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Nickelless
Administrator
USA
5580 Posts |
 Posted - 09/30/2008 : 10:50:15
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I have done most of my purchasing and/or trading in town with a particular coin dealer and have been very satisfied. But when I talked to him a few minutes ago, he said he was out of junk silver at the moment when I called to see if he had any as a trade on some new (well, new to me) sterling and coin-silver spoons I just got. So I called the other coin dealer listed in the phone book and asked him if he bought sterling or coin silver, and he said he had no idea what coin silver was. I told him that the pieces were marked .900, which meant 90 percent silver, and he said he'd never heard of it despite having been in the business for 13 years. Is this guy clueless, or did we just have a bad phone connection that he couldn't understand what I was saying?
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 09/30/2008 : 16:19:48
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| Who minted the .900 coins? A reputable firm? Are they home-made? I don't get it either. |
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pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
Posted - 09/30/2008 : 16:46:51
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Concerning the coin dealer-
He may have been in the business for 13 years, but that doesn't mean he has bought, sold or come across anything other than coins in all that time. A pawn broker might be familiar with the term 'coin silver', but since sterling silver was considered the standard for silver most buyers and sellers would not see much coin silver articles.
The concept of coin silver-
US Silversmiths who could not obtain sterling silver would produce silver items from the next available source- US Silver
Coins.
Since the content of US Coins was less than sterling silver the silversmiths would mark the items 'coin silver' since that was the type of silver used.
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Kurr
1000+ Penny Miser Member
2906 Posts |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 09/30/2008 : 16:59:17
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quote:
Originally posted by starwarsgeek171
Who minted the .900 coins? A reputable firm? Are they home-made? I don't get it either.
They're spoons, not coins. They're coin silver, though. (90 percent silver)
quote:
Originally posted by pencilvanian
Concerning the coin dealer-
He may have been in the business for 13 years, but that doesn't mean he has bought, sold or come across anything other than coins in all that time. A pawn broker might be familiar with the term 'coin silver', but since sterling silver was considered the standard for silver most buyers and sellers would not see much coin silver articles.
The concept of coin silver-
US Silversmiths who could not obtain sterling silver would produce silver items from the next available source- US Silver
Coins.
Since the content of US Coins was less than sterling silver the silversmiths would mark the items 'coin silver' since that was the type of silver used.
Thanks for the insight, Pencilvanian. I didn't know that about the history of silver here.
quote:
Originally posted by Kurr
If he didn't know what coin silver was, go sell him your German silver!!
I gave all my German silver to the guy in China who was selling the 50-ounce "silver" bars. Or maybe he sold me lead, like everything else from China.
|
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
--Latest article: Stocking up on spices to keep food preps lively
---------------
Be prepared...and prepared to help: http://www.survivalblog.com/charity.html
Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
Edited by - Nickelless on 09/30/2008 17:03:30 |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 09/30/2008 : 19:57:35
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I'd be wary of that dealer.
He actually may be clueless or trying to make you think 90% isn't worth much and try to get the upper hand if you actually consider any trading.
I've known about coin silver ever since we stopped on a Navajo reservation during a family trip in '62. It was amazing watching what people can do with quarters and hammers! We bought (among other things) rings made from a quarter for $1.50 and were very happy with the purchase. They also had spoons made from halves and old silver dollars. I wish we'd got some of them, they really were beautiful! |
There's profit if you melt things!!
8{> |
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 10/01/2008 : 17:13:53
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| I have known about coin silver and German Silver, but Chinese Silver is new to me. But I think you are right. I will add that to my lexicon. |
Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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Nickelless
Administrator
USA
5580 Posts |
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Coin dealer didn't know what "coin silver" was
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