DannyBoy
Veteran Member
Just a heads up...
So, I had been thinking for the last week or so, that I needed to make a trip to my favorite coin shop in the STL area... very large shop, always have whatever you might want to buy, from junk to rounds to Eagles or to just numismatic coins... and you have to understand, this is not just a little pawn shop or corner coin shop... these guys on any given day do 10's of thousands of dollars in jewelry and coins. https://www.scoins.com/ They run auctions for the major stuff often. They normally have 6 or 8 people working behind the counter. They normally stock multiple bags of Junk, or can order it in for a couple day delivery.
I had thought that I should take advantage of the low price Silver right now, and pick up some Silver Eagles. I just sold a car, and had a little cash. So I ran over there, yesterday (Friday) at lunch... walked in (very nice new location) and stood in line for a couple minutes, finally got my chance to talk to a salesman... Told him I wanted to buy some Silver Eagles. He said "well, come over to this counter... I have 68 of them left." I thought he meant, under the counter top. No, what he meant was, that was how many Silver Eagles he had in the store. I asked for a couple of 2012, 2013, 2014 (works great for new grand kid family commemoratives). He said, "Oh, sure I have a few older years left." He looked and said, "Oh, sorry, only have two 2012's left..."
Then I said, what about Junk, I was also maybe thinking about getting some 50 cent pieces... He said, "Oh sorry, that guy over to your right is buying the last of them." And yeah, the manager was stacking up 1/2 dollars, which looked really crappy (stained and tarnished), in front of this guy. So I said "you got nothing?" He said, "we have so much on order, you would not believe it... what is under the counter top is what we have in the store." He did have some of those Canadian commemorative rounds, have various animals on them. I would say he had maybe 100 left. I am sure that was gone by the close of business.
I bought more than half of his Eagles, and some of the Canadian silver... but forget about any junk. My guy said the only way to get it right now, is to call ahead and see what has come in. He said basically that Silver is going out the door as fast as it comes in. The guy behind me was after silver bars, and he left empty handed.
It was just kind of weird... My sales guy said sheepishly they have upped their Eagle mark-up by 40 cents because silver is so low. I kind of thought that was actually pretty neighborly of them!
surprised it was not much more!
Anyway, if you thought you could lay back and pick up some of this cheap silver at your leisure, think again... If you want some now at these prices, you will have to work at it! It sounded like I got lucky to be able to get what I did!
Dan
So, I had been thinking for the last week or so, that I needed to make a trip to my favorite coin shop in the STL area... very large shop, always have whatever you might want to buy, from junk to rounds to Eagles or to just numismatic coins... and you have to understand, this is not just a little pawn shop or corner coin shop... these guys on any given day do 10's of thousands of dollars in jewelry and coins. https://www.scoins.com/ They run auctions for the major stuff often. They normally have 6 or 8 people working behind the counter. They normally stock multiple bags of Junk, or can order it in for a couple day delivery.
I had thought that I should take advantage of the low price Silver right now, and pick up some Silver Eagles. I just sold a car, and had a little cash. So I ran over there, yesterday (Friday) at lunch... walked in (very nice new location) and stood in line for a couple minutes, finally got my chance to talk to a salesman... Told him I wanted to buy some Silver Eagles. He said "well, come over to this counter... I have 68 of them left." I thought he meant, under the counter top. No, what he meant was, that was how many Silver Eagles he had in the store. I asked for a couple of 2012, 2013, 2014 (works great for new grand kid family commemoratives). He said, "Oh, sure I have a few older years left." He looked and said, "Oh, sorry, only have two 2012's left..."
Then I said, what about Junk, I was also maybe thinking about getting some 50 cent pieces... He said, "Oh sorry, that guy over to your right is buying the last of them." And yeah, the manager was stacking up 1/2 dollars, which looked really crappy (stained and tarnished), in front of this guy. So I said "you got nothing?" He said, "we have so much on order, you would not believe it... what is under the counter top is what we have in the store." He did have some of those Canadian commemorative rounds, have various animals on them. I would say he had maybe 100 left. I am sure that was gone by the close of business.
I bought more than half of his Eagles, and some of the Canadian silver... but forget about any junk. My guy said the only way to get it right now, is to call ahead and see what has come in. He said basically that Silver is going out the door as fast as it comes in. The guy behind me was after silver bars, and he left empty handed.
It was just kind of weird... My sales guy said sheepishly they have upped their Eagle mark-up by 40 cents because silver is so low. I kind of thought that was actually pretty neighborly of them!
surprised it was not much more!Anyway, if you thought you could lay back and pick up some of this cheap silver at your leisure, think again... If you want some now at these prices, you will have to work at it! It sounded like I got lucky to be able to get what I did!
Dan
) Actually it looked like they did have 100 oz bars at my shop. But like I said above, had no mint mark.