Porn 101014
tneig
Posts: 1,505 ✭✭✭
Sold nothing, bought nothing.
Why are we not seeing wheel barrels full of new buys?
Why are we not seeing wheel barrels full of new buys?
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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
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
"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
<< <i>Picked up a roll of Britannias from JM earlier this week and hopefully some misc libertads for my album tonight. >>
I'm still waiting for mine although the UPS guy just delivered the A-Mark 10 oz bars that I bought from them for 75 cents per oz over spot. Of course spot was higher when I bought them.
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
$1500 BIN - Auction 1
$925 and still going - Auction 2
<< <i>Got two of these in the mail this week. 2014 7-piece proof Libertad set. This set has a mintage of only 250!
Coinfame,Kaelasdad,Type2,UNLVino,MICHAELDIXON
Justacommeman,tydye,78saen,123cents,blue62vette,Segoja,Nibanny
And buyers aren't offering realistic prices, they think every piece of pm ever made is tied solely to the value of whatever the paper value of it is.
There's always 2 sides.
<< <i>This is the first year they have ever made a 7 coin set. They only made 250 and all of them were only sent out to two lucky US distributors. This is very unusual since in previous years the bulk of the sets have gone to Europe. You won't find these at APMEX, and I for one am happy about that. Last year those cherrypickin MFers broke apart a large number of the gold and silver sets to submit them to TPGs. They sold the 69s and 70s on their website and put the rejects back in the sets to sell them. These 250 sets sold out almost instantly on pre-order back in June so you can only find them second hand now, like on eBay and they are going for moon money. >>
This is very similar to the cherrypicking APMEX did with the release of the 5oz ATB when they came out...seems to be a recurring business model for them to select out the better items for grading and selling at higher prices and then putting their rejects back into inventory sell to unsuspecting customers as unpicked over coins. They never mention what they sell is picked over by them.
Very disappointing in my view.
#1
#2
#3
So I chose #1 and #3.
I knew it would happen.
It might still be available. If I had the garage space, I might investigate further.
I knew it would happen.
What an item goes for item eBay over the course of the last 2 months averaged, then take 10% off that.
Like it or hate it, eBay sets pricing as the BASE of which to work from.
<< <i>What are "realistic prices" to you?
What an item goes for item eBay over the course of the last 2 months averaged, then take 10% off that.
Like it or hate it, eBay sets pricing as the BASE of which to work from. >>
For dealers buy prices?
<< <i>
<< <i>What are "realistic prices" to you?
What an item goes for item eBay over the course of the last 2 months averaged, then take 10% off that.
Like it or hate it, eBay sets pricing as the BASE of which to work from. >>
For dealers buy prices? >>
You're lucky to get offered melt from most dealers. POM is right that eBay is the best venue for selling rare bars.
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
<< <i>
<< <i>What are "realistic prices" to you?
What an item goes for item eBay over the course of the last 2 months averaged, then take 10% off that.
Like it or hate it, eBay sets pricing as the BASE of which to work from. >>
For dealers buy prices? >>
I think for dealers pricing to walk in buyers, but Pom can clear his point up, either way it's a business model for failure...
<< <i>Well, It's still a hobby for me. A business model would obviously completely be more of the low life low ball numbers it would take to have said business and be profitable. jmho >>
Let me get this straight, because they don't offer you enough for your stuff and own a business, that makes them a low life, right? If you're so well educated on this and know the avenues to sell your stuff for more realistic prices in your mind, then you should do just that instead of judging the dealers in your area as low lifes. In fact, they have a business to run and they run it on profit, not making you feel good about your purchases that you're trying to sell to them.
Point missed completely, please see your sig. line.
<< <i>This is the first year they have ever made a 7 coin set. They only made 250 and all of them were only sent out to two lucky US distributors. This is very unusual since in previous years the bulk of the sets have gone to Europe. You won't find these at APMEX, and I for one am happy about that. Last year those cherrypickin MFers broke apart a large number of the gold and silver sets to submit them to TPGs. They sold the 69s and 70s on their website and put the rejects back in the sets to sell them. These 250 sets sold out almost instantly on pre-order back in June so you can only find them second hand now, like on eBay and they are going for moon money. >>
Question - I know less than nothing about coin grading, and honestly can't see the difference between grades after a certain point. I've been buying silver rolls for a while (mostly maples and ASEs, hopefully not cherry picked, never bought from AMPEX) - is it at all worth opening rolls to try to find higher grade examples? What should I be looking for?
<< <i>Let me get this straight, because they don't offer you enough for your stuff and own a business, that makes them a low life, right? If you're so well educated on this and know the avenues to sell your stuff for more realistic prices in your mind, then you should do just that instead of judging the dealers in your area as low lifes. In fact, they have a business to run and they run it on profit, not making you feel good about your purchases that you're trying to sell to them.
Point missed completely, please see your sig. line. >>
I didn't miss your point at all. You basically stated that anybody in business is a low life. I just took that line and all the rest of your posts and consolidated them into your basic outlook of what you believe of dealers. Unless of course you don't believe anything you post...
For ASEs, I'd say that most of the coins ever made are still in original tubes and that a relatively low percentage of them have been screened for grading, hence it's not worth a major effort to try and isolate the 70 grades. Maybe I'm wrong. Apmex does have a program that they sell Mint rolls with a seal to verify that Apmex never opened them. I might consider buying 5 oz. ATBs this way, but not ASEs.
For Maples, or Aussie Silver, Chinese Silver or Britannias and such, there are markets developing in all of these series, and I suspect that the market is worldwide now to the extent that the earlier issues in high grades might be good speculations. You almost have to specialize in the area in order to know for sure.
I knew it would happen.
PP, let me give an example that has stuck with me thru the years of why I don't think highly of dealers that lowball.
Old lady walks into the store while I happened to be in it browsing. She brings in ALL of her deceased husbands hoard he'd amassed over the years. She has her grandson help bring it in because of the weight and because it's that much. (Dealer never offered to help bring any of it in, strike 1).
Once it's all in the store, the dealer waits on other customers rather than start going thru it all. Keep in mind, this was an appointment the old lady made. It's not like she was just showing up, the dealer should've set time aside solely for the old lady. Apparently the dealer thinks nothing of the old ladys time being she made an appt.,...strike two.
I'm still browsing thru a bin of Morgans and have time so I'm taking it. Maybe I can get in on some old stuff that's been put away for 30+ years, right? I'll wait it out and maybe get that rare chance...so yes, I'm a bit of a weasel like that, I admit it, so what, we've all done it.
Finally the dealer starts rummaging thru it all, he's obviously looking for those special items too. No biggie, that's what he's in business for, I know and respect that fact.
The dealer does some math on the calculator and shoots the lady a number. The old lady and grandson confer and decide to take it. The dealers reassures them it is a fair price and they did right by bringing it to him, and to bring more if they have more.
The old lady and grandson leave, they aren't 10 feet out the door and the dealer says to his son, who happens to work for him, "what a f'in score! I gave them 20% of what this is all worth! I'm going to be making $ on this for the next year." I don't think they realized I was still over in the corner sorting thru Dollars.
So the weasel I am, I ask if there's any rarer bars. Dealers says, hell yeah! I ask if I can look thru them, he knows I collect the better bars and pay good money, I don't lowball on that stuff, if I want it, I know I better pay up because I might not get another chance at it.
Dealer says, let me sort better thru it, come back in a couple weeks.
So I do go back in a couple weeks and ask about them. Dealer says, "turns out there wasn't any of the bars you like, I scrapped almost all of it."
I know that's a lie because I saw some 3, 25 & 50 oz Engelhards...strike three. I haven't gone back since.
If you're being honest, you know you have seen something similar to this happen, we probably all have. Some perhaps have even done it.
All I'm saying is PP, it takes a certain kind of person to do what this particular dealer did. Dont get me wrong either, I'm all for someone making a buck, but giving 20% of a collections value to an old lady and grandson just because the dealer knew they were ignorant to the value and that this would be the one time dealing with them, he choose to be what he is, a low life.
The swirls on it looks like it's made of wood, even cooler in hand than the pics show.
<< <i>I didn't miss your point at all. You basically stated that anybody in business is a low life. I just took that line and all the rest of your posts and consolidated them into your basic outlook of what you believe of dealers. Unless of course you don't believe anything you post
PP, let me give an example that has stuck with me thru the years of why I don't think highly of dealers that lowball.
Old lady walks into the store while I happened to be in it browsing. She brings in ALL of her deceased husbands hoard he'd amassed over the years. She has her grandson help bring it in because of the weight and because it's that much. (Dealer never offered to help bring any of it in, strike 1).
Once it's all in the store, the dealer waits on other customers rather than start going thru it all. Keep in mind, this was an appointment the old lady made. It's not like she was just showing up, the dealer should've set time aside solely for the old lady. Apparently the dealer thinks nothing of the old ladys time being she made an appt.,...strike two.
I'm still browsing thru a bin of Morgans and have time so I'm taking it. Maybe I can get in on some old stuff that's been put away for 30+ years, right? I'll wait it out and maybe get that rare chance...so yes, I'm a bit of a weasel like that, I admit it, so what, we've all done it.
Finally the dealer starts rummaging thru it all, he's obviously looking for those special items too. No biggie, that's what he's in business for, I know and respect that fact.
The dealer does some math on the calculator and shoots the lady a number. The old lady and grandson confer and decide to take it. The dealers reassures them it is a fair price and they did right by bringing it to him, and to bring more if they have more.
The old lady and grandson leave, they aren't 10 feet out the door and the dealer says to his son, who happens to work for him, "what a f'in score! I gave them 20% of what this is all worth! I'm going to be making $ on this for the next year." I don't think they realized I was still over in the corner sorting thru Dollars.
So the weasel I am, I ask if there's any rarer bars. Dealers says, hell yeah! I ask if I can look thru them, he knows I collect the better bars and pay good money, I don't lowball on that stuff, if I want it, I know I better pay up because I might not get another chance at it.
Dealer says, let me sort better thru it, come back in a couple weeks.
So I do go back in a couple weeks and ask about them. Dealer says, "turns out there wasn't any of the bars you like, I scrapped almost all of it."
I know that's a lie because I saw some 3, 25 & 50 oz Engelhards...strike three. I haven't gone back since.
If you're being honest, you know you have seen something similar to this happen, we probably all have. Some perhaps have even done it.
All I'm saying is PP, it takes a certain kind of person to do what this particular dealer did. Dont get me wrong either, I'm all for someone making a buck, but giving 20% of a collections value to an old lady and grandson just because the dealer knew they were ignorant to the value and that this would be the one time dealing with them, he choose to be what he is, a low life. >>
I've seen it too many times.
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
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
I may have to admire this one for awhile PH lol, but you know me, I'm always open to offers...ultimately everything is for sale.
jmski52, I think your wife is going to Love it!
Read the whole thing, you obviously didn't and if you say you did, you're lying or rlse you wouldn't have just said that.
I took the time to give you an example, one that you seemed to require and that really happened, and that's the best you can do, lie?
Read the whole thing, all the way to the end, and take your time this time, your doubt will be squelched.
We always offer to help customers bring in items but if I'm the only one in the store and have customers, that obviously can't be done until I've finished with them.
On that same note...if I'm trying to finish up with a couple of customers and my appointment comes in, I'm going to finish with the existing customers. That's common sense. Appointment or no, they were here first. If I have help, that person either starts working with the appointment folks until I'm free, or, alternately, takes over my customers (and I explain it to them).
I don't normally put much stock in the "evil dealer ripped the old widow" stories here as a rule but have no reason to doubt what was said as I obviously wasn't privy to said interaction. That said, I find it rather implausible that a dealer would forget that someone was going through inventory and then loudly boast that he bought silver at 20% of melt. But, if true... it does seem a bit disingenuous that someone supposedly so disgusted by such behavior would stick around to try to get a piece of the action. Just saying.
RIP Mom- 1932-2012
<< <i>Awesome, you forgot to mention that the dude left to take a couple phone calls interrupting their appointment and took at least 2 bathroom breaks. I also noticed that you were so disgusted with their unethical and slimy business practices that you went back, riding your white horse of course, to see if you could buy some rare things for what you believed were "fair prices", always fair in your opinion
Read the whole thing, you obviously didn't and if you say you did, you're lying or rlse you wouldn't have just said that.
I took the time to give you an example, one that you seemed to require and that really happened, and that's the best you can do, lie?
Read the whole thing, all the way to the end, and take your time this time, your doubt will be squelched. >>
I didn't lie, I basically told you that your story was cliche and then mentioned that if it was so distasteful why did you go back. You see, you try to put yourself above everything as holier than thou, when in fact your actions were not better than the dealer you mentioned. That's not a lie, that's an in your face, using your story, truth.
<< <i>Hmmmm....idk..I'm sort of a sucker for #2 jmski52.
It might still be available. If I had the garage space, I might investigate further.
I've done #2 for years (that didn't come out right.) So doing #1 and #3 is a nice reprieve. Garage space: Yeah that's a big problem here. I went from a 5-car garage to barely fitting two. Once one has had all that space it's difficult to adjust. I have half of my sheit hanging from the ceiling via a series of pulleys.
You asked for an example, and I gave the one that has stuck with me for years.
And so damn what that I went back. I'd be a fool not to to get the chance at some rarer bars. I'd do it again if I knew of the opportunity to do so, and I'd possibly have some collectible items, and you'd have your pride. You know that God despises pride, right? "just sayin". You keep pretending to be something you're not, and I'll keep it real being who I am. Go ahead and judge, He doesn't think too highly of someone doing that either.
I'm telling you, with the declining value of everyones pm's, the hate on here has never been more thriving than ever. Take it out on someone on a chat board for your own bad decision making. Sucks to be (some of) you.
Edit to add after a thought, i wonder if it's classic employee mentality versus a biz owner mentality...
Maybe maybe not, but the elementary reading comprehension is quite amazing...
<< <i>Oh PP, you crack me up. You were there, right? You've seen it all and my example that you requested is "cliche". ok, whatever. I couldn't pull that story out of my arse if I tried to.
You asked for an example, and I gave the one that has stuck with me for years.
And so damn what that I went back. I'd be a fool not to to get the chance at some rarer bars. I'd do it again if I knew of the opportunity to do so, and I'd possibly have some collectible items, and you'd have your pride. You know that God despises pride, right? "just sayin". You keep pretending to be something you're not, and I'll keep it real being who I am. Go ahead and judge, He doesn't think too highly of someone doing that either.
I'm telling you, with the declining value of everyones pm's, the hate on here has never been more thriving than ever. Take it out on someone on a chat board for your own bad decision making. Sucks to be (some of) you. >>
I'll slow down for you.
a) you stood there and watched this entire "ripped of grandma" story and did nothing.
b) after watching the transaction and listening to the dealer brag about his deal, you inquired about the tainted booty
c) you actually went back and inquired about the goods a 2nd time
d) you are the one judging the area dealers as rip off artists and are now trying to put it on me
e) I claimed to be nothing, and now you're projecting more of your nonsense onto me
f) I'm not taking anything out on you, just pointing out that your stories are very hypocritical
g) then you go out of your way to try to put yourself above others on here again, with your last paragraph, and since the post is directed at me, I will go ahead and believe it is directed at me directly, which is truly hilarious
h) I wonder how everyone's metal is going down in price, but not yours, yet you're the one constantly complaining about the crappy buy prices. I wonder if reality will every hit you to the point that those buy prices you're getting are real and your stuff is declining and value, also? It seems to me it is, but you don't want to believe it and therefore can only state the dealers in your area are thieves to hide that reality from yourself.
Don't expect others to pay for my own losses because i paid 2 much, and need to find someone as smart as me to pay what I (over)paid?...
<< <i>Stupid, can't be fixed. Done! >>
Obviously
Obviously
Right back at ya.