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 Replies: 10 / Views: 3,362 |
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Valued Member
United States
107 Posts |
I was dumping at the bank today and filled the bag on the CC. Got talking to the teller who changed the half bag and asked about buying the bag. He says that they contract with Garda for the machine and they own the bags. That sounds logical, they are providing a service for their customers.
Anyhow he asked if I culled out all the silver 90 and 40%ers and I said yes, he showed me a couple that showed in the bag but even he couldn't get them. But he did say he culls any silver the customers bring to the tellers and he has about $40 face and asked me where to sell it. I mentioned a local coin store but then knowing that the store is paying $5 a half (10x face) I offered him 10x for the 90% i.e. $5 and $1.50 for the 40% saving him a trip to the store.
He agreed and I will buy his stash tomorrow. I will also strike a deal with him to buy whatever he gets from customers in the future at the price the dealer is getting.
Have no idea what he has but it will be interesting.
The big thing is that I COLLECT JUNK SILVER and am currently having to pay $7.50-$8 per half from the dealers, so I am saving $2.50 to $3 per half. I have been getting junk silver for years in fact put together a set of Franklins from junk and Walkers (except for several key dates) from junk silver. It is good because if you have a couple extra bucks you can get some silver to put away.
I will let you know what I get.
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Rest in Peace
United States
18456 Posts |
Congrats , you did well .  |
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Moderator
 United States
188648 Posts |
Good work.  |
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Valued Member
United States
392 Posts |
Way to make a deal. Sounds like you are connected.
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Rest in Peace
United States
17900 Posts |
Talking nice still works, thank goodness.
I hope both of you do great.
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Pillar of the Community
United States
2910 Posts |
This is why I always say to develop a rapport and a relationship with your banks and your tellers as quickly as possible. Well done! CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Valued Member
 United States
107 Posts |
So he had 26 90% including a 1951 and 1959 Franklin and 38 40% I paid $5 for the 90% and 1.50 for the 40% around here the 90s are selling for $8 and the 40% around $3 so I think I did ok
even better is he is going to watch for silver for me and save it and I will pay dealer price for it. He is also going to ask Garda if he can buy the half bag off their machine, we would split whatever we find. But I don't hold out much hope for that as the person is just a courier from Garda. I wonder if I could contact Garda themselves and see if they will sell unopened bags?
Since I also buy/collect junk silver I am happy with the transaction.
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Valued Member
United States
107 Posts |
need a picture  |
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Moderator
United States
188648 Posts |
Quote:
need a picture Yes. Thank you!  |
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Valued Member
United States
107 Posts |
Update, they can't buy or search bags from Garda. But My teller called me, a lady had come in today to dump some Kennedy's in the coin machine but didn't know how to use it so asked him. Since I had told him what to look for he bought them from her and called me. She had 40 40%'s and 12 90% including 4 Franklins and a Lexington Concord Commemorative in about VF/XF. Paid $5 for the 90% and 1.50 for the 40%. He made money and I did ok. I paid him $5 for the Lexington as it looked beatup when we first checked them. Now looking at it I would say the reverse is VF and the Obverse is XF, I see them going on ebay between 20 and 30, most closer to the $30. So I will call him tomorrow and tell him that it was better than I thought and offer him an extra $5 or $10, so I will pay $10-$15 total, don't have to but it will probably make him happy and he may watch for more commems. I know dealers usually pay about 50% of what they hope to sell it for.   |
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Moderator
United States
188648 Posts |
Excellent!  |
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Replies: 10 / Views: 3,362 |
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Posted 01/23/2018 4:24 pm
