Paying $475 for First Spouse gold

morgansforever

This is what a local B&M offered me for an unc A. Adams with the box.
I was shocked, he claims no one is coming in to buy or sell, store has been dead.
I was thinking more like $600 or so. Is there a big correction coming?
scott

Smittys

Maybe there's a buying opportunity
If the place is "dead" bargains should abound.

More like a cheap dealer.

ttown

He's a crook. Just tell him you'll buy all you can for $550 from him at a big profit and see how he spins it back around. Then walk out and never come back.

gsa1fan

$600 is a lowball offer. I just bought one at $640 and was very pleased.

PerryHall

<< <i>He's a crook. >>

renman95

He must think gold will dip below $1k.

COINB0Y

Are you sure you didn't walk into a Holiday Inn Express by mistake?

tydye

Very foolish on the dealers part to make such a low ball offer on an easy money maker.

OnlyGoldIsMoney

The dealer was looking for a sucker and fortunately you knew better. I'd leave and never return.

CoinHusker

<< <i>

<< <i>He's a crook. >>

>>



I don't know if this is the case, but in these ever daily changing times, a dealer that buys according to the greysheet instead of the market, takes the risk of looking like just like that. And a dealer that pleads ignorance is an ignorant crook IMHO.

RGJohn

<< <i>This is what a local B&M offered me for an unc A. Adams with the box.
I was shocked, he claims no one is coming in to buy or sell, store has been dead.
I was thinking more like $600 or so. Is there a big correction coming?
scott >>



If he has conducted his business along the lines such as the example you cite, I can well understand why HIS business would indeed be dead. The wonder is that he isn't as well.
73% of melt ($1300 gold) is not a fair offer. $600 or so is a lot more like it, giving you some return and him some markup.

percyb

Wow. Ask him if he know the price of one ounce of gold. You should get well over $600 for it, if not $700.

morgansforever

<<Are you sure you didn't walk into a Holiday Inn Express by mistake? >>

Positive. Done business with him before a few times, always offers a full refund on his stuff.
First time I've attempted to sell. No, I didn't take his offer.
He told me that the smelters are full with First Spouses, it's gold, what the difference.

pf70collector

sell to apmex for melt at least $650.

HalfStrike

Maybe nobody comes in to sell because the prices offered are highway robbery.

Swampboy

I wonder what he would have offered for a half ounce AGE?