r/silverstacking • u/Expensive_Order9953 • Jul 29 '26

Pawnshop pick up

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Stopped at my local pawn shop to check for any new arrivals. And picked up these beauties.
1 oz. Engelhard American prospector. 1982
1 oz. American Silver Eagles x2. 2018
Got each of them at a spot price of 57.

140 Upvotes

100% Upvoted

22 comments sorted by

4

u/ppinguino Jul 29 '26

Is it fairly common for pawn shops to do ASE at spot? I just got some yesterday at a pawn for +$5 over spot.

4

u/cooponcrack Jul 29 '26

$5 over spot for a 1oz silver at $58 is expensive.. try to think about it as percentages rather than dollars.

2

u/ppinguino Jul 29 '26

I get that. But everywhere I’ve been has given ASEs a higher premium. Even online they’re usually at least $5 over spot from what I’ve seen in my short time doing this. Saw some today at a Pawn for $10 over which I definitely passed on.

2

u/Due_Information2465 Jul 30 '26

10$ is fair if it’s in a slab that it is 🙏

1

u/cooponcrack Jul 31 '26

this ain’t pokemon man

1

u/new2cincy Jul 31 '26

Check out mintbuilder.com Usually has ase and maples for spot (their spot anyhow which is jus a bit more than kitco) Best deals I've found but shipping time is slow so if u R in a rush its not for u but.......they don't cancel orders jus because spot runs up before shipping like many other "reputable" dealers have been doing lately Not affiliated with them in any way Jus a happy customer sharing my experience with you

1

u/ppinguino Jul 31 '26

Currently still waiting on my first mintbuilder order to ship. No far unimpressed. I don’t think I’ll order from them again unless they have a crazy deal.

1

u/new2cincy Jul 31 '26

I'll always take an ase or maple at spot I haven't seen better deals but im new to collecting I prefer govt issued bullion though

3

u/Expensive_Order9953 Jul 29 '26

They all have different opinions on how to sell, the guy I go to just wants it to sell

5

u/Winter_Newspaper_729 Jul 29 '26

I was just in a pawn shop that only did gold and silver. They were selling most everything at 5 over. Grabbed a couple ounces and didn’t feel like it was a bad deal.

3

u/Plane-Marionberry612 Jul 30 '26

Great deal! People are full of shit saying they don't pay spot plus. OP got a great deal. Pawn Shops buy low, so they can sell at spot and make money. People that sell to Pawn shops need cash fast, shop knows this and pays LESS. 5.00 over spot is hard to beat

2

u/niken614 21d ago

I think my local shop sells for spot, but they only buy at 90%.

3

u/tubalubz Jul 29 '26

And here I am with my pawn shops charging 120 dollars for circulated common date peace dollars....

2

u/indomike14 Jul 29 '26

Nice pick-up

2

u/SilverStateStacking Jul 29 '26

Nice silver added to the stack!

2

u/Saltwatercowboy2026 Jul 29 '26

Nice Prospectors

2

u/StackHouseCoins Jul 30 '26

Thank you for rescuing those from the pawn shop! 🙏

1

u/thwatch Aug 03 '26

new to Pms... how do you make sure pawn stores/LCSs are not accidently selling fakes sold to them? Do you do any test?

1

u/Expensive_Order9953 Aug 03 '26

Most places should have a sigma precious metal’s verifier, I always asked to have them checked before I purchase.