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First Visit to a Coin Shop. Did I buy a cleaned coin?
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<p>[QUOTE="Michael K, post: 3472150, member: 78298"]If it wasn't cleaned, $10 is a fair price.</p><p>And, it probably wasn't recently cleaned. That coin was probably cleaned</p><p>50 years ago.</p><p>Looking at it from the sellers side, he's not getting rich selling a $10 coin.</p><p>He probably has large customers who buy thousand dollar coins.</p><p>One time I went into my old LCS and a Native American artisan was buying a TON of Morgans and Peace dollars, either to use the coins in jewelry, or just for the silver,</p><p>but this was a large transaction for thousands of dollars. Of course these types of customers were his bread and butter, but I was treated fairly there</p><p>and I bought and sold a number of things. I was sad when he closed up. (There are other shops here but I don't go.) Long before EBay was even big I asked him about large bills.</p><p>He was saying how all the large bills ($500 and $1000) were on EBay and I guess the online competition was too much for his overhead.[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 3472150, member: 78298"]If it wasn't cleaned, $10 is a fair price. And, it probably wasn't recently cleaned. That coin was probably cleaned 50 years ago. Looking at it from the sellers side, he's not getting rich selling a $10 coin. He probably has large customers who buy thousand dollar coins. One time I went into my old LCS and a Native American artisan was buying a TON of Morgans and Peace dollars, either to use the coins in jewelry, or just for the silver, but this was a large transaction for thousands of dollars. Of course these types of customers were his bread and butter, but I was treated fairly there and I bought and sold a number of things. I was sad when he closed up. (There are other shops here but I don't go.) Long before EBay was even big I asked him about large bills. He was saying how all the large bills ($500 and $1000) were on EBay and I guess the online competition was too much for his overhead.[/QUOTE]
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First Visit to a Coin Shop. Did I buy a cleaned coin?
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