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I am a little sick, I have a friend who sold......

BigRedBigRed Posts: 716
in Precious Metals
1000 EF-AU 1921 Morgan silver dollars for $10 each. I don't see him very often but he bought these in the 1979-1980 era when gold and silver were rising daily and I think he give just under $19 each for them. He showed them to me several years ago and they were nice unmessed with coins with barely any wear. He sold them a few months ago when silver was around $16 a ounce. He does not collect coins as you can guess and just bought them with the herd like everyone else back then. He told me he was just tired of having them around and sold them to a small town dealer. I did not tell him that I thought he got ripped off because it was to late. I did tell him I wished he would have called me first, he knew I was a coin collector.

Comments

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    what an idiot......he would no longer be my friend!!! He should have consulted you, 10 each, that coin store made out!
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • MeltdownMeltdown Posts: 8,774 ✭✭✭✭✭


    << <i>what an idiot......he would no longer be my friend!!! He should have consulted you, 10 each, that coin store made out! >>


    That's a little harsh.
    It's really a shame that he did not do a little bit of checking before he sold them though.

    Click on this link to see my ebay listings.

  • curlycurly Posts: 2,880 ✭


    << <i>what an idiot......he would no longer be my friend!!! He should have consulted you, 10 each, that coin store made out! >>





    Rather cold brother. If all my friends rejected me because I screwed up, I'd be a lonely man indeed.
    Every man is a self made man.
  • PerryHallPerryHall Posts: 46,085 ✭✭✭✭✭


    << <i>what an idiot......he would no longer be my friend!!! He should have consulted you, 10 each, that coin store made out! >>



    Agree. If he was any kind of friend he would have given BigRed first shot.



    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • cinman14cinman14 Posts: 2,489 ✭


    << <i>what an idiot......he would no longer be my friend!!! He should have consulted you, 10 each, that coin store made out! >>



    image you crack me up Mike.........
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,264 ✭✭✭✭✭
    The problem with opportunities is how hard they knock after the fact.
  • BigRedBigRed Posts: 716


    << <i>what an idiot......he would no longer be my friend!!! He should have consulted you, 10 each, that coin store made out! >>

    Actually he is a man of many talents (many more than me) he can do many things very well from working on houses to working on cars to artistic things, I think he just had a brain fart that day.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I might have been a little harsh, but if that was a friend of mine, I would be very disappointed. You would have given him proper advice or paid him more than the local coin store.
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • commoncents123commoncents123 Posts: 2,648 ✭
    Most coin shops will try to rip you off, especially when selling, nothing unusual there
  • carscars Posts: 1,904
    OUCH
    Its all relative
  • 1201reset1201reset Posts: 185 ✭✭


    << <i>Most coin shops will try to rip you off, especially when selling, nothing unusual there >>



    %^&$#*&@#$ COiN shop
  • PerryHallPerryHall Posts: 46,085 ✭✭✭✭✭


    << <i>Most coin shops will try to rip you off, especially when selling, nothing unusual there >>



    Unfortunately, you are correct.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • CoinHuskerCoinHusker Posts: 5,033 ✭✭✭


    << <i>

    << <i>Most coin shops will try to rip you off, especially when selling, nothing unusual there >>



    Unfortunately, you are correct.image >>



    image with the caveat of changing "Most" to "Many". image

    Didn't "dealers" get their name because they are the ones who usually get the "deal"...either buying or selling? image
    Collecting coins, medals and currency featuring "The Sower"
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    Woah, I found your buddies stash for you, maybe you can get them back...good luck!
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    Things like this happen and I suspect that he might have been in a cash crunch.

    And didn't want to admit that situation it to a 'friend'.

    I have never found that people sell things out of goodwill. They sell to make a profit or to pay bills.image
    Have a nice day
  • carscars Posts: 1,904
    even apmex pay $12.xx for them
    Its all relative
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