| Author |
Replies: 19 / Views: 3,252 |
|
New Member
China
29 Posts |
Since I can't be in Baw-tee-more at the Whitman show now, I'm going to the next best thing: pawn shops.How much luck have you all had at pawn shops?
|
|
|
|
Pillar of the Community
United States
3499 Posts |
qazwsxed- They always seem to have a lot of coins on "Pawn Stars" on the history channel, so you'd think that many would have coins. But in my experience many do not (since they often sell such things on the wholesale market), and if they do have coins in stock, they are mere junk silver or are horribly overpriced, or both.
|
|
Pillar of the Community
United States
830 Posts |
It all depends on the shop, some are really bad...but I've found one good one and one really good one.
|
|
Pillar of the Community
United States
524 Posts |
I use them quite often. There are good deals if you look around. They have a lot of inventory and sometimes don't keep up with silver changes. Unfortunately this is the time when silver has gone down so if they are behind it will probably be on the high side. I tend to listen for radio auctions and chamber of commerce certificates to cut down the pawn shops prices. Saved me a lot of money in the past. Our pawn shop is a member of the chamber and frequently gives $25 gift cards to the radio auctions.
|
|
Pillar of the Community
United States
564 Posts |
Most I have gone to have a few coins way over priced! But it's always fun to look at what other "junk" they have for sale. Lol
|
|
Pillar of the Community
United States
609 Posts |
Normally in my experiences, they are waay overpriced. They think just becuase its from a different country its worth a ton. [
But if youre good at bargaining you might come out alive:)
|
|
Moderator
 United States
23522 Posts |
Never discount the possibility. Normally useless - they usually want to much for the offal they're selling - but you don't find diamonds unless they're surrounded by dirt, either.
|
|
Valued Member
United States
293 Posts |
My first "coin store" when I was a kid was really just a local pawn shop. They had an area sectioned off for jewelry, precious metals, and my favorite...COINS! I bought a lot of my Mercury dime set from them in the mid 80s for 7x face! It was one of my favorite stops when my parents would take me into town to go grocery shopping and run errands :)
|
|
Pillar of the Community
United States
2049 Posts |
Some are good, some are not so good. A couple of months ago, though, we were able to find Silver Eagles for slightly less than spot, even with tax included. As someone mentioned,they don't always keep up with changes in the silver spot price. They have plenty of other stuff that is way overpriced though too like common date circulated Kennedy halves that had asking prices of $3/each.
|
|
Valued Member
United States
397 Posts |
I've talked to two pawnshops and both run the EXACT same deal : You buy EVERYTHING They have regardless of what it is. Most of the shops around here ONLY care about bullion and/or jewelry, coins are very second-tier for them. One dealer brought out a bag he wanted to show me , 9 bullion coins (I think one was a 2010ASE) then one was a BU morgan. He also notified me he had 100 or so merc dimes in the back too.
|
|
Bedrock of the Community
United States
20753 Posts |
As already noted it's all just a take a chance with pawn shops. Usually if they haven't had experience with coins, you can get some great deals. Once they find out about prices, they get a little nutty thinking every coin is worth a fortune.
|
|
Bedrock of the Community
United States
14454 Posts |
I have a buddy that sprays the biggest pawn shop in my area for bugs (he is an exterminator) and any time I want something from the pawn shop I will have him call and tell them he is sending me up there for something and they always sell me stuff at their cost because of him. They have given us stuff before for nothing because he cuts them a deal because they have to be sprayed quite often because allot of the stuff that people bring in have bugs in the stuff. I have never bought any coins or anything from them but I have gotten quite allot of good deals on gold necklaces and even a $1000.00 peavey amp I paid 150.00 for, for my son. He can hook it to his pc and record him playing and he can also play rhythm and record it in the amp and then it will play the rhythm back while he can then play lead. It is about the coolest amp I had ever seen. He had a real small amp before this one but it messed up on him so I bought him this thing to replace it, it actually cost less than the portable amp he had at first
|
|
Pillar of the Community
United States
1348 Posts |
I got a 70/70 Dansco for $17 at a pawn shop. It looked brand new.
|
|
Moderator
 United States
188191 Posts |
I have visited a few pawn shops in the past and every single one of them was quite proud of their coins, that is they were way overpriced. Needless to say, I have never bought a coin from a pawn shop.
|
|
Pillar of the Community
United States
509 Posts |
I've only been to one pawn shop a few months ago. Walked out with a pair of Morgans for $40 when melt was at $25. I agree with just carl, if they haven't had much experience you might get a good deal. This same shop mentioned he had some slabbed coins in the back. Maybe I should have taken him up on it.
|
|
Pillar of the Community
Canada
3692 Posts |
Lol, it greatly depends on the pawnbroker. Each guy is unique. I've had shops where they know me and know what to show me, to shops that look like they get 1 customer a month because the owner is a crabby man. Personality goes a long way.
Most coins are overpriced but if you don't know how to haggle you shouldn't be in a pawn shop in the first place. My opinion.
|
| |
Replies: 19 / Views: 3,252 |