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I won't ever need to buy from BST after this! :)
mkman123
Posts: 6,849 ✭✭✭✭
Went to a flea market and a guy is there with lots of paper currency and various coins. I'm there early and I get to talking to him about 90%. He pulls out some 90% that he says he just bought earlier that week and wants to sell it quick and get his money back + extra profit.
8 fv franklins, wlhs, and jfks mixed in
2.75 fv quarters
.60 fv dimes
Total of 11.35 fv.
I ask him how much......he said, 5 dollars for two halves and so forth. I'm like sure sounds great with me!
In conclusion, I pay 64.75 for 11.35 FV of 90% AND AND AND he says he gets people selling 90% and morgans/peace to him all the time so if I check with him every Saturday, whatever he has bought he will offer it to me FIRST!! WOOOHOOOOO!!! I don't need to buy from bst anymore.......I can buy from him and stack very cheaply
8 fv franklins, wlhs, and jfks mixed in
2.75 fv quarters
.60 fv dimes
Total of 11.35 fv.
I ask him how much......he said, 5 dollars for two halves and so forth. I'm like sure sounds great with me!
In conclusion, I pay 64.75 for 11.35 FV of 90% AND AND AND he says he gets people selling 90% and morgans/peace to him all the time so if I check with him every Saturday, whatever he has bought he will offer it to me FIRST!! WOOOHOOOOO!!! I don't need to buy from bst anymore.......I can buy from him and stack very cheaply
Successful Buying and Selling transactions with:
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https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
Hopefully this pays off and I can slowly stack a respectable size hoard that would make you guys say: nice stack!
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I was thinking, ok if he wants 10-11x I'll get it anyways. Then he says, "2.50 per franklin, blah blah blah" and I had a grin on my face
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Have you been smoking or drinking tonight
I have no idea who is selling him this stuff, he must be buying at 2-4x FV!
I will keep everyone updated everyweek if I get more stuff from him!
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What I am saying is, I won't have to refresh the bst pages thousands of times daily from now on scouring for jdimmick deals, etc because I perhaps buy from this flea market person! If he does get lots of stuff in, expect to see me selling on the bst! LOL
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<< <i>lol, I don't smoke nor drink.
I have no idea who is selling him this stuff, he must be buying at 2-4x FV!
I will keep everyone updated everyweek if I get more stuff from him! >>
Maybe the coins are from China.
I knew it would happen.
<< <i>I say, you done good!!
Stack em deep and sell em cheap... Oh, wait.. Stack em deep and buy them cheap...
<< <i>Went to a flea market and a guy is there with lots of paper currency and various coins. I'm there early and I get to talking to him about 90%. He pulls out some 90% that he says he just bought earlier that week and wants to sell it quick and get his money back + extra profit.
8 fv franklins, wlhs, and jfks mixed in
2.75 fv quarters
.60 fv dimes
Total of 11.35 fv.
I ask him how much......he said, 5 dollars for two halves and so forth. I'm like sure sounds great with me!
In conclusion, I pay 64.75 for 11.35 FV of 90% AND AND AND he says he gets people selling 90% and morgans/peace to him all the time so if I check with him every Saturday, whatever he has bought he will offer it to me FIRST!! WOOOHOOOOO!!! I don't need to buy from bst anymore.......I can buy from him and stack very cheaply
Now, according to some people on here you are supposed to buy at full melt to be fair, and sell at no more than melt to be fair.
PREPARE TO BE ASSAULTED BY THE FORUM POLICE!!!!!!!!!!!!
There ain't no such thing as a free lunch - so be careful out there.
-Fred
Successful BST (me as buyer) with: Collectorcoins, PipestonePete, JasonRiffeRareCoins
Now if the guy comes up with much more 90% at 6X face, then it's likely stolen.
Be careful!
<< <i>
Now, according to some people on here you are supposed to buy at full melt to be fair, and sell at no more than melt to be fair.
PREPARE TO BE ASSAULTED BY THE FORUM POLICE!!!!!!!!!!!!
any other flea market stories?
1. he doesn't know the true value of silver
2. he's still making 100% profit as I'm sure he's only buying it for 3x and selling it for 6x.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
doubleeagles -I think he is making full profit as he probably is buying very very low.
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One of my best finds to date!
My YouTube Channel
5.50 FV in franklins and WLHs
.25 FV in barber quarter
=5.75 FV
Bought it for $35!!!!!!!!!!!!!!!!!!!!!!
Flea Market person says someone is suppose to come back later with some more silver coins and told me to check back on Sunday. WOOHOO!!
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walk up to him and offer 7X or 8X and become
the new buyer of 90% silver coins. Enjoy it while
it lasts.
Camelot
Renman -sorry, can't divulge coordinates
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renman95 wrote:
Do you have the GPS coordinates of the flea market dude?
===================================================
This could give new meaning to the term "geocaching".
<< <i>renman95 wrote:
Do you have the GPS coordinates of the flea market dude?
===================================================
This could give new meaning to the term "geocaching".
Its probably in a bad side of town anyway
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
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Last week
11.35 FV 90%
Cost: $64.75
This week
5.75 FV 90%
Cost: $35
Will continue to update this every week
Successful Buying and Selling transactions with:
deadhorse x3, tydye x2, silvereagles92 x10, connecticoin, meltdown, cartwheel, proofcollection, ajia, agentjim007, preturb x2, dpvilla, carew4me, coinlearner, wtcg x3, kryptonitecomics, weather11am, illini420, carlwohlforth, gecko109, broadstruck, thestig, collectorcoins, cars x6, pragmaticgoat x2, ajia x2, ACactionsx2, wildjag, Jkramer, theboz11, SeaEaglecoins, mustanggt, fishteeth, offmetal, bigdave, metalsman, goldsmid, silverbaron, zrlevin, koincrazy, coinminer1, bigeng, jabba, coll3ctor x3, coinshowman, raycyca x2, spacemonkey, ryguy, robkool, blackhawk, mrOrganic, scrapman1077 x2 -pending, millerjw -pending, scotty1418-pending, hyperion -pending, Loki -pending, guitarwes -pending
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at a flea market who are generally savvier then they look at first glance.
<< <i>amazing buys. hard to think you can get silver at that price from a person
at a flea market who are generally savvier then they look at first glance. >>
What he said
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<< <i>This same flea market person wants 25 for circulated morgans and peace. I think I will stick to halves, dimes, and quarters.....much cheaper!
Forget the Morgan dollars and keep buying the smaller stuff, maybe you'll get some barbers or even seated liberty coins for the smae price.
One time I was buying Mercury dimes and there were a bunch of seated dimes mixed in so I put them on the bottom of the Mercs I was stacking in piles of 10. I didn't count them at the time but when I got home I had bought nearly 60 Seated dimes for 40 cents each and included in this group was an 1885-S although it was only an AG-3, still I traded it in on a nice XF 1942/1 dime.
Countdown to this saturday and I will report what happens.........can't wait!!!
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<< <i>
<< <i>This same flea market person wants 25 for circulated morgans and peace. I think I will stick to halves, dimes, and quarters.....much cheaper!
Forget the Morgan dollars and keep buying the smaller stuff, maybe you'll get some barbers or even seated liberty coins for the smae price.
One time I was buying Mercury dimes and there were a bunch of seated dimes mixed in so I put them on the bottom of the Mercs I was stacking in piles of 10. I didn't count them at the time but when I got home I had bought nearly 60 Seated dimes for 40 cents each and included in this group was an 1885-S although it was only an AG-3, still I traded it in on a nice XF 1942/1 dime. >>
Thats borderline theft.....come on man.
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<< <i>
<< <i>
<< <i>This same flea market person wants 25 for circulated morgans and peace. I think I will stick to halves, dimes, and quarters.....much cheaper!
Forget the Morgan dollars and keep buying the smaller stuff, maybe you'll get some barbers or even seated liberty coins for the smae price.
One time I was buying Mercury dimes and there were a bunch of seated dimes mixed in so I put them on the bottom of the Mercs I was stacking in piles of 10. I didn't count them at the time but when I got home I had bought nearly 60 Seated dimes for 40 cents each and included in this group was an 1885-S although it was only an AG-3, still I traded it in on a nice XF 1942/1 dime. >>
Thats borderline theft.....come on man. >>
Why is it theft? They were mixed in with the Mercury dimes priced at 40 cents each, this was a long time ago when Silver was around $5 an oz. I picked out as many of the seated dimes as I could find and placed them under the Merc's he counted the piles of 10 and I paid him what he asked, I didn't know there was a key date seated dime until I got home. I've also picked 7-42/1-D and 1-42/1 mercury dimes out of bags of Silver I bought do you also consider cherrypicking these coins as stealing too???
<< <i>
<< <i>
<< <i>
<< <i>This same flea market person wants 25 for circulated morgans and peace. I think I will stick to halves, dimes, and quarters.....much cheaper!
Forget the Morgan dollars and keep buying the smaller stuff, maybe you'll get some barbers or even seated liberty coins for the smae price.
One time I was buying Mercury dimes and there were a bunch of seated dimes mixed in so I put them on the bottom of the Mercs I was stacking in piles of 10. I didn't count them at the time but when I got home I had bought nearly 60 Seated dimes for 40 cents each and included in this group was an 1885-S although it was only an AG-3, still I traded it in on a nice XF 1942/1 dime. >>
Thats borderline theft.....come on man. >>
Why is it theft? They were mixed in with the Mercury dimes priced at 40 cents each, this was a long time ago when Silver was around $5 an oz. I picked out as many of the seated dimes as I could find and placed them under the Merc's he counted the piles of 10 and I paid him what he asked, I didn't know there was a key date seated dime until I got home. I've also picked 7-42/1-D and 1-42/1 mercury dimes out of bags of Silver I bought do you also consider cherrypicking these coins as stealing too??? >>
If you really thought you were doing nothing wrong, then why did you purposely place the seated coins under the mercs? Because you were in effect "stealing" them.
Most people see this as stealing....I cant understand why you dont.
No. He didn't want to give the dealer a chance to change his mind. On a few rare occasions, I've shown interest in a dealer's coin that was marked with a price and when I tried to buy it, the dealer looked over the coin and then decided it was worth more and then he tried to raise his price. I naturally passed.
Worry is the interest you pay on a debt you may not owe.
<< <i>Thats borderline theft.....come on man. >>
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Well he said "boderline". It's not really theft.
Hey! Anybody know where I can pick up some Seated dimes for a buck?
In fact, if we're going to get all righteous here, I'm curious as to why no one seems to have a problem with the OP's purchases of silver far below melt price.
<< <i>It's not behavior I would condone, but I don't regard it as stealing. I explain why at p. 5 of Gecko's thread.
In fact, if we're going to get all righteous here, I'm curious as to why no one seems to have a problem with the OP's purchases of silver far below melt price. >>
Because the OP simply paid what the seller asked for. The other member engaged in deceptive behavior by proactively HIDING certain coins from plain view in an effort to have them go unnoticed. BIGTIME difference IMO!
<< <i>
<< <i>It's not behavior I would condone, but I don't regard it as stealing. I explain why at p. 5 of Gecko's thread.
In fact, if we're going to get all righteous here, I'm curious as to why no one seems to have a problem with the OP's purchases of silver far below melt price. >>
Because the OP simply paid what the seller asked for. The other member engaged in deceptive behavior by proactively HIDING certain coins from plain view in an effort to have them go unnoticed. BIGTIME difference IMO! >>
Like you wouldn't do the same thing..LOL. If the guy didn't want to sell the seated dimes for 40 cents each then why were they sitting in the same bin as the mercury dimes??? As stated the reason I placed them underneath the Mercury dimes is maybe he would change his mind or maybe he wouldn't who knows, he also could've picked up the dimes and looked through them but since I'd bought thousands of dollars of 90% coins from him I suppose he didn't have any reason to.
I suppose you think I stole from this guy when I found overdate mercury dimes in bags of 90% too.
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<< <i>In fact the next time you post a rip you got on a Silver bar or round I'll have to say that you stole from whomever you got it from...OK??? >>
I dont stack 10 common bars on top of 1 rare bar with the hopes that the seller wont notice....but you did EXACTLY THAT!
First of all, it has not been determined (From what I read) if the "Dealer" knew what he was selling or if the "Dealer" was actually one of the guys buddies that stole the coins from his dad. How does that make a difference your thinking right?
If it was a dealer and he had a ciger box with misc dimes (I have seen this before, you know, a junk box type) that he was selling for melt (At the time) and the dealer knew what he was putting in the box (Seaterd and Mercs) and overlooked the rare date, then all this guy did was buy the coins from the dealer and cherry picked the rare date (Unknowingly at the time).
The points to this scenerio are:
1. The dealer knew he was placing Seated and Mercs in the box.
2. The dealer accidently placed a rare dated coin in the box (Happens all the time, us collectors call it cherry picking).
Answer me this, when you cherry pick a coin, or are quoted well below the value of a coin, do you talk the dealer up in price saying, "Are you sure you only want to charge me $700, because that coin will sell for $950 all day" or do you purchase the coin for the price quoted then rave about the cherry pick?
With this logic, everyone that cherry picks is a thief... Hmmmm, something to think about.
This is where we enter a shady area...
1. Were the seated and merc in the same box? If not, then someone did something wrong. If they were, move onto number two.
2. Did the buyer feel like he was doing something wrong? If he does, in my opinion he was doing something unethical.
3. If this purchase was from someone who did not know what they were selling, then the process was enethical. (Meaning from his buddy that stole the coins from his dad...)
Just a few points.
Ray
No. The seller knows what coin he is selling (but may not realize current market values on it). No theft.
"2. Did the buyer feel like he was doing something wrong? If he does, in my opinion he was doing something unethical."
Of course he did. Why else would he take the time to be sure the seated dimes were out of sight, hidden at the BOTTOM of each of the piles he stacked? This is theft by intentional deception.
<< <i>"With this logic, everyone that cherry picks is a thief... Hmmmm, something to think about."
No. The seller knows what coin he is selling (but may not realize current market values on it). No theft.
Exactly my point, if the current market value is known by the buyer, and the seller does not. The transaction is complete with the dealer losing possible profit, does not make it theft by deception since the buyer KNEW for a fact that the coin was worth more?
"2. Did the buyer feel like he was doing something wrong? If he does, in my opinion he was doing something unethical."
Of course he did. Why else would he take the time to be sure the seated dimes were out of sight, hidden at the BOTTOM of each of the piles he stacked? This is theft by intentional deception. >>
I agree.
PS. Not trying to get in a pissing contest with anyone, just wanted to offer another view.
Ray
That was a joke, good job, keep a tally of all you receive from him and what you paid averaged out, I bet that would be interesting to track over the weeks/months/years.
Good luck,
Ray
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<< <i>who is this mr. paseo guy?? >>
He's one of the most respected, long term forum members there is. Mr. Paseo needs to prove himself to no one one this forum.