Coin Shop Shenanigans
If you have been following along HERE and HERE, you will know I went a bit silver crazy last week. First I was gifted 5 new shiny ounces for my birthday, then I managed to purchase a sweet 4.8oz hand poured owl from (NOT made by) @pit-bullion.
With flood gates released and birthday money in my pocket, I headed to my LCS.
5 more ounces.
Let’s talk about my coin shop for a minute. I haven’t been going long, since maybe January. However, the two guys in there have seen me enough times that they know what trays to pull out when I come around. I am also not one to schmooze much. Just show me the silver, tell me a price, I pay and get outta there.
But one guy always seems to rip me off a little....
Is it because I am female? Is it because I am not enough of a regular? Is it because I have this look of not knowing what I am up to? Should I haggle more?
Whatever it is, it is my fault for not putting a stop to the shenanigans. I have resorted to always asking for an itemized receipt. But next time I am looking to google, with my phone in front of the coin seller before I put down my cash.
I picked up five ounces on this visit. Three were over priced, one was below spot and one was a steal. So does that put me ahead or behind? Let’s see.
One: Below Spot 🎅🏻
It’s Christmas in July! This one ounce .999 silver Santa (with a distinctly Santa shape) was purchased for just $15. Spot that day was like $15.60ish I believe. So this was a decent priced for a well worn Santa. Below spot is below spot.
Two: Neither Here Nor There
Next up the 2012 Canada Moose coin. This is the fourth release in the Canadian Wildlife series. The coin has a mintage limited to 1 million and contains .9999 silver. Face value is $5CAD. I paid $25USD which seemed a little high with spot at $15ish. I know there is a premium, but it should have been less. Especially since APMEX offered the same coin that day for $23... 😑
Three: Cranky at the Shop and Myself
Here we have the 2013 Canada Wildlife series Pronghorn Antelope. Mintage again is 1 million and the $5CAD coin is .9999 fine. $25. Here is when I asked the coin guy, “$25 when spot is just above $15?” Oh yeah he says. It’s collectible. This sells for much more online... Except it doesn’t... less than $21 on APMEX. I googled the price in my car in the parking lot. Grrrrr! Annoyed with him. More annoyed with me.
Four: Breaking Even
This is a fun little coin. Here we have the 2018 Rwandan Lunar Ounce Year of the Dog. It is .999 silver and is the second in the Rwandan lunar series. The coin has a face value of 50 Francs. I paid $25, APMEX was $25. Not a bargain but acceptable. 😐
Five: Winner, Winner Rooster Dinner. 😉
The total price was fair. The Canadian coins are above price, even in USA. It is a good idea, when in your LCS, to check Apmex prices. You may even get a discount from your LCS on these coins.
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I was happy to make it out ahead in the end, but lesson learned for sure.
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Wow, impressive coin buying you did! Aahhhh - I totally feel you when you say he might be cheating the prices because you're a women - sure can be a real thing, and it's a shitty nagging feeling. Still super cool buys and impressive collection you're building.
I have from a trusted source I might have my first silver coin in a few weeks <3 Who know where it will lead me!
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It is totally addicting! When you get one you will start to see more and then you might buy another and then it is all over! 😄
As for the woman thing... I went to a car dealership last year to test drive a car my husband wanted. If I liked it we would have bought. I walked around 25 minutes no one even said hello! All the men were getting helped. I was so mad I called back after getting home and talked to the manager. I was like today you lost a $25k because not one of your employees even said hello as I wandered around inside and outside looking for help. Stupid bros.
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Ahhh YES!!! That is so awful to experience!
I've had it the other way around in one of those tech warehouses with departments for cameras, or tv's, or computers... My boyfriend could walk around freely, undisturbed, pick up a thing or two, put it down... I was walking there and three (!) different employees asked me 'if they could help me miss...' - Like I was the one without knowledge of this kind of items of course :P
Hahaha - drives me crazy sometimes :')
(I like it when I order a beer and my boyfriend just a juice, and they put the beer in front of him and I'm like 'why do you think I'd drink a juice? :'))
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Don’t discount the value you get from dropping those babies right in your hand!!! Maybe you could’ve saved a couple dollars, but for the price of a latté it’s really not worth getting worked up about.
Going forward, do the math in your head first and then round down $5, $10, $20 depending on your purchase(s). But sweety-pie, anyday you walk with some oz in yer pocket is a good day 😎👍
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Thanks TD. Appreciate the encouragement. ☺️ There is the value of not having to wait for the mailman for sure. My sketch sensors are just tingling with this one guy.... 😒. Like once he told me the price individually for a bunch of different things but when he added it up the math was higher than the price he had quoted for each item. This is when I started with the itemized receipts.
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There’s nothing like saying “no thank you at that price” that makes ‘em begin to salivate... 😜👍
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Good stuff @dfinney. No LCS anywhere near me so it's always a waiting game. What I like about the coin shop pickups I see here is the variety and the unique coins (Santa). I'm sure my nomadic ways will bring me to a town with a coin shop or two on day!
Is this the same shop you found Wayne in?
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Same place with Wayne. Multiple Wayne’s in fact. I find tons of good stuff here. And they always have something different.
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I'm so jelly!
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Well... if you ever come this direction I can take you there. Just be careful they might rip you off! 😉
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Oh, ever is coming. I really want to make it up that way before the year is up. I'd love a trip to your LCS! Than about 20 hours of talking music & FISHBONE with you and the hubby! 🎶🎵🎸🎺🎷🎹
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Mmmm, I will allow only 19.5 hours of Fishbone talk. 😄😂
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Deal! .5 hours will be spent on grunge. Not the music, the word!? 😢😭
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Thank you for your continued support of SteemSilverGold
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My most favorite are the Rwanda Lunar Coins!!!! AWESOME PICK... those are sure winners, my friend! CONGRATS!
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☺️ Thank you! Yeah they are pretty cool. I am excited to see how upcoming years turn out. Happy Friday!
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I have walked out of LCS quite often when all they have is Provident stock for $2+ more than provident. I will pay prices when they get older stuff in that I can't buy online for less with free shipping.
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Right. The LCS should always be the bargain because theoretically they are underpaying people for the stock they receive.
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