There are times when a company deserves to be put on blast, this is not even close to one of those times. I'm baffled that you felt the need to speak negatively about a company publicly over such a non-issue. Yeah yeah you were testing them to find out how honest they were and they betrayed you! Those snakes trying to trick you into selling them a dozen coins that are probably more hassle than they're worth for a company their size for a few dollars less than the printed fax that you didn't even reference. The horror!
@jkrk said:
Everyone can read this thread. Let everyone decide as they see fit.
Put all the blame on me if you wish. I'll accept all the responsibility.
I went to sell a small amount of gold on Tuesday and didn't have a pleasant experience.
Today I did.
Should we only post positive propaganda on these threads?
I'm not sure we should be posting positive or negative "propaganda".
I think people would have pushed back less if you had just told the story. But the story came across as judging the company for a faux test that you concocted and they failed. Especially over a $10 difference, it seemed like a harsh judgment of a very reputable company.
All comments reflect the opinion of the author, even when irrefutably accurate.
Given that 61 bid is $745, $740 is awfully strong. Is $740 from a dealer or a collector? Melt is $745. $740 is crazy money if you are trying to resell them.
All comments reflect the opinion of the author, even when irrefutably accurate.
Not at all, negative experiences are great to post to save others from shady people. Your beef to me is the equivalent of "I bought a coin from __________ on ebay and they took TWO days to ship!!!!!!". It's a non-issue.
If you would have simply said "hey your fax said $739 is there a reason you're only offering $720?" you would have got an answer - probably not one you wanted to hear but MAYBE it would have been "whoops honest mistake you're right" too you never know. You instead opted to keep quiet almost as if you wanted to have a bad experience to report on.
But... It was my experience and I was annoyed. No one is going to change opinions on the firm based on a $240 additional
I received a day later. Was the fax accurate? Same price quoted today. Did I find a person who needs coins today?
I am set off by the $240 differential. I'll blow the money by taking my wife to dinner tonight.
I made a personal judgement and posted it. Do you believe the company is cowering? it's meaningless. There are a thousand unreasonable people running around posting nonsense.
if people think the I'm one of them than ignore me.
@PhilLynott said:
Not at all, negative experiences are great to post to save others from shady people. Your beef to me is the equivalent of "I bought a coin from __________ on ebay and they took TWO days to ship!!!!!!". It's a non-issue.
If you would have simply said "hey your fax said $739 is there a reason you're only offering $720?" you would have got an answer - probably not one you wanted to hear but MAYBE it would have been "whoops honest mistake you're right" too you never know. You instead opted to keep quiet almost as if you wanted to have a bad experience to report on.
Today when I made the sale I saw their posted price on their website before i walked in.
I told them I have 12 coins to sell. They looked at the coins and quoted the identical price listed on their site.
@jkrk said:
I forgot. Yesterday, Just before leaving I did say that I expected the price would be 1% below melt. No response.
You might have got the same price from Stack's in the morning. If you go in at 5 p.m. and it's too late for them to lock in the gold price, they have to hold the coins overnight which has some risk associated with it. As we tried to explain yesterday, it's a more complicated situation. And you also can't know in an operation as big as Stack's if the particular clerk you had was even aware of the Gold Fax.
But, as you say...whatever....
All comments reflect the opinion of the author, even when irrefutably accurate.
@jkrk said:
I forgot. Yesterday, Just before leaving I did say that I expected the price would be 1% below melt. No response.
You might have got the same price from Stack's in the morning. If you go in at 5 p.m. and it's too late for them to lock in the gold price, they have to hold the coins overnight which has some risk associated with it. As we tried to explain yesterday, it's a more complicated situation. And you also can't know in an operation as big as Stack's if the particular clerk you had was even aware of the Gold Fax.
But, as you say...whatever....
For the sake of all involved... simply let this thread die.
@jkrk said:
I forgot. Yesterday, Just before leaving I did say that I expected the price would be 1% below melt. No response.
You might have got the same price from Stack's in the morning. If you go in at 5 p.m. and it's too late for them to lock in the gold price, they have to hold the coins overnight which has some risk associated with it. As we tried to explain yesterday, it's a more complicated situation. And you also can't know in an operation as big as Stack's if the particular clerk you had was even aware of the Gold Fax.
But, as you say...whatever....
For the sake of all involved... simply let this thread die.
Everyone is happy today.
Most of us were happy yesterday!
All comments reflect the opinion of the author, even when irrefutably accurate.
@jkrk said:
But... It was my experience and I was annoyed. No one is going to change opinions on the firm based on a $240 additional
I received a day later. Was the fax accurate? Same price quoted today. Did I find a person who needs coins today?
I am set off by the $240 differential. I'll blow the money by taking my wife to dinner tonight.
I made a personal judgement and posted it. Do you believe the company is cowering? it's meaningless. There are a thousand unreasonable people running around posting nonsense.
if people think the I'm one of them than ignore me.
If not I told my story and it's accurate..
Well I'm not happy! Actually your "story" is not finished. Perhaps, you need to tell us WHERE YOU SOLD the coins - your resource. The buyer (?) needs recognition don't you think?
My heritage rep quoted exactly that today on same exact thing!
In this market, its pretty fair, there is so much hanging on the open market that its unherd of
One major player I herd has like 12k $20 Libs in stock with no buyers
Then quote $720 on your daily fax.
I take it that you didn’t mention the daily fax price when you were there? If not, why not?
Perceptive.
I value honesty above all. I have to like those I deal with.
I was more interested in understanding whether Stacks would be local resource than selling a few coins.
I wouldn't necessarily call it dishonest. While they should be, one would hope, equal in their venues, it doesn't always work like that.
Take Apmex, for example. They can have an online price and the same thing on ebay. SOMETIMES, remarkably enough, the ebay price is CHEAPER than Apmex directly (and, you can use a CC, through paypal, when paying through ebay while using a CC directly with Apmex faces an upcharge). Is that fair? Would you expect them to honor their ebay price if you called them directly.
Slightly apples to crabapples (not oranges) in the case I mention above compared to yours, but it is just showing that larger companies can have slightly different prices depending on how you go to them.
Also, I don't see the whole fax sheet....does it say those prices are for a certain quoted price at a certain quoted spot price? If so, had it changed, as it can radically move up and down in short time during the day?
Just mentioning things...overall, I have done as you are doing. Ask a dealer about buying something and, depending on how they react to me, and what I offer, I gauge them fair or not for me to deal with in the future. I have written off a few local dealers that way at shows.....they honestly have no idea (small dealers) how much business they lost that I gave to others...and how I have told others about what I offered and what I was offered in turn.
I have also had some fair dealers, imho, and have continued to deal with them...buying things as they came up that I wanted, including bullion as well as numismatic items, and not trying to "chew them down"....just dealing with them with mutual respect. Same for dealing with some dealers on these boards.
I will say this, and it certainly isn't "kissing butt", since this dealer is no longer his own dealer but working for someone else that I am not really big enough to play with, but I have found Mark Feld, when he ran his own coin dealings, to be very fair....to the point he would be blunt on his reasoning and you could take it or walk, but it was always, imho, fair.
As he stated above to someone, it really shouldn't matter when the person bought it, or how much they paid, there is a current value on the item and you work the pricing from that point.
I think about the thread on I work in a coin shop as I write this. Some customers are weird. That fits me well. Perhaps I don't understand the art of negotiating? I don't.
based only on your post(s) and the replies of those who have said the offer was reasonable it seems you had answered yourself before you even entered Stack's and wasted their time, even if it was only a few minutes. it doesn't appear you were interested in selling anything. also, for a guy who has invested money in Gold you seem ignorant of what the market is currently like.
perhaps instead of criticizing Stack's you should be thanking them for trying to educate you.
I've been to Stack's physical store twice. First time they were rude so I left. People here said it was a fluke and to give them another shot, so I did and they were worse. Then I was told the people were all different now and person x was really good to deal with. I called person x, who was busy and left a detailed phone message (on a $2k item)...crickets. Their auction stuff is fine, but I'll never set foot in the store again. If it matters, I was on a business trip both times I physically went, so I wasn't dressed like a bum. To be fair, this was all long ago...but I still won't go back.
@keets said: I think about the thread on I work in a coin shop as I write this. Some customers are weird. That fits me well. Perhaps I don't understand the art of negotiating? I don't.
based only on your post(s) and the replies of those who have said the offer was reasonable it seems you had answered yourself before you even entered Stack's and wasted their time, even if it was only a few minutes. it doesn't appear you were interested in selling anything. also, for a guy who has invested money in Gold you seem ignorant of what the market is currently like.
perhaps instead of criticizing Stack's you should be thanking them for trying to educate you.
Wow.
So, the OP is:
A) A waster of other's time Ignorant
C) A criticizer of a company he tried to look into working with
LOL.....the wording is more than a bit rude.
I see the OP as someone who wanted to see if a company was one he would be able to do business with now, or in the future. I also see him as someone who may not fully understand the retail side of buying, since he is the customer, and trying to understand it. Also, MANY owners of gold don't know how well, or NOT, it is moving by shops. They may learn, the hardway, but heck, they may not even know that they DON'T know, to start with. Calling some ignorant is more than rude. Saying that there are things they may not understand at this point is much better.
Some folks leave the forums for awhile and come back for awhile but always remain rude to others. I prefer to give the benefit of the doubt, and since I don't know the OP, I take what he wrote as good faith in that he wanted to see if he would feel the offers were reasonable and a dealer he could do business with going forward, rather than "wasting that dealer's time".
Also, I don't see the whole fax sheet....does it say those prices are for a certain quoted price at a certain quoted spot price? If so, had it changed, as it can radically move up and down in short time during the day?
Ron, The bottom of the sheet says :
"All prices are indications only and are subject to change without notice. Quantities are subject to availability. " http://media.stacksbowers.com/cce/SBGDailyGoldFax.pdf
Boston
Also, I don't see the whole fax sheet....does it say those prices are for a certain quoted price at a certain quoted spot price? If so, had it changed, as it can radically move up and down in short time during the day?
Ron, The bottom of the sheet says :
"All prices are indications only and are subject to change without notice. Quantities are subject to availability. " http://media.stacksbowers.com/cce/SBGDailyGoldFax.pdf
Boston
The time is also on the sheet at the top - 6:45 a.m.
While gold was up a bit from 6:45 a.m., time of day makes a difference if you are trying to lock in a price. If you want a good price from me, don't show up at 5 p.m. on Friday when I have no idea what silver is going to open at on Sunday night.
We also don't know how the Gold Fax relates to the operation in the store and whether the clerk he dealt with even knows what the Gold fax price or was even following company policy.
This thread really has gone on too long for the event that triggered it. LOL. Partly my fault
All comments reflect the opinion of the author, even when irrefutably accurate.
@JimTyler said:
You should go back today and see if they'll still do $720. Gold down $29 heading south.
Why would he do that, when he sold them for $740 the next day?
Sorry don't believe anyone was paying $740 but does make him sound like the smart one.
$10's melted $747 the next day and he got $740 for circulated $10's.
@JimTyler said:
You should go back today and see if they'll still do $720. Gold down $29 heading south.
Why would he do that, when he sold them for $740 the next day?
Sorry don't believe anyone was paying $740 but does make him sound like the smart one.
$10's melted $747 the next day and he got $740 for circulated $10's.
$740 is very strong, even yesterday, for slabbed AUs. But we're talking about a $5 to $10 difference, so it isn't impossible.
With gold down $40 today, he does look super smart!
All comments reflect the opinion of the author, even when irrefutably accurate.
@JimTyler said:
You should go back today and see if they'll still do $720. Gold down $29 heading south.
Why would he do that, when he sold them for $740 the next day?
Sorry don't believe anyone was paying $740 but does make him sound like the smart one.
The buy price listed on the sheet was $739, but you don't believe anyone was paying $740 the next day? It doesn't sound like you have much faith in published buy prices.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@JimTyler said:
You should go back today and see if they'll still do $720. Gold down $29 heading south.
Why would he do that, when he sold them for $740 the next day?
Sorry don't believe anyone was paying $740 but does make him sound like the smart one.
The buy price listed on the sheet was $739, but you don't believe anyone was paying $740 the next day? It doesn't sound like you have much faith in published buy prices.
Published buy prices is what local dealers use to sell to the dealer that publishes the prices. Local dealers pay less. Previous day he wasn't selling but shopping. Next day he sell for a price that makes him look smart even with gold down the next day. You guys are looking very gullible.
@JimTyler said:
You should go back today and see if they'll still do $720. Gold down $29 heading south.
Why would he do that, when he sold them for $740 the next day?
Sorry don't believe anyone was paying $740 but does make him sound like the smart one.
The buy price listed on the sheet was $739, but you don't believe anyone was paying $740 the next day? It doesn't sound like you have much faith in published buy prices.
Published buy prices is what local dealers use to sell to the dealer that publishes the prices. Local dealers pay less. Previous day he wasn't selling but shopping. Next day he sell for a price that makes him look smart even with gold down the next day. You guys are looking very gullible.
Published buy prices are also what some dealers pay for the coins. All things considered, I have no hesitation in believing the OP. If that makes me "gullible", so be it.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I spoke to the buyer and asked if they would have any problem with their name being mentioned? They said no problem.
The company is the Bullion exchange on 47 ST in Manhattan.
You can check the prices on their website. The prices appear to be live. I was selling $10 AU 58's. I checked their price before going in and then asked how much they were currently paying when I arrived? A fraction different allowing for the gold in gold prices, so I took it. Within 5 minutes I walked out with a check.
I will visit them again in Sept as I have about 10 Low grade $20 Libs which I probably will be moving.
I will see if the second meal is as similar to the first.
@jkrk said:
I spoke to the buyer and asked if they would have any problem with their name being mentioned? They said no problem.
The company is the Bullion exchange on 47 ST in Manhattan.
You can check the prices on their website. The prices appear to be live. I was selling $10 AU 58's. I checked their price before going in and then asked how much they were currently paying when I arrived? A fraction different allowing for the gold in gold prices, so I took it. Within 5 minutes I walked out with a check.
I will visit them again in Sept as I have about 10 Low grade $20 Libs which I probably will be moving.
I will see if the second meal is as similar to the first.
AU58 makes a difference. [I say this to JimTyler]
I believed you. $740 is a strong price (super strong today, LOL) but not a ridiculous price
All comments reflect the opinion of the author, even when irrefutably accurate.
CDN Biid around $737 on these his offer $720 not a bad offer on your AU. For that matter I don’t see much there for him. I would not even been buyer at 720 - me pass.
I bought several PCGS 63 $20 Libs for $1440 each at show from major bullion gold dealer around beginning of month. Consequently I would not be a buyer on AU $10 libs at his offer when can get Slabbed MS 63 $20 that cheap.
People can be like deer in the headlights when inexperienced with selling or not aware of current market conditions.
I run into this all the time from my table at shows. His offer with CDN Bid $737 was very fair in my view if not generous. I have bought a lot of material from a wholesaler (in this market)who sets up next to me at a certain local show for even less pct behind bid what he was offering.
I would suggest you shop them around the bourse at a show if you really believe his offer too low and then get a real feel for the market. I am skeptical you would get even what he offered (well maybe on the slabbed).
@Cougar1978 said:
People can be like deer in the headlights when inexperienced with selling or not aware of current market conditions.
I run into this all the time from my table at shows. His offer with CDN Bid $737 was very fair in my view if not generous. I have bought a lot of material from a wholesaler (in this market)who sets up next to me at a certain local show for even less pct behind bid what he was offering.
I would suggest you shop them around the bourse at a show if you really believe his offer too low and then get a real feel for the market. I am skeptical you would get even what he offered (well maybe on the slabbed).
Thanks for sharing.
He already sold for $740 the next day.
All comments reflect the opinion of the author, even when irrefutably accurate.
Stacks is on primo 57th St real estate in Midtown Manhattan, down the block from Carnegie Hall.
Heritage is just the far side of Park Ave three blocks or so east and a block down.
I'm guessing rent for each approaches a million a year.
They are not there to buy your scrapcrapscrap stuff
They are happy to do it as an accommodation. Then they have someone run it down to the lower-rent commercial/non-retail 47th St diamond district to sell it to the junk man. Just like you did. Sharp trade Score
But only if you walked there. A cab round-trip might have eaten half your profits, but you won.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
Comments
Well, what they are worth and why is relative to who is buying them and when.
All comments reflect the opinion of the author, even when irrefutably accurate.
Whatever.
There are times when a company deserves to be put on blast, this is not even close to one of those times. I'm baffled that you felt the need to speak negatively about a company publicly over such a non-issue. Yeah yeah you were testing them to find out how honest they were and they betrayed you! Those snakes trying to trick you into selling them a dozen coins that are probably more hassle than they're worth for a company their size for a few dollars less than the printed fax that you didn't even reference. The horror!
Yikes man, relax.
Everyone can read this thread. Let everyone decide as they see fit.
Put all the blame on me if you wish. I'll accept all the responsibility.
I went to sell a small amount of gold on Tuesday and didn't have a pleasant experience.
Today I did.
Should we only post positive propaganda on these threads?
I'm not sure we should be posting positive or negative "propaganda".
I think people would have pushed back less if you had just told the story. But the story came across as judging the company for a faux test that you concocted and they failed. Especially over a $10 difference, it seemed like a harsh judgment of a very reputable company.
All comments reflect the opinion of the author, even when irrefutably accurate.
Given that 61 bid is $745, $740 is awfully strong. Is $740 from a dealer or a collector? Melt is $745. $740 is crazy money if you are trying to resell them.
All comments reflect the opinion of the author, even when irrefutably accurate.
Not at all, negative experiences are great to post to save others from shady people. Your beef to me is the equivalent of "I bought a coin from __________ on ebay and they took TWO days to ship!!!!!!". It's a non-issue.
If you would have simply said "hey your fax said $739 is there a reason you're only offering $720?" you would have got an answer - probably not one you wanted to hear but MAYBE it would have been "whoops honest mistake you're right" too you never know. You instead opted to keep quiet almost as if you wanted to have a bad experience to report on.
But... It was my experience and I was annoyed. No one is going to change opinions on the firm based on a $240 additional
I received a day later. Was the fax accurate? Same price quoted today. Did I find a person who needs coins today?
I am set off by the $240 differential. I'll blow the money by taking my wife to dinner tonight.
I made a personal judgement and posted it. Do you believe the company is cowering? it's meaningless. There are a thousand unreasonable people running around posting nonsense.
if people think the I'm one of them than ignore me.
If not I told my story and it's accurate..
Today when I made the sale I saw their posted price on their website before i walked in.
I told them I have 12 coins to sell. They looked at the coins and quoted the identical price listed on their site.
I said thank you.
I Found a resource.
I forgot. Yesterday, Just before leaving I did say that I expected the price would be 1% below melt. No response.
You might have got the same price from Stack's in the morning. If you go in at 5 p.m. and it's too late for them to lock in the gold price, they have to hold the coins overnight which has some risk associated with it. As we tried to explain yesterday, it's a more complicated situation. And you also can't know in an operation as big as Stack's if the particular clerk you had was even aware of the Gold Fax.
But, as you say...whatever....
All comments reflect the opinion of the author, even when irrefutably accurate.
Why didn't you just directly ask them about their fax sheet? You sound so passive aggressive in this situation.
For the sake of all involved... simply let this thread die.
Everyone is happy today.
Most of us were happy yesterday!
All comments reflect the opinion of the author, even when irrefutably accurate.
hopeless.
Well I'm not happy! Actually your "story" is not finished. Perhaps, you need to tell us WHERE YOU SOLD the coins - your resource. The buyer (?) needs recognition don't you think?
I apologize for slightly hijacking this thread. Where do I find Heritage or Stack's gold buy/sell sheet with prices online?
Successful transactions with: wondercoin, Tetromibi, PerryHall, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
http://media.stacksbowers.com/cce/SBGDailyGoldFax.pdf
Stacks is paying that much for double eagles?!?!
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I don't know. I didn't look at the prices, just the current date.
I wouldn't necessarily call it dishonest. While they should be, one would hope, equal in their venues, it doesn't always work like that.
Take Apmex, for example. They can have an online price and the same thing on ebay. SOMETIMES, remarkably enough, the ebay price is CHEAPER than Apmex directly (and, you can use a CC, through paypal, when paying through ebay while using a CC directly with Apmex faces an upcharge). Is that fair? Would you expect them to honor their ebay price if you called them directly.
Slightly apples to crabapples (not oranges) in the case I mention above compared to yours, but it is just showing that larger companies can have slightly different prices depending on how you go to them.
Also, I don't see the whole fax sheet....does it say those prices are for a certain quoted price at a certain quoted spot price? If so, had it changed, as it can radically move up and down in short time during the day?
Just mentioning things...overall, I have done as you are doing. Ask a dealer about buying something and, depending on how they react to me, and what I offer, I gauge them fair or not for me to deal with in the future. I have written off a few local dealers that way at shows.....they honestly have no idea (small dealers) how much business they lost that I gave to others...and how I have told others about what I offered and what I was offered in turn.
I have also had some fair dealers, imho, and have continued to deal with them...buying things as they came up that I wanted, including bullion as well as numismatic items, and not trying to "chew them down"....just dealing with them with mutual respect. Same for dealing with some dealers on these boards.
I will say this, and it certainly isn't "kissing butt", since this dealer is no longer his own dealer but working for someone else that I am not really big enough to play with, but I have found Mark Feld, when he ran his own coin dealings, to be very fair....to the point he would be blunt on his reasoning and you could take it or walk, but it was always, imho, fair.
As he stated above to someone, it really shouldn't matter when the person bought it, or how much they paid, there is a current value on the item and you work the pricing from that point.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I think about the thread on I work in a coin shop as I write this. Some customers are weird. That fits me well. Perhaps I don't understand the art of negotiating? I don't.
based only on your post(s) and the replies of those who have said the offer was reasonable it seems you had answered yourself before you even entered Stack's and wasted their time, even if it was only a few minutes. it doesn't appear you were interested in selling anything. also, for a guy who has invested money in Gold you seem ignorant of what the market is currently like.
perhaps instead of criticizing Stack's you should be thanking them for trying to educate you.
I've been to Stack's physical store twice. First time they were rude so I left. People here said it was a fluke and to give them another shot, so I did and they were worse. Then I was told the people were all different now and person x was really good to deal with. I called person x, who was busy and left a detailed phone message (on a $2k item)...crickets. Their auction stuff is fine, but I'll never set foot in the store again. If it matters, I was on a business trip both times I physically went, so I wasn't dressed like a bum. To be fair, this was all long ago...but I still won't go back.
Wow.
Ignorant
So, the OP is:
A) A waster of other's time
C) A criticizer of a company he tried to look into working with
LOL.....the wording is more than a bit rude.
I see the OP as someone who wanted to see if a company was one he would be able to do business with now, or in the future. I also see him as someone who may not fully understand the retail side of buying, since he is the customer, and trying to understand it. Also, MANY owners of gold don't know how well, or NOT, it is moving by shops. They may learn, the hardway, but heck, they may not even know that they DON'T know, to start with. Calling some ignorant is more than rude. Saying that there are things they may not understand at this point is much better.
Some folks leave the forums for awhile and come back for awhile but always remain rude to others. I prefer to give the benefit of the doubt, and since I don't know the OP, I take what he wrote as good faith in that he wanted to see if he would feel the offers were reasonable and a dealer he could do business with going forward, rather than "wasting that dealer's time".
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Wow.
apparently we disagree, let's please let it end with that.
I don't know if you read the whole thread but the OP did get his number from another dealer.
All comments reflect the opinion of the author, even when irrefutably accurate.
Ron, The bottom of the sheet says :
"All prices are indications only and are subject to change without notice. Quantities are subject to availability. "
http://media.stacksbowers.com/cce/SBGDailyGoldFax.pdf
Boston
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Much ado about nothing
Latin American Collection
The time is also on the sheet at the top - 6:45 a.m.
While gold was up a bit from 6:45 a.m., time of day makes a difference if you are trying to lock in a price. If you want a good price from me, don't show up at 5 p.m. on Friday when I have no idea what silver is going to open at on Sunday night.
We also don't know how the Gold Fax relates to the operation in the store and whether the clerk he dealt with even knows what the Gold fax price or was even following company policy.
This thread really has gone on too long for the event that triggered it. LOL. Partly my fault
All comments reflect the opinion of the author, even when irrefutably accurate.
What a fun thread to read in the morning.
☕️
Reminds me, I need to get my 4th cup of coffee.
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
You should go back today and see if they'll still do $720. Gold down $29 heading south.
Why would he do that, when he sold them for $740 the next day?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Sorry don't believe anyone was paying $740 but does make him sound like the smart one.
$10's melted $747 the next day and he got $740 for circulated $10's.
$740 is very strong, even yesterday, for slabbed AUs. But we're talking about a $5 to $10 difference, so it isn't impossible.
With gold down $40 today, he does look super smart!
All comments reflect the opinion of the author, even when irrefutably accurate.
The buy price listed on the sheet was $739, but you don't believe anyone was paying $740 the next day? It doesn't sound like you have much faith in published buy prices.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Published buy prices is what local dealers use to sell to the dealer that publishes the prices. Local dealers pay less. Previous day he wasn't selling but shopping. Next day he sell for a price that makes him look smart even with gold down the next day. You guys are looking very gullible.
Published buy prices are also what some dealers pay for the coins. All things considered, I have no hesitation in believing the OP. If that makes me "gullible", so be it.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I spoke to the buyer and asked if they would have any problem with their name being mentioned? They said no problem.
The company is the Bullion exchange on 47 ST in Manhattan.
You can check the prices on their website. The prices appear to be live. I was selling $10 AU 58's. I checked their price before going in and then asked how much they were currently paying when I arrived? A fraction different allowing for the gold in gold prices, so I took it. Within 5 minutes I walked out with a check.
I will visit them again in Sept as I have about 10 Low grade $20 Libs which I probably will be moving.
I will see if the second meal is as similar to the first.
Go cry somewhere else. That's what Yelp is for...
Tired of hearing about wannabe dealers that don't get the 'respect' they think they've earned. How old are you? You a millennial??
Meh
CDN bid for those around $737. I don’t think that’s a bad offer.
AU58 makes a difference. [I say this to JimTyler]
I believed you. $740 is a strong price (super strong today, LOL) but not a ridiculous price
All comments reflect the opinion of the author, even when irrefutably accurate.
CDN Biid around $737 on these his offer $720 not a bad offer on your AU. For that matter I don’t see much there for him. I would not even been buyer at 720 - me pass.
I bought several PCGS 63 $20 Libs for $1440 each at show from major bullion gold dealer around beginning of month. Consequently I would not be a buyer on AU $10 libs at his offer when can get Slabbed MS 63 $20 that cheap.
People can be like deer in the headlights when inexperienced with selling or not aware of current market conditions.
I run into this all the time from my table at shows. His offer with CDN Bid $737 was very fair in my view if not generous. I have bought a lot of material from a wholesaler (in this market)who sets up next to me at a certain local show for even less pct behind bid what he was offering.
I would suggest you shop them around the bourse at a show if you really believe his offer too low and then get a real feel for the market. I am skeptical you would get even what he offered (well maybe on the slabbed).
Thanks for sharing.
He already sold for $740 the next day.
All comments reflect the opinion of the author, even when irrefutably accurate.
Stacks is on primo 57th St real estate in Midtown Manhattan, down the block from Carnegie Hall.
Heritage is just the far side of Park Ave three blocks or so east and a block down.
I'm guessing rent for each approaches a million a year.
They are not there to buy your scrap crap scrap stuff
They are happy to do it as an accommodation. Then they have someone run it down to the lower-rent commercial/non-retail 47th St diamond district to sell it to the junk man. Just like you did.
Sharp trade
Score
But only if you walked there. A cab round-trip might have eaten half your profits, but you won.