Coin Shop Visit Today

[Twoshadows]

Well I finally took some time to make the drive to my coin dealer today. Seemed like months since I was last there. I wanted to get a feel for todays precious metal market and where it might be going, at least locally, and my dealer is always very honest with me.
  I learned very quickly there was NO gold for sale and no one is selling but EVERYONE is seeking! Silver bullion was also almost non-existent as my dealer only had 5 Eagles in the house. NOW he has none! I grabbed those Eagles dated 91, 93, 94 and two 2009. Looks like eagles, at a fair price, could be pretty scarce until the 2010 bullion coins are released and then we have to worry about January prices.
   Key dates were also absent along with high grade classic coins. I never let an uncirculated buffalo nickel slip by me so I did not have that worry today. Seems like the collectors with high grade coins are not selling anything either. I did notice a huge lot of circulated silver dimes, quarters, halves and dollars had just come through the door today. Will take someone quite an amount of time to go through all those silver coins looking for harder to find dates.
   All I could do was advise my dealer my son and I were looking for a few gold coins ($2.50 and $5.00) to add to our collection. He said he would keep us in mind as hundreds of other collectors were waiting also! Looks like===If you got it you had best keep it for now!!!

[scottishmoney]

I live in a much more economically depressed area than you, with unemployment hovering just under 20% so when I visit my local B&M there is all kinds of stuff for sale, which is indicative of people having to sell.  Yesterday I picked up a coin I have coveted for awhile, a 1981 Mexican gold onza - these usually trade well above spot when you can find them - luckily there is no demand here and my dealer knows that and I have bargaining power in the form of cold green cash.

I also saw - 7, yes 7 $1000 bills, one of the 1928 Series, and the rest from 1934, and two $500's.  They were all low to mid grades and I passed on them though.

But there are also several plats in the ounce category coming out of the woodwork.

[AdamL]

My local (45 minutes away) dealer has silver and plenty of gold.

[Pocketcoins]

I have seen a $500 bill. A friend of mine has one. But I have never seen a $1000 bill, much less 7 at once. Would have loved to give them the once over. Like you though I reckon I would have had to leave them there.

[Nighthawk]

No shortage of gold around here! Most times if I want it, I can pick up foreign gold coins (and sometimes U.S.) for slightly under melt at a club auction. That's where I can find the best stuff for the best price. (When I have the money, that is!). I never buy gold or silver direct from a dealer. Any dealer. Too expensive!    Terry, I can pick up most any date silver Eagles at a club auction usually always under melt at almost every meeting! 

[triggersmob]

It doesn't worry me, I can't afford gold, $1000 bills, or $500 bills. LOL

[humpybong]

Well glad some of you can get to a coin shop.

I have a dose of influenza (not of the swine variety) at the moment and it has had me laid up for the last 3 days.

Even missed my QNS coin club meeting on Friday night.   

Maybe in a few days my wife may let me out again.   

[templar]

well humpy---a little whiskey-lemon and honey will clear up that sore throat and congestion--and you can always skip the lemon and honey---hope you get better soon

                your servant--dr. templar

[triggersmob]

I hope you get better soon, Humpy.

[Twoshadows]

Nighthawk I NEED a 97 and 99 silver eagle very badly. Have a good friend requesting them for his grandchildren's birth years. I have been pursuing them for almost a year through the dealers here (just 2) and have had absolutely no luck. The fellow wanting them is a life long friend so I would very much like to help him out. Let me know if they are available up your way. Will send you a check or use PayPal if you prefer. Just make sure they are uncs.

On the topic of currency I find it ironic that I too got to hold a high grade $500 note just yesterday. Another collector brought it in to the shop after recently buying it. While I would love to have a $1,000 and $500 note I tend to shy away from them as I still just see PAPER! In the end precious metals and collectable coins always get my money!!!

[Nighthawk]

Terry, I will be on the lookout for a "97 & '99 SE. Will let you know when I find some. I love paper money, especially foreign paper money, but you're right- it's just PAPER! No intrinsic value whatever. That's why I try to collect something with precious metal content. Heck, I even save copper or bronze coins! Maybe copper will go thru the roof some day! LOL!  

[Twoshadows]

Don't get me wrong concerning paper. I used to have a bunch of old U.S. notes but my favorites got stolen from a display at my coin dealer when he was burglarized one night. Guess I never recovered! I do have a nice selection of foreign notes and always looking for more. But, during these poor economic times I tend to favor something with a little weight for my money!

[Muckeye]

Pliz, Vot is a 'coin shop'
regards,

[templar]

A COIN SHOP IS A STORE WHERE YOU TRADE A LOT OF YOUR COINS FOR VERY FEW OF THEIR COINS!

           YA--YOUR SERVANT--THE TEMPLAR

[Twoshadows]

A coin shop sells ONLY coins, currency and coin supplies. A coin shop is the ONLY place where you can go in with large sums of money and spend every last dime to your name and still leave with money! 

Gold, silver and collectable coins do not cost us anything. We are only exchanging current legal notes for coins and currency you can't get any more. The money has NOT been spent. It has been transferred into a holding of sorts or, if you prefer, another form of savings that is harder to waste away. (like your bank accounts)  It is up to the individual buying the items to hold them until such a time he would like to have his money back. The ideal situation is to get more than you paid for them. This is where a little wisdom in buying and selling does come in handy!