look what I got for $30

While at my local branch I asked the teller if she had any half dollars. She said a customer came in last week and gave her a couple rolls. She said she opened one and they were "pretty shiny". I told her I would but them from her. When she places the rolls on the counter and fished the loose ones out of her drawer, she said she was so happy to "get rid of them". I think my eyes almost fell out of my head when I read the date - 1964.

Once I left the bank I took a closer look and the two paper rolls and read 1964 and 1967. In all I purchased 40, 90% 1964 half dollars (one in the original wrapper), and 20 40% halfs. I haven't opened the wrapped rolls as I believe they are more valuable unopened. On the side is roughly stamped $10. The opposite end of the roll has a paper stopper. I haven't seen that before which is why I think they are original. All-in-all a good day. I only find it hard to believe that the original owner, and no one else in the bank knew what they had.

 

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Nice score! I have to ask the teller at my CU next time I go in. Lots of older folks use the same one.

 

That's a great score. Glad you got it.

 

Nice! That's epic!

 

I agree, good score, but I find it interesting people applaud when you get a good score at a bank, but call you names if you buy it while working at a pawn shop

 

Well you can't beat buying silver at 1964 prices.

I buy bullion from coin stores too. But I have never dealt with pawn shops before.

 

congrats.

PS: I hate you!

 

Do you really not see a difference between obtaining coins at face value from a bank, and offering far less than fair value to someone trying to sell a collection?

 

Because lowlifes who work at pawn shops and brag about their "accomplishments" deserve to be called names.

Chris

PS. My only suggestion to the OP is that I think he should give that nice teller a $25 gift card for some restaurant. She'll remember it if something else should come through her window.

 

Epic score. wow nice find.

 

The person who sold their coins to the pawn shop got more cash than the one who sold to the bank. I realize the pawn shop is making a lot of money, but I am sure they gave the person more than face value, and it is not like they forced the person to sell for cheap. The bank gave someone face value, so that person got ripped off more than the person who sold to the pawn shop.

 

the person who "sold" to a bank did it not knowing or caring to find out if there was any added value. The person who (actually) sells to a pawn shop, does so knowing they have something of value, albeit not WHAT value. They bring Stuff like that to a pawn shop as a defacto local bullion buyer and expect a fair deal based on the current pm prices, minus a little so the shop can sell for a little over or choose to hold.

 

Anyone who sells valuables to a pawn shop knows they are not getting full value (or even close in most places), or are clueless, like the person who sold to the bank.

 

I feel bad for the person who sold it to the bank, for sure. I hope it wasn't "grandpas" or anything. That is a fear I have with leaving my stack to my inheritors. That they would ignorantly give it to a bank for face...

But the banks, I don't feel bad for them. I know I am just a number to them.

Now I do think the teller has a hard job dealing with all the customers. But if I was a teller I would know what to look out for, that's for sure.

 

Why would a pawn shop offer any where near full value? They are a business, that's there to make money.

 

I'd imagine that most banking laws prevent the banks from paying a premium over face value for US coinage. On the other hand, there is no law which precludes a pawn shop from low-balling any customer.

Chris

 

I have no issue with the OP getting a great deal on these, and have no issue with the bank paying face for them. If they were more knowledgeable about coins, it might be nice to tell the original owner they are more valuable than face value though. I also have no problem with a pawn shop trying to get the best deal they can get. If you take coins to them, you must know they have SOME value. Do a tiny bit of research and you will have ballpark figures. It is not the pawn shops job to make sure you get max for your coins, it is YOUR job.

 

And the people going to pawn shops are going because they need fast cash. That is the service they provide.

 

Any shop I have ever been in offers a set price for bullion coin, usually derived from the daily spot price. Like, spot minus X percent. Then sell for spot plus X. The only places I've been to that operate otherwise have been placed I had no desire to buy from either. If I saw a deal go down like that I'd interrupt and tell the potential victim, because it's not a place I'd patronize and I don't expect to ever enter the shop again. I have done it before while waiting for the transaction to complete in order to see a coin. Informed the potential mark, then left proudly and followed promptly by the relieved elderly man. That kind of reputation will kill the business in the long run.