THE Daily RIP Post!!!!!

shottaker

Ok. Heres the deal. Everyone make an alternate account and post your biggest cruelest meanest rip of the day (even if made up)

That way we can keep all of the whiney know it alls who have never run a coin store nor could in ONE TOPIC!

Then we can get the rest of the forum back to info and show & tell.

rgCoinGuy

Bought for 50 cents off some old lady who needed some smokes, her oxygen tank was acting up and she was in a hurry.

19Lyds

<< <i>

Bought for 50 cents off some old lady who needed some smokes, her oxygen tank was acting up and she was in a hurry. >>



Hmmm.

cinman14

Mom stealing your coins again, Rob....

shottaker

Rofl

Thats the spirit!

originalisbest

Doing the right thing is being a whiney know-it-all. I see.

Bochiman

<< <i>

Bought for 50 cents off some old lady who needed some smokes, her oxygen tank was acting up and she was in a hurry. >>




That was no old lady...that was Russ!

kranky

I will repost a story I've shared before. I am not bashing dealers but since the thread is about rips I think this fits.

A few years ago I was helping PTVETTER at a show and an older guy came up to the table in the mood to shoot the breeze. He told me he was a retired dealer, and since I was wearing a dealer badge he assumed there was no reason to hold back. And this is what he told me...

"I was successful because I knew how to buy coins. I made the shop owners rich. That's where the money is - in the buying. You know you can't pay top dollar and charge the lowest prices in town. No one can make it that way. I knew how to buy. A lady came in one day and said, 'I have a coin but I don't want to sell it.' I said, 'Then how can I help you?' She said she wanted to trade it for silver dollars. You might not believe it, but she was holding a nice 1878-CC five. I asked her what she wanted to trade for, and she said she wanted eight silver dollars. I told her she could pick any eight from my case she wanted. Then I called one of the shop's owners and told him to come down to the shop right away. I gave him the five so he didn't have to share it with his partners and I never even wrote it up. I didn't like the other partners anyway. I think he sold it for ten grand.

"And see this ring? (It had a $5 Indian.) One time I was at a show where I didn't have a table when another dealer asked me to work his table while he went to lunch. While I was covering for him a guy came up and pulled out two big handfuls of loose gold coins to sell - two and a halfs, fives, eagles and double eagles. I was good at sizing people up. I could tell what they would accept right away. The guy was with his girlfriend and they didn't look like they knew much about coins. The girlfriend looked nervous and I figured the coins were stolen. So I offered him double face for the whole pile. He said, 'Hey, these are gold, aren't they?' And I said, 'Yes, but they aren't worth much. You could take them to someone else, but I pay cash and don't require any identification.' See, I wanted him to think other people would make the deal complicated. I knew the girlfriend would push him to take the money and sure enough she told him to just take the money so they could go. So when the other dealer came back I showed him what I bought and when I told him I only paid double face, he gave me this five and I had a ring made out of it."

silverpop

bought this off a dealer who is selling silver dimes at melt

shottaker

<< <i>Doing the right thing is being a whiney know-it-all. I see. >>



No but gloryfying a collector who rips a dealer is ok?

At least in a bulk deal I buy it might be unintentional.

You can argue the semantics forever, but as someone else on the forums said "where do you draw the line".

Ever buy something on Ebay too cheap becuse the person mispelled or missed something? Did you ever send them extra money? How bout every time?

Didnt think so

AndyMac

You paid fifty cents for that! Twenty-five cents would have been a rip! Rookie

shottaker

<< <i>You paid fifty cents for that! Twenty-five cents would have been a rip! Rookie >>



Naah 10 cents since we all know s mint mark coins are no longer legal tender.

At least thats what I tell them

originalisbest

I draw the line somewhere in the high figures. You know, around 5K or so. But hey, that's just me.

TennesseeDave

I bought 3 -2008 SAE's with the reverse of 2007 from a local dealer for $30 each.I asked if they knew about the errors and they said "No,never heard of them"I eventually sold the 3 for a total of over $1000.
I also bought a common date Morgan from the same dealer raw for $30 that I sent to Pcgs that slabbed as MS-66.

Type2

I once picked up a roll of 1960-D from a Dealer for $3.00 and it had 14 of this one in it. Most of them where MS-65RD.

pennyannie

That is a good story Kranky. I am just glad the world is not completely filled with people of that nature, and i do not doubt the story for a second.

PerryHall

<< <i>"And see this ring? (It had a $5 Indian.) One time I was at a show where I didn't have a table when another dealer asked me to work his table while he went to lunch. While I was covering for him a guy came up and pulled out two big handfuls of loose gold coins to sell - two and a halfs, fives, eagles and double eagles. I was good at sizing people up. I could tell what they would accept right away. The guy was with his girlfriend and they didn't look like they knew much about coins. The girlfriend looked nervous and I figured the coins were stolen. So I offered him double face for the whole pile. He said, 'Hey, these are gold, aren't they?' And I said, 'Yes, but they aren't worth much. You could take them to someone else, but I pay cash and don't require any identification.' See, I wanted him to think other people would make the deal complicated. I knew the girlfriend would push him to take the money and sure enough she told him to just take the money so they could go. So when the other dealer came back I showed him what I bought and when I told him I only paid double face, he gave me this five and I had a ring made out of it." >>



Sounds like this guy is bragging about receiving stolen property and ripping off a seller. Is he nuts or is he just bragging about his total lack of honesty?

ibzman350

Here is one !










Herb

originalisbest

Great story Kranky, and I too don't doubt it for a second. Glad some people are not this way -- dealers and collectors alike. "I knew how to buy" ("how to steal" is what he meant, of course.)

CaptHenway

Every dealer has had the experience of having somebody come in with a handful of circulated silver dollars, telling the person "I'll give you $11 each for these, and $200 for this one" and having the person say "Wow! I guess I'd better keep this one!"

originalisbest

Yep, my old dealer boss (now deceased) told the same, and said to me once his policy would be to buy all such dates as a group at one common price, then contact the seller later with the "happy news" that a better one was in the bunch, and offer them more $ for it. Of course, I never had the opportunity to see this in action, and he could've been feeding me a line. He was always a nice guy to me though, in all respects.

Res

<< <i>

<< <i>Doing the right thing is being a whiney know-it-all. I see. >>



No but gloryfying a collector who rips a dealer is ok?

At least in a bulk deal I buy it might be unintentional.

You can argue the semantics forever, but as someone else on the forums said "where do you draw the line".

Ever buy something on Ebay too cheap becuse the person mispelled or missed something? Did you ever send them extra money? How bout every time?

Didnt think so >>



Actually, I bought 50 dollars face of junk at about 9X several months ago. The dealer sent me 60$ face by accident. I let him know. He only charged me 50 bucks more. Not exactly the situation you described, but similar.

coindeuce

I bought a 9 piece Russian (Leningrad) Mint set yesterday from tydye for $12. What percentage of the true market value selling price should I send back to him?

doh

I once bought an 1834 Quarter Eagle from an old timer. He had the coin marked as XF, but I saw some luster around the stars...PCGS agreed and called the coin an AU50. Of course, that old timer was my grandfather and I still kid him about the rip to this day....

coindeuce

<< <i>I once bought an 1834 Quarter Eagle from an old timer. He had the coin marked as XF, but I saw some luster around the stars...PCGS agreed and called the coin an AU50. Of course, that old timer was my grandfather and I still kid him about the rip to this day.... >>



POTD!

Wardhaines

My one and only real rip.
Bought an 1893 nickle at auction with a 5% straight clip for $7.00. Sent to PCGS and came back an MS-65. About a $1200.00 + coin without the clip.

PerryHall

<< <i>I once bought an 1834 Quarter Eagle from an old timer. He had the coin marked as XF, but I saw some luster around the stars...PCGS agreed and called the coin an AU50. Of course, that old timer was my grandfather and I still kid him about the rip to this day.... >>



Is this the grandfather that used to have you in his will?

doh

<< <i>Is this the grandfather that used to have you in his will >>


Hmmm...I hadn't thought of that. I suppose that could be an issue....I'm still proud of my rip though This coin is actually on it's way to Becoka now, so I'll be able to show it off sometime next week.