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<p>[QUOTE="Talespin, post: 719328, member: 20477"]<span style="color: black"><font face="Verdana">Hi,</font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana">I am a new collector myself, and I have looked to pawn shops for coins. I have not bought any coins that were less than uncirculated for the reason that I do not know much about grading. I do, however, ask myself a couple of questions even though I still do not buy. It is mostly to get myself in the habit of scrutinizing the purchase before I buy the coin.</font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana">I ask myself these questions: "What is the condition of the coin?" "How much is the pawn shop selling it for?" "What is the Redbook value for that coin in that condition?" and "How much could I get the same coin of equal condition at a coin dealer?"</font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana">I watch the TV show "Pawn Stars". It, kind of, lets you see how a pawn dealer works. In one episode, one person was selling a Silver dollar with a "CC" mint mark for much less than the store wanted too because that persons eyesight was going bad. Later in the same episode, they showed another person taking the same silver dollar and throwing it in a bucket with other silver dollars, mixing it around, and dumping it on the table for the person, with the bad eyesight, to search through and find the CC dollar. That episode showed me that particular pawn shop had some idea of how much the dollar was worth, but did not to how to properly handle it. </font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana">If you can find the same coin at a dealer but in better condition for a little more in price, I would buy from a dealer. Do not be afraid to negotiate with the pawn shop. Chances are, they bought that coin as part of a larger set while paying as little as they could. Then they sell each coin individually for the highest price they can. That is why you should have answered all the questions I have stated above before you make your purchase. Also, don't feel that you have to buy the coin on your first visit- shop around first. If you can find the same coin, in the same condition, cheaper some place else, go back to that pawn shop and try to negotiate them to a lower price. If they will not negotiate, buy the coin from the other shop.</font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana">I hope that I have helped you in some way. Give us an update on what you decided. </font></span></p><p><br /></p><p><span style="color: black"><font face="Verdana"> Matt</font></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="Talespin, post: 719328, member: 20477"][COLOR=black][FONT=Verdana]Hi,[/FONT][/COLOR] [COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=black][FONT=Verdana]I am a new collector myself, and I have looked to pawn shops for coins. I have not bought any coins that were less than uncirculated for the reason that I do not know much about grading. I do, however, ask myself a couple of questions even though I still do not buy. It is mostly to get myself in the habit of scrutinizing the purchase before I buy the coin.[/FONT][/COLOR] [COLOR=black][FONT=Verdana][/FONT][/COLOR][COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=black][FONT=Verdana]I ask myself these questions: "What is the condition of the coin?" "How much is the pawn shop selling it for?" "What is the Redbook value for that coin in that condition?" and "How much could I get the same coin of equal condition at a coin dealer?"[/FONT][/COLOR] [COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=black][FONT=Verdana]I watch the TV show "Pawn Stars". It, kind of, lets you see how a pawn dealer works. In one episode, one person was selling a Silver dollar with a "CC" mint mark for much less than the store wanted too because that persons eyesight was going bad. Later in the same episode, they showed another person taking the same silver dollar and throwing it in a bucket with other silver dollars, mixing it around, and dumping it on the table for the person, with the bad eyesight, to search through and find the CC dollar. That episode showed me that particular pawn shop had some idea of how much the dollar was worth, but did not to how to properly handle it. [/FONT][/COLOR] [COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=black][FONT=Verdana]If you can find the same coin at a dealer but in better condition for a little more in price, I would buy from a dealer. Do not be afraid to negotiate with the pawn shop. Chances are, they bought that coin as part of a larger set while paying as little as they could. Then they sell each coin individually for the highest price they can. That is why you should have answered all the questions I have stated above before you make your purchase. Also, don't feel that you have to buy the coin on your first visit- shop around first. If you can find the same coin, in the same condition, cheaper some place else, go back to that pawn shop and try to negotiate them to a lower price. If they will not negotiate, buy the coin from the other shop.[/FONT][/COLOR] [COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=black][FONT=Verdana]I hope that I have helped you in some way. Give us an update on what you decided. [/FONT][/COLOR] [COLOR=black][FONT=Verdana] [/FONT][/COLOR] [COLOR=black][FONT=Verdana] Matt[/FONT][/COLOR] [FONT=Times New Roman][SIZE=3] [/SIZE][/FONT][/QUOTE]
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