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<p>[QUOTE="oz_in_ohio, post: 3373552, member: 89534"]As a retired dealer i agree with you to a certain degree... However coins in general are not worth the weight they are....Only certain circumstances like the 1911s and 1912s wheat pennies hold their values because of such small issues...Those dates had little issued as the copper was used to make artillery or bullets for WW1...There was not enough copper to mint coins for the country and also shoot the enemy in war... Personally i used to buy the silver ay 70% and onsell to another part time dealer at 80%...You see i could not leave my shop ( as i was a dealer from Sept 1977 to Aug 2011 ) and i used him to earn a bit of money and he was my wheels so to speak..As for that, he earnt the other 10% and sold it at 90% of metal price.... But is a customer came into my shop, i would charge them 85% of the metal price but they had to have bought at least 2.2 LB's ( 1 kilo ) or more otherwise it was not worth it for me to liquidate...Just remember if a person wants to pick and choose from the bulk you have, dont sell it.. The same can be done with mint stamps but the amount to be earnt is way higher as the buying price most dealers pay is 50% face value or less... I have to pay about 75% as i dont have the shopfront now to get it at the bottom price, but a 25% earn is ok and better what the banks pay in intrest....OIO[/QUOTE]</p><p><br /></p>
[QUOTE="oz_in_ohio, post: 3373552, member: 89534"]As a retired dealer i agree with you to a certain degree... However coins in general are not worth the weight they are....Only certain circumstances like the 1911s and 1912s wheat pennies hold their values because of such small issues...Those dates had little issued as the copper was used to make artillery or bullets for WW1...There was not enough copper to mint coins for the country and also shoot the enemy in war... Personally i used to buy the silver ay 70% and onsell to another part time dealer at 80%...You see i could not leave my shop ( as i was a dealer from Sept 1977 to Aug 2011 ) and i used him to earn a bit of money and he was my wheels so to speak..As for that, he earnt the other 10% and sold it at 90% of metal price.... But is a customer came into my shop, i would charge them 85% of the metal price but they had to have bought at least 2.2 LB's ( 1 kilo ) or more otherwise it was not worth it for me to liquidate...Just remember if a person wants to pick and choose from the bulk you have, dont sell it.. The same can be done with mint stamps but the amount to be earnt is way higher as the buying price most dealers pay is 50% face value or less... I have to pay about 75% as i dont have the shopfront now to get it at the bottom price, but a 25% earn is ok and better what the banks pay in intrest....OIO[/QUOTE]
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Lincoln Mint Set History of the Civil War
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