Home U.S. Coin Forum

Made $325 in 30 minutes yesterday.

2

Comments

  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Quantified? How about $25 in silver face? For smaller quantities you can still leave a business card or a note to have the party contact you (if they wish) in the future. I'd jump at the opportunity to drop a business card for a future contact. A nice form of advertising...even for the big dealers. You just never know who the bank manager may know and so on and so forth. A dealer friend of mine who has been doing CT for 30 years has dozens of solid contacts built up from dealing fair and up front. He never has to worry about competition because by offering fair (80% or more) he always gets the deals. The guys offering 20-50% don't get squat. Amazing how a little bit of good will keeps coing back to him.
    There's really no bottom limit on performing a nice gesture. When a 10 yr old newbie hit his table one show the kid walked out with probably $25 in stuff for $5. And a few others chipped in as well.
    Newbies should be shown exceptional care, not the "come pillage me" attitude that is so prevalent on the bourse these days.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • RBinTexRBinTex Posts: 4,328
    RYK, (you're sarcasm notwithstanding) you're BUSTED dude! Snakebitten! Now we ALL know your ethical stance on a situation like this. Don't try to "slither" out of it with some half-arsed proposed change in the hypothetical. imageimageimage Adrian set the trap and you fell for it hook line & sinker. image

    You'd sell your soul for a good rip - PLAIN & SIMPLE - just admit it (oh, that's right, you already have image )!
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
  • RBinTexRBinTex Posts: 4,328
    Good come back. Wow. I'm impressed. & you'd still hoodwink widows & orphans out of their money.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    RB,

    And furthermore, I am not the one who is the so-called coin dealer with the sleazy ebay business practices. This forum has been all over you like a cheap suit.
  • lsicalsica Posts: 1,621 ✭✭✭✭


    << <i>It's NEVER OK to take advantage of someone else >>



    OK, tell me WHO took advantage of ANYONE in this case?

    Kid comes in, deposits coins for face.. WHICH IS WHAT A BANK DOES. Don't matter if it's a 1999 VF Lincoln or a King of Siam set 1804 dollar.

    Bank teller buys about $27 FACE from the deposit, AT FACE VALUE (which is what Bank Tellers can do)

    He OFFERS the coins HE COULDNT BUY to Adrian AT FACE (again, which is what a bank does)

    Adrian gets the coins AT FACE (which is what a bank does).

    He did NOT take advantage of the teller by buying the coins he already had at face

    He did NOT take advantage of the original depositor by buying them from him at face

    Bank teller didn't even take advantage of the original depositor. He gave him FULL FACE VALUE for the coins he deposited. IN FACT, I will say if the teller actuallY DID offer him any more than face, tried to make some kind of "deal", I say he'd probably get fired. For CRIPESSAKE, the teller even TOLD THE KID "You shouldn't deposit that money". Once the kid wanted to deposit it anyway, what could he do? Say "No, we won't take your money?" The kid was WARNED, and he did the STUPID THING anyway

    And anyone who says "have the bank contact the kid" is assinine. Bank won't do that. Teller probably TECHNICALLY said too much be telling Adrian where the money came in the first place (Adrian aint law enforcement)
    Philately will get you nowhere....
  • TWQGTWQG Posts: 3,145 ✭✭
    Me thinks the board's ethicist (RBintex) does protest too much.
  • RBinTexRBinTex Posts: 4,328
    Only the competition (& sleazeballs like you) complains about ANYTHING I do on eBay. No one on eBay EVER complained. You don't like my style, that's your (or anyones right) but I'm not the one condoning ripping a little kid!
  • robertprrobertpr Posts: 6,862 ✭✭✭
    So Adrian, you're dealing in widgets now? What's next, JFK's?
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    And, Roger/Rella/Rellas or whichever pseudonym you go by, don't put words into my mouth. Where did I say I what I would do under the circumstances? I only offered a silly hypothetical in an unedited post. All of your posts are edited, BTW, except one.
  • RBinTexRBinTex Posts: 4,328
    So? What are you now accusing me of nefariously adding or deleting? I frequently edit to fix typos or to ad "p.s." So what?

    So where DO you stand? Rip the kid or not??????????????????????????????

    Wow, another edit - to change the puctuation on the 1st sentence to a question mark from a period. I'M A BAD MAN!!!
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    Furthermore, I am a lowly coin collector, RB. I am not in it for the profit, unlike, just the joy of collecting. We know what your motive is. You even want us collectors to finance your shenanigans.

    Of course, I would not rip the kid!
  • It was a kid named Sandy that took my coin collection in 1956. Still remember his name and his dad was a local cop.
    Police came to my school and yanked me out of class. Scared me to death. Thought they were after me! Just wanted to know did I own a coin collection? Said I did and they replied they had a young man whom they had in custody that was spending lots of old coins in vending machines at the arcade.

    Yep Sandy broke into my house and stole all my coins grandma had been collecting for me including several 1909 s vdb, and many many other coins. Of course coins did not bring what they do today.

    Never got a cent back and never collected another coin for 50 years.

    But I hope Sandy still feels bad about that. I sure do
    DENNIS HOUGARD
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    One of my local "crooked" dealers recently paid an elderly lady face value for her $5 LIbs that she brought in. She was happy to get something for those. She got what she wanted and so did the dealer. Everyone's happy right?

    Again, no one was purposely taken advantage of in Anaconda's story. The only issue is what do you do after the fact. And how you act says lots about your character. This ain't Little House on the Prairie anymore as we all know.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • RBinTexRBinTex Posts: 4,328
    "My first thought was that the kid lifted the coins from his family for video game money. Notice that no quarters were in the booty."
    So you think they might be stolen & see no problem with their purchase & subsequent sale? imageI'M the idiot? image

    "The only issue is what do you do after the fact. And how you act says lots about your character"

    Bingo! & we appear to know where RYK stands on THIS point. Remember the song "wip it"? Picture RYK in prison overalls singing "Rip, it, rip it good"
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
  • <<This ain't Little House on the Prairie anymore as we all know. >>


    I think Mr. Edwards liked the kids a little too much. image


    image

    image

    image
  • RBinTexRBinTex Posts: 4,328
    "Dude, you are warped."

    Man that's a given image

    BUT

    I wouldn't advocate on a public forum receiving & selling (potentially) stolen goods OR ripping little kids. Period!

    I'd go out of MY way to get that kid an unexpected bonus!
  • TWQGTWQG Posts: 3,145 ✭✭


    << <i>Man that's a given but I wouldn't advocate on a public forum receiving & selling (potentially) stolen goods OR rippuing little kids. Period. >>

    - You have a knack for hyperbole.


  • << <i><STRONG>"Dude, you are warped."
    </STRONG>
    Man that's a given image

    <STRONG>BUT</STRONG>

    I wouldn't advocate on a public forum receiving & selling (potentially) stolen goods <STRONG>OR</STRONG> ripping little kids. Period!

    I'd go out of MY way to get that kid an unexpected bonus! >>




    Maybe Anaconda can get his address for you.


    image

    image
  • DD Posts: 1,997 ✭✭✭
    I wouldn't rip a kid, I'd "rip" a bank though. If that's what you want to call picking up rolls of coins? Seriously, Adrian did nothing wrong in the situation. Whether its a hypothetical or a litmus test, I still see nothing wrong with picking up the coins from a bank. If there was no back story about a kid, nobody would've cared.




    << <i><STRONG>"Dude, you are warped."
    </STRONG>
    Man that's a given image

    <STRONG>BUT</STRONG>

    I wouldn't advocate on a public forum receiving & selling (potentially) stolen goods <STRONG>OR</STRONG> ripping little kids. Period!

    I'd go out of MY way to get that kid an unexpected bonus! >>



    Wait, I'm sorry, give the kid a bonus? You mean, the same kid you're accusing of stealing the coins in the first place?

    Edit: Isn't 5 rolls of Roosies, 3 rolls of Franklins, 6 rolls of Jeff nickels, and one roll of Kennedys $77? If so, $60 was quite a bargain.

    -Daniel
    "It is the mark of an educated mind to be able to entertain a thought without accepting it."

    -Aristotle

    Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.

    -Horace
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    If there was no back story about a kid, nobody would've cared.

    What if it were a story about a demented old lady? imageimage

    I have to go do other things. I plan on spending at least forty minutes later trying to read all the fine print in one of RBinTex's ebay listings. Yawn.
  • DD Posts: 1,997 ✭✭✭


    << <i>The snake is just doing this for a litmus test to see who around here has ethics & who are greedy self righteous pigs!$%^&*!

    Good one. You obviously blindsided the true pigs! If Adrian ever notices your deposition you'd better run for the hills! imageimageimage

    p.s. if he EVER made <STRONG>ONLY</STRONG> $325 in 30 minutes it'd be a <STRONG>HUGE</STRONG> pay cut AND failure. >>



    Just did some math... 325 in 30 minutes is 650 an hour, so, 40 hours a week...

    325x2x40x50(accounting for two weeks vacation throughout the year)=roughly 1.3 Million dollars before taxes. IIRC, Adrian said he had a six-figure salary in a different post. (I may be incorrect)

    That said, if 1.3 Million pre-taxes is a pay cut, I'll take one any day of the week.
    Twice on Sundays.

    -Daniel
    "It is the mark of an educated mind to be able to entertain a thought without accepting it."

    -Aristotle

    Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.

    -Horace
  • RBinTexRBinTex Posts: 4,328
    "If there was no back story about a kid, nobody would've cared."

    & thus Adrian would not have posted it. Certainly a statement of the obvious. They'd be no "test" in the absence of that info.

    Some failed - miserably. Some passed. Plain & simple.

    RYknucKlehead,

    After you delve into the depths of my eBay fine print & legalese, PLEASE do report in a FAIR & UNBIASED manner - if you're capable of that. I look forward to & welcome your input and any possible INTELLIGENT suggestions you might have. What? What was that giant sucking sound you say? The vacuum that is RYK's impartiality. Yes. That MUST be it. image

    "Adrian said he had a six-figure salary in a different post"

    What about the PROFITS of his law firm and coin business. Who cares about "salary"? Just because all are not paid out in salary (one would be an idiot to give uncle sam an unlimited whack at the 2.9% medicare tax) you think 6 figures is all he makes?
  • DD Posts: 1,997 ✭✭✭


    << <i><STRONG>"If there was no back story about a kid, nobody would've cared."</STRONG>

    & thus Adrian would not have posted it. Certainly a statement of the obvious. They'd be no "test" in the absence of that info.

    Some failed - miserably. Some passed. Plain & simple.

    <STRONG>RY</STRONG>knuc<STRONG>K</STRONG>lehead,

    After you delve into the depths of my eBay fine print & legalese, PLEASE do report in a FAIR & UNBIASED manner - if you're capable of that. I look forward to & welcome your input and any possible INTELLIGENT suggestions you might have. What? What was that giant sucking sound you say? The vacuum that is RYK's impartiality. Yes. That MUST be it. image

    <STRONG>"Adrian said he had a six-figure salary in a different post"

    </STRONG>What about the PROFITS of his law firm and coin business. Who cares about "salary"? Just because all are not paid out in salary (one would be an idiot to give uncle sam an unlimited whack at the 2.9% medicare tax) you think 6 figures is all he makes? >>



    You seem to have missed the part where I said I may be incorrect.

    The convenience in only responding to portions of posts.

    Nevertheless, even with a back story on a kid, it's irrelevant to Adrian picking the coins up from a BANK. If the kid brought the coins to his shop, the situation would be dealt with much differently. The kid would get what he deserved price wise for the coins rather than face value.

    Since the coin store was the 'road not taken'; the kid in the beautiful story got what he was entitled to from a bank. Adrian was just a third party.

    -Daniel
    "It is the mark of an educated mind to be able to entertain a thought without accepting it."

    -Aristotle

    Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.

    -Horace
  • RBinTexRBinTex Posts: 4,328
    "Wait, I'm sorry, give the kid a bonus? You mean, the same kid you're accusing of stealing the coins in the first place?"

    I didn't assert that, RYK offered it as a possibility. Certainly, you should try to discern the real truth and give the money to the parents/guardians if at all possible.
  • ConnecticoinConnecticoin Posts: 13,111 ✭✭✭✭✭
    This shows that the Snake is a true a coin nerd image, because given the value of the coins he deals in, and the value of his time as an attorney, this really wasn't even worth the 30 minutes he spent on it.
  • CoinosaurusCoinosaurus Posts: 9,645 ✭✭✭✭✭
    If Adrian tracked down the kid and gave him his $325, the JuVee probably would have laughed at him and promptly high tailed it to his local weed dealer. For all we know Adrian, is keeping criminals OFF the streets.
  • DD Posts: 1,997 ✭✭✭


    << <i><STRONG>"Wait, I'm sorry, give the kid a bonus? You mean, the same kid you're accusing of stealing the coins in the first place?"</STRONG>

    I didn't assert that, RYK offered it as a possibility. Certainly, you should try to discern the real truth and give the money to the parents/guardians if at all possible. >>



    Apologies.

    Still see no necessity in rewarding anyone for coins recieved from a bank.

    -Daniel
    "It is the mark of an educated mind to be able to entertain a thought without accepting it."

    -Aristotle

    Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.

    -Horace
  • CoxeCoxe Posts: 11,139
    Makes you wonder how many coin collections have been redeemed at face less fees at Coinstar machines accross the country. There is at least a couple generations out there that largely do not know we had non-clad coins in circulation not long ago and that it is worth more. Certainly gen X, Y, ... non-numismatic types occasionally take their old man's jar of accumulated silver or wheaties to Coinstar or the bank to get paper money to buy knows what.

    As for this scenario, if the depositer was a minor, the parents should have been called and the deposit temporarily suspended by the bank. Yes, it is legal tender still. But this is not the case of the occasional one slipping by. It looks loike something deliberately colelcted.
    Select Rarities -- DMPLs and VAMs
    NSDR - Life Member
    SSDC - Life Member
    ANA - Pay As I Go Member
  • RBinTexRBinTex Posts: 4,328
    "A friend of the devil is a friend of mine"

    Pretty much sums it all up re: what's REALLY in RYK's heart - no???
  • LeianaLeiana Posts: 4,349


    << <i><STRONG>"A friend of the devil is a friend of mine"
    </STRONG>
    Pretty much sums it all up re: what's REALLY in RYK's heart - no??? >>



    That's a song lyric.

    -Amanda
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA
  • ScarsdaleCoinScarsdaleCoin Posts: 5,337 ✭✭✭✭✭
    That is not the right thing to do.....the kid probably cashed his parents coins and you stole em.... sorry but thats not something you should be bragging about on these boards! image
    Jon Lerner - Scarsdale Coin - www.CoinHelp.com
  • mozinmozin Posts: 8,755 ✭✭✭
    My thoughts:

    1. The bank teller should have accepted the deposit, and asked the bank manager about contacting the kid's parents for information about this coin collection from grandma. My bet is the kid was lying to the bank teller. The coins were likely stolen somewhere down the line, and some poor collector was left without his collection.

    2. The bank teller should never be allowed to buy coins deposited at their place of employment. I am surprised the federal banking laws allow this.

    3. The bank should have a procedure established where they place all silver coins into a container for future sale at junk silver current price. There are lots of neighorhood coin shops that would be happy to work with their own bank to purchase junk silver at the going rate. Good business for the bank and for the coin shop.

    4. Anaconda did nothing wrong, except to start this thread without stating it was hypothetical.image
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    I posted this on a simialer thread and feel it applies here as well.

    Would it be any different than finding a roll of extra leaf quarters?
  • mgoodm3mgoodm3 Posts: 17,497 ✭✭✭
    What if the kid who turned in the coins actually got them as a present from his grandmother but grandmother actually stole them from a demented old lady?
    coinimaging.com/my photography articles Check out the new macro lens testing section
  • LeianaLeiana Posts: 4,349


    << <i>What if the kid who turned in the coins actually got them as a present from his grandmother but grandmother actually stole them from a demented old lady? >>



    image The possibilites are endless!

    -Amanda
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA


  • << <i>I posted this on a simialer thread and feel it applies here as well.

    Would it be any different than finding a roll of extra leaf quarters? >>




    I'm sure RB thinks you should compensate the Government for thier mistake.

    image

    image
  • RBinTexRBinTex Posts: 4,328
    You have to understand that lawyers pose hypotheticals all day long and keep adding to/changing the PARTICULAR fact pattern to determine if a REASONABLE person would act differently (under a new/changed set of facts).

    No matter how far removed &/or what (magical) number of people you are down the line in the transactions, you NEVER have good title to stolen property.

    Take it to the ABSURD extreme - the 1933 Saint is stolen, Theif sells to buyer 1 for 50k. Buyer 1 sells it to buyer 2 for 100k. So on & so forth until buyer 20 pays $1M. Does buer #20 now have clear title to it? I think NOT.


  • << <i>You have to understand that lawyers pose hypotheticals all day long and keep adding to/changing the PARTICULAR fact pattern to determine if a REASONABLE person would act differently (under a new/changed set of facts).

    No matter how far removed &/or what (magical) number of people you are down the line in the transactions, you NEVER have good title to stolen property.

    Take it to the ABSURD extreme - the 1933 Saint is stolen, Theif sells to buyer 1 for 50k. Buyer 1 sells it to buyer 2 for 100k. So on & so forth until buyer 20 pays $1M. Does buer #20 now have clear title to it? I think NOT. >>




    I thought we were talking about junk silver. image


    image

    image
  • This is a imagethread.
  • MyqqyMyqqy Posts: 9,777
    I've been keeping close score during this thread, and here's the current result:

    RYK- 85
    Rbintx- 0

    My style is impetuous, my defense is impregnable !
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    I haven't been paying that close attention but I'd score it just the opposite. And it wouldn't matter to me if it were a kid, Joe Frazier,
    Grandma Moses, or Maria Sharapova, I'd still follow the same course. Actually, if it were Sharapova I'd make it a point to bring even a single Frankie or Wheatie back to her.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • nankrautnankraut Posts: 4,565 ✭✭✭
    "A nice gesture would have been to ask the bank to contact the kid and then give him a nice offer for his silver coins. But more than likely some Dad's silver collection just got waxed. That kid may have one day come back to this hobby or become a customer of yours."

    roadrunner

    I was thinking the same thing.
    image
    I'm the Proud recipient of a genuine "you suck" award dated 1/24/05. I was accepted into the "Circle of Trust" on 3/9/09.
  • ARCOARCO Posts: 4,431 ✭✭✭✭✭
    Nice score! I need some clueless friends who work around money to sell me valuable coins at face. image

    Tyler
  • RBinTexRBinTex Posts: 4,328
    "That's a song lyric.

    -Amanda"


    Did you think I DIDN'T know that? image

    I CERTAINLY believe anyone has a right to quote whatever lyrics they want AND to be a satanist if that's what they choose. In fact I'd risk my life fighting for just such a principle (i.e. freedom of religion).

    BUT

    don't you think that somoeone that would want to be associated with the line "...A friend of the devil is a friend of mine..." has got some serious screws loose? Certainly some mental, psychological, emotional, spiritual, moral, &/or ethical problem is present.
  • RYKRYK Posts: 35,800 ✭✭✭✭✭
    I've been keeping close score during this thread, and here's the current result:

    RYK- 85
    Rbintx- 0

    ...don't you think that somoeone that would want to be associated with the line "...A friend of the devil is a friend of mine..." has got some serious screws loose? Certainly some mental, psychological, emotional, spiritual, moral, &/or ethical problem is present.


    Since the score was officially 85-0 going into that remark, I will admit to being a Satanist and let the whistle blow at the end of the fourth quarter with a final score of 85-3.image
  • RBinTexRBinTex Posts: 4,328
    "...I will admit to being a Satanist..."

    imageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimage
  • LeianaLeiana Posts: 4,349


    << <i><STRONG>"...I will admit to being a Satanist..."</STRONG>

    imageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimageimage >>



    What's it to you? Religious Tolerence, I say!

    -Amanda
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA
  • LeianaLeiana Posts: 4,349
    100 image

    -Amanda
    image

    I'm a YN working on a type set!

    My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!

    Proud member of the CUFYNA

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file