How does one become a Financial Backer in a coin firm?

Longacre

In a previous post, I asked about how coin firms finance their purchases when they make large purchases at a particular auction. For example, at the recent Morse auction, Pinnacle wrote in its market report that their bank account took a "serious hit". Also, Legend's market report indicated that Laura was "pulling cash out of her brassiere all night long" to pay for all of the purchases they were making.

Some people responded that some firms (and I have no clue as to Pinnacle's or Legend's status) have short term financial backers that provide funds to cover short term cash needs. I assume those financial backers are individuals. Does anyone know how someone becomes one of these "financial backers"? For example, say someone had a few million dollars they were looking to invest on a short term basis, how would you go about developing a financing relationship with a coin firm? Does anyone know what type of terms are negotiated?

Outhaul

<< <i>How does one become a Financial Backer in a coin firm? >>


Drink copious amounts of alcohol and carry Tums by the wheelbarrow load.

mgoodm3

I have to say that you do ask the hard questions around here.

Cladiator

Ask Laura.

RKKay

<< <i>how would you go about developing a financing relationship with a coin firm? >>



Show me the money!

questor54

It's easy to become a Financial Backer. Just send me all your money.

BigE

It's probably like anywhere else, you get to be buddies with people and when they ask to borrow 100K you tell them ok but you want an extra 10k back in 30 days------------------BigE

RKKay

<< <i>It's probably like anywhere else, you get to be buddies with people and when they ask to borrow 100K you tell them ok but you want an extra 10k back in 30 days------------------BigE >>



Eric: Where's that $100k we discussed the other day?

RYK

Send me some money, and you can be a backer of The Three Rivers Collection.

topstuf

<< <i>Does anyone know what type of terms are negotiated? >>



How many worms fit in a can?

BigE

Hi Rick, sorry I changed my mind, Laura's brasierre won out over your shower cap-------------BigE

RKKay

<< <i>Hi Rick, sorry I changed my mind, Laura's brasierre won out over your shower cap-------------BigE >>



So that's how it is?

cullenbryant

payday loans

roadrunner

Ask Tom Noe.

roadrunner

Mercury

payday loans



I'm in the paycheck business, this kills me!


edit: I am in the business of writing paychecks not paycheck loans, just wanted to make that known

XXX

<< <i>

<< <i>Does anyone know what type of terms are negotiated? >>



How many worms fit in a can?

>>



How long is a peice of string?

tradedollarnut

Don't do it - I think you'd rather sleep well at night.

MrEureka

Don't do it - I think you'd rather sleep well at night.

TDN - What could you possibly know about sleeping well at night?

morgannut2

You wouldn't sleep well either with a picture of Laura pulling money out of her bra at the Morse Sale!!!

Outhaul

<< <i>payday loans >>



Loans of candy bars?