Jewelry Store Junk Silver Pile Below Spot!

Discussion in 'Coin Chat' started by Mkm5, Mar 1, 2021.

  1. Mkm5

    Mkm5 Well-Known Member

    Hit up the local jeweler and picked up a few goodies today. Should be fun to search!

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  3. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Dang, I do love scoring piles below spot. And that one looks sweet!
     
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  4. potty dollar 1878

    potty dollar 1878 Florida girls have to love walking there sharks.

    nice I haven't seen under spot junk silver more like ×2 above spot.
     
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  5. Mkm5

    Mkm5 Well-Known Member

    He had a pile of Morgan and Peace dollars I almost got, but he decided to hold on to them for now. 20x face for the rest that I got.
     
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  6. CoinJockey73

    CoinJockey73 Here comes trouble... Dealer

    So you walk into you local jewelry store, and they've got that for sale?!
     
  7. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I have picked up some of my better gold coins at jewelry and also at jewelry repair shops.
     
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  8. Mkm5

    Mkm5 Well-Known Member

    Have to ask for them. He has them in a tray in the back for melt.
     
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  9. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    This one came from a jewelry store at Valetines time last year. I was looking for earrings for my wife and mentioned to the fellow that I buy classic US coins. He immediately pulled this out from under the counter and I bought it below spot.

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  10. potty dollar 1878

    potty dollar 1878 Florida girls have to love walking there sharks.

    Nice is it a quarter eagle?
     
  11. Mkm5

    Mkm5 Well-Known Member

    Nice!
     
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  12. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Half eagle
     
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  13. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    This is the deal...... Places like jewelry shops typically won't turn away precious metals and often don't want to melt classic coins. But they are like any other business and can't keep their cash tied up. Always ask!
     
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  14. scottishmoney

    scottishmoney Unwell Unknown Unmembered Supporter

    Not so much for silver unless it is .999 fine, but with gold they can melt it and use it for jewelry - it is a known fineness that they can alloy back and forth depending on what karat they prefer. I know that for a fact because my wife's wedding ring is made from a $5 I supplied to the jeweler.
     
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  15. furryfrog02

    furryfrog02 Well-Known Member

    Perhaps I need to start sniffing around jewelry stores haha.
     
  16. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I would check out jewelry stores before I set out to plunder pawn shops!
     
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  17. Mkm5

    Mkm5 Well-Known Member

  18. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Scoring Barbers in junk silver is a big plus!
     
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  19. Mkm5

    Mkm5 Well-Known Member

  20. CoinJockey73

    CoinJockey73 Here comes trouble... Dealer

  21. Mkm5

    Mkm5 Well-Known Member

    Not at all; $600 for $30 face.
     
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