Adventures of a silver market profiteer, part II (Also known as: How to score big on the PM crowd)

3 posts
So you guys may or may not remember my adventure at a coin show last month where I was able to purchase a near-MS 1923 Danzig 1 Gulden coin from a melt-value dealer for $2.00.  (See that here: https://en.numista.com/forum/topic5634.html)

This month -- today, in fact -- I hit it big.  I visited a local "flea market", where a reputable dealer has a booth.  This dealer kindly showed me his book of foreign silver.  Although I was expecting inflated prices, the flips didn't have an actual price on them, just an ASW value.  

So, I began to flip through, and found a few coins I wanted prices on, being:

1922 50 Kopeks (RSFSR) -- between XF and AU
1874F German Empire Mark -- between XF and AU
1885 Swiss 5 Rappen -- UNCIRCULATED
1876 Swiss Franc -- VF to XF
1877 Swiss Franc -- VF to XF.

Expecting to be told I'd chosen at least $100 worth of coins, I braced for impact.  Instead, I was told $14.00 total based on their estimate of silver value!  The coins I bought, in a conservative estimate (VF across the board) are worth $92.00.  Based on their condition, however, I'm certain I got over $150.00 worth of coins for one-tenth the value.

To thank the guy without letting him onto my joy, I bought a few other items, but spent $35.00 total.

So I guess the lesson is (and the bright spot) that there are deals to be made.  The silver market and the focus on melt value makes most dealers that I meet even forget about numismatic value.  Now, I'm not going to be selling any of these because they're central to what I collect; I will rest easy, though, knowing that for times I've gotten ripped off because of melt value, I can finally strike back!
:8D  wow!!! good deal tewcd !!!  :wiz:
james
Not only is this satisfying, good for your bank balance and collection, you have ensured that these coins will still be available to the next generation of collectors.

Well done Sir, I'm off to open a Peroni in yer honour.
Non illegitimis carborundum est.  Excellent advice for all coins.
Make Numismatics Great Again!  

» Forum policy

Used time zone is UTC+2:00.
Current time is 14:33.