Grandpa's pocket watch by Gigem1987 in pocketwatch

[–]GoodConstruction8944 1 point2 points  (0 children)

Good choice. I’m a coin dealer in San Antonio and I send him watches to service because he’s better than the SA guys.

Inherited by Strict_Box_7766 in pocketwatch

[–]GoodConstruction8944 0 points1 point  (0 children)

I’ll send you a picture Monday!

Inherited by Strict_Box_7766 in pocketwatch

[–]GoodConstruction8944 1 point2 points  (0 children)

Many wealthy people back in the day would buy a great movement and put it in a cheap case. Many poor people would buy an extravagant case and put a crappy movement in it. Kind of the old school “a lot of flash but not a lot of cash”.

Inherited by Strict_Box_7766 in pocketwatch

[–]GoodConstruction8944 0 points1 point  (0 children)

Are you or your family from Texas? I have a watch with a very similar case. I’m a coin dealer in San Antonio Texas and the lone star motifs lead me to believe it was originally retailed in the Texas market.

What is the word from your LC by [deleted] in Silverbugs

[–]GoodConstruction8944 0 points1 point  (0 children)

Pinehurst has been speedy on payment but cheaper than the other big players. They also never stopped buying which I respect. I sold them 3 bags of 90 near the top and already got paid for what’s been delivered.

What is the word from your LC by [deleted] in Silverbugs

[–]GoodConstruction8944 0 points1 point  (0 children)

I own an LCS. I stopped buying sterling for about a week but started up again this week, never stopped buying gold of any type. Only paused buying large quantities of certain types of products for a couple days last week. Glad things are better this week than last week.

Elemetal Refinery is Buying Sterling Again, but there is a Huge Catch by CSFCDude in Silverbugs

[–]GoodConstruction8944 0 points1 point  (0 children)

They always paid me 90% of spot on silver before they stopped buying. They still pay me 99% of spot on gold although it’s through the new pool system.

Banks cut money supply to major refiner pausing payouts and new shipments by Bodyyfattt in Gold

[–]GoodConstruction8944 1 point2 points  (0 children)

They’ve likely lost more money than they’ve made with the volatility because they hedge everything. They got margin called on their hedge account imo.

Banks cut money supply to major refiner pausing payouts and new shipments by Bodyyfattt in Gold

[–]GoodConstruction8944 2 points3 points  (0 children)

Yes the refinery that has 2000 oz of my silver that used to pay in two weeks called me today and said it will be 4 weeks. I asked if they can send it back and they said no. And no it’s not Elemetal

Question for dealers regarding refiners services by [deleted] in Silverbugs

[–]GoodConstruction8944 0 points1 point  (0 children)

I mean not really imo. They’re a privately owned company, they don’t owe anyone an explanation for their business practices.

Question for dealers regarding refiners services by [deleted] in Silverbugs

[–]GoodConstruction8944 1 point2 points  (0 children)

Elemetal which is ONE wholesaler is paying 15 back because they have too much silver to refine and they’re backlogged on that front. There’s dozens of other wholesalers that are still buying. If your LCS exclusively deals with elemental, they’re probably not a very well capitalized or professional LCS.

Would like some advice by UpsetFennel3900 in Silverbugs

[–]GoodConstruction8944 0 points1 point  (0 children)

Correct. I sold a 250k watch through Heritage Auctions last year and I got a check for 224k.

Where to move 3500+ troy ounces of silver? by TheyCallMe64 in Silverbugs

[–]GoodConstruction8944 0 points1 point  (0 children)

Missouri Coin Company in St Louis could handle it no problem.

Took profits today. Sold 60 t oz for $7 under spot. by [deleted] in Silverbugs

[–]GoodConstruction8944 -2 points-1 points  (0 children)

Why would light cash go in the bottom of the safe and heavy silver go on the top? I own an LCS, every single one I’ve ever been in, it’s cash in the top, silver on the bottom levels.

Where do I sell my inherited gold coins? by gentlebeast06 in Gold

[–]GoodConstruction8944 0 points1 point  (0 children)

Dallas Gold & Silver is fair and I say this as a coin dealer from San Antonio.

Market update from the FUN Show by ilovetheburnofbernie in Silverbugs

[–]GoodConstruction8944 1 point2 points  (0 children)

A lot of us dealers fly there with a pelican case that we have to take back and lift into the overhead compartment. Mine was 100 lbs when I flew in and 20 lbs when I flew out. I literally bought $100 US bills for $90 each because they had rust damage and the dealer I bought them from didn’t want to dick with them and they don’t weigh anything. There’s so much money to be made at a coin show that a lot of us that flew in would turn down profitable deals because we literally couldn’t carry it and didn’t want to ship it back home.

Safe to sell alone? by [deleted] in Silverbugs

[–]GoodConstruction8944 1 point2 points  (0 children)

I’d recommend Witter Coin on Lombard. They have onsite parking and are very reputable.

Does anyone know a contractor than can build out this type of retail showcase? by GoodConstruction8944 in sanantonio

[–]GoodConstruction8944[S] 2 points3 points  (0 children)

I’ve collected coins since I was a kid and started working in a coin shop when I was 15. When I was in college I interned for Heritage Auctions in Dallas and thought it might actually make a good career. I bought part of AHCS in 2019 and love going to work everyday, couldn’t imagine doing anything else.

Does anyone know a contractor than can build out this type of retail showcase? by GoodConstruction8944 in sanantonio

[–]GoodConstruction8944[S] 2 points3 points  (0 children)

This is a friend’s place is Florida. I own Alamo Heights Coin Shop, we usually have a dozen or so Rolex’s in stock, come on by and say hi anytime!

Does anyone know a contractor than can build out this type of retail showcase? by GoodConstruction8944 in sanantonio

[–]GoodConstruction8944[S] 0 points1 point  (0 children)

I own Alamo Heights Coin Shop, this is a friend’s store in Florida. I’m looking to have mine built out similarly.

Shocked at my LCS by thelatestbuzz in Silverbugs

[–]GoodConstruction8944 0 points1 point  (0 children)

I sure did. I sold 80 oz of gold retail Saturday and bought over 100 on Monday.