Jewelry/coin shops are they any better than the hotel buyers??

mbbiker

Warning this is just venting if you odn't like reading those threads click your back button now....

I needed some cash to buy a living room set for my new place so I brought 5 5oz ATB pucks and a $5.00 gold constitution commem to a jewelry/coin shop in town that had a posted buy price of $33.50oz silver and $1720oz. gold. Layed it out on the showcase for them to look at and they didn't know what any of it was. They wouldn't make an offer on the pucks at all because they didn't know if it was real or not. After about 45mintues online he said he could give me $225.00 for the $5.00 commem. It is what it is the sale on the living room set is over I know not to go there again. But what really gets me is he has a board outside his store with his buy prices listed per ounce yet offers just over half of melt for the commem and wouldn't even offer on silver. Idk what laws are but it just rubbed me wrong and reminded my why I do all my buying/selling on the forum, HA, or Teletrade.

BAJJERFAN

They aren't obligated to buy anything, esp. if they are uncomfortable about what it is they are buying. That being said, it's hard to believe that they are ignorant of the 5 ounce ATB coins.

atarian

1.) if its out of their comfort zone they wont buy
2.) and if they have too much of something ( more than they can handle believe it or not)

are reasons they might pass on items.

pennyannie

Their comfort level is about 30 percent of what it is worth. One ounce of gold (say gold is 1800) would be $540 dollars. I do not really care what dealers, hotel buyers pay as you do not have to use them if you plan ahead. Convience cost money.

Coinosaurus

Odd. If they won't pay posted prices for the items you mention, then for what items would they pay posted prices?

Do they need an armored truck from Fort Knox with bars of bullion, personally accompanied by President Obama and a notary public to validate his guarantee of authenticity?

More likely they are posting a buy price as a "starting point" for negotiation, not as an "actual price."

mkman123

I agree with coinosaurus, they put the prices to probably lure people to bring stuff into their shop but won't even come close to paying those prices

ricko

I posted a couple days ago about a mall kiosk in this area that offered morning gold fix minus $125 for one ounce bullion AGE's. That was the most reasonable 'we buy gold' spot I have found. Cheers, RickO

TwoSides2aCoin

I just bought a bunch of silver yesterday. The guy is buying a Harley and is gonna flip it in spring. Maybe you just found the wrong dealer. I joked recently with a few competitors that I recently saw a car dealer with a larger sign that read " WE BUY GOLD".

Having seen that , I'm considering putting up a sidewalk sign that reads : "WE SELL CARS"

mbbiker

<< <i>I agree with coinosaurus, they put the prices to probably lure people to bring stuff into their shop but won't even come close to paying those prices >>



Must be what they do it just seems like a "bait and switch" kind of thing to make you think your getting the posted price. Just was interesting that they didn't even know what the ATB pucks were. I didn't sell all that was wasted was a little time, thanks for letting me vent. Enjoy whats left of the weekend.

dorkbar

As for the $5 Constitution, since they have the buy-price sign up, bait and switch is too kind. Thieving comes to mind.

As for the ATBs, one might wonder how the word coin got into their name.

TwoSides2aCoin

<< <i>As for the $5 Constitution, since they have the buy-price sign up, bait and switch is too kind. Thieving comes to mind.

As for the ATBs, one might wonder how the word coin got into their name. >>



Easy to understand the ponderance with the ATB . The MINT assigned the denomination of ONE QUARTER to the thing. So, it's worth a quarter. Right ?



Playing devil's advocate here

johnny9434

money. it sure is an evil thing

PerryHall

[q}Easy to understand the ponderance with the ATB . The MINT assigned the denomination of ONE QUARTER to the thing. So, it's worth a quarter. Right ? >>



And a chain cent is worth a cent. Right?

Weather11am

Sell your stuff here, on the BST forum.

LanLord

Is it possible that the price listed was their sell price rather than buy?

RichieURich

<< <i>. . . . .
5 5oz ATB pucks and a $5.00 gold constitution commem to a jewelry/coin shop in town that had a posted buy price of $33.50oz silver and $1720oz. gold. Layed it out on the showcase for them to look at and they didn't know what any of it was. >>



So this "jewelry/coin shop" is so advanced and staffed by such experts that they don't even have a Redbook to look up the stuff? Wow!

messydesk

If they know how to post bullion buy prices, they should know what bullion the US Mint has offered for sale. He also knew damn well what was in the commemorative $5, otherwise would not have offered anything. Those are both the kinds of things that should be well within the comfort level of the most skittish bullion buyers. So the buyer is either a moron, undeserving of your future business, or was simply looking to rip you off and make a huge margin on bullion.

OldEastside

I'm looking at a "We Buy Gold" ad on the cover of
the PennySaver, right now, and it has a coupon
for a 30% BONUS if you sell us your GOLD NOW!
It also states a 110% match Guarantee an well
as they pay the highest prices Gheesh It makes
me giggle, It also shows pictures of St.Gaudens
$20's and $10 Indians as well as Rolex's and
Patek Phillipe watches and all that other grimey
yuckey Jewelery no one wants anymore, He He

Steve