Why Coin Dealers Drink--Part CCCCIII
CaptHenway
Posts: 32,749 ✭✭✭✭✭
From the dealer-to-dealer network this morning:
“Local jewelry store just purchased close to 700 bust halves...
Cull thru dirty Unc.....
paid $10 per coin straight thru.....
at least that is what he said......
If we buy this ...adv interest....”
Followed later by:
“Jewelry store guy just came in....
what he meant to say there was a "bust" on each half...
some had franklin and some had kennedy....”
“Local jewelry store just purchased close to 700 bust halves...
Cull thru dirty Unc.....
paid $10 per coin straight thru.....
at least that is what he said......
If we buy this ...adv interest....”
Followed later by:
“Jewelry store guy just came in....
what he meant to say there was a "bust" on each half...
some had franklin and some had kennedy....”
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
0
Comments
Too many positive BST transactions with too many members to list.
My icon IS my coin. It is a gem 1949 FBL Franklin.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Coin Rarities Online
<< <i>$10 per coin is more than fair. Perhaps jewelry store owners SHOULDN'T drink. >>
Depends on how many post 1964 Kennedy halves are in the group.
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>$10 per coin is more than fair. Perhaps jewelry store owners SHOULDN'T drink. >>
Depends on how many post 1964 Kennedy halves are in the group. >>
Indeed!
It's nice to know the network is set up for "all" the dealers to join in on screwing the little old lady or otherwise naive.
<< <i>It's nice to know the network is set up for "all" the dealers to join in on screwing the little old lady or otherwise naive.
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
Taylor
I am a YN and I do not want anybody to question my IQ Level! I don't know everything and came here to learn!
<< <i>It's nice to know the network is set up for "all" the dealers to join in on screwing the little old lady or otherwise naive.
An ignorant comment. The jewelry store has nothing to do with the dealer network. The coin dealer was just using the dealer network to make fun of the jewelry store.
<< <i>This thread is getting weird. Melt is for a 90% Kennedy is about $8.60 give or take. Jewelry guy paid $10 per "bust". That's about 16.4% more than the silver content. Seller did well, MHO. >>
Most Kennedy's are not 90%. Some are 40% and most are 0%. We need a date breakdown before we can see how badly the jeweler overpaid. Of course we are assuming the jeweler was being truthful when he claimed he paid $10 each.
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://ebay.us/m/KxolR5
"Had a guy in today to offer me a fantastic deal. He said that, even
though silver is plummeting, he would still pay me $20/oz for every
ounce I had on hand. I told him to come back when silver was $18 because
I can get $24 today. Then he became a little annoying. He said he
wouldn't repeat this offer and it was a good deal because he would take
it all as long as it was .999, even my silver eagles! I said "No".
Then he said "don't be a fool and pass on a deal like this."
I then politely asked him if he would like to leave on his own or if he
wanted help out the door."
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
<< <i>Posted this morning when silver was around $21.70 an ounce:
"Had a guy in today to offer me a fantastic deal. He said that, even
though silver is plummeting, he would still pay me $20/oz for every
ounce I had on hand. I told him to come back when silver was $18 because
I can get $24 today. Then he became a little annoying. He said he
wouldn't repeat this offer and it was a good deal because he would take
it all as long as it was .999, even my silver eagles! I said "No".
Then he said "don't be a fool and pass on a deal like this."
I then politely asked him if he would like to leave on his own or if he
wanted help out the door." >>
The dealer should have said that he's paying $22 so why should he sell for $20?
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>Posted this morning when silver was around $21.70 an ounce:
"Had a guy in today to offer me a fantastic deal. He said that, even
though silver is plummeting, he would still pay me $20/oz for every
ounce I had on hand. I told him to come back when silver was $18 because
I can get $24 today. Then he became a little annoying. He said he
wouldn't repeat this offer and it was a good deal because he would take
it all as long as it was .999, even my silver eagles! I said "No".
Then he said "don't be a fool and pass on a deal like this."
I then politely asked him if he would like to leave on his own or if he
wanted help out the door." >>
You were too nice with him, IMO.
Interests:
Pre-Jump Grade Project
Toned Commemoratives
<< <i>You were too nice with him, IMO. >>
You who? The OP was quoting a message posted by someone else on a dealer network.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com
Steve
<< <i>
<< <i>Posted this morning when silver was around $21.70 an ounce:
"Had a guy in today to offer me a fantastic deal. He said that, even
though silver is plummeting, he would still pay me $20/oz for every
ounce I had on hand. I told him to come back when silver was $18 because
I can get $24 today. Then he became a little annoying. He said he
wouldn't repeat this offer and it was a good deal because he would take
it all as long as it was .999, even my silver eagles! I said "No".
Then he said "don't be a fool and pass on a deal like this."
I then politely asked him if he would like to leave on his own or if he
wanted help out the door." >>
You were too nice with him, IMO. >>
I am retired. I do not work in a shop anymore. These quotes are from active dealers.
"A guy just came in the store and accused me of switching a $200.00 coin on
him,
30 years ago !!!
Then he accused me of cheating on my boss in Caro, Mi ...
I'v never been to Caro, Mi.
Yells out, what goes around comes around...then left...
How the heck do ya handle nut jobs like that ?
WOW !!!"
<< <i>Here's another one, again from the dealer-to-dealer network:
"A guy just came in the store and accused me of switching a $200.00 coin on
him,
30 years ago !!!
Then he accused me of cheating on my boss in Caro, Mi ...
I'v never been to Caro, Mi.
Yells out, what goes around comes around...then left...
How the heck do ya handle nut jobs like that ?
WOW !!!" >>
I wonder if the guy was wearing a Johnstown Chiefs sweater, and had tin foil wrapped around his knuckles...
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.american-legacy-coins.com