Man drops serious coin on shoes

Meth heads at it again!!!

"A fool and his money are soon parted."

Pretty honest folks in that shoe store.

Surprised they didn't dump their own $43 into the deposit and pull out the other coins.

Surprised they even accepted the coins. Doesn't that sound kind of strange to you?

i have lots of old coins like that i wonder what they are worth? i mean like silver dollars from 1820-1888. i suppose i should check into it? and no you don't need to be a meth head to have old coins, i don't even smoke or drink, have never done drugs ever so people do come upon them from family and other dources, not everyone is a thief like it seems you think.

My uncle had a coin collection stolen in the south valley a few months back u may want to contact him. Pete Hess

phxguy101 wrote:

i have lots of old coins like that i wonder what they are worth? i mean like silver dollars from 1820-1888. i suppose i should check into it? and no you don't need to be a meth head to have old coins, i don't even smoke or drink, have never done drugs ever so people do come upon them from family and other dources, not everyone is a thief like it seems you think.

Want to buy some tennis shoes with them? I canmake you a deal if you pay face value with your old coins...

I've been in countries where a person only had one pair of shoes and I've been in countries where a person had NO shoes and this turd possibly paid thousands of dollars with stolen money!! SHAME ON HIM!!!! I complained about my shoes UNTIL I saw a man who had no shoes!!!

The comments on how much they "could" be worth are highly exaggerated. Most likely the silver dollars are worth about $20 a piece. They circulated well into the 60's. Yes, they could be stolen, but it also could just be someone spending old coins lying around. I buy bags of half dollars and find many silver ones deposited into the bank for face value.

Silver is currently at about $17.75/troy ounce.

The coins, given the image, are in heavily circulated condition, so they would likely be sell-able only by weight.

The Morgan is about $15ish, given that it is ~.77 ounce of pure (.999) silver. The 1990 is similar, so again, about $15ish. The FDR is only 40% silver, so somewhere in the range of $5-10. The 1oz round is likely the most valuable in the lot (of identified coins), at about $17.75.

Discounting the unidentified coins, looks like he got a pretty good deal.

A thousand dollars each? Price of silver is $17 and change for an ounce, so that's about what it's worth.

Stolen written all over this story. Almost sounds like black thinking.

Silk_the_Absent1 wrote:

Silver is currently at about $17.75/troy ounce.
The coins, given the image, are in heavily circulated condition, so they would likely be sell-able only by weight.
The Morgan is about $15ish, given that it is ~.77 ounce of pure (.999) silver. The 1990 is similar, so again, about $15ish. The FDR is only 40% silver, so somewhere in the range of $5-10. The 1oz round is likely the most valuable in the lot (of identified coins), at about $17.75.
Discounting the unidentified coins, looks like he got a pretty good deal.

Many coins have a value that exceeds that of their melted content fool.

Coins wrote:

Many coins have a value that exceeds that of their melted content fool.

Silk_the_Absent1 wrote:

The coins, given the image, are in heavily circulated condition, so they would likely be sell-able only by weight.

Now, do a little actual research and you will find that out on your own.

the morgan dollar, 1882, may be worth about 30 dollars. Any silver dollars minted in 1990 and 1982 would be commemerative edition coins to actually be 'silver' and to be worth anything. If they are real silver they would be worth about the spot price of silver right now (refer to coinflation.com for prices), if they are not silver then they are worth about $1 or less. A troy ounce silver coin will fetch the spot price at least and who knows what the unidentified coins were, although from the picture it looks like a 1940s silver peso, again anywhere from 20-30 dollars. By no means would these coins ever fetch $1000 dollars each, unless of course the buyer was a raving lunatic.

Silk_the_Absent1 wrote:

Silver is currently at about $17.75/troy ounce.
The coins, given the image, are in heavily circulated condition, so they would likely be sell-able only by weight.
The Morgan is about $15ish, given that it is ~.77 ounce of pure (.999) silver. The 1990 is similar, so again, about $15ish. The FDR is only 40% silver, so somewhere in the range of $5-10. The 1oz round is likely the most valuable in the lot (of identified coins), at about $17.75.
Discounting the unidentified coins, looks like he got a pretty good deal.

Please show me a 1990 silver dollar and a 1982 silver dollar

Coins wrote:

<quoted text>
Many coins have a value that exceeds that of their melted content fool.

While thats true, there coins are highly circulated, and given the dates listed they are really worth nothing more than their silver content. Regardless, unless these coins graded an extremely fine uncirculated state, all of them combined are likely not even worth 1k. Date and condition plays into value fool.

Larry wrote:

Please show me a 1990 silver dollar and a 1982 silver dollar

1990 would be a Silver Eagle. Uncirculated, they are going for about $30. The '82 would be a 40% silver (with the remainder being cupronickel, IIRC) FDR dollar, similar to late Kennedy silvers.

"According to a police report, a bank employee said three of the coins could be worth a thousand bucks each."

According to me, I want to know the name of the bank so I can avoid them at all costs if they dispense such harebrained advice.

Silk_the_Absent1 wrote:

<quoted text>
1990 would be a Silver Eagle. Uncirculated, they are going for about $30. The '82 would be a 40% silver (with the remainder being cupronickel, IIRC) FDR dollar, similar to late Kennedy silvers.

The 1990 eagle I'll condede, barely as chances are better for him to have a morgan dollar than a silver eagle ( I still find morgans at the bank from time to time) but there were no 40% silver dollar coins, in fact there were NO dollar coins issued for circulation in 1982 as the susan b anthony dollar finished her run in 1981 only to reprise herself again in 1999.

Also, there is no such thing as an FDR dollar coin, if you are referring to the IKE's that were minted between '71 and '78 none of those were minted in silver except for the 1976 bicentinnial UNCIRULATED editions and those were still only 40%.

I'm guessing that the bank tellers have a 1982 kennedy half dollar and think that it's a dollar. As for the 1990 silver dollar, i really doubt it was a silver eagle I'd put down money that it was an 1890 morgan or a 1990 liberty dollar troy ounce before I'd believe it was a silver eagle.

Also bank tellers are idiots, I go to different banks all the time looking for silver and the tellers NEVER know what coins are or how much they're worth. I had a teller try to tell me that a susan b anthony was worth 200 Dollars and another tried to tell me that a morgan was worth 500 dollars, on top of that tellers are always getting half dollars and dollars confused with each other.

Basically the point is is that most bank teller's are idiots and some people who post to badly researched news stories are idiots.