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At the risk of maybe sounding like I'm complaining...

piecesofmepiecesofme Posts: 6,669 ✭✭✭
in Precious Metals
I actually want to pass on some advice, free at that.

I sold some .999 .5/.6 troy oz $10 Casino tokens on eBay and it was just like I went to the casino. I lost my arse on them. I didn't even get MELT, on all of them. image

So my advice is something you may already know, but I'm gonna say it anyway. Dont waste your time with .999 silver casino tokens! What a waste of time and effort having taken detailed pictures and editing (cropping) both sides of the rounds, listing them, packaging and shipping them. And it doesn't stop there...I have more to sell! image
ok, I'll stop there because I am complaining, but I hope that everyone can learn from my mistake.
To forgive is to free a prisoner, and to discover that prisoner was you.

Comments

  • carew4mecarew4me Posts: 3,493 ✭✭✭✭
    image

    Loves me some shiny!
  • jmski52jmski52 Posts: 23,229 ✭✭✭✭✭
    Yes, liquidity has a definite value. Definitely.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Was told by the guy that sold them to me, "yeah, people collect these and you'll do well with them." So I figured, what the heck, take a chance, right? WRONG!
    Don't get me totally wrong, I enjoyed the transactions and all that, all but 1 have paid me, but man, what a waste of my time. Talk about having to earn it.
    Chalk it up to inexperinece with this type of item I guess image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • stealerstealer Posts: 4,030 ✭✭✭✭


    << <i>Was told by the guy that sold them to me, "yeah, people collect these and you'll do well with them." >>


    Was it a dealer? Whenever a dealer says "you'll do well with this one" it is synonymous (to me) with, "you're going to be stuck in a hole if you buy this".
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Yeah a dealer, and one I've done ALOT of business with, so that makes it even more surprising to me that he would mislead me this way.
    It's my fault though for putting $ into something that I knew nothing about.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • bestmrbestmr Posts: 1,795 ✭✭✭
    I think they are kinda cool looking and have some nice history to them but they don't go with what I already collect.
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • OPAOPA Posts: 17,141 ✭✭✭✭✭
    Most silver Strikes are only worth slightly above melt. Strike collectors know that and bid accordingly taking into account s&h fees.
    I suspect you will have better luck on eBay with your PCGS OG holders that you just acquired on the BST though.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jdimmickjdimmick Posts: 9,776 ✭✭✭✭✭
    definitely the wrong place to sell them, they dont bring didly squat.

    I get them in all the time, and ship them out with the junk .999 silver. along with the xmas rounds, special bars, and sports figure rounds, stuff people wont buy.

    My in store silver customers only buy basic generic .999 silver , not novelty crap.
  • AmigoAmigo Posts: 966 ✭

    Yep, I could tell from your asking price on BST that you were expecting too much.

    Those things are a nightmare for someone that melts them. Many things have a higher melting point than silver, example is Stainless steel blades. The blades can be pulled out of the melting pot clean as a whistle with the borax. They wont melt for nearly 1000 degrees hotter. Brass on the other hand melts at a slightly lower point than silver. Therefore you end up with a very low quality batch that requires a lot of time and chemicals to separate. Just not worth it without a large discount. Those things are good for nothing but collectors.
  • tydyetydye Posts: 3,894 ✭✭✭
    Been there done that. I ended up melting the rest of mine. If you hit them with a hammer the brass and silver separate.

    Oh and do not buy foreign proof sets even at 80% of melt. I just barely broke even on the things after looking them all up and separating them in to 925, 900, 800 and 500 fine.
  • MilesWaitsMilesWaits Posts: 5,421 ✭✭✭✭✭
    I looked at the spread at APMEX as I know nothing about this token: Sell price $21.46 and their buy price is $13.41!
    Now riding the swell in PM's and surf.
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    a casino token is probably about one notch below a holiday or graduation art bar engraved with someone else's name, in terms of collectibility.

    Liberty: Parent of Science & Industry

  • JackrabbitJackrabbit Posts: 266 ✭✭
    I have probably around 100 of them and try to stay with the old west theme. Alot of Indians, outlaws, sheriffs and etc. I also collect puffless pete silver strikes, as well as different tribes. Might be interested in some if there not duplicates..
  • PerryHallPerryHall Posts: 46,823 ✭✭✭✭✭


    << <i>I looked at the spread at APMEX as I know nothing about this token: Sell price $21.46 and their buy price is $13.41! >>



    That's quite a buy/sell spread. Is that typical for bullion by APMEX?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    All good advice from everyone. So the saying goes...now I know.
    I'm still kind of irked the long time relationship dealer that sold me them misled me on this, but ultimately it's my fault for not being wise enough to know better. It's defintiely a lesson learned.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • jmski52jmski52 Posts: 23,229 ✭✭✭✭✭
    For me, I'd say that the following applies:

    - If I am looking for an "investment", it has to be competitively priced, with a competitive spread, highly-liquid, easily re-sold and I must feel that appreciation is likely.

    - If I am "collecting" an item, it doesn't have to be as competitively-priced, the coolness factor has to be high, the resale possibilities should be relatively high, but appreciation is not essential although it is still desireable.

    - If I plan to "speculate", the price is whatever it is, the premium can be higher, the coolness factor must be there, and the re-sale is anybody's guess - but I take responsibility for the gamble and hope that I'm right.

    Most of the time - I invest. But I still like both collecting and speculating when the money is available.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TheBigBTheBigB Posts: 942 ✭
    I had bought one because it was neat, not as a bullion product. It is in the melt now.
  • Mission16Mission16 Posts: 1,413 ✭✭✭


    << <i>

    << <i>I looked at the spread at APMEX as I know nothing about this token: Sell price $21.46 and their buy price is $13.41! >>



    That's quite a buy/sell spread. Is that typical for bullion by APMEX? >>



    No.
    That reflects the fact that those tokens are not really bullion.
  • joefrojoefro Posts: 1,872 ✭✭
    At least sell all the remaining ones in one big lot, to save yourself more hassle.
    Lincoln Cent & Libertad Collector
  • PerryHallPerryHall Posts: 46,823 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>I looked at the spread at APMEX as I know nothing about this token: Sell price $21.46 and their buy price is $13.41! >>



    That's quite a buy/sell spread. Is that typical for bullion by APMEX? >>



    No.
    That reflects the fact that those tokens are not really bullion. >>



    Based on the OP's experience they apparently are.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • jmski52jmski52 Posts: 23,229 ✭✭✭✭✭
    <<That reflects the fact that those tokens are not really bullion. >>

    Based on the OP's experience they apparently are.

    Maybe Apmex believes that "it's all in the presentation".image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MilesWaitsMilesWaits Posts: 5,421 ✭✭✭✭✭


    << <i>

    << <i>I looked at the spread at APMEX as I know nothing about this token: Sell price $21.46 and their buy price is $13.41! >>



    That's quite a buy/sell spread. Is that typical for bullion by APMEX? >>



    At APMEX, Perry, a Sunshine round is $37.17 sell and $34.28 buy.

    Miles
    Now riding the swell in PM's and surf.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I have quite a few of them... they are interesting bits of memorabilia. Did not buy them as an investment, just as an offshoot of my coin collecting. They usually sell below melt unless one is an extreme rarity - and then you would need a collector to profit from that one. I will still pick up some if they are in good condition. Cheers, RickO
  • PerryHallPerryHall Posts: 46,823 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>I looked at the spread at APMEX as I know nothing about this token: Sell price $21.46 and their buy price is $13.41! >>



    That's quite a buy/sell spread. Is that typical for bullion by APMEX? >>



    At APMEX, Perry, a Sunshine round is $37.17 sell and $34.28 buy.

    Miles >>



    Sounds like a tighter buy/sell spread for frequently traded and highly liquid items and a wider buy/sell spread for the more esoteric items.


    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • WingsruleWingsrule Posts: 3,049 ✭✭✭✭
    Hmmm, "fresh from an estate sale" might have scared off a few buyers. Also, no indication of how much real silver they were getting, so unless they were collectors, I don't see anyone going in with strong bids.

    Flipping has its hazards as well as its rewards.

    There's always the 'reserve price' option for the balanceimage

  • RGJohnRGJohn Posts: 402


    << <i>I actually want to pass on some advice, free at that.

    I sold some .999 .5/.6 troy oz $10 Casino tokens on eBay and it was just like I went to the casino. I lost my arse on them. I didn't even get MELT, on all of them. image

    So my advice is something you may already know, but I'm gonna say it anyway. Dont waste your time with .999 silver casino tokens! What a waste of time and effort having taken detailed pictures and editing (cropping) both sides of the rounds, listing them, packaging and shipping them. And it doesn't stop there...I have more to sell! image
    ok, I'll stop there because I am complaining, but I hope that everyone can learn from my mistake. >>



    I'm in at 83% of melt.
    Open offer and yes, it's my best.
    Many, many perfect transactions with other members. Ask please.
  • OzzyAndyOzzyAndy Posts: 344
    I'd take them back to the dealer that sold them to you and see what he or she will offer.
    Still thinking of what to put in my signature...
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Hmmm, "fresh from an estate sale" might have scared off a few buyers. Also, no indication of how much real silver they were getting, so unless they were collectors

    I'm curious, why would saying they are fresh from an estate sale scare people off? I intentionally left out the weight because there appears to be some doubt if they are .5 or .6 troy oz's.
    Not that that makes a huge deal to me, but I didn't want to disclose an exact weight because then there's the buyer that says that I said it is .6 but he files a SNAD saying the one he got is .5.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    estate is a cliche word almost as bad as L@@k and will turn many people off. The content/value of these is uncertain, strike two. very thin collector market strike three

    Liberty: Parent of Science & Industry

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    estate is a cliche word almost as bad as L@@k and will turn many people off. The content/value of these is uncertain, strike two. very thin collector market strike three

    Really? I had no idea. I think the total opposite. When I hear estate sale, I hear something is on the market now that maybe has been socked away for a long time and there could be some gems in it. I guess when selling, I will take this into account though and not include the comment.

    To forgive is to free a prisoner, and to discover that prisoner was you.
  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    Too many people use "estate", and rip people off with replicas. Any experienced Ebayer will run for the hills seeing that in the title.
    Becky
  • WingsruleWingsrule Posts: 3,049 ✭✭✭✭
    When I hear estate sale, I hear something is on the market now that maybe has been socked away for a long time and there could be some gems in it.

    And maybe it has been off the market for awhile, but in this particular case, those items went through at least two sets of hands already (yours and the dealer you bought it from) before the buyer would ever see it. Perhaps that helps clear up why people avoid that phrase.

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Too many people use "estate", and rip people off with replicas. Any experienced Ebayer will run for the hills seeing that in the title

    Great! Now I'm being accused of ripping people off for using a word when I lost my arse on the deal image Unreal
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • OPAOPA Posts: 17,141 ✭✭✭✭✭


    << <i>Too many people use "estate", and rip people off with replicas. Any experienced Ebayer will run for the hills seeing that in the title

    Great! Now I'm being accused of ripping people off for using a word when I lost my arse on the deal image Unreal >>



    I don't believe anyone here has accused you of anything but being unfamiliar with the value, of run of the mill, $10 Casino Strikes.

    For curiosity's sake...can you direct me to the thread that "awarded you with the: "you suck award 1/30/2012"
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    You suck

    I don't believe anyone here has accused you of anything but being unfamiliar with the value, of run of the mill, $10 Casino Strikes

    It was a joke, you obviously haven't caught on to my sarcasm since I've been here, but you always seem very willing to pick apart everything I say. What gives with that?
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • silverstreaksilverstreak Posts: 225 ✭✭
    Thats the bad thing with the written word. Hard to put that sarcastic tone in the letters image.
    Currently working with nurmaler. Older transactions....circa 2011 BST transactions Gecko109, Segoja, lpinion, Agblox, oldgumballmachineswanted,pragmaticgoat, CharlieC, onlyroosies, timrutnat, ShinyThingsInPM under login lightcycler
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