jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
Was visiting one of my coin dealer acquaintances today and was looking through the box of stuff that was going to be sent off to the refiner. I saw some Morgans and Peace dollars that had obviously been "cleaned", coin dealer says the owner took a jewelry cleaning rag to them before they were brought in to him. All of them were ruined as far as numismatic value goes, but most looked like they would have been AU at least if not improperly cleaned.
Anyway, I asked him what he thought he would get for them from the refiner, and after he told me I asked if I could pay the same amount to buy some and he said OK. I took most of them (used up all the extra cash I had) and left the few really bad ones.
I never buy US silver dollars due to the crazy high premiums, but today I was able to get these for $25 a piece, which at the time of purchase was under spot by a tiny bit.
There was some old US gold that was being sent to the refiner as well, but since I was broke after buying the silver I didn't even want to look at it because I would have wanted to buy it too.
Jim
Anyway, I asked him what he thought he would get for them from the refiner, and after he told me I asked if I could pay the same amount to buy some and he said OK. I took most of them (used up all the extra cash I had) and left the few really bad ones.
I never buy US silver dollars due to the crazy high premiums, but today I was able to get these for $25 a piece, which at the time of purchase was under spot by a tiny bit.
There was some old US gold that was being sent to the refiner as well, but since I was broke after buying the silver I didn't even want to look at it because I would have wanted to buy it too.
Jim