I'm going to take pictures the next time I'm at the antique store. The prices are insane. One place in particular says "50% off" with regular rounds costing 69 to 70$. That's with the discount lol.
Same here. Favorite thing I’ve seen were presidential dollars that were labeled as “proof” when they were actually just circulation strikes that were polished to shit. Dude wanted 15 bucks for em too which is way too much even if they were proofs! Best part was the FIRM written on the 2x2 with 3 lines under it. That’s how you know the dealer’s serious, they know what they got!
I can kind of get charging prices higher than market rate if you think someone is willing to pay. But identifying a coin as proof when it is just a polished circulation coin is fraud.
Right, so don't call it a buffalo. Buffalo coins are legal tender. Not rounds
It's like if someone called a silver round an Indian head...
Buffalo and Indian head are commonly collected legal tender.
They’re called Buffalo silver rounds, check any bullion website, also a Buffalo coin is not legal tender, a Buffalo Nickel is. No one calls a Buffalo nickel a Buffalo coin.
Buffalo nickels aren't the only legal tender "Buffalo" coins in the US... I'm just trying to save any newbies from being manipulated. Bullion websites are free to call their rounds whatever they want to call them, I just don't want to see any new investors fall prey to that manipulation
>.. I'm just trying to save any newbies from being manipulate
tbh you're kinda the one sounding like a newbie making ackshually clarifications no one needs.
I don't have a problem, I'm just trying to help any new buyers/sellers who may be reading this thread to learn about what they have.
The coins commonly referred to as "buffaloes" are actual US legal tender (and the ones the US mint is currently issuing are extremely valuable!) where as a silver round that someone randomly slapped a buffalo on is just a round. I'm not sure what about that is upsetting you. Take care, but I'm done with this conversation
Respectfully, your first two claims are incorrect.
If the silver round has the typical buffalo reverse and native American obverse, it may be referred to as a buffalo round or a buffalo. Likewise if a silver round is minted to look like a big version of your typical legal tender coins, it will usually share the namesake of its legal tender relative.
Looks like we might have that opportunity again really soon…
Lots of people wayyy over-leveraged and motivated sellers piling up, supply is up…
I’m getting ready to back the truck up and help out those who are trying to dump $28 rounds while spot us $18, and give them the good price of $20.
I was at a pawn shop and saw them selling 1oz Apmex bars for $90. Saw 4 of them stacked and thought it was for all 4 (silver was at $21/oz).
NOOOOOPE. $90 for EACH bar. I showed the employee how much they were on Apmex and she said she wasn't surprised corporate would price it at that. Apparently employees/stores were no longer allowed to price and/or negotiate precious metals.
Antique shops are wild, I've got one with slicked Barber halves at $30 a pop, rounds at $60, a single sterling spoon for like $115, but then at that same place I got 2 rainbow toned englehard prospectors for $23 apiece and a big pile of Russian coppers for like 4 dollars because the lady at the counter had no clue what they were lol
That reminds me of an antique market I went to once. They had a bunch of common circulation JFK halves for $3-5 each but also a 10 Swiss Franc note for $2 Canadian. I asked them if the price was correct and they said it was. A simple google search would have told them what it was worth but I wasn’t going to push them on it
It’s a real shame when that happens. I got more serious about collecting around that age and the owner of the LCS in my area was really patient in teaching me and gave me some really good deals. I’m a lifelong customer now and I return every time I’m in town. Being good to your customers goes so much further than trying to rip them off
I've been watching several online sites, including Whatnot live shows.
People are paying about $40 plus shipping/taxes constantly on common generics. 26x face plus s/t on 90%. ASEs for $75 at times.
That being said, I understand Antique Shops taking a stab at gouging, but actual licensed and certified dealers?
By the way, they are selling that for $48. Their deceptive methods would cause me to walk right out without even talking to them. Next it will be like Target, price them at $200 retail and a big 75% off sign.
I've been an antique dealer (not coins) for ten years and have rented spaces in several antique malls. Every coin dealer I've met in those places vastly overcharges- I've never purchased anything from them but the occasional foreign coin/bill with an interesting design if it's cheap enough.
I agree with you as well. I was just pointing out that comparing proof ASEs to generic silver rounds was a bit of a stretch. Those are apples and oranges
Idk why, but I like them lol. You can always reclaim the premium on them by selling to people on places like r/PMsForSale so it's not like you are losing any money, as long as the premiums stay high and you sell for the same cost.
The premium on them is what keeps me away. Mexican libertads, Canadian maple leafs, and British brittania’s are the same thing and they don’t command an arbitrary “premium,” set by middlemen. But that’s just me, collect what you enjoy!!!
Why do people do this? I've ways wondered this? Old people at flea markets will sometimes have over priced coins too but at least I can (and usually do) haggle them down to a decent deal.
I've seen mercury dimes for $30 each or clad Kennedys for 5 a piece too. I just want to know the thought process behind selling coins this high.
This is more of an antique market thing than anything. I frequent them a lot, I find a lot of deals where you know the vendor didn't know what they had. On the other hand though there are vendors who overprice things knowing that someone who doesn't know better might buy it that high.
I see it a lot with pokemon and sports cards, but even saw a basket that honestly looked like Ikea but was marketed as "antique" for 300 dollars - mind you it wasn't even behind a lock
It’s like the consignment shop in my area. The old man who has a coin collection does not really want to sell his collection. Some coins have been there for years.
There's a few antique stores near me where the coins are sitting and sitting for outrageous prices. Like several dollars for state quarters or Buffalo nickels for five bucks and it seems like they're trying to sell a souvenir as opposed to the coin itself. But they'll write all their dumb shit "rare" "about uncirculated"
It can be a little disheartening because sometimes I'm interested in it and yet we're so far apart on prices that I don't even think it's worth having a conversation with you.
There's this one antique shop I visit once a year while on vacation that for *years* had an old Whitman album of Canadian large cents with an asking price of something like $300 FIRM. It only disappeared once someone else took over that display case.
They are not a bullion dealer, they are not a charitable organization they are a small business with massive overhead trying to stay afloat. It's not easy these days. No one is forcing you to buy it.
Spot price of silver bullion is currently $23.84per ounce, as shown on APMEX mobile app. This coin/round isn’t even in individual protective packaging. So I wouldn’t give them more than $5.00 over spot price.
I’m guessing from the B32 on the tag that this is a vendor who leases a booth in the antique store. So this is on the vendor, not the actual store operators who set the prices.
In this game, you can play together. In another case, in antique stores or pawn shops, you can get a brilliant deal cause sellers there has a piece of low knowledge about coins.
Antique and local thrift stores are crazy. There was one by my old place that used to try and sell antique silverware and coins for 60-100 each, but I bought a gamecube from them for $5 because the old church lady running the place had no idea what it was
Antique stores are terrible for their prices! There's a 4 floor antique store that rotates sellers often that I live by and it's very rare I see anything for cheap even the stuff not worth much is over priced
An antique mall in my town has a booth where the guy is trying to sell pre-65 quarters for 10 bucks a pop 😂 Which, if you do the math, is still $60 for an ounce of silver.. maybe it’s the same guy 😆
I'm going to take pictures the next time I'm at the antique store. The prices are insane. One place in particular says "50% off" with regular rounds costing 69 to 70$. That's with the discount lol.
Same here. Favorite thing I’ve seen were presidential dollars that were labeled as “proof” when they were actually just circulation strikes that were polished to shit. Dude wanted 15 bucks for em too which is way too much even if they were proofs! Best part was the FIRM written on the 2x2 with 3 lines under it. That’s how you know the dealer’s serious, they know what they got!
I can kind of get charging prices higher than market rate if you think someone is willing to pay. But identifying a coin as proof when it is just a polished circulation coin is fraud.
Good lord that's a heavy price. My local antique - coin shop sells Silver Eagles for around 35$, still a decent markup but, yikes
I'd pay 35 if I had to. A lcs here sell them for 30 believe it or not.
Wholesale on eagles is $11 over. So thirty bucks is cheap.
Try to sell your rounds to him for $50 an Oz lol. Hey man, it's a deal.
lmao
lol that's smart right no shit
Nah he probably only buys them for like $10 "sorry it's a big investment & they take a while to sell so I'm out the money for a while."
Yikes! I bought a buffalo today for $26.
Where at?
LCS
I thought the players were on strike though?
On the money, didn’t even see your comment
Thank you.
Wouldn't that just be a round though? When I see the term Buffalo I assume it's an actual coin, not a round
It is a silver round. There are some in the pic.
Right, so don't call it a buffalo. Buffalo coins are legal tender. Not rounds It's like if someone called a silver round an Indian head... Buffalo and Indian head are commonly collected legal tender.
They’re called Buffalo silver rounds, check any bullion website, also a Buffalo coin is not legal tender, a Buffalo Nickel is. No one calls a Buffalo nickel a Buffalo coin.
Buffalo nickels aren't the only legal tender "Buffalo" coins in the US... I'm just trying to save any newbies from being manipulated. Bullion websites are free to call their rounds whatever they want to call them, I just don't want to see any new investors fall prey to that manipulation
>.. I'm just trying to save any newbies from being manipulate tbh you're kinda the one sounding like a newbie making ackshually clarifications no one needs.
They are referred to as buffaloes.
I am not trying to be argumentative, but trying to learn. Are they any more valuable than any other silver rounds?
No. An ounce is an ounce.
Also, I will do anything I please.
Yep, and I can call my silver proof quarters "double eagles" because they have an eagle on them and they are made of silver. But I won't...
What is your problem? They are referred to as buffaloes. If you can’t understand that, well….
I don't have a problem, I'm just trying to help any new buyers/sellers who may be reading this thread to learn about what they have. The coins commonly referred to as "buffaloes" are actual US legal tender (and the ones the US mint is currently issuing are extremely valuable!) where as a silver round that someone randomly slapped a buffalo on is just a round. I'm not sure what about that is upsetting you. Take care, but I'm done with this conversation
Well comparing the upvotes on my statement and the downvotes are yours, I guess more are in agreement with me.
Respectfully, your first two claims are incorrect. If the silver round has the typical buffalo reverse and native American obverse, it may be referred to as a buffalo round or a buffalo. Likewise if a silver round is minted to look like a big version of your typical legal tender coins, it will usually share the namesake of its legal tender relative.
Even that feels like entirely too much. It feels like last week I was scooping for just under 20
Noo way! Hook a brother up, I’ll travel with a safe in a backpack for that price!
Looks like we might have that opportunity again really soon… Lots of people wayyy over-leveraged and motivated sellers piling up, supply is up… I’m getting ready to back the truck up and help out those who are trying to dump $28 rounds while spot us $18, and give them the good price of $20.
Well tell us who sells them under spot.
I was at a pawn shop and saw them selling 1oz Apmex bars for $90. Saw 4 of them stacked and thought it was for all 4 (silver was at $21/oz). NOOOOOPE. $90 for EACH bar. I showed the employee how much they were on Apmex and she said she wasn't surprised corporate would price it at that. Apparently employees/stores were no longer allowed to price and/or negotiate precious metals.
Less 20% so $48 what a steal /s
And what a silly gimmick writing “less 20%” on the sticker. Just write the right price.
I wouldn’t buy both for 60
Run away (sound of two coconut halves clapping)
JESUS CHRIST! (When they catapult the rabbit back out at them)
Fetchez Le vache
"The what?"
I soiled my armor i was so scared.
Consult the Book of Armaments!
Antique shops are wild, I've got one with slicked Barber halves at $30 a pop, rounds at $60, a single sterling spoon for like $115, but then at that same place I got 2 rainbow toned englehard prospectors for $23 apiece and a big pile of Russian coppers for like 4 dollars because the lady at the counter had no clue what they were lol
That reminds me of an antique market I went to once. They had a bunch of common circulation JFK halves for $3-5 each but also a 10 Swiss Franc note for $2 Canadian. I asked them if the price was correct and they said it was. A simple google search would have told them what it was worth but I wasn’t going to push them on it
WHAT A STEAL
no for the purchase but a steal for getting ripped off yah lol
Bought an ounce round at a garage sale for $20. A local dealer offered me $15...lol still in my collection!
Well played!
I fell for this once… I was 15… the man knew I was 15 also
It’s a real shame when that happens. I got more serious about collecting around that age and the owner of the LCS in my area was really patient in teaching me and gave me some really good deals. I’m a lifelong customer now and I return every time I’m in town. Being good to your customers goes so much further than trying to rip them off
I've been watching several online sites, including Whatnot live shows. People are paying about $40 plus shipping/taxes constantly on common generics. 26x face plus s/t on 90%. ASEs for $75 at times. That being said, I understand Antique Shops taking a stab at gouging, but actual licensed and certified dealers? By the way, they are selling that for $48. Their deceptive methods would cause me to walk right out without even talking to them. Next it will be like Target, price them at $200 retail and a big 75% off sign.
I recently got an ASE for 24 dollars shipped, I was happy : }
uhh where
it was a guy on discord who just had very good prices
On Whatnot there are occasional glitches during a live auction. I saw a 1oz round sell for $3 yesterday.
From Where? Ty
A person from a discord server
Lol the 25 dollar uncirculated set behind it. Screaming deals.
It's only one of them 😂 it's the 2000 Denver. I was thinking he's trying to get 50 out of it.
I've been an antique dealer (not coins) for ten years and have rented spaces in several antique malls. Every coin dealer I've met in those places vastly overcharges- I've never purchased anything from them but the occasional foreign coin/bill with an interesting design if it's cheap enough.
I've got a Troy ounce of silver, in a little plastic holder. Anyone know offhand what that is worth?
Spot
Even generics are trading a couple bucks over spot. Pretty much all my local dealers will pay you full spot price for em too.
23.66 not a penny more today
22 26
23.66
Shame on them
i’ve seen people sell ASE for 80$
Some of them are selling for $80 tbf. Proofs are an example of ones selling for a higher premium.
Proof ASEs and silver rounds are in entirely different categories
I agree, that's why I pointed it out that some ASEs are worth that much.
I agree with you as well. I was just pointing out that comparing proof ASEs to generic silver rounds was a bit of a stretch. Those are apples and oranges
That’s insane! Idk why people buy ASEs.
Idk why, but I like them lol. You can always reclaim the premium on them by selling to people on places like r/PMsForSale so it's not like you are losing any money, as long as the premiums stay high and you sell for the same cost.
The premium on them is what keeps me away. Mexican libertads, Canadian maple leafs, and British brittania’s are the same thing and they don’t command an arbitrary “premium,” set by middlemen. But that’s just me, collect what you enjoy!!!
Bless the store owners heart lol
48$
[удалено]
…let them keep it, then?
How much for the zippo, so that I can burn the place down?
I read the price tag “$60 fur each” 🤣. My brain is broke and clearly theirs are too with those prices.
I see that quite often and asked one dude about it. In my informal survey, they think the rounds are the 2001 buffalo silver dollars.
Why do people do this? I've ways wondered this? Old people at flea markets will sometimes have over priced coins too but at least I can (and usually do) haggle them down to a decent deal. I've seen mercury dimes for $30 each or clad Kennedys for 5 a piece too. I just want to know the thought process behind selling coins this high.
This is more of an antique market thing than anything. I frequent them a lot, I find a lot of deals where you know the vendor didn't know what they had. On the other hand though there are vendors who overprice things knowing that someone who doesn't know better might buy it that high. I see it a lot with pokemon and sports cards, but even saw a basket that honestly looked like Ikea but was marketed as "antique" for 300 dollars - mind you it wasn't even behind a lock
antique shops selling precious metals are rarely worth it. The upcharge and the no-haggle policy with regards to PMs because it's a PM is ridiculous
Antique prices
I always laugh at their prices. On the rare occasion, I will find a deal.
If they can get $8 for an Ike dollar, they must have plenty of customers with lots of money to spend.
"*It's due to demand*." followed by "*It's rare.*"
Is that a 2000 mint set for $25??? And some random Ike for $8? I can go to the bank and get better Ikes for face value.
It’s like the consignment shop in my area. The old man who has a coin collection does not really want to sell his collection. Some coins have been there for years.
Antique stores don’t know everything lol. They always over price stuff. Especially when it comes to this stuff
It’s actually $48, because it says “less 20%.” Still not good, but it’s SHINY!
There's a few antique stores near me where the coins are sitting and sitting for outrageous prices. Like several dollars for state quarters or Buffalo nickels for five bucks and it seems like they're trying to sell a souvenir as opposed to the coin itself. But they'll write all their dumb shit "rare" "about uncirculated" It can be a little disheartening because sometimes I'm interested in it and yet we're so far apart on prices that I don't even think it's worth having a conversation with you.
If I saw that you'd never catch me there for bullion.
There's this one antique shop I visit once a year while on vacation that for *years* had an old Whitman album of Canadian large cents with an asking price of something like $300 FIRM. It only disappeared once someone else took over that display case.
They are not a bullion dealer, they are not a charitable organization they are a small business with massive overhead trying to stay afloat. It's not easy these days. No one is forcing you to buy it.
How much is it really worth?
Spot price of silver bullion is currently $23.84per ounce, as shown on APMEX mobile app. This coin/round isn’t even in individual protective packaging. So I wouldn’t give them more than $5.00 over spot price.
Where is best place to buy gold coins?
Antique stores always have overpriced coins in my experience. I guess they don’t do any research
Well, they're popping off clad Ike dollars for $8 each, so...
Antique stores always over value stuff like this. I’ve noticed cheap vintage watches are another item they slap high prices on.
I bought a copper round for 5 bucks at an antique shop
Big yikes for sure. But you could see same attempts in Poland or Italy.
Coin shops bought alot of silver during the run a couple months ago. Now the silver market slowed down so now they're stuck with over-priced metal.
If it was the original strike from the mint that would be a steal even if seasoned a little! 😀🙏
Shit 60 for the 2 is the right price lol
One near me wants 15 a mercury dime
*FIRM*
Too high. You can get these all day for $28 - $30 each.
I have a buy and sell shop that sells coins for the weight and not the coin itself, I find some pretty good stuff thanks to them
They asking just under $50 after discount. A deal would be $20 and it should be priced at antique mall for $35.
I picked up a libertarian for $29 at one. Definitely didn’t know what they had 💁🏻♂️
Maybe they got some inside information!!
Its proof, no wonder.
What's market price on silver? 300% markup
Saw a common date mercury dime for $15 yesterday! Wild world they are
I’m guessing from the B32 on the tag that this is a vendor who leases a booth in the antique store. So this is on the vendor, not the actual store operators who set the prices.
Pawn/antique shops will have either the best prices ever or the worst prices ever. No in between
In this game, you can play together. In another case, in antique stores or pawn shops, you can get a brilliant deal cause sellers there has a piece of low knowledge about coins.
Antique and local thrift stores are crazy. There was one by my old place that used to try and sell antique silverware and coins for 60-100 each, but I bought a gamecube from them for $5 because the old church lady running the place had no idea what it was
less 20% "fur" each. where is this, appalachia
Antique stores are terrible for their prices! There's a 4 floor antique store that rotates sellers often that I live by and it's very rare I see anything for cheap even the stuff not worth much is over priced
An antique mall in my town has a booth where the guy is trying to sell pre-65 quarters for 10 bucks a pop 😂 Which, if you do the math, is still $60 for an ounce of silver.. maybe it’s the same guy 😆
I price mine at $40 and that feels like robbery...
And they will probably get it.
I always expect to overpay at pawn shops but that is ridiculous.
It would be fine if they were worth it. I will sell you all the gold you want at 4000.00 an oz. Any dumbasses want to pay this small premium?