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Tried to sell silver to LCS today...bad to worse news
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<p>[QUOTE="Spark1951, post: 5248243, member: 90692"]Took eleven items to my LCS today, here are the results:</p><p><br /></p><p>6 of the items needed verification that they were silver but they would not do it as they had no interest. So I get to do it myself. 2 of these were a. gold-plated 1 oz copper bar and b. nickel-plated brass. The other 3 were casino metal rounds circa 1990. I read that casinos stopped using silver in slot machine tokens in 1964, but none of these are magnetic leading me to believe they could be silver. More to come on this.</p><p><br /></p><p>1948 Mexico 2 1/2 peso gold piece: Not Interested.</p><p>1968 Mexico Olympics type 2 one oz silver: Not interested.</p><p>2018 MS70 Silver Kruggerand (encapsulated): “Too hard to authenticate”, Not interested.</p><p>1923 Peace dollar, many defects and XF wear: SOLD FOR $1 UNDER MELT ( $17 dollars ).</p><p>20 silver Washington quarters, all G4-F12, 1940 to 1962...melt value $86. Numis. value $151. Said I would accept $120, was told they would only buy “under melt”. Declined to sell.</p><p><br /></p><p><i><b>This </b></i>is the uphill climb we face trying to liquidate our collections. We almost <i><b>never</b></i> realize true numismatic value and get taken for a ride when we capitulate and sell for melt. I honestly thought there would be more interest...now a much larger portion of my collection will be gifted to family...sooner than later...imo...Spark[/QUOTE]</p><p><br /></p>
[QUOTE="Spark1951, post: 5248243, member: 90692"]Took eleven items to my LCS today, here are the results: 6 of the items needed verification that they were silver but they would not do it as they had no interest. So I get to do it myself. 2 of these were a. gold-plated 1 oz copper bar and b. nickel-plated brass. The other 3 were casino metal rounds circa 1990. I read that casinos stopped using silver in slot machine tokens in 1964, but none of these are magnetic leading me to believe they could be silver. More to come on this. 1948 Mexico 2 1/2 peso gold piece: Not Interested. 1968 Mexico Olympics type 2 one oz silver: Not interested. 2018 MS70 Silver Kruggerand (encapsulated): “Too hard to authenticate”, Not interested. 1923 Peace dollar, many defects and XF wear: SOLD FOR $1 UNDER MELT ( $17 dollars ). 20 silver Washington quarters, all G4-F12, 1940 to 1962...melt value $86. Numis. value $151. Said I would accept $120, was told they would only buy “under melt”. Declined to sell. [I][B]This [/B][/I]is the uphill climb we face trying to liquidate our collections. We almost [I][B]never[/B][/I] realize true numismatic value and get taken for a ride when we capitulate and sell for melt. I honestly thought there would be more interest...now a much larger portion of my collection will be gifted to family...sooner than later...imo...Spark[/QUOTE]
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Tried to sell silver to LCS today...bad to worse news
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