Bit of a shock at the pawn shop today...

Discussion in 'Coin Chat' started by -jeffB, Jan 15, 2026 at 1:07 PM.

  1. -jeffB

    -jeffB Greshams LEO Supporter

    Made my weekly-ish stop at the pawn shop close to work today. They had probably $150-200 FV of silver Washingtons that weren't there last week, in bags or tubes of 20 or 40. All tagged at $9999, as they've been doing with gold and silver for the last month or so.

    Today, I asked for a price. Long story short, they said $660 for the 40-coin bags, $330 for 20 - just a bit below spot! That was not what I was expecting.

    No, I didn't buy. But no, I'm not ruling it out. If they put out anything more interesting than Washingtons, I'll be seriously tempted. We'll see.
     
    rte likes this.
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    Sounds like they just put the $9999 price to keep up with the market.
     
  4. rte

    rte Well-Known Member

    I wouldn't rule out negotiating on the prices...you know they bought them right, they are in business to make money so a quick sale could be had.
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    Yeah, I'm sure they were just tired of re-tagging them. And we aren't quite there yet with e-paper electronic tags.
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Oh, I've negotiated with them before - but they're part of a big chain (National), and they never come down more than a token amount on stuff like this. Or if they do, I haven't found the right approach with the management. I'll settle for cherry-picking better dates if they show up.
     
    rte and calcol like this.
  7. panzerman

    panzerman Well-Known Member

    I have NEVER been to a "pawnshop"

    I have watched "pawn stars" lots of mistakes in their numismatic episodes.
    I myself, have a Lebanese client, her Father collected Canadian Silver Dollars when they circulated in 50/60s.
    Five years ago, she owed me $4500 for yearly lawn care bill.
    She asked if she could trade off for silver dollars. She offered me 500 Silver Dollars vs $4500 bill amt. I was super busy, said OK. Now, I am happy I did. Those weigh 450oz silver:)
    Best deal ever, I was in lineup at my bank, ten years ago, lady in front of me had a 1976 Montreal Olympics $100 gold coin in Proof case. She asked teller to change it for $100 cash, Teller refused. I walked over and said I will, and got a second $100 1976 coin. These weigh 18 g gold. So made another good deal! Good to always carry cash....
     
    Kentucky likes this.
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