Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Roll Hunting
>
look what I got for $30
>
Reply to Thread
Message:
<p>[QUOTE="Blaubart, post: 2005207, member: 37498"]My $0.02 about the bank vs. pawn shop examples.</p><p><br /></p><p>A bank deals in money, not bullion or collectibles. If I bring a silver eagle to a bank to exchange it for currency, I would expect nothing more than $1. The same thing goes for silver halves, but even more so since they were actually intended for circulation. If the teller was knowledgeable, I would consider it a kindness if they advised against such exchanges, but I wouldn't fault them if they didn't. Furthermore, a bank will take those silver coins and pass them on at face value. (Unless of course an employee spots them and pulls them out, depending of course on bank policy.)</p><p><br /></p><p>Pawn shops are not banks. I fully expect them to buy at a discount and sell for profit. I don't expect that a pawn shop would ever buy a silver coin at face value, and then turn around and let it go at face value. When they realize a customer does not know the full value of their coins (or other goods) and they knowingly make a lowball offer, they lose my respect and my business. Not that I do any business with any of the pawn shops around here anyway, I'm just sayin...[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 2005207, member: 37498"]My $0.02 about the bank vs. pawn shop examples. A bank deals in money, not bullion or collectibles. If I bring a silver eagle to a bank to exchange it for currency, I would expect nothing more than $1. The same thing goes for silver halves, but even more so since they were actually intended for circulation. If the teller was knowledgeable, I would consider it a kindness if they advised against such exchanges, but I wouldn't fault them if they didn't. Furthermore, a bank will take those silver coins and pass them on at face value. (Unless of course an employee spots them and pulls them out, depending of course on bank policy.) Pawn shops are not banks. I fully expect them to buy at a discount and sell for profit. I don't expect that a pawn shop would ever buy a silver coin at face value, and then turn around and let it go at face value. When they realize a customer does not know the full value of their coins (or other goods) and they knowingly make a lowball offer, they lose my respect and my business. Not that I do any business with any of the pawn shops around here anyway, I'm just sayin...[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Roll Hunting
>
look what I got for $30
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...