GOLD $800 a ounce

indiananationals

ok may sound crazy but i went to a coin show today and was looking at a dealers gold coins and he pulls out a 2006 1/2 krugerrand NGC PR70 ULTRA CAMEO and says give me 400 for it im sitting there in disbelief did i hear him right .... im thinking what is the catch am i missing something here ...so i stand there for a minute and i say ok i think i will take it pay him 400 and walk away to silvertownes table as im lost is it fake or something things like this dont happen do they so i ask them to look at it for me he says yea its goo i will give u 725 for it right now well i took the quick profit and am going to invest in a old slabbed piece of gold ....deal of the show or what

roadrunner

It happens. Though usually a dealer catches the error (or seller informs dealer) before finally letting it walk. I certainly can't explain it.

You must be a good customer of his!

roadrunner

Barndog

hitting the pipe hard right before the public comes in is not conducive to making a profit. Wonder if the dealer ever figured it out.

MrSpud

Maybe someone just sold it to him for $300?

PerryHall

Perhaps he thought it was a quarter ounce.

indiananationals

<< <i>Perhaps he thought it was a quarter ounce. >>



that is what i was thinking but it was even slabbed

mrearlygold

I would have brought it back to him and mentioned his oversight. We all make mistakes. But that's me.

CaptHenway

<< <i>Perhaps he thought it was a quarter ounce. >>



That was my thought. With a melt of $340, $400 would be about right for the grade indicated.

TomB

Without question the dealer thought it was a quarter ounce. It is likely that I would have told him of his error, but I am not slamming you for your decision.

indiananationals

i just couldnt give up half a ounce for 400 ......thats like once in a lifetime

30AnvZ28

<< <i>i just couldnt give up half a ounce for 400 ......thats like once in a lifetime >>



But you immediately sold it? Its not like you took advantage of a situation to add to a pile.

indiananationals

yes i sold it to buy more gold

Goldbully

<< <i>yes i sold it to buy more gold >>



No offense, but if you decided to keep your "so called" profit and buy more gold.....

......I wouldn't be blabbing it on a public forum.

True colors can be most telling.

CaptHenway

<< <i>ok may sound crazy but i went to a coin show today and was looking at a dealers gold coins and he pulls out a 2006 1/2 krugerrand NGC PR70 ULTRA CAMEO and says give me 400 for it im sitting there in disbelief did i hear him right .... im thinking what is the catch am i missing something here ...so i stand there for a minute and i say ok i think i will take it pay him 400 and walk away to silvertownes table as im lost is it fake or something things like this dont happen do they so i ask them to look at it for me he says yea its goo i will give u 725 for it right now well i took the quick profit and am going to invest in a old slabbed piece of gold ....deal of the show or what >>



If a dealer bragged that somebody walked in his door and said "I want $400 for this Proof quarter Krugerrand, and it was a half ounce and the dealer bought it for $400, what would be the reaction on this site?
TD

30AnvZ28

<< <i>

<< <i>ok may sound crazy but i went to a coin show today and was looking at a dealers gold coins and he pulls out a 2006 1/2 krugerrand NGC PR70 ULTRA CAMEO and says give me 400 for it im sitting there in disbelief did i hear him right .... im thinking what is the catch am i missing something here ...so i stand there for a minute and i say ok i think i will take it pay him 400 and walk away to silvertownes table as im lost is it fake or something things like this dont happen do they so i ask them to look at it for me he says yea its goo i will give u 725 for it right now well i took the quick profit and am going to invest in a old slabbed piece of gold ....deal of the show or what >>



If a dealer bragged that somebody walked in his door and said "I want $400 for this Proof quarter Krugerrand, and it was a half ounce and the dealer bought it for $400, what would be the reaction on this site?
TD >>



I think we all know everyone would try to overthrow the dealer.

halfhunter

<< <i>

<< <i>yes i sold it to buy more gold >>



No offense, but if you decided to keep your "so called" profit and buy more gold.....

......I wouldn't be blabbing it on a public forum.

True colors can be most telling. >>



I'm having a hard time understanding why anyone would think that the OP did anything underhanded or unethical!
I'll bet the dealer had recently bought it, knew exactly what he had in it, and turned a profit. What's wrong with that?
The big loser is probably the person that the dealer bought it from ! ! ! JMO

HH

Justacommeman

<< <i>

<< <i>

<< <i>yes i sold it to buy more gold >>



No offense, but if you decided to keep your "so called" profit and buy more gold.....

......I wouldn't be blabbing it on a public forum.

True colors can be most telling. >>



I'm having a hard time understanding why anyone would think that the OP did anything underhanded or unethical!
I'll bet the dealer had recently bought it, knew exactly what he had in it, and turned a profit. What's wrong with that?
The big loser is probably the person that the dealer bought it from ! ! ! JMO

HH >>



I don't find that plausible at all. MJ

indiananationals

he just bought it a few hours earlier ...so ...i really dont feel i was in the wrong if u go to a dealers table and u see a coin u know is worth 700 and he says give me 400 are u going to say oh no sir that is much to cheap i would like to pay u more of my hard earned money .....i find it hard to believe anyone in there right mind would pony up the extra money

thanks halfhunter for seeing my point

PerryHall

<< <i>he just bought it a few hours earlier ...so ...i really dont feel i was in the wrong if u go to a dealers table and u see a coin u know is worth 700 and he says give me 400 are u going to say oh no sir that is much to cheap i would like to pay u more of my hard earned money .....i find it hard to believe anyone in there right mind would pony up the extra money

thanks halfhunter for seeing my point >>



Don't feel guilty about ripping the dealer. He probably paid well below what he charged you for the coin.

gecko109

<< <i>i just couldnt give up half a ounce for 400 ......thats like once in a lifetime >>





I hope to never see you in an "unethical dealer bashfest" thread here!

gecko109

<< <i>

<< <i>

<< <i>yes i sold it to buy more gold >>



No offense, but if you decided to keep your "so called" profit and buy more gold.....

......I wouldn't be blabbing it on a public forum.

True colors can be most telling. >>



I'm having a hard time understanding why anyone would think that the OP did anything underhanded or unethical!
I'll bet the dealer had recently bought it, knew exactly what he had in it, and turned a profit. What's wrong with that?
The big loser is probably the person that the dealer bought it from ! ! ! JMO

HH >>




I'd bet an ounce of gold that you are wrong.

tcmitssr

<< <i>

<< <i>i just couldnt give up half a ounce for 400 ......thats like once in a lifetime >>





I hope to never see you in an "unethical dealer bashfest" thread here! >>



Entirely different, and unrelated, subject matter.

The dealer was either careless or didn't care. The rip was deserved.

BlindedByEgo

Hard to see where the OP would be in the wrong - he was (at least according to his account) only responding to a clear offer. The earlier "pipe hitting" comment seems appropos.

PerryHall

<< <i>

<< <i>

<< <i>i just couldnt give up half a ounce for 400 ......thats like once in a lifetime >>





I hope to never see you in an "unethical dealer bashfest" thread here! >>



Entirely different, and unrelated, subject matter.

The dealer was either careless or didn't care. The rip was deserved. >>



Agree. The dealer is a professional and should be held to a higher standard.

indiananationals

thanks all i had to share it with someone it was to amazing/once in a lifetime to not tell everyone i could ...my only regret was not asking to see what else he had purchased that day that he would sell......