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A Story from a Pawn Dealer

PostPosted: Tue Jun 13, 2023 10:21 pm
by Recyclersteve
I was at the bank getting half dollars and the guy in the next line told me he had a BUNCH of them about three months ago, but sold them quickly.

He said he had over 2,000 halves and all were 1964 and earlier. He says he paid $4-5 each for them and promptly sold the lot for $10-11 each. Assuming a profit of $6 per coin (average), that’s a profit of about $12k. And then he told me he got them from a sister pawn shop as they didn’t know what to do with them!

I’m STILL DROOLING!

Re: A Story from a Pawn Dealer

PostPosted: Wed Jun 14, 2023 10:05 am
by pmbug
If something sounds too good to be true... I wonder how many of the coins were fakes....

Re: A Story from a Pawn Dealer

PostPosted: Mon Jun 19, 2023 3:24 pm
by Recyclersteve
If he sold them to a dealer already, I’d think the dealer would have been sharp enough to check for fakes.

Re: A Story from a Pawn Dealer

PostPosted: Mon Jun 19, 2023 8:11 pm
by Cu Penny Hoarder
pmbug wrote:If something sounds too good to be true... I wonder how many of the coins were fakes....


I generally agree with that, but some ppl don't know what they have... OR... they're just in a desperate situation and need cash.