to local pawnshop today to check see if had any coins he did he like 9 silver Kennedy ask him what he wanted for them he said 10.00 a piece I said I can't do that just wondering what the group members thought good deal or bad deal thank you
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Pillar of the Community
United States
1475 Posts |
90% silver Kennedy in BU/UNC condition might be worth $10/each. 90% Kennedy circulated condition might be slightly higher than melt value, or $7/each (seems reasonable) 40% Kennedy halves are not that popular, IMO. So, at the melt value, even lower. Edit: I guess you have to add pawn shop owner's margin to be fair. After all, he is running a business and has a overhead cost. Edited by Coconutjoe
07/25/2017 3:16 pm
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Pillar of the Community
 United States
2843 Posts |
Usually, in my experience, Pawn shop = either a great deal on unattributed item - or ripoff on everything else.
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Valued Member
United States
79 Posts |
I check for silver coins in a pawn shop frequently. He usually has a few 90% Roosevelts and occasionally Mercurys and Kennedys. I asked him what day of the week was he most likely to get silver coins. He said no particular day of the week, but more importantly late in the month and shortly after a silver price uptick. I was thinking late Friday or early Saturday to finance weekend plans. Confirmed what I suspected all along - I don't know what I'm doing.  |
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Pillar of the Community
7234 Posts |
Quote:
After all, he is running a business and has a overhead cost. Sounds familiar.  |
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Bedrock of the Community
United States
94367 Posts |
  to the CCF! |
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Pillar of the Community
United States
4211 Posts |
I have found pawn shops hit or miss.
I am not in one often but I always check to see what they have available.
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Pillar of the Community
United States
1119 Posts |
I went to a pawn shop a few times near here. when ever I would ask about the price of a coin even the common dates, out came the price guide. when selling to him all coins bought at silver price
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Pillar of the Community
United States
1119 Posts |
At today's silver price (about $16.50) 10.00 is very high. look around you will find '64 kennedys for $7 or slightly under
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Pillar of the Community
United States
1475 Posts |
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Sounds familiar. His overhead cost is Chumlee , and he gets paid plenty from the show. I've been to the pawn shop in Vegas once and it was a zoo. Going back to the original question from OP, I've never had any worthwhile buy from a pawn shop. |
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Valued Member
United States
52 Posts |
Way too high if you ask me. You can find them on ebay near spot if you buy enough of them. |
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Replies: 10 / Views: 1,663 |
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Posted 07/25/2017 3:30 pm
