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Coin Deal Or No Deal?

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Author Previous TopicReplies: 4 / Views: 989Next Topic  
Valued Member
homiegrubbs's Avatar
United States
201 Posts
 Posted 05/14/2008  4:26 pm Show Profile   Bookmark this topic Add homiegrubbs to your friends list Get a Link to this Message Number of Subscribers
A friend of mine owns a local pawn shop and has a tub of silver Kennedy halves, Franklin Halves, and Washington/Standing Liberty quarters that he said he would sell for $12.00 on the dollar. He also has Morgan and Peace dollars at $1.00 above spot. All coins are circulated and key dates removed. I did notice a few Morgans in AU condition with both P & O mint marks.

The question is...do I pull the trigger?

Thanks,
Bill
Pillar of the Community
United States
810 Posts
 Posted 05/14/2008  4:52 pm  Show Profile   Bookmark this reply Add Double Mint to your friends list Get a Link to this Reply
I would say the bast deal is 4 standing liberties for 12 dollars. Also 2 franklins for 12 is a decent deal. I would still buy morgans and peace one dollar over.
Valued Member
ericnh's Avatar
United States
109 Posts
 Posted 05/14/2008  4:53 pm  Show Profile   Bookmark this reply Add ericnh to your friends list Get a Link to this Reply
it's only a deal if you think silver will be going up.
Valued Member
homiegrubbs's Avatar
United States
201 Posts
 Posted 05/14/2008  5:11 pm  Show Profile   Bookmark this reply Add homiegrubbs to your friends list Get a Link to this Reply
I might just cherry-pick for the older halves and quarter dollars. Silver might rebound but I don't think we'll 20 again for a long time. Depends on who gets elected pres ;-)
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Amazon99's Avatar
United States
2443 Posts
 Posted 05/14/2008  10:10 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
I would say deal. You could always sell the morgans and Peace dollars on ebay if silver doesn't go up by much. Plus you can always search for VAMS.
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