Little treasure

I thought this was a neat story, so I'll share it. About a week ago a co-worker called me and said his mother was coming down for a visit. Knowing I collect coins, he asked her to bring some she had found a few years back. Apparently, one evening while his mother was sitting down to eat dinner, the kitchen sink decided to burst a pipe, sending water all over the place. While cleaning she had to remove a roof tile to let it dry. Underneath it was a small coin purse full of coins. This is what he had to show me. Now most of the time when people have things like this to show it's usually junk coins. This time I was pleasantly surprised. There was a lot of IH cents and silver dimes of all kinds. But, there was also a 1908 S IH cent I grade at VF-XF. There were also a few Morgans. No great dates, but one was really nicely rainbow toned on the reverse with lime green, violet and orange, though my pics are horrible. Plus, sticking out like a sore thumb was a 1886 seated dime I'd say is a nice AU. Even a 1920 D walking lib half was present, but in not the greatest of shape.

His mother asked if I'd like to buy them, so of course I did. It was a neat find. It makes me want to tear my old house apart looking for old coins now!





Guy~

 

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That is a great story and the coins look good! And I have to ask... How much did you buy them for?

 

I don't like to put things like prices paid out for the public to see. But I will say she got a fair price. I paid more than a coin dealer or pawn shop would have given her by double, at least.
Guy~

 

She got a fair price, so I'm guessing you did okay too...
Well nice find anyway..

 

yea a pawn shop would say it only worth face

 

Nice pic and story.. thx for sharing

 

Thats pretty cool man.

 

Cool story!

 

That very cool, I even see a three cent nickel peeking out of the pile. :thumb:

 

It makes you wonder how many forgotten stashes of coins there are out there waiting to be found.

 

I'd love to be able to find a stash of coins... Or pay close to nothing at an antique shop for them, and they wouldn't know what they have... All the antique shops I've ever been to, have known exactly what they have, and overpriced and overgraded them.

 

Most antique stores where I live don't know a thing about coins, so they price them rediculouslly high thinking they have something worth ten times what they actually have.
Guy~

 

Well, at least you could "learn" them, as I say.. LOL
I can't teach people anything, except for my parents, and just gave my uncle's girlfriend a lesson on morgans, and a little bit about grading, and what I have... I have 5 morgans, and 2 coming in, 5 MS63's, 1 63 DPL, and 1 MS64, all NGC.
Annie (My Uncles Girlfriend in her 60's) she once, had a morgan dollar, and it get melted in a fire when her house burned down! She lost everything, and she couldn't find the morgan anywhere, I told her it would have to get pretty hot to be able to melt the morgan!
I love being able to teach about the hobby, especially to my family, I'd love to be able to go to an antique store though, and teach somebody who owns the place a little about coins, and maybe get some good discounts in the process...

 

My antique shop gave me a holed barber for under silver value


Good job for giving her a fair price!

 

I used to find some nice bargains in antique shops, but in the past couple of years the prices have rocketed up.

 

Seems some people are coming to cointalk and learning! DANG ANTIQUE SHOP OWNERS!

 

Great story and find, thanks for sharing.

As far as all the pawnshop remarks, the one around here I goto has a ton of gold priced about 5x higher than they should be. I asked how he determined his grades and prices and he pulled out a photograde book. Not sure how it's possible but he was grading vf/xf coins as MS63+.

 

I'm curious; why is this? I don't see the harm.

 

thats awesome what a great find

 

Because if he mentions a price and some self appointed judge decides that he didn't pay enough he then gets criticized and is put on the spot of having to defend his actions. Besides it's not really anyone elses business what he paid, especially if he assures us that he paid a fair price and at least as much as she would have gotten from an honest dealer.