Storage Wars new episode tonight - COINS!
Mar327
Posts: 2,074
Jarrod bought himself a real good locker on the season opener - safes stuffed with old coins, gold, shipwreck money... this is a good one! Brandi is happy now!
Have bought and sold on BST, many references available when asked.
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EAC 6024
But the funniest thing for me was watching Dave drop that porcelain box!
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>I saw that too. Any board member from texas missing a coin collection?
But the funniest thing for me was watching Dave drop that porcelain box!
I agree - couldn't have happened to a better guy!
<< <i>
<< <i>I saw that too. Any board member from texas missing a coin collection?
But the funniest thing for me was watching Dave drop that porcelain box!
I agree - couldn't have happened to a better guy! >>
YUUUUUUUUUUP
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>I saw that too. Any board member from texas missing a coin collection?
But the funniest thing for me was watching Dave drop that porcelain box!
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That was probably staged,,,,,,,,,,,,,,,
GrandAm
<< <i>Jarrod bought himself a real good locker on the season opener - safes stuffed with old coins, gold, shipwreck money... this is a good one! Brandi is happy now! >>
I hope she jumps up and down. That would be worth the price of admission!
<< <i>
<< <i>I saw that too. Any board member from texas missing a coin collection?
But the funniest thing for me was watching Dave drop that porcelain box!
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That was probably staged,,,,,,,,,,,,,,, >>
All dem shows are staged.
<< <i>Jarrod bought himself a real good locker on the season opener - safes stuffed with old coins, gold, shipwreck money... this is a good one! Brandi is happy now! >>
I'll start buying made-up Carson City Morgan Dollar rolls on ebay, before believing this fantasy.
<< <i>Something to think about >>
Yes, I think that article is BS.
Should the storage company just eat the loss? Maybe just store the stuff for free?
Kewpie Doll award-10/29/2007
Successful BST transactions with Coinboy and Wondercoin.
<< <i>
<< <i>Something to think about >>
Yes, I think that article is BS.
Should the storage company just eat the loss? Maybe just store the stuff for free? >>
Have you ever reviewed a contract that the majority of these storage facilities require before renting a storage space? They are absolutley ludicrous and basically strip any and all rights from the rightful owners of the property contained within. It is a win-win for the owner of the storage facility. When any unit is auctioned, the excess monetary funds realized minus the debt owed should be returned to the owner which in the the majority of these cases is not and the the renter has no recourse. Some of these lockers that are auctioned off far exceed the rent owed yet the contract one signs when renting one of these units typically strips the renter of these rights. I am not talking about the actual value of the items contained in the unit just the fact of what the auction yields vice what is owed in storage fees. This is reason why so many of these have popped up in the last 10-15 years. What a racket for sure. Just my two cents which is about what I might bid on any of these units.
Kewpie Doll award-10/29/2007
Successful BST transactions with Coinboy and Wondercoin.
Liked the 24k, .999 gold proof 1933 double eagle with certificate of authenticity!
Makes my stomach turn when they sell these collections and never search for dates or mintmarks. Guess that
is the job of the dealer that buys them. I did notice that whoever looked at theirs did mention that they should
be examined for such, but most coins found over the years have just been sold.
bob
<< <i>
<< <i>
<< <i>Something to think about >>
Yes, I think that article is BS.
Should the storage company just eat the loss? Maybe just store the stuff for free? >>
Have you ever reviewed a contract that the majority of these storage facilities require before renting a storage space? They are absolutley ludicrous and basically strip any and all rights from the rightful owners of the property contained within. It is a win-win for the owner of the storage facility. When any unit is auctioned, the excess monetary funds realized minus the debt owed should be returned to the owner which in the the majority of these cases is not and the the renter has no recourse. Some of these lockers that are auctioned off far exceed the rent owed yet the contract one signs when renting one of these units typically strips the renter of these rights. I am not talking about the actual value of the items contained in the unit just the fact of what the auction yields vice what is owed in storage fees. This is reason why so many of these have popped up in the last 10-15 years. What a racket for sure. Just my two cents which is about what I might bid on any of these units.
I guess the renters should just pay the rent then, viola! problem solved.
<< <i>
<< <i>I saw that too. Any board member from texas missing a coin collection?
But the funniest thing for me was watching Dave drop that porcelain box!
---------------------------------------------------------------------------------------------'
That was probably staged,,,,,,,,,,,,,,,
GrandAm
I thought the same , the sound of breakage ddnt match what he picked up off the ground whch seemed unharmed , i think rather than admit it was a piece of worthless junk they staged the "accident".
I like how they found a large AND small safe full of coins, and they pull out one at random and its a Gold Eagle Proof. ONE coin at random from both safes stuffed full of coins! Then they take it to the dealer and he says "the biggest value is in these silver dollars here" and then proceeds to estimate the value of the whole collection at 3-4k. Did anyone else find this a little odd? Based on that random sample I would have thought the total contents would have been near 6 figures. And where did that gold coin go when he was doing the appraisal?
<< <i>Yeah, that show is such a bunch of BS, but still fun to watch. Remember the half million in pirates gold they just found?
I like how they found a large AND small safe full of coins, and they pull out one at random and its a Gold Eagle Proof. ONE coin at random from both safes stuffed full of coins! Then they take it to the dealer and he says "the biggest value is in these silver dollars here" and then proceeds to estimate the value of the whole collection at 3-4k. Did anyone else find this a little odd? Based on that random sample I would have thought the total contents would have been near 6 figures. And where did that gold coin go when he was doing the appraisal? >>
The gold coin I believe you are mentioning was one of tribute proofs-24K electoplated thingies as seen on tv for 19.95 or whatever. Once you see one of those in a "collection" you can get a general id on what type of collector the person was. I also noted alot of the coins where in the heavily packaged Yesteryear type sets that typically contain worn out overpolished old type coins -again bought from a tv show or back of some magazine. They had some shipwreck coins as well- not even the typical 8 reales, but 4 reales pieces. The appraiser told him something like 50 bucks or so each for the silver dollars- these were the loose ones that looked circulated- so I wouldn't give to much credit to their so called experts opinion or to their profit totals from these auction lockers in general.
<< <i>Yeah, that show is such a bunch of BS, but still fun to watch. Remember the half million in pirates gold they just found?
I like how they found a large AND small safe full of coins, and they pull out one at random and its a Gold Eagle Proof. ONE coin at random from both safes stuffed full of coins! Then they take it to the dealer and he says "the biggest value is in these silver dollars here" and then proceeds to estimate the value of the whole collection at 3-4k. Did anyone else find this a little odd? Based on that random sample I would have thought the total contents would have been near 6 figures. And where did that gold coin go when he was doing the appraisal? >>
Now that you mention it . . . that was a very low value to come up with , i recall the baldy guy mentioning he had already made $800 from the coins prior to the expert arriving , surely he's not that dumb ? The gold eagle i mean..
One episode had Jarrod pricing a dusty old used golf bag as "there's at least $50 right there".
Come on, I can pick up two or three of these things by just driving through the neighborhood on every garbage day.
And how about the fact they have to sell it!!
I remember one episode Jarrod overpaid on a locker in the amount of $2300 and after going through pricing it he had $2400 worth of goods.
He was happy to make a 'profit' eventhough he just threw away $2300 CASH for $2400 worth of overvalued, retail priced junk (old power tools, flea infested mattresses and scratched up end tables).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
The storage locker auction shows fail to cover the events leading up to the auction. Essentially a customer rents a storage unit, places their stuff in the unit and pays monthly rent. If the rent is not paid the storage company has the right [under contract terms in the rental agreement (which are drafted by lawyers probably hired by the storage company trade association and lobbying groups; and which are draconian and one sided in favor of the storage company); and under applicable state law].
If the customer fails to pay rent, a procedure is in place and it must be followed by the storage company before auctioning the contents of the storage unit. The procedure usually requires that certain time periods pass before the auction process can commence. During this time period, phone calls, emails and letters are usually sent to the customer to get them to pay the back rent. If the account is not brought current, the auction process commences. It involves publishing a notice of the auction in a local paper of general circulation and mailing the auction notice to the customer. The auction itself can not be held until all the notice requirements are met and the auction must take place on or after a certain number of days after the publication of the notice.
The customer can avoid the auction by simply bringing the acount current prior to the auction by paying back rent, late charges and auction expenses. This can be done up to the moment when the auctioneer completes the auction (I would like to see the customer show up with a cashier's check to give to the auctioneer to bring the account current just as Dave is getting ready to yell "YEEEEEEEEPPPPPPPPPPPPPPPP" on Storage Wars and then say something like "You ain't getting no Wow Factor today!!!!!!!").
The storage company can instruct the auctioneer to open the bidding at any amount from one cent to the full amount owed under the account. The storage company can credit bid up the full amount of the account balance. Competitive bidding takes place and the contents of the unit are sold to the highest bidder. In real estate foreclosure auctions the interested bidders must qualify to bid with the auctioneer, by showing cash or a cashier's check. In Storage Wars none of the bidders has to qualify to bid and none of the bidders have ever failed to pay the bid price [though this does happen in auctions on a daily basis].
The proceeds of the high bid placed at the auction are to be used to pay the back rent and costs of the auction. If any money is left over after paying these items, the money belongs to the customer. It does not belong to the storage company.
The same thing applies to foreclosure auctions of real estate.
The system is designed to give notice to the defaulting customer/borrower and to given him or her plenty of time to make arrangements to bring their account current and avoid losing their property. If they fail to take care of their business, then why should they not lose their property at an auction?
Auctions that do not comply with the applicable rules (contract and statute) pose great risk to the storage company, auctioneer and possibly the outside bidders. If a storage locker filled with bars of gold and silver goes through an auction under circumstances where the i's are not dotted and the t's are not crossed regarding compliance with auction procedures [i.e. the auction notices get sent to an old address even though the storage company knows of the new address of the customer], the customer can sue for damages and/or recovery of the property. If the customer is a sympathetic person (i.e. little old lady, injured war vet, etc.) and the storage company is sleazy, then watch out because juries do not like people getting taken advantage of.
On the flip side, if the customer is a flake and through his or her own fault [they are smart, have money, failed to pay the monthly rent and ignored the auction notice until it was too late], there is no reason why the customer should be given a "pass" simply because it is "not fair" that "Brandi" and "Jarod" pay $500.00 for personal property in a storage locker that they resell for $15,000.00.
Getting back to the Storage Wars show (and other shows, including American Pickers and Pawn Stars), I find it interesting that the amount of the actual "profit" from a deal is mostly never shown [an exception is the two guys on Auction Hunters, who regularly resll things on the show]. The cost of purchasing the storage unit, the picked item, or the item brought into the pawn shop is always known. But none of the items are ever resold on certain shows. The "value" of the item is always picked out of thin air, usually by having the item inspected by an "expert" [from these shows it appears that there are "experts" on everything, located everywhere and that these experts will take a phone call, drop what they are doing travel to see the item and quickly give their expert opinion on value, FOR FREE]. It would be interesting to go back to the winning bidders 6 months after an auction and see if they have actually sold the item and see exactly how much real profit they realized [in the form of cold hard cash in their pockets]. Then I would also wonder how many of these bidders who actually make a profit on a resale ever report same and pay long term of short term capital gains taxes on their profits.
Every transaction and resulting 'flip' to a buyer is done in CASH.
I would bet 90% of these transactions are somehow 'overlooked' at tax time.
If Darrell Sheets wants the ultimate 'WOW Factor', wait till the IRS comes a callin.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>if you have proof the show is staged, prove it. >>
Oh come on, you really believe this is how it happens??
All reality shows are staged.
These home improvement shows, the pawnbrokers shows, Survivor.
Game shows back in the 1950's were staged with the winner pre-ordained.
I'm not saying every word is scripted and that perhaps the episode is based on past true events, but the actual 1/2 hour show is not true life.
Do you realize the time and money the TV producer would waste if these auctions were real?
Anyone who buys storage units will tell you 90% of the units are absolute trash that needs hauling off to the local dump.
By 90%, I don't mean each unit has 90% and 10% valuables, rather, I mean 9 out of 10 units purchased are 100% JUNK!!
That means 90% of the TV station and crews time and cost would be wasted in these "NON" episodes.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Of course I can not prove that the Storage Wars auctions are staged.
However, I have been involved in legal cases [I am an attorney] for decades and have handled various cases where auctions of personal property have taken place. I have conducted auctions many times, including auctions of the contents of storage lockers. These types of auctions do not happen, on a regular basis, the way that the Storage Wars auctions shown on the show take place.
<< <i>if you have proof the show is staged, prove it. >>
Nearly all "reality" TV is about as real as Reno 911 or Wrestlemania.
Read the first comment at the end of this article or many of the comments at the bottom of this one.
And even if we give them the benefit of the doubt, and assume it's not scripted, you must realize that they are certainly cherry picking the successful buys, and the dozens of lockers that are a "loss" never make the show.
<< <i>if you have proof the show is staged, prove it. >>
Some currency from Pawn Stars (and I think coins here) have been debugged very nicely in the past. Locals have pointed out that dealers who are the experts in the show have the item for sale on their website, etc.
<< <i>Was this in the first episode of Storage Wars Texas ? >>
No, it was the first episode of the new season of the original. I recorded the new Texas show out of curiosity but didn't watch yet. I don't often watch this program, but last night my favorites on CBS were reruns so I ended up there! One of those things you watch, but are almost afraid to admit it... lol
<< <i>Was this in the first episode of Storage Wars Texas ? >>
If you mean the 2 safes with coins inside , no , it wasnt in Texas. Brandi and baldy are generally in California from what ive seen the past few seasons.
<< <i>if you have proof the show is staged, prove it. >>
And I guess you believe WWF wrestling is real too? If you default to believing things are true, you are setting yourself up for a lot of problems in this world. Remember when Man vs. Wild came out and they tried to make it look like Bear Grylls was actually fighting for his life in every episode until he found civilization? Then it was shown that he was a fraud staying in posh hotels during the episode filming and all of the scenarios were staged for him.
This new Texas show seems to be even more staged, did you see how they labeled everyone with a title like "The Doc" or "The Outsider" before saying their names, lol. Then suddenly the outsider from NY who was bashing TX the whole time has a local expert at his disposal, again for free.
It is very unsettling to run across people with a mindset that can be summarized thus:
"I saw it on TV so it has to be true".
Indeed, such persons [there are plenty of them and there numbers are growing every day] are frighteningly unsettling
Isn't a "reality" show truly "real"???
<< <i>
<< <i>if you have proof the show is staged, prove it. >>
Some currency from Pawn Stars (and I think coins here) have been debugged very nicely in the past. Locals have pointed out that dealers who are the experts in the show have the item for sale on their website, etc. >>
I bet the pawn shop flips many of the items fast to dealers... No wonder they would have them on their websites, etc.
<< <i>
<< <i>if you have proof the show is staged, prove it. >>
And I guess you believe WWF wrestling is real too? If you default to believing things are true, you are setting yourself up for a lot of problems in this world. Remember when Man vs. Wild came out and they tried to make it look like Bear Grylls was actually fighting for his life in every episode until he found civilization? Then it was shown that he was a fraud staying in posh hotels during the episode filming and all of the scenarios were staged for him.
This new Texas show seems to be even more staged, did you see how they labeled everyone with a title like "The Doc" or "The Outsider" before saying their names, lol. Then suddenly the outsider from NY who was bashing TX the whole time has a local expert at his disposal, again for free. >>
of course I know some things are not real like WWF. These auctions are a snipet of tons of auctions they attend. Other "reality" shows are re enacted etc. like the fake repo crap and tow truck shows.
<< <i>
<< <i>if you have proof the show is staged, prove it. >>
Nearly all "reality" TV is about as real as Reno 911 or Wrestlemania.
Read the first comment at the end of this article or many of the comments at the bottom of this one.
And even if we give them the benefit of the doubt, and assume it's not scripted, you must realize that they are certainly cherry picking the successful buys, and the dozens of lockers that are a "loss" never make the show. >>
please, I know this. The people and the producer even did a show where they explain these are just some of the lockers...tons of shows where the buyers get crap out of them have been aired. If you havent seen all the shows I dont expect you to know that.
<< <i>These shows are truly the biggest fallacy known. My cousin directs and produces a lot of these so called "reality" shows and he has admitted to me that many of the actual scenes are not exactly as true as they are presented but then again who would watch this show if they showed the truth. >>
so you admit as your cousin does, that he is duping the audience and the paid sponsors? Is that on the record?
<< <i>Lowbudget.
Of course I can not prove that the Storage Wars auctions are staged.
However, I have been involved in legal cases [I am an attorney] for decades and have handled various cases where auctions of personal property have taken place. I have conducted auctions many times, including auctions of the contents of storage lockers. These types of auctions do not happen, on a regular basis, the way that the Storage Wars auctions shown on the show take place. >>
then all the people that show up and bid are what? actors? paid attendants? The auctioneers are too? Do tell.
Swamp People
Lady Hoggers
American Moonshiners
I could feel myself becoming dumber by the half hour...
<< <i>
<< <i>
<< <i>if you have proof the show is staged, prove it. >>
Nearly all "reality" TV is about as real as Reno 911 or Wrestlemania.
Read the first comment at the end of this article or many of the comments at the bottom of this one.
And even if we give them the benefit of the doubt, and assume it's not scripted, you must realize that they are certainly cherry picking the successful buys, and the dozens of lockers that are a "loss" never make the show. >>
please, I know this. The people and the producer even did a show where they explain these are just some of the lockers...tons of shows where the buyers get crap out of them have been aired. If you havent seen all the shows I dont expect you to know that. >>
I've seen about half a dozen episodes of Storage Wars, so you are right, I haven't seen them all, nor do I plan on it. From what I saw, no one lost money, but I believe you that they do show it happening on occasion.
The point remains that the whole thing is a SETUP to make a television SHOW. It's storage locker fiction.
<< <i>The only difference between a sitcom/drama and a 'reality' show - the writers on the sitcom/drama are in a union. Reality shows are staged - and cheap to produce - which is why we have so many. I don't have cable but travel a bit for work. In Denver for two weeks and it is cold so I was in most nights and over the weekend watch tv. Good gravy I am glad I only have rabbit ears..
Swamp People
Lady Hoggers
American Moonshiners
I could feel myself becoming dumber by the half hour... >>
Agreed, very depressing
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
The rental amount paid for the item I was selling
<< <i>
<< <i>
<< <i>I saw that too. Any board member from texas missing a coin collection?
But the funniest thing for me was watching Dave drop that porcelain box!
---------------------------------------------------------------------------------------------'
That was probably staged,,,,,,,,,,,,,,,
GrandAm
I thought the same , the sound of breakage ddnt match what he picked up off the ground whch seemed unharmed , i think rather than admit it was a piece of worthless junk they staged the "accident". >>
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It wasn't destroyed. Dave could have taken it inside and still been told what is was worth before he dropped it.
GrandAm
<< <i>I am truly amazed that people like LowBudget actually believe this tripe. It seems there are many though, or the shows would not continue... as I stated above, I know from people who were actually part of reality shows, that they are totally created, scripted and staged. Cheers, RickO >>
and once you know that, or have accepted that fact, then you must also know or accept that the media is also done the very same way. events happen, but they are interpreted, scripted, and edited in such a manner that they are essentially made up.
my brother edits tv shows and movies. he tells me that they can create virtually any scenario with existing footage. he says they take lots of footage and edit/create the shows/scenes they want. they even make actors say or do things that they didn't to begin with in such a way that no one can tell the difference. rarely do they have to re-shoot things nowadays with the technology they have at their disposal.
this is also why you see so much posthumous material from artists. they could create a new elvis album if they wanted to. anyway...back to coins.
BST successful dealings with:MsMorrisine, goldman86