I've got $65

I would rather have the history with a coin compared to a round, and I'm willing to pay over melt to get that, just not ALOT over melt. I think it would be easier to sell a US coin compared to a round as well, I really hope it doesn't come down to that though.
HOTN

 

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yeah i know, but all of them are about 40 to 60 minutres away from me, im near atlantic city. thanks for info

 

Oh ok, i didnt realize you were from south jersey. You may have to take a ride to Philadelphia one day. im sure there are dealers there.

 

Did you end up buying anything?

I'm late to the game - but if you don't have morgans or peace dollars yet - thats what I would buy. I'd buy common date circulated coins that you can get right at melt. You're buying them for the silver - you can toss them around in your hands without worrying and you'll be able to sell them easily enough if you decide to.

 

Yacorie,
I did not get them yet. I took half a day last week to CRH and go buy the coins. Well wouldn't you know, the fuel pump on my wifes car went and she was stranded. So I saved her and got the car towed to my buddies place. I drove around that afternoon buying fuel pump and filter and carted my wife around rather than CRHing and buying my coins which I was so looking forward to. Rather than spending $65 on coins, I spent $220 fixing the car. Which was really a good deal BTW and I was happy it was not something more expensive.

This Friday, I'm putting the $65 away and going to get my coins on Saturday. I'm leaning towards the Peace and Morgans for somewhere around melt so I can get at least two of them. Like you said, something common so I won't be worried about ruining any numismatic value they might have.
HOTN

 

Good luck! Be sure to let us know what you buy

 

I'll post images on Monday when I get to my PC but here is a list of what I got.
1921 peace dollar about good to good condition $30
1921 Morgan nice condition $30
HOTN

 

A coin shop i visit sells Morgan's and peace dollars for 30 each. Seems like that's the going rate. I wanted to get one so bad but I wasnt sure if the price was fair. Now I wish I bought some. Good finds though. Look forward to seeing the pics.

 

This is what I got for $60

I was picking through a small box of silver dollars this jewler in town and found this 1921 Peace Dollar. It was the only one in a airtite case as shown. I know it's worn but I knew it was a key date and I figured since it was only $30 I would pick it up in case it holds an extra value.

There was a 1884 Morgan and the 1921. I chose the 1921 since it was the last year those were made and it appears to be in good shape. I'm no good at grading because I just don't have any experience.

I'm happy with my purchases and got two big chunks of silver for $60. Let me know what you all think.



HOTN

 

IMHO you did well. A '21 peace dollar is a good pick up.

 

A key Peace Dollar for $30, I figured I had to do it. Do you think it is worth more than $30 or it too worn?
HOTN

 

I think I saw a 1928 in there too, but I can't remember. I'm going to go back to check it out. If it has no MM that is another key correct?
HOTN

 

Yes and yes. Go back asap, because if you can get a 28 for $30 you'll be way ahead. My local coin shop has a 28 in AG/G for $120.

 

Yup.

(sorry, my reply must have gotten stuck).

Buying any '21 peace for $30 is a good deal, IMHO. Sheet is $100 in VG.

 

Both appear cleaned.

 

I'm guessing the 28 will end up being a 23 - sometimes have to do a double take when I see them in the bins

 

How can you tell? Just wondering. I know little about numismatics, trying to learn. The more knowledge I have when going to make a purchase the better off I'll be.
Thx
HOTN

 

I'll be going back to see this weekend and will update.
HOTN

 

They have that dull, lifeless look. Honestly, you overpaid for the '21, it's a common coin and cleaned to boot... I wouldn't have paid a cent over spot. The '21 has unnatural color for the amount of wear on that coin... but I would have paid $30 for it. I like that purchase. You're not gonna get problem-free '21's for $30.

As far as identifying cleaned coins, it's just something that comes with time and practice. A higher-end coin, AU or better, will still have some of that cartwheel luster left... if you don't know what cartwheel luster looks like, grab a BU half and roll it back and forth in the light... The following video is a good example of what cartwheel luster looks like on a BU coin.

[video=youtube;BXfY1XXipbg]http://www.youtube.com/watch?v=BXfY1XXipbg[/video]

Here's a little tutorial on how to identify cleaned coins...it's pretty helpful.

[video=youtube;eOktXkO-TSc]http://www.youtube.com/watch?v=eOktXkO-TSc[/video]

 

For the Morgan I agree, but not for the peace dollar. Even cleaned that would normally cost more that $30. Even the Morgan would normally go in the 25-30$ range, so it wasn't that bad. For comparison, APMEX sells cull dollars for 28$ if bought singularly.

I think you did well.