It was a good decision and I was thankful I was there. The only thing I really bought back then were proof/mint sets so I didnt have a real good knowledge of older coins. I just knew enough that they were worth more than face value. The guy I bought my mint/proof sets from was a real reputable guy and he gave her a very fair deal. She wasnt planning on getting more than the $600 face so she was grateful for my advice. Later she found a roll of dimes dated 1920's and thirties and an 1894 Morgan which she gave me as a thank you. I cherish those coins to this day and would never in a million years sell them. She passed a couple years ago, sorta miss her- we stayed in touch all the time. Its really up to all of us to watch out for the older folks, especially in situations like this- we may be coin collectors but we are also human beings and must show a sense of morality. My best friends mom sold a bunch of silver coins to these scammers that travel around and pay people for their old coins, I told her how badly they ripped her off and that if she wanted to sell her old silver coins she should have called me- she didnt know I collected coins. So now anytime she comes across wheats or old silver coinage she saves it for me and I pay her a fair price for her work.
Now I see the whole; bizzy bizzy minset Bizzy with a barrel full of regret, WOW. If it is true I'm gonna send you some Pepto
Hey, there are two virgins (oops, I mean versions) to every story. This one sounds fishy--must have been a strong 'ol gal to haul around 350 Morgans!
my first thought was, . People do strange things. A guy came in to buy cigarettes the other day and used two 1921 Morgans as part of the payment. To bad it wasn't the register I was working.
Turns out to be a little over 20 standard pounds of dollars. Now imagine an old lady carrying two 10 pound bags of potatoes from her car all the way to a bank cashier. Not bloody likely.:hammer:
You can't profit (or lose) from what you didn't get. You can't profit (or lose) from what you didn't get. You don't know what you don't know, same thing. While the fantasy of what might have been is hard I to have trouble with the story - I know that's what she said but somehow it's don't quite sound right - most tellers I know could not tell an 1892 from a 1982 because they are not trained and like most people never look at the coins.
Just found this thread. Many years ago, my wife was a teller just out of college. One day a guy walked in and gave them a bag of 50 cent pieces for cash. When my wife heard the coins clunking heavily into the coin counter, she knew they sounded different. They were all walking liberties. She was able to buy them from the bank. They weren't worth grading, but she got $9 worth of silver for every 50 cent piece. We made a small buy decent profit. It was the only time it happened in the two years she worked there. My wife doesn't know much about coins, but was alert enough to grab those halves. I find it hard to believe a teller who said that a large quantity of coins from the 1880s just marched off to the vault without anyone there jumping on them. In other words, the odds are good that she was blowing some smoke.
The tellers where I go act like the hate you when you ask if they have any rolls of the new lincoln pennies. I guess they don't think much of the 3 lockboxes I rent there.
My sister is the head teller at a local bank. All of the tellers are well aware of what is valuable and what is not. You had better believe that if someone deposited $350 in old silver, the tellers would have been jumping over each other to buy the coin. She tells me that they (the tellers at her bank) buy coin and bills all the time from each other, and a lot of times hold stuff in the drawer until payday so that they can cash it out. A few of them, including her, formed a sellers club and one of the guys sells their finds on eBay every couple of weeks and they all split the profit.
I have heard a variation of this story many times, my best friend works in a bank and about two years ago when the collecting frenzy picked up they started making up stories to **** off collectors. Hers was ohh you just missed it yesterday a guy brought in $1000 bag of 1889 Carson city dollar coins. However a collector took it off our hands less than 10 minutes ago. Sorry better luck next time. And when you ask if they have something old, dont expect to get it, they hold on to it themselves. In addition all my local bank of america merchant tellers are local sellers, I always see them at the coin shops after payday. You have to be slicker than that. The longer they work there the more likely they collect it as well. When I worked in the movie theatres I collected about 27 morgans in 2 months. Once my co-workers figured out what I was doing I only got 3 morgansfor the next year! So I personally believe she is pulling your leg if anything that central vault is her home.