Offer for Peace & Morgan

[Dozer D]

A fella who works for my son knows I hunt coins, and brought me a '63 quarter. I gave him 8-times face (or $2) for it. Just the other day he brings me a small plastic bag with an array of mixed coins. In it: 1-Merc, 1-Peace$, 1-Morgan$, and a mixture of odds & ends. I'm going to offer 8-times for the Merc,and 9-times face for the two silver dollars. I'm sure he'll take the cash. All coins are well worn. Comments- good or bad.

 

Amazon Forum Fav 👍

Minelab PRO-FIND 35 Waterproof Pinpointer Metal Detector for Experts with Tone ID & Adjustable Sensitivity - Grab it through Amazon!

[Chizzy]

Just a precautionary comment.......
Are you sure of the origin of the coins? Surely, your son has taken the time to properly vet his employees, but..........please be sure/careful. Otherwise, your offer is fair (imho).

 

[sugarcreek]

I would love that kind of deal. Go for it. A quick check of EBAY will tell you "go for it". You are buying about 25% UNDER SPOT.

 

[sugarcreek]

Just a precautionary comment.......
Are you sure of the origin of the coins? Surely, your son has taken the time to properly vet his employees, but..........please be sure/careful.

.......GOOD POINT HERE!

 

[Oquario79]

I would love that kind of deal. Go for it. A quick check of EBAY will tell you "go for it". You are buying about 25% UNDER SPOT.

Yes I second this notion..

 

[stefen]

I learned over the years to separate business with family and friends...

It can bite you on the butt when you least expect...

And that especially includes loans...

 

[DeepseekerADS]

I learned over the years to separate business with family and friends...

You are absolutely right on that one! Anger and distrust can haunt you for a lifetime.

 

[BuffaloBoy]

common date circulated morgan/peace dollars are easily going for $20+, maybe sweeten up the the deal and offer him $10 for the silver dollars. They always carry a premium over spot, you won't lose out at that price.

 

[Owassokie]

Just keep in mind that today's fakes can easily be purchased online and they are disgustingly good. I'm not saying the guy would buy fakes to sell you but that doesn't mean they aren't fakes. My guess is most of us have some fakes and don't even know it.

 

[Dozer D]

With the two silver $, 40% half, Merc, plus odds & ends (face value only), and mixed foreign; I gave him $

 

[Dozer D]

With the two silver $, 40% half, Merc, plus odds & ends (face value only), and mixed foreign; I gave him $

I gave him a total of $27, but he said "make it only $25 even", I still gave him $27., the two big silver$ both weigh in correctly.

 

[CC-Hunter]

8 or 9 times face is an awesome deal. It's just me, but when dealing with someone who doesn't know much about coins I tell them what they are worth, what dealers would pay for them, etc and then tell them what I am willing to pay. Especially with neighbors, friends and family, I don't someone later telling folks that I took advantage of them.

 

[Rocsteddie]

Just keep in mind that today's fakes can easily be purchased online and they are disgustingly good. I'm not saying the guy would buy fakes to sell you but that doesn't mean they aren't fakes. My guess is most of us have some fakes and don't even know it.

Magnet test every one. I test any and all silver. If its steel then no deal. IMO. PS: I would ask where and how coins were collected. Hopefully its all good stuff and a sweet deal.