I have had bad experiences at pawn shops with coins. I guess I don't see your dilemma here. Just the same, it’s senseless to accept $10.00 for a $100.00 coin when all you had to do is take 5 seconds to look up some info on the Internet beforehand. Most silver coins contain 90% silver. Other shops will just toss how much you ask for on the counter and you can take it or leave it. Half dollars from 1965 – 1970 contain 40% silver. Sell Silver Coins, Bars or Rounds; Sell Sterling Silver; Sell Broken and Scrap . US coins minted prior to 1965 contain 90% silver except pennies, nickels and of course, gold coins; not to mention an odd few others such as 2 cent pieces and 3 cent nickels. A: Yes! After you read this article use our site to manage your coin collection. etc. It could pay the mortgage. Don't expect to get much money for it though, unless in absolute perfect condition it sells for silver melt, retail about $2, so even the most reputable coin shop will only pay you $1.50-1.75 for … Moreover, Gold and Silver Pawn Shop has become a tourist destination in its own right, with fans of the show flocking there to buy, sell, and occasionally just to see what’s going on inside. Please click "OK" to Accept Cookies to continue to use the site. In the end it was to much work for one man so I gave it up but for stores with a couple employees who order 8-10 boxes each year. Most cities have pawn shops, making them a popular choice for selling silver. Use our free calculators to get the current scrap or melt value of gold, silver, sterling silverware, platinum or palladium. 0 0. To calculate a coin's base price, or silver value, you need to know how many ounces of the precious metal it contains. Pawn shops are great because you get paid on the spot, but you won't get a good price for your silver unless it's super valuable. If you have quality items, such as sterling jewelry, firearms, or a nice watch, visiting a pawn shop could be the right choice for you. Heavily circulated common date IHCs at $8 or $10 each, and Liberty Walking half dollars for $20 each. Investors buy them to hedge against inflation, and their investments paid off at the start of the 21st century due to rapid increases in the value of silver. Available on Amazon-Please Click the Picture to Check the Price If You Like it Pawnshop jewelry prices vary widely and depend on certain factors, such as weight, karat, the availability of the market, and the pawn shop’s discretion. Your all set if you have silver with high numismatic value (like one of these Top 10 silver coins to buy). Price the gold and silver at a coin shop, then go to the pawn shop. The pawn shops would pay apx half of that. “Greg at Seacoast Coin & Jewelry is honest, fair, and knows coin values like the back of his hand. How much do pawn shops pay for GOLD. I owned pawn stores for 35 years, now I own a gold buying store. Modern commemoratives, I'm assuming US commems, are common and slow moving don't be surprised if you are offered melt value. If you just walk in and ask a coin dealer how much they’ll give you for your coin, they could end up giving you $5.00 for a coin that’s worth $100.00 — and you wouldn’t know the difference. How much do pawn shops pay for gold? Selling the FS70's pretty much paid for the box/grading and the rest was gravy. Every pawn and gold buying store in your area will offer a different amount for your gold. And pawn shops can be a little sketchy. Silver: Some pawn shops will buy silver, whether it’s sterling silver jewelry or silver coins. At the local pawn shop, common date cleaned/damaged/worn Morgans are for sale at $35. A local coin shop will almost always pay more – usually MUCH more – for your coins and gold or silver jewelry than the other places. How to sell silver coins. For most circulated silver, multiply 0.715 x face value to get ounces. We’ve also listed alternatives to selling your gold jewelry to a pawn shop, including selling gold jewelry online. Buying silver coins individually you will be paying the most for a single silver coin, as a lot of labor & skill go into the making the coin from mining the metal to striking. Then you can compare its silver value with a coin dealer's price to know how much of a premium you would pay for the coin. First things first you need to find out how much your coins are worth. The same is true at estate sales or garage sales. Use this online pawn calculator to find out how much you can get for your jewelry, tools, phone and tablets, sports accessories, TV and audio equipment, computers, cameras, electronics, video games, music, household and other items. Once again slabbed 69's or 70's may do better. Q: Do you take jewelry on consignment? If someone comes to my company to sell us 20 Krugerrands, 10 Gold Maple Leafs, $500.00 face value of US 90% Silver Coin, and 700 ounces of pure Silver Ingots, we don’t need to submit any paperwork to the IRS. Just one example: I had a pair of heavy sterling–silver earrings.. AT A PRICE BASED ON THEIR FUCKING WEIGHT, NOW WOULD I ?? As much as they are willing to pay ... You can sell these online on eBay or at your local coin or pawn shop. They don't want the coin for themselves. So you might have a good idea. The cookie settings on this website are set to 'allow all cookies' to give you the very best experience. We watch the market, take into consideration the karat and value of the stones before we can make a valid offer. Pawn shops aren't gonna give you 100% value anyway. Q: How much do you pay for gold and silver? They need to flip it, and make a profit. Here's what was in TBL's precious-metals bag: two Eagle gold-bullion coins (.25 ounces and .10 ounces) and a 13.2-ounce sterling silver Tiffany Clover Bowl. Usually, for actual junk silver they'll pay a few % back of spot, depending of course on quantity, the amount of drama associated with the transaction, availability of buyers, their current cash flow situation, etc. Know that the correct answer will depend upon your objectives mostly. A: The price of gold and silver fluctuates by the minute. Chumlee & Pinky pressed coins as seen on "Pawn Stars" The cookie settings on this website are set to 'allow all cookies' to give you the very best experience. I seem to recall that I averaged about 80-90 FSMS70's and about 180-200 FSMS69's per box each year. How Much Do Pawn Shops Pay For Your Stuff? he said all three are silver and the 1 ounce coin is 100% silver. My favorite local coin shop is Heartland Coin Gallery in Wichita, KS. If you do not have a serious amount of time invested in us silver coins it’s easy to be taken advantage of, it happened to me we I took some low mintage mercury dimes to a local dealer-After about 30 days of intense learning everything possible regarding coins ..my modest $400.0 sale should have been closer to ten grand, Yeh his shop is B.B.B.,NGC …stickers on their … Find out how much pawn shops will lend you for jewelry, tools, electronics, computers, appliances, game consoles, music instruments even … To know how much you should pay for silver bullion over spot silver prices, you will need to consider many factors.. We will dig into silver bullion premiums versus spot silver prices here. Some pawn shops will also sell junk silver. Pay a visit to Rocky's Pawn Shop and get cash in minutes for silver items you own.. We pay competitive prices; We pay on the spot; We buy or loan on silver in. A: No, we do not. Premiums are usually between $3 – $5 for 1 silver eagle. From $1000 Face Value bags to $10 Face Value lots.. It will depend both on both the item and the individual business buyer. How Much Do Pawn Shops Pay for Gold in July 2020? Our guide explains everything from how much pawn shops currently pay for gold to the steps you’ll need to follow to get the best possible deal. Please click "OK" to Accept Cookies to continue to use the site. Pawn shops don’t buy large amounts of gold. Some pawn shops also charge additional fees to pay for things like storage, insurance or renewing the loan for a new term. The amount you can get for your silver depends on the fineness, weight, and market value of the piece. Even if it's not 100% silver, and only 999 fine, how much difference would it make - a buck or two?? Slabbed bullion unless they are 70's will probably be treated like raw coins. Gold or silver eagles maybe slightly more but not much. Gold & Silver coins and medallions from the US and beyond, Free US Shipping! Do you want to know how much you can pawn off your stuff for? They have friendly, knowledgeable staff, a beautiful shop and competitive prices. The more you buy in bulk the lower the premiums come. Silver coins can also be sold to pawn shops, silver exchanges, and online silver buyers, each of which will give you cash in exchange for your coins (based on the weight of the coin) and then proceed to melt them down. Central Mega Pawn a local Pawn Shopin the city of Ontario California provindes cash loans on items of value and is also a Jewlery Store, A Buyer and seller of Gold and SilverUpland,Chino,Chino Hills,Rancho Cucamonga Pomona Claremont ,Montclair and San Dimas Ca, We offer quick and easy loans for when you need cash fast we also buy and sell gold, silver, coins… The result of defining reportable transactions so narrowly is that relatively few 1099-B forms ever need to be submitted. Let me first tell you what not to do. Silver coins are popular investments among coin collectors and speculators. They represent the "gold standard" in coin shops. A dealer knows they can get a much higher price for rarer coins, and thus will not blink at buying such an item off you at spot price. Don't take them to a pawn shop, don't take them to a "Cash 4 Gold" type of store (unless they are Cull), and for heavens sake..don't spend them at face value. Another reason pawn shops pay less is that a pawn shop’s customer base is limited to its neighborhood or the city where it operates, while reDollar.com is able to reach people from New York to Alaska, making it possible to handle thousands of gold transactions. Legal actions against pawn shops aren’t exactly rare — the Consumer Financial Protection Bureau has taken action against a number of pawn brokers, alleging they were dishonest about the annual … Q: Do you pay cash for gold? Another Way to Sell Silver at Spot is to Find Silver with a Little Numismatic Appeal. Jewelry is a little more problematic since you don't have a test kit with you and you can't completely trust any "marks" on the jewelry. Watches: While pawn shops will not buy cheap, common watches, they will generally pay cash for high-end or designer watches. We buy and offer collateral loans on gold & silver bullion, rare coins, paper money, diamonds, high-end watches and other precious metals Get A Loan | Sell Your Jewelry | How It Works Best Pawn Shops in Denver, Colorado 40 % silver 100 % value anyway the individual business buyer represent the `` standard! Your gold how much do pawn shops pay for silver coins the premiums come gold and silver knows coin values like the back of hand. And medallions from the US and beyond, free US Shipping dilemma here 20.... Selling your gold jewelry online Cookies to continue to use the site to how... Sale at $ 35 buy large amounts of gold 's and about 180-200 FSMS69 's per how much do pawn shops pay for silver coins year. 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