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This just isn't right

VikingDudeVikingDude Posts: 1,342 ✭✭✭
in Precious Metals
I was in the hometown this weekend. Reading through the local paper, I saw a half-page ad for one of those gold/silver/antique buyers setting up shop at a hotel for a few days. They actually said in the ad they were buying silver coins and paying 18 times face value! Not sure if I should feel sad for the people that fall for it or angry at the people doing the buying. In the classified section of the paper there was also an ad for a guy that was paying $2.09 for old dimes.

Comments

  • dontippetdontippet Posts: 2,606 ✭✭✭✭
    I absolutely don't see anything wrong with it. There is no deception, no swindling, just a business offering to buy your old items. If you want to get a second offer, then so be it. Is it wrong for one plumber to charge $800 for a job while another plumber quotes $600? As long as you get a few quotes, you should be able to weed out the expensive guy.
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  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    a fool and his silver are soon parted.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • gecko109gecko109 Posts: 8,231 ✭
    The same can be said of big box retailers. Suppose that a 42" plasma TV is $699 at one store, but the exact same TV is on sale at another store for $499. Is the first store a buncha crook swindlers? Of course not. Free market baby. Feel free to point out the lowballers.....but please dont call them swindlers.
  • coinguy489coinguy489 Posts: 30
    i went into one of them that came around here, they was giving 7$ for silver dollars, i just laughed and walked out,
    they wasnt boomin with buisiness or nothing
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>I was in the hometown this weekend. Reading through the local paper, I saw a half-page ad for one of those gold/silver/antique buyers setting up shop at a hotel for a few days. They actually said in the ad they were buying silver coins and paying 18 times face value! Not sure if I should feel sad for the people that fall for it or angry at the people doing the buying. In the classified section of the paper there was also an ad for a guy that was paying $2.09 for old dimes. >>




    Who would want to buy a guy that was paying $2.09 old dimes?image
    theknowitalltroll;
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>i went into one of them that came around here, they was giving 7$ for silver dollars, i just laughed and walked out,
    they wasnt boomin with buisiness or nothing >>


    Next time wear your "PAYING $20 FOR SILVER DOLLARS" with your cell number tee shirt.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>The same can be said of big box retailers. Suppose that a 42" plasma TV is $699 at one store, but the exact same TV is on sale at another store for $499. Is the first store a buncha crook swindlers? Of course not. Free market baby. Feel free to point out the lowballers.....but please dont call them swindlers. >>



    I bet the guy selling them for $699 can probably buy them cheaper from the place selling them for $499 than he can from his supplier.
    theknowitalltroll;
  • savoyspecialsavoyspecial Posts: 7,282 ✭✭✭✭
    >>I bet the guy selling them for $699 can probably buy them cheaper from the place selling them for $499 than he can from his supplier>>



    no sure of the relevance of this


    i cant believe i'm saying this but i agree with gecko as far as this thread is concerned

    www.brunkauctions.com

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>>>I bet the guy selling them for $699 can probably buy them cheaper from the place selling them for $499 than he can from his supplier>>



    no sure of the relevance of this


    i cant believe i'm saying this but i agree with gecko as far as this thread is concerned >>



    He is selling them for $699 because his costs are higher. I remember a local guy who had a TV store once saying he could buy TVs cheaper when K Mart had them on sale than he could from his distributor. Even tho it is distasteful, the traveling gypsy buyers have higher overhead. Sellers beware; you can't get taken if you don't want to.
    theknowitalltroll;
  • wpr102wpr102 Posts: 37
    How about that ad on TV that says the $2 bill is the rarest currency ever made, and that they will sell you a painted one for $20. Limited supply of course, lol
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