Hey guys, haven't posted in awhile. Been mainly interested in other things. Lately I've been real out of quack with all the annoucements and changes, and I feel I am becoming less and less of a numismatist. I think I already missed the deadline for the counterfeit detection summer class in Colorado...my mind has been elsewhere lately. I was reading somewhere, with the addition of this new "plus" service, what is it like a CAC sticker basically? Kind of like NGC's star? What about this grading thing? I heard PCGS totally changed their grading system around, forfeiting the MS grades and lower. Is this true? I also wanted to share a find. I recently was looking through halves, I went to 2 banks and got $200 worth of halves. I found 1 1964 90% kennedy, and 2 40%'s. Not bad. I'm surprised you can even find silver in rolls now days. I'm going to use them for my magic. Thanks Guys PS: I can't believe how many places are buying gold now. I found some store that had a "gold party", and one store while riding my bike the other day was a shop, just to buy gold! Crazy. I guess its desperate times..
There have been quite a few threads on the subjects you ask about Kevin. Take some time and do some reading to catch up. Your input is always welcome
Funny you should mention those "gold buying" shops... they are becoming more numerous than Starbucks here in Los Angeles.
If you do your own homework by reading the PCGS announcement on their website then you won't have to rely on potentially false information from another party. If you can't put out that amount of effort then you might not be ready to come back to this hobby.
They're getting more and more since the recession hit over a year ago. A lot of those shops buying gold and silver coins, and one can find some decent deals at these shops.
dumb question..these Gold/Silver Shops that people often go to, do they melt the Gold/Silver that people turn in or can you buy gold/silver from them as well?
Many small shops that also repair or fabricate jewelry will keep on hand small quantities of metal to melt when needed. Otherwise, material taken in is either immediately sold to a smelter or other middle man if it is sterling flatware, broken jewelry or non-numismatic coinage or medals while items with numismatic value will be sold using other venues. I would imagine few of these generic metal buying enterprises sell to the public since it would be an unnecessary drain of resources when they already have large scale buyers in place.
