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LPS (local pawn shop) comes through again...
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<p>[QUOTE="-jeffB, post: 2740172, member: 27832"]They definitely don't understand about cleaned coins, and they appear to think that soldering a ring onto a gold coin or putting it in a bezel <i>adds</i> value to it. They often label half eagles as "1/4 oz US gold coin". I try to explain to the sales reps about cleaned or damaged coins when I talk to them, but I imagine they just think I'm trying to talk them down on price. They did recognize a $3 gold piece as a rarity, although it was harshly cleaned and/or mounted (I don't remember exactly) -- they priced it at $900, and it was only there a few days before they either sold it or took it off display.</p><p><br /></p><p>They tend to price silver dimes around $2. They had 1964 Kennedys at $11.88 and a 1967 Kennedy at $2.88 (as of yesterday). Common worn Morgans are $22.88, and "shiny" ones are maybe $24-25. They do look for CC mint marks. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p><br /></p><p>In a fairly large store with a hundred feet or more of jewelry/electronics display counters (in addition to all the floor shelving, gun room, musical instruments hanging on walls, etc.), they've got one 3-foot cabinet for coins and even less for gold coins (usually less than a dozen items in the gold display on any given day).</p><p><br /></p><p>It's safe to say coins are <i>not</i> a main line of business for them.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2740172, member: 27832"]They definitely don't understand about cleaned coins, and they appear to think that soldering a ring onto a gold coin or putting it in a bezel [I]adds[/I] value to it. They often label half eagles as "1/4 oz US gold coin". I try to explain to the sales reps about cleaned or damaged coins when I talk to them, but I imagine they just think I'm trying to talk them down on price. They did recognize a $3 gold piece as a rarity, although it was harshly cleaned and/or mounted (I don't remember exactly) -- they priced it at $900, and it was only there a few days before they either sold it or took it off display. They tend to price silver dimes around $2. They had 1964 Kennedys at $11.88 and a 1967 Kennedy at $2.88 (as of yesterday). Common worn Morgans are $22.88, and "shiny" ones are maybe $24-25. They do look for CC mint marks. :rolleyes: In a fairly large store with a hundred feet or more of jewelry/electronics display counters (in addition to all the floor shelving, gun room, musical instruments hanging on walls, etc.), they've got one 3-foot cabinet for coins and even less for gold coins (usually less than a dozen items in the gold display on any given day). It's safe to say coins are [I]not[/I] a main line of business for them.[/QUOTE]
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LPS (local pawn shop) comes through again...
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