Interesting situation - our coin show is Saturday, and an ad comes out that a company is in town buy
Geoman
Posts: 2,491 ✭✭✭
We are having our 3rd Annual Coin Show this Saturday. I have been running an nice ad in the newspaper under the collectibles section. It's a large font sized ad with a box around it and everything in bold. Been running it for 2 weeks now. I checked it again today and see a similar sized boxed out ad advertising to buy coins silver gold and jewerly at the local hotel on Thursday and Friday before our show on Saturday.
Do you think this was intentional? Pretty bad timing at the least.
We know how most of these companies operate. Basically, people bring in the coins, etc to sell, they complain about how badly your coins are, and low-ball you extremely low - usually only paying cents on a dollar. Last time there were in town over a year ago, I heard them paying $4.00 per Morgan. Also, a collector came by with a very rare half dollar. It was certified NGC. He had looked up the price ahead of time. At first, he was offered only $100, then when he said no, they offered him $200. He told them to get real, it was worth far more than that. They looked at the sheets again, and offered $500. He got up to leave, they told him ok, they would give him $1,000. As he walked out, they shouted out after him they would pay $3,000. It was worth between $7,000 - $8,000. He called me afterwards to tell me the story.
I am half tempted to go down there and warn people to be careful, and if they are not happy with the offer they receive, please come to our coin show on in 2 days at the Radisson, which happens to be a block away. Would you do anything?
Do you think this was intentional? Pretty bad timing at the least.
We know how most of these companies operate. Basically, people bring in the coins, etc to sell, they complain about how badly your coins are, and low-ball you extremely low - usually only paying cents on a dollar. Last time there were in town over a year ago, I heard them paying $4.00 per Morgan. Also, a collector came by with a very rare half dollar. It was certified NGC. He had looked up the price ahead of time. At first, he was offered only $100, then when he said no, they offered him $200. He told them to get real, it was worth far more than that. They looked at the sheets again, and offered $500. He got up to leave, they told him ok, they would give him $1,000. As he walked out, they shouted out after him they would pay $3,000. It was worth between $7,000 - $8,000. He called me afterwards to tell me the story.
I am half tempted to go down there and warn people to be careful, and if they are not happy with the offer they receive, please come to our coin show on in 2 days at the Radisson, which happens to be a block away. Would you do anything?
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Comments
offers for their coins and they should come to the coin show instead, no doubt the buyers will find out about it pretty quickly and you might get in trouble.
<< <i>It would be tempting to pass out flyers to everyone entering the place to warn them they they are going to get ripped off on the
offers for their coins and they should come to the coin show instead, no doubt the buyers will find out about it pretty quickly and you might get in trouble. >>
Hire the local Boy Scout troop to do it. Get nerdy ones that look like they know a lot about coins and have them tell everyone to sell at the coin show instead.
coins,swords,art,antiques,pocket watches,stamps,etc , then its just their schedule .
They come through our area about twice a year , then move on to the next hotel
at the next city . If this group is interested only in coins , then maybe I can agree with you
<< <i>no doubt the buyers will find out about it pretty quickly and you might get in trouble. >>
The first amendment is a beautiful thing... if this were Best Buy outside Circuit City, that would be one thing... but when you're dealing with scum, who cares if they don't like it?
<< <i>
<< <i>no doubt the buyers will find out about it pretty quickly and you might get in trouble. >>
The first amendment is a beautiful thing... if this were Best Buy outside Circuit City, that would be one thing... but when you're dealing with scum, who cares if they don't like it? >>
I'm with you to a point Jeremy, but they may express their displeasure with a baseball bat.
<< <i>Intentional? probably not . If these are the same people who make the rounds , buying
coins,swords,art,antiques,pocket watches,stamps,etc , then its just their schedule .
They come through our area about twice a year , then move on to the next hotel
at the next city . If this group is interested only in coins , then maybe I can agree with you >>
I agree.
About a year ago one of these sleaze bag operations came to town with the same ad. I sent a 20 year old down with a raw Mint State 1914 D Lincoln. They offered $400
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Many people who have no idea what they have, come down and bring there stuff and think there being paid fair.
jim
<< <i>I am half tempted to go down there and warn people to be careful, and if they are not happy with the offer they receive, please come to our coin show on in 2 days at the Radisson, which happens to be a block away. Would you do anything? >>
yes i would, & yes i have. these are the types of outfits that blight the hobby, & sadly, most all of 'em are in league w/ dealers that have good reputations in the business. in other words, they are like secret divisions of major coin dealers.
K S
102 capped bust half dollars - 100 die marriages
BHNC #198