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Score at pawn shop

PostPosted: Thu Apr 21, 2011 3:57 pm
by mark8925
Stopped by the local pawn shop at lunch today. I was able to pick up a 1/20 gold panda for $75.50 and and a 1883 morgan silver dollar for $36.00. I ask about their buy and sell policy on gold and silver. They buy at 10% below spot and sell at spot. I thought the fractional gold at spot is a good deal. I will have to check in more often. :D

Re: Score at pawn shop

PostPosted: Thu Apr 21, 2011 4:04 pm
by AGCoinHunter
I have bought from pawn shops before. Usually junk 90% they dont move very often. Usually can talk them down 8-10% below spot if I get a big enough lot.

Re: Score at pawn shop

PostPosted: Thu Apr 21, 2011 8:24 pm
by fusscharles
They are bulling ya! Heck, I pay 15% under spot on CL, and I am killing the local competition (pawn and coins shops).....

Re: Score at pawn shop

PostPosted: Fri Apr 22, 2011 7:39 am
by Heartkill
Local gold and silver guy has coins in his shop and gives me a 5-10% discount on spot. My wife bought several 90% quarters there on Wednesday for $5 each!

He has a 1905 gold liberty $2.50 that he said he'll do $190 on, which was pretty much melt value. I think I'll go pick that up this afternoon.

Re: Score at pawn shop

PostPosted: Fri Apr 22, 2011 8:12 am
by fusscharles
shinnosuke, I tried to PM you, but it keeps getting stuck in my outbox... let me know if you get my message

Re: Score at pawn shop

PostPosted: Fri Apr 22, 2011 8:16 am
by IdahoCopper
Today there's an ad on the local craigslist, selling 2009 ASEs at spot.
http://twinfalls.craigslist.org/clt/2339904254.html

Re: Score at pawn shop

PostPosted: Fri Apr 22, 2011 9:38 pm
by mr18
on CL i hit or miss, sometimes i buy at spot, most time i buy 15-25% under spot. it all depends on timing, just like on our BUY IT NOW section. what i have noticed in my area is alot of coin shops selling their inventory on CL, they want 15% over spot, stating that no one sells at spot, they cant even buy at spot. what a bunch of bologna.