Okay so I went too the mall today and finally decided too go into this place thats called "the collectors hut" and they have a very nice collection of older us coins, among the coins where countless cases of proof, mint sets, busts, morgans, barbers, walkers among many others. I had my eye set on the 1976-1989 proof sets and they weren't labeled, so i asked the price of them, and they all were priced any where between $16-$45/set, I am like "your kidding right" hes like nope, thats how much they are, then he goes into a whole debate about how rare they are and how they are all deep cameo pieces and such (definently not cameo) (and just about anything else, just so he could get the sale) then I was asked how flexible he was with the prices, and he said he couldn't budge,so naturally I passed. So i continued too look around, then I seen a whole bin of fairly decent pre 64 Washington's and I started looking threw them, I couldn't find one that would grade above a fine. but still in all i wanted too at least fill my Dansco so i asked how much he wanted for a bunch of various silver Washingtons, that were worth nothing more than melt, you will not believe this one!!!! he told me they were $7.95/each!!!! I then asked him, why they were priced so high, and his response was that silver is on the rise and they are going too be very valuable soon, By my calculations silver would have too hit $43.97 before they were worth this much!!! but anyways, I did walk away with a couple of things that the guy wasn't totally trying too rip me off on, I walked away with a tube each of 60-D,62-D, and a 63 all of which were a grand total of 4.50 ($1.50/each tube) I havent looked thru them yet but they all look pretty darn nice with a fair bit of nice toning going on. but all in all, i think my trip there today was the last I will see.
There is the answer to your question of why this dealer's prices are so high. Rent for space at a mall is expensive. His prices reflect that. Go to a dealer whose store is on a side street (i.e., low rent) and compare prices.
That is a disgust though. I see where you are coming from though, and i understand, but he didn't have too tell me all these stories about why a $3 coin is worth $8 I should bring him all of my junk silver and sell it too him for $5/quarter and $30/morgan/peace
Guys, do you know how much rentals can be in a mall? I'm not too sure what it is like over in the US but rentals can go over at least 3,000USD. I'm sure in a mall it's going to be a fair bit more. Unless you make over 100USD profit just to break even, how much of those quarters do you reckon he has to sell to make a profit?
