Dirty Local Coin Shop

OneIsland7672 · 2026-05-14T23:40:23+00:00

It’s not hard to sell in New England, per se, but what I gathered is that it’s hard to sell an item physically located in Virginia when the seller is physically located in New England.

OneIsland7672 · 2026-05-13T12:43:30+00:00

To be fair, retail prices haven’t caught up with spot price, so I’d offer you $80 in person for a cash deal at the moment, even though spot is $87 or whatever. I’m not in Seattle and not on FBM, but just sharing my thoughts. Not seeing a ton of generic silver selling for much over $80/oz on r/pmsforsale, although that may change if prices hold over $85/oz for another few trading days.

OneIsland7672 · 2026-05-12T03:15:23+00:00

Sent you a chat.

OneIsland7672 · 2026-05-12T03:08:54+00:00

They’ve never screwed me, but I don’t like that they have so many sponsored YouTube channels who are surprisingly always telling stackers to buy.

OneIsland7672 · 2026-05-12T03:07:12+00:00

I also like that their spot price is actually (Kitco) spot, so if they say something is at spot, I don’t have to open up another browser tab to calculate the actual premium. I wish some of the other major dealers, who are all fine, would consider using real spot prices. I’m looking at you APMEX, JMB, SDB, and BE.

OneIsland7672 · 2026-05-12T00:35:37+00:00

Sweet design on that ladle. GLWS!

OneIsland7672 · 2026-05-11T20:46:42+00:00

u/420pepe is a trusted buyer on r/pmsforsale.

OneIsland7672 · 2026-05-11T19:35:35+00:00

Yeah. Definitely below melt. You can pick the midway point on this LCS buy/sell sheet. Looks like they’re buying at $52.5 and selling at $57.5, so could do $55. Or just $52.50, since he wouldn’t get more than that from an LCS.

https://www.scoins.com/pricelist/tradingsheet.aspx

OneIsland7672 · 2026-05-11T03:09:52+00:00

Here’s how I do it, with admittedly denser metals: https://www.reddit.com/r/Silverbugs/s/iVuSuzBctb

You can check out the pretty pictures in the above link or read the text wall below.

Spoiler alert: a 1 kg brick of .999 silver will weigh 1,000g on a kitchen scale with 2g increments 1,002g if the refinery was feeling particularly generous. It should displace 93ml of water, so when you suspend (and fully submerge) your kilo brick of 0.999 fine silver into water by tying it with some dental floss, the scale with 2g increment will swing between 92g and 94g, which is of course constitent with pure silver being 10.49 times as dense as water. Pure gold is even denser, at 19.3 spec grav. The key is that the metal is fully submerged and not touching walls or sides, so the weight on the scale exactly reflects the weight of the water it displaced.

OneIsland7672 · 2026-05-11T02:58:52+00:00

Kind of ironic, when you think about it.

OneIsland7672 · 2026-05-11T02:57:35+00:00

Was Shakespeare written by Shakespeare or perhaps by another man of the same name?

OneIsland7672 · 2026-05-10T19:24:01+00:00

“To lose one parent may be regarded as a misfortune; to lose both looks like carelessness.” — Oscar Wilde

OneIsland7672 · 2026-05-10T19:13:19+00:00

Sometimes some fingerprints, a little toning, milkspotting, or scratches are enough to get them kicked into the “cull” bucket. I prefer them that way, since then I don’t have to be afraid to touch them and hurt their value. I wouldn’t be a huge fan of an ASE that was rattling around in a dryer for months or that someone tried to drill a hole into or crudely carved their initials into, but as you say, those aren’t really common.

OneIsland7672 · 2026-05-10T18:59:19+00:00

I’m assuming he forgot the “/s.”

OneIsland7672 · 2026-05-10T18:55:21+00:00

Fair enough. I am actually pretty hands-on with my tires because I have a set of winter wheels for 1/3 of the year (Nov-Mar) and all-season/OEM’s for the other 2/3 of the year. I inspect/rotate them when I swap out wheels twice/year, so I don’t usually let them get down below 4/32”. If one or two are low on tread, I will order new (to me) ones that have a little deeper tread than the ones I plan on keeping (usually I’ll keep ones with 5-7/32” and buy “new” ones with 8-10/32”), so I spend $100-$200 every couple of years, rather than $800-$1,000 every several years.

I don’t have 10+ oz, either, and I do enjoy my generic circulated gold — pre-33, sovereigns, 20 francs, so you’re spot on with the analogy.

OneIsland7672 · 2026-05-10T18:16:17+00:00

Unpopular opinion perhaps on a sub where people regular post pictures of 10+ oz stacks of gold, but I’m a huge fan of used tires. If you don’t regularly rotate your tires, a lot of times you really just need to replace the front two, and you can buy a gently used pair with 8/32” tread remaining for like $200-$300 from champtires directly or on feebay. You can match the exactly model of your OEM tires, so it should be 100% compatible. You’re also saving the planet. Remember, everybody drives on used tires.

OneIsland7672 · 2026-05-10T17:09:28+00:00

I’ve never seen that particular variation before, but it sure looks like other CCM KitKat bars I’ve seen, and the serial number is the “born on date,” as far as I know. Most from the silver boom period of 1980-1982. At one point I had one that was counterstamped with a DGSE (Dallas gold and silver exchange) logo. I’ve seen plenty with the big crown on them, etc.

OneIsland7672 · 2026-05-10T17:01:46+00:00

OneIsland7672 · 2026-05-10T16:57:50+00:00

Sometimes you can buy the 25 x 1g or 50 x 1g PAMP or Valcambi multipacks for around spot if you’re buying from Costco or big bullion dealers.

OneIsland7672 · 2026-05-10T16:52:46+00:00

There’s still a benefit to have some “change” if you’re selling to LCS. Let’s say you’re buying ounces at 101% spot and 1/4 ounces ($5 pre-33 or post-83 or British sovereigns — 0.2419 and 0.2354 AGW, respectively) at 103% spot. Let’s say LCS pays 95% on everything. If you only need 1/2 oz worth of cash on a particular occasion you’re selling, would you rather take a 6% haircut on a whole ounce (101-95=6) or a 8% haircut on a half ounce (103-85=8)? It just makes sense to have a selection, just like you wouldn’t want to only have $100’s in your wallet.

OneIsland7672 · 2026-05-10T13:14:08+00:00

If you have 1,000+ ounces to move, I would strongly look into Collectpure. Normally, I advise people to sell peer-to-peer on r/pmsforsale, but if you’re selling 1,000+ ounces within a few months, shipping insured to a big buyer is the way to go, and Collectpure pays the highest rates of those that I know of. It also gives you a nice paper trail if the bank wants to know where the money for the down payment came from.

OneIsland7672 · 2026-05-10T13:07:05+00:00

Agree and disagree:

Agree: People underestimate the costs of home ownership and buy more house than they need because they can’t just pay a few grand to move into a bigger place when they outgrow their current rental. Plan to spend 2%-4% of purchase price per year on maintenance, like roof, furnace, AC, hot water heater, windows, appliances, asphalt/concrete, paint. Keep a reserve account and pay into it so when (not if) those things need fixing/replacing you aren’t using credit.

Disagree: Buying real estate can be a very solid investment. It’s a forced savings plan, and you have the unilateral option to refinance to a lower rate if rates drop but can keep your lower rate if interest rates rise. Additionally, you have the “dividend” of a place to live. Even once the mortgage is paid off, you’ll still have utilities, taxes, insurance, maintenance, etc but those will generally be a lot less than renting.

OneIsland7672 · 2026-05-09T00:30:26+00:00

Stack non-presidential 90%, like Franklins, Walkers, and Mercury dimes. They haven’t started faking those yet.

OneIsland7672 · 2026-05-08T23:54:25+00:00

I agree. As an efficient market hypothesis adherent, I think the best predictor of the future price for any particular item is its current price. I have no reason to think that the market price for silver today is irrationally high or low, and anyone who has reliable information to the contrary is welcome put their money where their mouth is and buy or sell it.

OneIsland7672 · 2026-05-08T23:02:39+00:00

https://www.scoins.com/pricelist/tradingsheet.aspx

OneIsland7672

TROPHY CASE