Somebody dumped silver at 8.00 oz at Coin club
jdimmick
Posts: 9,821 ✭✭✭✭✭
This evening, somebody came in with 80 silver rounds and dumped them at 8.00 each. Unfortunately I was in the first meeting of the quarter directors meeting so I missed the deal. Shortly after I told him he was a fool for selling that cheap!
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<< <i>This evening, somebody came in with 80 silver rounds and dumped them at 8.00 each. Unfortunately I was in the first meeting of the quarter directors meeting so I missed the deal. Shortly after I told him he was a fool for selling that cheap! >>
so, noone at the coin club warned him and they absorbed all 80 rounds from him?
a club of sharks?
going a bit cheap and should have been asking at least 11?
Did he think he was getting a fair deal?
<< <i>What was his reaction when you told him he sold too cheap? >>
<< <i>Sounds like he came in with a price in mind and was easily able to sell them at that price. I don't see any problem. >>
i agree, if he totally understood spot was ~11 dollars an ounce.
or was he a 69 year old gentleman who is getting on in years and
simply remembered paying around 5 bucks each 10 years ago?
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
I'm missing my club
``https://ebay.us/m/KxolR5
Or does the "club" buy these things with group funds?
commoncents123, JrGMan2004, Coll3ctor (2), Dabigkahuna, BAJJERFAN, Boom, GRANDAM, newsman, cohodk, kklambo, seateddime, ajia, mirabela, Weather11am, keepdachange, gsa1fan, cone10
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<< <i>A room for of coin collectors and every one screwed the guy. LOL Even if the guy brought up the 8 dollars i find it hard to believe that no one said any different. Now the excuses will fly. We thought it was .800 or 40 percent or.... >>
Do you think anyone gave him a kiss??
<< <i>Do you think anyone gave him a kiss?? >>
Even I get that joke.
``https://ebay.us/m/KxolR5
<< <i>
<< <i>Do you think anyone gave him a kiss?? >>
Even I get that joke. >>
There are too many variables here.
Example, a long while ago, I posted about how I fessed up to an older lady and did not take advantage of the fact that she had given me the equivalent of a few thousand dollars in gold certificates. Sure, I could have said THANKS MAM! BUT NOOOOOOOO. I do not regret the honesty, I do regret not having that paper in my collection. Oh well.
Anyway, if all parties knew each other, he bought it wholesale etc etc He gave away a gift etc etc hey, who knows.
HOWEVER, IMO, and I stress IMO, it would have been swell to have said, hey, this is a nice gesture, are you sure etc etc.
THE WORST, perhaps most impressive bend over (handcuff the ankles and wrists together please) happened to my grandfather who at 102 years of age, a WW1 vet, decided to put, the face value, repeat face value of 1 grand in 20 dollar gold pieces into his SAVINGS ACCOUNT. AND 2 days later, he could go to his bank and withdraw the whopping sum of 1 grand, although, I think we all know that in 1985, those coins were worth just a tad more than 20 bucks a pop. NOT A SOUL recalled the coins. NOT ONE SPINELESS, MONO HELIXED, SNOT ENCRUSTED COWARDLY MAGGOT at that bank said, pardon me sir...........
SO, while he did not get a kiss, he did get his grandson to g to the bank and have a very special heart to heart with the teller, who was and shall be a thief in my eyes.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>
<< <i>What was his reaction when you told him he sold too cheap? >>
Your pic is missing the industrial sized can of lube at the side of the pile.
Otherwise LMAO
nothing wrong if it is done in the name of PROFIT ™
P R O F I T ™
hi, i'm tom.
i do not doctor coins like some who post in here.
<< <i>rippin dippin clippin whizzin tonin laserin .....
nothing wrong if it is done in the name of PROFIT ™
P R O F I T ™ >>
Sorry Homey.
Whitby dont play that.
Original rules for the banks (1934 period) were that they were supposed to grab the gold and turn it in to the FRB for face.
About 1956, the FRB issued new advice and advised banks that anybody attempting to turn gold in, should be alerted and sent to a coin dealer. (That bugs me a tiny bit. Mercy for the coin collector but gold certificates are still illegal to possess in that period.)
Evidently nobody remembers the rules or it is now all forgotten or they are all crooks.
<< <i><<NOT A SOUL recalled the coins. NOT ONE SPINELESS, MONO HELIXED, SNOT ENCRUSTED COWARDLY MAGGOT at that bank said, pardon me sir...........>>
Original rules for the banks (1934 period) were that they were supposed to grab the gold and turn it in to the FRB for face.
About 1956, the FRB issued new advice and advised banks that anybody attempting to turn gold in, should be alerted and sent to a coin dealer. (That bugs me a tiny bit. Mercy for the coin collector but gold certificates are still illegal to possess in that period.)
Evidently nobody remembers the rules or it is now all forgotten or they are all crooks. >>
EXACTO!!!!!
All you have to do is.
Gosh sir, I dont want to tell you what to do, BUT, youy have a HUGE KNOT and here is how a person would go about doing something........
<< <i>
<< <i>rippin dippin clippin whizzin tonin laserin .....
nothing wrong if it is done in the name of PROFIT ™
P R O F I T ™ >>
Sorry Homey.
Whitby dont play that. >>
i guess sarcasm is lost on you.
hi, i'm tom.
i do not doctor coins like some who post in here.
Get a grip people! The guy that would have spoken up and said those are worth $11 each would have been lynched by the other people lining up to by silver rounds at $8 each!!!
<< <i>
<< <i>
<< <i>rippin dippin clippin whizzin tonin laserin .....
nothing wrong if it is done in the name of PROFIT ™
P R O F I T ™ >>
Sorry Homey.
Whitby dont play that. >>
i guess sarcasm is lost on you. >>
No, its not lost, I had it surgically removed.
Given my name is a WV coal town, what would the odds be that I would say Homey??? Zero.
I was responding in kind. Humor is as humor does. My apologies if that was not clear
<< <i>If the guy came into a coin show/coin shop/coin club/anywhere that people buy and sell coins and said "I'm selling these silver rounds at $8 each!". Everyone of you would have taken the deal and ran. Came here and bragged about the rip!!! It's not like someone offered him $8 (then he could have said "No Way!"). He stated a price, and people took it! If he put them on E-Bay, people here that bought them would have been gloating for weeks!!!
Get a grip people! The guy that would have spoken up and said those are worth $11 each would have been lynched by the other people lining up to by silver rounds at $8 each!!! >>
Sorry, I am one of those who would have said, thanks, are you sure......Otherwise, if he said yeah, sure I would have bought.
<< <i>
<< <i>
<< <i>
<< <i>rippin dippin clippin whizzin tonin laserin .....
nothing wrong if it is done in the name of PROFIT ™
P R O F I T ™ >>
Sorry Homey.
Whitby dont play that. >>
i guess sarcasm is lost on you. >>
No, its not lost, I had it surgically removed.
Given my name is a WV coal town, what would the odds be that I would say Homey??? Zero.
I was responding in kind. Humor is as humor does. My apologies if that was not clear >>
no apologies needed.
what are the odds that anyone outside of your little coal town would even know it existed? zero.
funny.
hi, i'm tom.
i do not doctor coins like some who post in here.
``https://ebay.us/m/KxolR5
<< <i>
<< <i>
<< <i>
<< <i>
<< <i>rippin dippin clippin whizzin tonin laserin .....
nothing wrong if it is done in the name of PROFIT ™
P R O F I T ™ >>
Sorry Homey.
Whitby dont play that. >>
i guess sarcasm is lost on you. >>
No, its not lost, I had it surgically removed.
Given my name is a WV coal town, what would the odds be that I would say Homey??? Zero.
I was responding in kind. Humor is as humor does. My apologies if that was not clear >>
no apologies needed.
what are the odds that anyone outside of your little coal town would even know it existed? zero.
funny.
EXACTLY.
A town whose current population of 11, thats right not 12, but 11 would even understand.
And thus, they all lived happily ever after AFTER joining the cornhole line to get silver at 8 an ounce.
<< <i>A room for of coin collectors and every one screwed the guy. LOL Even if the guy brought up the 8 dollars i find it hard to believe that no one said any different. Now the excuses will fly. We thought it was .800 or 40 percent or.... >>
Hence, the mascot is named Cornholio
<< <i>If the guy came into a coin show/coin shop/coin club/anywhere that people buy and sell coins and said "I'm selling these silver rounds at $8 each!". Everyone of you would have taken the deal and ran. Came here and bragged about the rip!!! It's not like someone offered him $8 (then he could have said "No Way!"). He stated a price, and people took it! If he put them on E-Bay, people here that bought them would have been gloating for weeks!!!
Get a grip people! The guy that would have spoken up and said those are worth $11 each would have been lynched by the other people lining up to by silver rounds at $8 each!!! >>
Sorry Marty.
I wouldn't have sold my Morals for 240 bucks.... If I informed him of the current melt value and he still
wanted to sell at that price.. Fine. But I know for a fact 40% of the members here would not have ripped
this guy that bad..
I gathered my 40% number from past polls started by Gecko to reflect the morals this forum has shown towards unsuspecting
buyers... And the "all about me mentality" that seems rampant in todays society...
Of course as a master cherrypicker my post will probably sound stupid to you....
a $20 gold coin, any date. You could buy one at that time for $40.00.
He offered to sell it for $40 cash if nobody had the double eagle.
The club president got to him first and spent the next hour intently examining each coin as though
he might find a counterfeit.
Those of us watching noticed that there were only 4 different dates in the lot.
1901-S, 1913, 1914 & 1915, all Philadelphia.
Of course, he made the deal.
That's bugged me for over 50 years! Oh well, that's life.
JET
I collect all 20th century series except gold including those series that ended there.
<< <i>
<< <i>If the guy came into a coin show/coin shop/coin club/anywhere that people buy and sell coins and said "I'm selling these silver rounds at $8 each!". Everyone of you would have taken the deal and ran. Came here and bragged about the rip!!! It's not like someone offered him $8 (then he could have said "No Way!"). He stated a price, and people took it! If he put them on E-Bay, people here that bought them would have been gloating for weeks!!!
Get a grip people! The guy that would have spoken up and said those are worth $11 each would have been lynched by the other people lining up to by silver rounds at $8 each!!! >>
Sorry Marty.
I wouldn't have sold my Morals for 240 bucks.... If I informed him of the current melt value and he still
wanted to sell at that price.. Fine. But I know for a fact 40% of the members here would not have ripped
this guy that bad..
I gathered my 40% number from past polls started by Gecko to reflect the morals this forum has shown towards unsuspecting
buyers... And the "all about me mentality" that seems rampant in todays society...
Of course as a master cherrypicker my post will probably sound stupid to you....
Thank you
Again this situation has alot of variables which we do not know.
However, I was starting to get this mental image of the room lining up, dropping trou, grabbing a ten gallon barrel of lube and starting to chant RIGHT UP THE HATCHEROO FOR YOU. Every 8 dollar transaction was a bend over with his name on it.
Sorry, its just wrong to not at least provide a modicum of consideration in this instance.
<< <i>Rounds imported from China...copper core, with zinc coding
Genuine lead core and not some cheap immitation.
<< <i>A few more days like this and the seller of these $8 rounds may be crazy... like a fox. >>
Good point. Time will tell.
``https://ebay.us/m/KxolR5
<< <i>Sounds like he came in with a price in mind and was easily able to sell them at that price. I don't see any problem. >>
it is a comment like this that reeks of the typical unethical cheating mentality of most coin shop owners -
it is a comment like this that reeks of the typical unethical cheating mentality of most coin shop owners -
Who at least have overhead.
Steve