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 Replies: 8 / Views: 1,649 |
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Valued Member
United States
325 Posts |
I recently bought a bunch of "junk" quarters, and they weren't in bad shape. I went for the price closest to spot, so I got one standing liberty and 13 Washingtons. It gave me a few that I didn't have before, and I can sell the rest when silver gets to a better price. What I'm wondering about are the junk collections with specific coins, like Barber dimes or Walking Liberty halves. Has anyone had luck with these? And which sellers? Are they worth the higher premiums? I also just learned about lowball collecting, and I think junk silver would be a great economical, low-risk source for them. Has anyone gotten decent coins out of silver dollar "culls?" My one experience there leads me to believe that that's a dumping ground, but YMMV. Edited by Pauldog
03/05/2019 3:49 pm
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Bedrock of the Community
Australia
21786 Posts |
A budget way to build a date/mm set.
Optional to upgrade later, pay in part for the upgrades with culls.
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Bedrock of the Community
United States
10034 Posts |
One way to get some good coins from junk silver is to look for varieties. Although you won't make a killing that way, you can resell some items for more - thus enabling the ability for growing the amount you can search or saving for something special.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
4469 Posts |
I put together a complete date and mint junk collection of Walkers. I purchased most of the coins in lots near spot and kept upgrading until I had a completely problem free set. There are 6 or 7 coins that were purchased as individuals on ebay. I picked up the 21 and 21D at Hertiage in a slab all other coins were purchased raw. On the 21 and 21D key dates there did not appear to be any real bargains on ebay as the sellers wanted too much for TPG coins and many of the raw coins had issues. |
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Pillar of the Community
United States
3843 Posts |
Every few months I check the junk bins at a few local coin shops since they are nice enough to let me look and pick out what I want for a bit over melt. They don't miss much but every once in a while I find something that is a bit better and too good to be melted. Got some nice low grade Barber coinage this way and have gotten a handful of problem free low grade Seated dimes. Might be decently profitable if you ever set up as a coin vendor at a flea market or antique mall but it would involve a lot of work for not large enough margins. |
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Pillar of the Community
United States
1613 Posts |
We are in agreement on the collecting of low-ball coins and your method by which you acquire them. Myself, I collect average grade, raw circulated- with exception of the key dates, which I crack out and keep the plastic as proof of authenticity. A short situation which I encounter several years back. I have an uncle who lives in Spartanburg, South Carolina. Out of the blue, as I often do, I drove ten hours south to visit. Unaware of a high end auction, by who I forget, in nearby Greenville. A trip which was his idea, not my own, we found ourselves setting beside an older gentleman who had bought three or four lots before striking up a conversation. After several more lots were hammered, he began bidding on 1932s Washington quarter. Long story short, he won another lot. This one at somewhere north of 3,000 for a PCGS-64. Now, the grade and price are all that I can remember because when I told him I had one ungraded in what would be at minimum an MS60 for which I paid only $180, he shut up an said no more. Guess I'm a "lowball" collector.  ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon
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Valued Member
 United States
325 Posts |
As far as going from MS60 to MS 64 - it's somewhat like buying stereo equipment: the last percentage point of performance adds a lot to the cost.
Part of the fun for me, though, is the treasure hunt aspect, and another part is using my own aesthetic judgment to buy what looks good to me.
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Bedrock of the Community
United States
20753 Posts |
Remember not all people that sell coins are coin collectors or dealers. Some are just people. At a flea market some time ago a person had piles of coins for sale on his table. I picked up all the Mercury dimes for $1 each. He then lowered the price to .90 each due to me buying so many. One turned out to be a 1921 and another was as 1926S. Regardless of grade, that turned 0ut t0 be OK with me. |
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Pillar of the Community
United States
3343 Posts |
Dealer junk silver cans used to be a good place to get dollars and walkers. This MS toned Peace dollar came from a can. It's not rare but it's a good example of a full strike.  "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
03/06/2019 1:01 pm
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Replies: 8 / Views: 1,649 |
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Posted 03/05/2019 5:27 pm
