Coins in Storage Shed TV auctions

pocketpiececommems

How real is this? What person rents a storage locker with tons of coins or guns or other valuable stuff worth thousands of dollars and then lets it go? On the other hand how many times do these bidders get burnt?

GRANDAM

The valuable lockers usually get sold when the owner goes to jail or dies and noone knows he had the locker

GrandAm

Type2

That is right!! You may have a locker and your kids don't know of it or they see the bill and say all dad has in ther is junk. So they take the INS $$$ and rip up the locker bill and let the locker go to the bottem feeders like me ya we all need to eat LOL and that is one of many ways this happens. Do you find guns "YES" do you find Coins "YES" do you find rings "YES" and you find alot of other things to. Just look in you garage you can find all that + in a locker.One needs to go out and look and see what it's all about befor saying it's fake some of it may be but alot of it is true. I bought a locker once for $90 bucks and found $800 in Gold 1 Silver Eagle some house stuff that I sold for $400 and some comic books I sold them for $65. That was not a bad bet for $90 bucks I always say I'll pay $50 to $100 to look why not. But that is just me.

comma

Of course it's real. Like others have said, it happens all the time. The storage unit companies sell the lockers when the renter doesn't pay. period. The reasons for someone not paying could go on and on. You just have to get lucky and have a little knowledge when buying them...obviously the hard part

Coinosaurus

Probably in some cases the storage locker people would pay the bidders to remove the junk.....so they can rent it out again......

Cakes

<< <i>The valuable lockers usually get sold when the owner goes to jail or dies and noone knows he had the locker

GrandAm >>



hospital, military, can't get back in the country, etc...

AUandAG

Death is the usual culprit. My father took out a life insurance policy in 1965 and he died in 1990
and nobody, including Mom, new about the policy. I just collected on in a couple of months ago.
Turns out it was a paid up policy so no monthly, yearly premiums were ever due.

bob

nutmeg

I am in the skeptic camp when it comes to these made for TV shows. Storage Wars always has the same bidders. Come on, any auction has new and different bidders. The goodies are planted in there, the actors get their salary if they win or lose. There is always an expert to take the stuff to, who are just actors also.
While the show is somewhat interesting I can't believe most of it. Just for the heck of it keep track of how many units are won for $375 especially by Barry. Yeahuuupp.

JamesMurray

<< <i>I am in the skeptic camp when it comes to these made for TV shows. Storage Wars always has the same bidders. Come on, any auction has new and different bidders. The goodies are planted in there, the actors get their salary if they win or lose. There is always an expert to take the stuff to, who are just actors also.
While the show is somewhat interesting I can't believe most of it. Just for the heck of it keep track of how many units are won for $375 especially by Barry. Yeahuuupp. >>



How do we explain Jarod and Brandi selling the contents of various lockers on ebay ?

nutmeg

The show producer doesn't want the leftover crap. It's probably in the contract to give the stuff to the actors. Why aren't there other bidders?

JamesMurray

There are other bidders , lots of them. The camera concentrates on the cast and the auctions they win. I remember one recently with an irate young man winning the bidding,it was assumed he was the defaulting owner and was upset it had went to auction.

D

The storage unit auctions are real and they happen on almost a daily basis. If you purchase one you're typically responsible for the cleanout of the locker within a specific period of time. 28-48 hours is typical. You need to purchase your own locks and bring them with you to re-lock up your newly bought unit for that period of time.

I've personally seen someone spend $800 on a closed locker only to open it up and find someones old rotten fruit stand. Once purchased, they were liable for the cleanout of the entire contents of the locker. The part that's not super realistic on the show is the fact that every locker is viewed before purchase. In most states, the lockers STAY CLOSED unless there's something valuable, or presumed valuable inside. If something of known or possible value is inside then the locker is opened so people can see it and go crazy with bids.

Don't forget, the purpose of selling the lockers is to recoup losses and things by the storage company.

nutmeg, I'm not certain if you've watched the program but there's always more bidders. The show producers are probably in-contract with the shows "stars" so they only showcase the winnings of the participants that they pay. You can only pay so many people .

It's also important to note that most ultra-active locker-purchasers work in teams with trucks and things. It's not uncommon to have multiple storage unit auctions at different locations on the same day. So while I'm sure a lot of it is embelleshed for TV, things like "Storage Wars" aren't completely out of the question.

-D

Peacemonkey

Its all fake. Stay away. EVERYONE PLEASE STAY AWAY

nutmeg

I watch the show when it isn't a rerun. Just not sure how "real" it is. You have to admit there is more drama than needed. Once in a great while there are coins, paper money or precious metals, etc.
Like most TV shows it's much contrived pulp and hype.

hiijacker

The show is staged in the sense that the show's producer plant all the materials inside the random storage units and then stop paying. These units eventually go to auction. The producers tell the show's stars to bid on these units. They don't tell them what is inside, so it is a total surprise to them, if it is a good unit or a dud. The are provided with a salary per episdoe that they can use to bid and win on, or just keep the money. That is why you always see the same actors bidding against each other on these units, as often, they unit is already won by one of them, and then they stage the rest as if it is being bid just between them.

libertydude

I only like the 'appraisal' portion of these types of shows. The rest is overly dramatic, poorly acted, unrealistic, etc.

timcoin

The whole thing doesn't seem very "moral" to me. I don't know a whole lot about how it works or what obligation, if any, the company who rents the storage lockers have to reach out to next of kin, but if I ever found out my father had a storage locker filled with sentimental family items, and a storage company auctioned off his belongings because of a late payment and they never tried to reach out to me, I'd be pissed.

Tomthecoinguy

I'm convinced they are real, they are just heavily edited. Auction Hunters is very upfront about the editing. They have a disclaimer in big letters in front of every show saying they do hundreds of auctions each year, and they are just showing you the best.

SaorAlba

<< <i>

How do we explain Jarod and Brandi selling the contents of various lockers on ebay ? >>



At some point Jarrod is going to put Brandi up for bidding and I think Barry will be the high bidder.

JamesMurray

<< <i>

<< <i>

How do we explain Jarod and Brandi selling the contents of various lockers on ebay ? >>



At some point Jarrod is going to put Brandi up for bidding and I think Barry will be the high bidder. >>



I reckon Barry would have some "stiff" competition though : )

19Lyds

<< <i>I am in the skeptic camp when it comes to these made for TV shows. Storage Wars always has the same bidders. Come on, any auction has new and different bidders. The goodies are planted in there, the actors get their salary if they win or lose. There is always an expert to take the stuff to, who are just actors also.
While the show is somewhat interesting I can't believe most of it. Just for the heck of it keep track of how many units are won for $375 especially by Barry. Yeahuuupp. >>

It's a TV Show.

I doubt that its staged though since the amount of tape that is presented to the viewers is a professional presentation of what occurred. In making the presentation, the producer is free to choose whatever "successes" or "failures" that occur in order to make an entertaining show.

In other words, what you get to see is perhaps 10% of what actually went down.

Make no mistake though, there is a huge potential in this type of activity just like there's huge potential in buying "lots" of coins. Sometimes you win big but most times you either break even or lose.

It's a TV show designed and presented in such a way as to promote the viewers interest. THAT is where the REAL money is!

johnny9434

its a tv show. who knows these days for sure

libertydude

<< <i>The whole thing doesn't seem very "moral" to me. I don't know a whole lot about how it works or what obligation, if any, the company who rents the storage lockers have to reach out to next of kin, but if I ever found out my father had a storage locker filled with sentimental family items, and a storage company auctioned off his belongings because of a late payment and they never tried to reach out to me, I'd be pissed. >>



I don't know a whole lot about this process either. My opinion is that, unless, the renter leaves next of kin information with the storage owner, I don't see why the company should be expected to track them down. That would basically convert the company into a debt collection agency. I don't see anything 'immoral' about a company trying to recoup their losses due to a negligent customer. If I were in the position that you described, I'd be pissed at my father for not telling me about the storage locker or leaving it in his will.

RhinoRacing

Does anyone know what Barry does or what he did to get his money?

JamesMurray

<< <i>Does anyone know what Barry does or what he did to get his money? >>



Yes , that was brought up recently on TMZ , when interviewed some time back Barry said he and his brother were produce importers or had a business supplying produce for over 20 years. He must have made plenty going by his car collection and contacts he has , not bad when you can take a guitar to Aerosmith to get checked out.

JupitarCoins

<< <i>

<< <i>

How do we explain Jarod and Brandi selling the contents of various lockers on ebay ? >>



At some point Jarrod is going to put Brandi up for bidding and I think Barry will be the high bidder. >>




I think there would be many many bidders bidding for her, hell I sure would!! lol

northcoin

This was a fun old thread to come across.

Have there been any recent coin discoveries of note?

MsMorrisine

I think they are salted.

one locker had some proof and mint sets, a SAE or two and some magnetic fakes.

jokingjoker

Dave Hester is suing saying, in part, that yes they are salted.Text

19Lyds

<< <i>I am in the skeptic camp when it comes to these made for TV shows. Storage Wars always has the same bidders. Come on, any auction has new and different bidders. The goodies are planted in there, the actors get their salary if they win or lose. There is always an expert to take the stuff to, who are just actors also.
While the show is somewhat interesting I can't believe most of it. Just for the heck of it keep track of how many units are won for $375 especially by Barry. Yeahuuupp. >>

I agree witgh Ya!

The thing that is kinda irritating is that the buyers ALWAYS give a price that the "think" they can sell an item for. Most of us know that not to be true.

Besides, wasn't there some scandal in the recent past where these lockers were "seeded" just to make an interesting television show?

It is, after all, nothing more than another television show.

Any truth to this??

ricko

It is reality TV, of course most of it is staged. That is not to say that real storage locker auctions are fake...they happen, and treasures are found. Also useless junk. Unclaimed luggage is another area that often yields surprises - soon there will be a TV show about that. Cheers, RickO

Type2

<< <i>Does anyone know what Barry does or what he did to get his money? >>

He is retried his mom and dad own a big produce co in L.A his brother still runs it he is a nut in a good way.

DrBuster

<< <i>It is reality TV, of course most of it is staged. That is not to say that real storage locker auctions are fake...they happen, and treasures are found. Also useless junk. Unclaimed luggage is another area that often yields surprises - soon there will be a TV show about that. Cheers, RickO >>



You're about a year late on the luggage thing. Baggage Battles is all over it.