Yesterday I received a telephone solicitation about coins and was amazed at what coin I was told....

SanctionII · January 5, 2007 2:13AM

............that the company has handled in a sale.

I asked the sales guy how he got my name and number and he said he did not know (I assume that since I attend large West Coast shows and fill out cards with my name and number, my name gets put on a master list that is peddled in the industry).

He then started giving me a sales pitch. I asked him about his company. He said his company handles high end rarities and in the recent past sold a High Relief 1933 Double Eagle, just like the one that sold a few years ago for over $7,000,00.00.

I told him I would not be in his company's target demographic since I do not collect such high end rarities

Funny don't you think?

lkrarecoins · January 5, 2007 2:21AM

Very interesting...I only get people calling to sell me vacuum cleaners....

my guess is one of these type of organizations:

Longacre · January 5, 2007 2:27AM

I never get calls about coins, which is fine by me. I get more than my fair share of cold calls from stock brokers. When I resisted his sales pitch, he had the nerve to yell at me and tell me that I was wasting his time, and then he slammed the phone down in my face.

291fifth · January 5, 2007 2:32AM

The last time I received a call from a boiler room operation selling coins (not recently) I let the salesman go on and on and made him think I was interested...and not very knowledgeable. His lies and hype were quite amusing to listen to. His mood changed sharply when I stopped playing dumb and started asking pointed questions. I never heard from him again.

19Lyds · January 5, 2007 2:37AM

<< <i> He said his company handles high end rarities and in the recent past sold a High Relief 1933 Double Eagle, just like the one that sold a few years ago for over $7,000,00.00.
>>

Obviously the Secret Service is unaware of this sale!

Did you get a name and number?

lkrarecoins · January 5, 2007 3:19AM

Quick story...I have a cousin who worked for a boiler room type shop (she later found out) around 1992....

Well, that just happened to be the 500 year Columbus anniversary.....Interesting timing, right?

Well, they sold (or at least tried to sell) Columbus classic commemoratives to any sucker willing to believe that these coins were ready to go through the roof.

There's a sucker born everyday, apparantly...however, I may have been born yesterday, but I was up all night

SanctionII · January 5, 2007 3:43AM

One interesting and fun way of dealing with these types of sales calls is to simply hang up. However, if you have the time it is even more fun to listen to the caller drone on and on until they get the message and ask you if you are interested. When you say no, the reaction if funny, from anger to simply asking why you let them talk for so long if you were not interested.

Russ · January 5, 2007 3:46AM

I think the guy was probably lying.

Russ, NCNE

bigMACnoCheese · January 5, 2007 3:52AM

Russ, I love your replies.. short sweet truthful and for some reason after reading through all the other serious posts in the tread, they tend to be very funny..

SanctionII · January 5, 2007 4:02AM

Russ, Ya Think?

However, if the guy simply did not know what he was talking about and is completely clueless, would his statements be lying? Does lying require intent on the part of the person speaking the words to provide false information?

Russ · January 5, 2007 4:07AM

<< <i>Does lying require intent on the part of the person speaking the words to provide false information? >>

Yes. Intent, or lack thereof, does not alter the fact that the information presented is false. A lie is a lie regardless. Of course, since "intent" is a big part of proving guilt, I suppose that a slimey lawyer could get the guy off.

Russ, NCNE

fastrudy · January 5, 2007 4:17AM

When I used to get telemarketing calls, I used to "grade" their salespitch. B-, C +. But the best is the audio tape of the person called pretending to be a homicide detective and insisting that the telemarketer hold on while he gets some information about the call. "Don't hang up now, that would be obstructiong justice". It was from a radio program and is making its way around the internet.

SanctionII · January 5, 2007 4:25AM

In California lying (making false statements) can fit within 3 of the 4 types of fraud defined in California Civil Code Section 1710, specifically:

1. making a false representation knowing it is false;

2. making a false representation without knowing it is false, but without having a reasonable basis for believing it to be true; and

3. making a promise without any intent to peform same (i.e., loan me $100.00 and I promise to pay you back in a month, all the while never intending to perform your promise; a situation that comes up in real estate loans when a loan is made and the borrower fails to make a single payment on the loan, the good old "first payment default").

Thus even a slimey lawyer would have trouble getting a client off on a fraud charge if the facts fit within #2 above since "intent" is not required for all types of fraud.

Yesterday I received a telephone solicitation about coins and was amazed at what coin I was told....

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