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Turbinosamente
May 29, 2013

Lights on, Lights off

CarForumPoster posted:

That’s really nice! I’ve always thought those were nice but out of my price range when I was collecting as a kid.

Thanks! It wasn't cheap but all my low grade junk silver was enough to pay for it. Much cooler than a stack of 40% Kennedy halves or Barber/seated liberty dimes that were almost blank discs of metal. Some prepper can go get them from the LCS.

And yeah, I'm to the point where I just have to quietly sit and save money for a good coin. At least it'll keep me out of trouble.

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smax
Nov 9, 2009

Well I guess I picked up a new hobby and am going to start collecting some gold and silver coins/bars/rounds. On a whim I picked up a gold buffalo and a 5oz bar of silver. I’m not planning on hoarding a giant stack of precious metals or anything, but I figured this could be a fun diversion for my discretionary “fun” savings account that will hold value better than my other hobby money pits of ammunition (which just gets fired) and 3D printer filament (which just gets melted into benchies).

I’m going to be trading in a bunch of old jewelry and rings that don’t have any sentimental value- about 8 ounces of silver and a handful of gold rings and chains. I think I’ll be trading for bars and rounds, we’ll see how much value the stuff has.

Any tips on how to approach this at the local coin shop? What’s the expected going rate for scrap 92.5 silver and 10/14/18K gold, and how do I know if I’m about to get ripped off?

smax fucked around with this message at 22:54 on Apr 26, 2024

Zogo
Jul 29, 2003

smax posted:

Any tips on how to approach this at the local coin shop? What’s the expected going rate for scrap 92.5 silver and 10/14/18K gold, and how do I know if I’m about to get ripped off?

The prices you get will depend on your area so you'll have to call around and do price comparisons for buying/selling/trading.

It's recommended to go to a certified place e.g. https://www.pcgs.com/dealers

Buying from a pawn shop, flea market or yard sale might lead to disaster.

smax
Nov 9, 2009

Zogo posted:

The prices you get will depend on your area so you'll have to call around and do price comparisons for buying/selling/trading.

It's recommended to go to a certified place e.g. https://www.pcgs.com/dealers

Buying from a pawn shop, flea market or yard sale might lead to disaster.

This is an established coin shop with good reviews, I’m not about to try my luck in something like a pawn shop or flea market.

Gin
Aug 29, 2004
and Tonic
When selling, you should receive 85 to 90% of spot price. When buying bullion, I would not spend more than 5% over spot price.

A really good shop will give further discounting for a 'trade-in' if you are buying or selling simultaneously. I could recommend one if you happen to be in central/south Texas.

Mrenda
Mar 14, 2012
My first "proper" order of stamps came today. About twenty quids worth of commemorative stamps from An Post (The postal service in Ireland.) I ordered on the regular online store, and put a note in in the special instructions that I'd just started collecting stamps so came straight to them.

When they arrived they were shipped really well and on the cover was a mark indicating it had come from the Dublin GPO Philatelic Bureau. Inside were my new stamps in a little glassine envelope and the receipt, along with a little post-it on a plastic slip with a written note, "For your collection!" Inside the slip with the post-it were six, quite large An Post postcards for various stamp celebrations, as well as another glassine envelope with 12 free stamps in it.

I'm really pleased, it was really nice of them. When I put the note in the box on the order page I thought they might include some information about their collecting accounts and their quarterly you can sign up for, maybe a no longer valid stamp or two, certainly not twelve stamps and six postcards.

Two of the stamps I ordered were for the bicentennial of the RNLI (the lifeboats), a worldwide and national one. They're some of the "current" commemoratives so I should be able to pick them up in a local post office nearby. Over the weekend I was in a small village with an extremely busy and quite famous lifeboat station. I bought a few postcards in the main town nearby, featuring the town with the lifeboat station. When I pick up more lifeboat stamps I'm going to send them a postcard featuring that town, with a 'thank you' on the back, using the national lifeboat stamp.

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Turbinosamente
May 29, 2013

Lights on, Lights off
That's a super cool way to get started in stamps! Love it when old collectors and organizations help out new ones with free stuff. It's the best way to keep the hobby as a whole alive.

In other news I feel slightly guilty for not having much thread content. I've just been picking up little coins here and there, random wheat cents and national park quarters etc. Although I am heavily considering bowing out of my bullion aspirations and putting it towards a major coin purchase. I realized I didn't remember what most of the coin designs were as they sat in the safe and it's probably a sign they should be turned into something memorable.

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