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Pawn Shop Ripoff
NJMark1
Posts: 479 ✭
Haven't been around much..busy....but had to vent this...
One born every minute...Pawn shop visit today..Older lady walks in with large heavy bank cloth bank bag...Bag full of silver coins....Morgans Barbers standing liberties mercuries all nice stuff...Pawn guy humped her unconcious...she got 3 times face....My GOD!!!!!! BTW I think siver was around 39 yesterday...could be wrong on that
One born every minute...Pawn shop visit today..Older lady walks in with large heavy bank cloth bank bag...Bag full of silver coins....Morgans Barbers standing liberties mercuries all nice stuff...Pawn guy humped her unconcious...she got 3 times face....My GOD!!!!!! BTW I think siver was around 39 yesterday...could be wrong on that
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<< <i>Haven't been around much..busy....but had to vent this...
One born every minute...Pawn shop visit today..Older lady walks in with large heavy bank cloth bank bag...Bag full of silver coins....Morgans Barbers standing liberties mercuries all nice stuff...Pawn guy humped her unconcious...she got 3 times face....My GOD!!!!!! BTW I think siver was around 39 yesterday...could be wrong on that >>
I would have derailed such "blatant theft". I would have offered her 7x the Pawn offer (APMEX at ~ 27x face then), and challenged him to call the cops.
<< <i>Sorry, but no sympathy for the "little old lady". While I think the pawn guy is a 1st class scumbag, the "little old lady" should have done just some BASIC homework before selling. In the age of the internet, there is no excuse anymore for these type of rips. Even if she herself couldnt do the research, im sure she could have had one of her kids/grandkids do it for her. Even shop the coins around to a couple different locations before selling. She didnt want to be "bothered" with that "hassle" I suppose. No sympathy at all. >>
Wow, I bet you think rape victims "deserve it" if they arent wearing burquas.
My Early Large Cents
<< <i>
<< <i>Sorry, but no sympathy for the "little old lady". While I think the pawn guy is a 1st class scumbag, the "little old lady" should have done just some BASIC homework before selling. In the age of the internet, there is no excuse anymore for these type of rips. Even if she herself couldnt do the research, im sure she could have had one of her kids/grandkids do it for her. Even shop the coins around to a couple different locations before selling. She didnt want to be "bothered" with that "hassle" I suppose. No sympathy at all. >>
Wow, I bet you think rape victims "deserve it" if they arent wearing burquas. >>
Yeah, lets compare rape to an uneducated seller. Wow!
Either she takes it into a bank and a teller gives her face value
or the "pawn shop" does something similar.
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<< <i>This sounds like an urban legend called the "Little Old Lady with lots of silver".
Either she takes it into a bank and a teller gives her face value
or the "pawn shop" does something similar.
Im voting "real" on this story. It really does happen every day. People getting ripped on both the buying and selling sides of the equation because they put in little to zero effort in research or shopping around. This particular lady was too lazy to shop her stuff around, and too lazy to research what she had. I dont feel bad for her in the least......im actually smiling right now.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
<< <i>A real story would have names, places, dates...
So you think a member who has been on these boards for almost 8 years would just stroll in and make up a story like this? Whats the motivation? And because he didnt ask the "little old lady's" name, or disclose what pawn shop, or the exact atomic time this rip happened....the story is BS? Really?
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>
<< <i>Sorry, but no sympathy for the "little old lady". While I think the pawn guy is a 1st class scumbag, the "little old lady" should have done just some BASIC homework before selling. In the age of the internet, there is no excuse anymore for these type of rips. Even if she herself couldnt do the research, im sure she could have had one of her kids/grandkids do it for her. Even shop the coins around to a couple different locations before selling. She didnt want to be "bothered" with that "hassle" I suppose. No sympathy at all. >>
Wow, I bet you think rape victims "deserve it" if they arent wearing burquas. >>
Peoples greed is one thing , displaying it on a public forum quite another.Distasteful at best.
Name the Pawn Shop, please.
Things we take for granted, such as internet access/competence/comfort, a family/friends support system, etc is not always as common/available as you may think. In many cases, it is a sign of desperation & nowhere else to go or anyone to turn to (or fear/embarrassment of doing so) when the elderly bring their valuables to a pawn shop. Sometimes, that's the only outlet they know or may feel comfortable dealing with.
They are often completely alone in the world and this is their last source of money to tide them over until their next Social Security check, etc. Or they may have entered a stage of dementia which no longer allows them to think straight or logically, and, if they still have a support system, they may be too far away or infrequent a visitor to see its onset & intercede before the damage is done.......
Personally, I couldn't live with myself if I saw such a situation unfold, knowing what the results might be. No matter what kind of relationship I had previously with the owner of the shop, I could never bring myself to shop their again after seeing this happen. As such, I would feel no concern about possibly being kicked out for interfering in the transaction. Right then & there, I would tell the lady that the owner was ripping her off and what the true value/rate was. I would then offer to buy the silver from them at a fair rate, or offer them info on better/honest places to go to get what she deserves. And I would tell the owner to his face that he should be ashamed of himself & God forbid he or his parents, etc were ever in a similar situation.
I can't change the world or get rid of greedy dregs of society, but maybe I can help someone avoid being thoroughly ripped off by someone like that - - especially when you consider how much of an impact the difference in money would be between the lowball & a fair offer in terms of that "little old lady" possibly making it thru till the next paycheck or heating/cooling/rent bill, etc...........
- - Dave
he made an offer and it was accepted! perfectly legal anywhere.
Pawnshops usually offer 10% of the value of an item.
Morally and ethically, that is another story.
Shop owner can ask you to leave ... YOU have to, or you can be arrested for trespassing!
BUT I highly doubt the Jerk would have called police!
He most likely would have said ; sorry I used the wrong figures or something like that.
there were 2 requests already to name the shop.....
just wondering WHY you would not do so?
H
Excellent reply, WELL said.Text
One follow-up question..........
What I know of pawnshops comes from "Pawnstars", or similar TV shows, but I thought that 10% figure was for loans vs outright sales. If that were the case, and the shop was simply HOLDING her silver until she could get her next paycheck and the 3-times-face loan (even though at rediculous interest rates) was just to hold her over, then that's one thing.................. but if that's what he was offering straight up to her to buy the silver outright, then I have a major issue with that, and would not hesitate to confront him about it.
He then has the right to kick me out, but at least I would have said my peace and hopefully prevented him totally ripping her off.
- - Dave
P.S.... I think this would be a good thread to also bring over to the US Coin Forum's larger audience).
<< <i>Thanks!
One follow-up question..........
What I know of pawnshops comes from "Pawnstars", or similar TV shows, but I thought that 10% figure was for loans vs outright sales. If that were the case, and the shop was simply HOLDING her silver until she could get her next paycheck and the 3-times-face loan (even though at rediculous interest rates) was just to hold her over, then that's one thing.................. but if that's what he was offering straight up to her to buy the silver outright, then I have a major issue with that, and would not hesitate to confront him about it.
He then has the right to kick me out, but at least I would have said my peace and hopefully prevented him totally ripping her off.
- - Dave
P.S.... I think this would be a good thread to also bring over to the US Coin Forum's larger audience). >>
I already brought this to the Precious Metals forum as a poll. So far almost 4 in 10 people dont feel sorry for this lady at all. What I want to know is what ever happened to people accepting/taking responsibility for their own actions? Too often today its "someone else's fault". The lady is an adult....she has a legal right to negotiate a financial transaction....and she willingly sold her coins for a clear offer. Whats the problem here? Should we make it illegal for senior citizens to engage in financial transactions like we do currently with minors?
Part of society's responsibility is to help fend for those who cannot fend for themselves - - either because they are too young, too old, have a disability, or whatever.
In a case such as was presented, why would people jump to the assumption that she is fully aware of what she is doing & her options vs think instead that just maybe there's something wrong with the situation?
Especially with the economy as it is today, I would think more & more people in marginal situations are being thrown into similar predicaments.
Again, I would only hope that someone would be looking out for them if it were my parents in that situation.......
I'd rather err on the side of "humanity" than stand idly by.
- - Dave
<< <i>
I already brought this to the Precious Metals forum as a poll. So far almost 4 in 10 people dont feel sorry for this lady at all. What I want to know is what ever happened to people accepting/taking responsibility for their own actions? Too often today its "someone else's fault". The lady is an adult....she has a legal right to negotiate a financial transaction....and she willingly sold her coins for a clear offer. Whats the problem here? Should we make it illegal for senior citizens to engage in financial transactions like we do currently with minors? >>
Nothing quite like making a statement for you own ethical constitution when dealing with people here: caveat emptor all the way. Let's hope none of your coins are Chinese fakes.
I'll explain it to you: your 26 year old daughter, IQ of 83, is home alone while you're out "hunting for bargains" [we now know what that means in your terms] at the coin store. Based on a bathroom stall message left by your neighbor's twit kid half of the local college football team shows up and offers your daughter "a good time". She accepts. According to you, since she is of legal age no crime is being committed, and more importantly: as an adult she should have known better. Perhaps she should have googled that phrase beforehand. Maybe, before accepting, she should have talked to the twit neighbor's twit kid and asked for a second opinion? Perhaps she should have been responsible enough to keep around a couple dozen rubbers.
See: YOU are the horny college kid who see nothing wrong with bleeping the retarded girl. That is your ethical level. THAT is how responsible people like yourself deal with the weak.
BS&T
Ebay: + <waitin'> NEG: Chameleoncoins
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WTB: Toners, BU Darkside, Sovs & 20 Mark, LMU/SMU Gold.
<< <i>
<< <i>
I already brought this to the Precious Metals forum as a poll. So far almost 4 in 10 people dont feel sorry for this lady at all. What I want to know is what ever happened to people accepting/taking responsibility for their own actions? Too often today its "someone else's fault". The lady is an adult....she has a legal right to negotiate a financial transaction....and she willingly sold her coins for a clear offer. Whats the problem here? Should we make it illegal for senior citizens to engage in financial transactions like we do currently with minors? >>
Nothing quite like making a statement for you own ethical constitution when dealing with people here: caveat emptor all the way. Let's hope none of your coins are Chinese fakes.
I'll explain it to you: your 26 year old daughter, IQ of 83, is home alone while you're out "hunting for bargains" [we now know what that means in your terms] at the coin store. Based on a bathroom stall message left by your neighbor's twit kid half of the local college football team shows up and offers your daughter "a good time". She accepts. According to you, since she is of legal age no crime is being committed, and more importantly: as an adult she should have known better. Perhaps she should have googled that phrase beforehand. Maybe, before accepting, she should have talked to the twit neighbor's twit kid and asked for a second opinion? Perhaps she should have been responsible enough to keep around a couple dozen rubbers.
See: YOU are the horny college kid who see nothing wrong with bleeping the retarded girl. That is your ethical level. THAT is how responsible people like yourself deal with the weak. >>
BINGO! Gecko-Boy outed. IMO, the only reason you "notified" HJB/Tom of the bullion sale 'mishap' was you knew they'd figure out the salesman's mistake soon enough.
8 Reales Madness Collection
<< <i>
<< <i>This sounds like an urban legend called the "Little Old Lady with lots of silver".
Either she takes it into a bank and a teller gives her face value
or the "pawn shop" does something similar.
Im voting "real" on this story. It really does happen every day. People getting ripped on both the buying and selling sides of the equation because they put in little to zero effort in research or shopping around. This particular lady was too lazy to shop her stuff around, and too lazy to research what she had. I dont feel bad for her in the least......im actually smiling right now. >>
I don't think ive read a sleazier post than this in my time here and ive seen more than a few.
Some others, apparently, weren't so lucky.
8 Reales Madness Collection
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
This happens in pawn shops and other interactions and should not be promoted or accepted. You can make money being fair. Period.
Wrong again kiddo. The coin (3 of the same type) was bought in over the counter AS BULLION, and then offered to me AS BULLION + a small premium. But Since I knew that the fair market value of this particular coin was WELL above its bullion value, I kindly imformed Tom that his offer price to sell them to me was too low. I told him precisely what these were currently selling for and he asked how much I wanted to pay. I threw out an offer of about double what he was originally asking, and he accepted. My integrity is as high or higher than anyone in this forum. I havent ripped a single person off in my life....but those are MY values. I cannot be held responsible for what other people do on either the buy or sell side.....thats THEIR business. And if a buyer or seller fails to do at least the very basic research before pulling the trigger.....shame on them, no sympathy.
Pathetic
Experience the World through Numismatics...it's more than you can imagine.
Yellow Pages?
And what did the Yellow Pages say?
Possibly something to the effect High Prices Paid- likely to get people in the door and if the facts resemble this then it is quite possible an argument can be made that the Pawn Shop has some exposure
Experience the World through Numismatics...it's more than you can imagine.
Nobody forced this lady into that particular shop. Nobody forced her to sell at 3x. She did it on her own free will....and now she is the victim? You people make me sick, and you represent all thats become wrong with this nation.
We all make mistakes.....this lady made one. It cost her. But its no different than any other poor financial deal you or I have made in our lives. The only difference is we sucked it up....learned from our mistake (hopefully)...and moved on. We didnt cry about how unfairly we were treated or how so and so ripped us off.
Take some PERSONAL responsibility people!
Experience the World through Numismatics...it's more than you can imagine.
<< <i>I still believe that the story is an urban legend.
I'm inclined to agree, but I'll try one last time...
Name the Pawn Shop. Pretty please with a cherry on top?
So, here we have a little old lady and a professional dealer. Who is the expert here? Who is presumed to uphold some standard ethics of his profession? Certainly not the client. You may say that there is some expectation that she performs research and negotiates accordingly. But. Absent that. The professional is still supposed to act professionally. He is the one that has the expectation of knowledge. If we presume all people are self-interested and devoid of ethics, well, that makes for a rather sad society, doesn't it?
Now, if you want to bring it back to the rape analogy.. saying the little old lady should have known better is like saying the rape victim was a slut and asking for it. People always wants what is best for them, regardless of any consideration of others. But moral society does not work that way. Whether she's a slut or not does not absolve you of guilt for rape. A man who takes advantage of the vulnerable is a piece of **** regardless of context.
Edit - is this conversation really taking place on the Darkside?? seems more like the sort of thing you'd see over there...
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I wondered why it was here too , presumably a New Jersey shop , US coins involved.
<< <i>
Edit - is this conversation really taking place on the Darkside?? seems more like the sort of thing you'd see over there... >>
Yes, Gecko is his own self-absorbed flash mob. And HJB, Inc. would have eventually figured out you 'tweaked 'em on the deal, imo.
Bottom Line: Don't let Gecko come around your grandmothers stash.
The Mysterious Egyptian Magic Coin
Coins in Movies
Coins on Television
<< <i>Sorry, but no sympathy for the "little old lady". While I think the pawn guy is a 1st class scumbag, the "little old lady" should have done just some BASIC homework before selling. In the age of the internet, there is no excuse anymore for these type of rips. Even if she herself couldnt do the research, im sure she could have had one of her kids/grandkids do it for her. Even shop the coins around to a couple different locations before selling. She didnt want to be "bothered" with that "hassle" I suppose. No sympathy at all. >>
Or perhaps she was in pain and couldn't make it to more than one place. Or perhaps her mind is not as clear as it used to be.
Were you born an a$$hole gecko109, or did you just gradually turn into one? Jerk.
<< <i>
<< <i>This sounds like an urban legend called the "Little Old Lady with lots of silver".
Either she takes it into a bank and a teller gives her face value
or the "pawn shop" does something similar.
Im voting "real" on this story. It really does happen every day. People getting ripped on both the buying and selling sides of the equation because they put in little to zero effort in research or shopping around. This particular lady was too lazy to shop her stuff around, and too lazy to research what she had. I dont feel bad for her in the least......im actually smiling right now. >>
A$$hole.
<< <i>For those who have opined that somehow the little old lady "deserved it" because she didn't take the time or make the slightest effort to "educate" herself first or ask a friend, please keep this in mind..................
Things we take for granted, such as internet access/competence/comfort, a family/friends support system, etc is not always as common/available as you may think. In many cases, it is a sign of desperation & nowhere else to go or anyone to turn to (or fear/embarrassment of doing so) when the elderly bring their valuables to a pawn shop. Sometimes, that's the only outlet they know or may feel comfortable dealing with.
They are often completely alone in the world and this is their last source of money to tide them over until their next Social Security check, etc. Or they may have entered a stage of dementia which no longer allows them to think straight or logically, and, if they still have a support system, they may be too far away or infrequent a visitor to see its onset & intercede before the damage is done.......
Personally, I couldn't live with myself if I saw such a situation unfold, knowing what the results might be. No matter what kind of relationship I had previously with the owner of the shop, I could never bring myself to shop their again after seeing this happen. As such, I would feel no concern about possibly being kicked out for interfering in the transaction. Right then & there, I would tell the lady that the owner was ripping her off and what the true value/rate was. I would then offer to buy the silver from them at a fair rate, or offer them info on better/honest places to go to get what she deserves. And I would tell the owner to his face that he should be ashamed of himself & God forbid he or his parents, etc were ever in a similar situation.
I can't change the world or get rid of greedy dregs of society, but maybe I can help someone avoid being thoroughly ripped off by someone like that - - especially when you consider how much of an impact the difference in money would be between the lowball & a fair offer in terms of that "little old lady" possibly making it thru till the next paycheck or heating/cooling/rent bill, etc...........
- - Dave
<< <i>
<< <i>Thanks!
One follow-up question..........
What I know of pawnshops comes from "Pawnstars", or similar TV shows, but I thought that 10% figure was for loans vs outright sales. If that were the case, and the shop was simply HOLDING her silver until she could get her next paycheck and the 3-times-face loan (even though at rediculous interest rates) was just to hold her over, then that's one thing.................. but if that's what he was offering straight up to her to buy the silver outright, then I have a major issue with that, and would not hesitate to confront him about it.
He then has the right to kick me out, but at least I would have said my peace and hopefully prevented him totally ripping her off.
- - Dave
P.S.... I think this would be a good thread to also bring over to the US Coin Forum's larger audience). >>
I already brought this to the Precious Metals forum as a poll. So far almost 4 in 10 people dont feel sorry for this lady at all. What I want to know is what ever happened to people accepting/taking responsibility for their own actions? Too often today its "someone else's fault". The lady is an adult....she has a legal right to negotiate a financial transaction....and she willingly sold her coins for a clear offer. Whats the problem here? Should we make it illegal for senior citizens to engage in financial transactions like we do currently with minors? >>
A$$hole.
<< <i>But you are assuming she has full faculties.
Part of society's responsibility is to help fend for those who cannot fend for themselves - - either because they are too young, too old, have a disability, or whatever.
In a case such as was presented, why would people jump to the assumption that she is fully aware of what she is doing & her options vs think instead that just maybe there's something wrong with the situation?
Especially with the economy as it is today, I would think more & more people in marginal situations are being thrown into similar predicaments.
Again, I would only hope that someone would be looking out for them if it were my parents in that situation.......
I'd rather err on the side of "humanity" than stand idly by.
- - Dave >>
<< <i>
<< <i>
I already brought this to the Precious Metals forum as a poll. So far almost 4 in 10 people dont feel sorry for this lady at all. What I want to know is what ever happened to people accepting/taking responsibility for their own actions? Too often today its "someone else's fault". The lady is an adult....she has a legal right to negotiate a financial transaction....and she willingly sold her coins for a clear offer. Whats the problem here? Should we make it illegal for senior citizens to engage in financial transactions like we do currently with minors? >>
Nothing quite like making a statement for you own ethical constitution when dealing with people here: caveat emptor all the way. Let's hope none of your coins are Chinese fakes.
I'll explain it to you: your 26 year old daughter, IQ of 83, is home alone while you're out "hunting for bargains" [we now know what that means in your terms] at the coin store. Based on a bathroom stall message left by your neighbor's twit kid half of the local college football team shows up and offers your daughter "a good time". She accepts. According to you, since she is of legal age no crime is being committed, and more importantly: as an adult she should have known better. Perhaps she should have googled that phrase beforehand. Maybe, before accepting, she should have talked to the twit neighbor's twit kid and asked for a second opinion? Perhaps she should have been responsible enough to keep around a couple dozen rubbers.
See: YOU are the horny college kid who see nothing wrong with bleeping the retarded girl. That is your ethical level. THAT is how responsible people like yourself deal with the weak. >>