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buying foreign currency - need advice
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<p>[QUOTE="wacky1980, post: 1277742, member: 32383"]today at the bank, i was given the opportunity to purchase a small bunch of foreign currency from a customer. included in the lot was:</p><p><br /></p><p>1 - 1963 canadian dollar</p><p>6 - pre-1967 canadian quarters</p><p>3 - pre 1967 canadian dimes</p><p>1 - 1918 us-minted filipinas one centavo</p><p>1 - 1954 canada $1 bill</p><p>1 - 1954 canada $2 bill</p><p>and a bunch of other random coin from canada and mexico</p><p><br /></p><p>i figured up the melt value of the silver to about $50, and the lot holds about $15 face value altogether. i had considered offering $20 for the lot. my question is, to someone that sees no value in the old coin, is $20 too high an offer? too low? i have doubts that the seller has any knowledge of the value, and he also has no desire to keep any of the coin. i bought two silver canadian quarters and 7 non-silver ikes off the same guy yesterday for $8, and he came back today with the rest of his "old junk". i don't want to insult the guy, but i doubt that any offer above face value will be refused.</p><p><br /></p><p>thoughts?[/QUOTE]</p><p><br /></p>
[QUOTE="wacky1980, post: 1277742, member: 32383"]today at the bank, i was given the opportunity to purchase a small bunch of foreign currency from a customer. included in the lot was: 1 - 1963 canadian dollar 6 - pre-1967 canadian quarters 3 - pre 1967 canadian dimes 1 - 1918 us-minted filipinas one centavo 1 - 1954 canada $1 bill 1 - 1954 canada $2 bill and a bunch of other random coin from canada and mexico i figured up the melt value of the silver to about $50, and the lot holds about $15 face value altogether. i had considered offering $20 for the lot. my question is, to someone that sees no value in the old coin, is $20 too high an offer? too low? i have doubts that the seller has any knowledge of the value, and he also has no desire to keep any of the coin. i bought two silver canadian quarters and 7 non-silver ikes off the same guy yesterday for $8, and he came back today with the rest of his "old junk". i don't want to insult the guy, but i doubt that any offer above face value will be refused. thoughts?[/QUOTE]
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