silver dollars school sale

So much is wrong with this, and you apparently.
Just how did he ACQUIRE this collection?
Dealers require a paper trail, that's why he didn't sell to one.
Receiving stolen property is against the law.

So you paid a fraction of the worth of an ACQUIRED (as opposed to " inherited" or "bought") collection knowing he intended to buy pills. Enabling is also against the law, and they sometimes take it a step further and hit you with funding a drug operation. If he had died taking those pills, you could have been in prison by now.

Then you fenced them quick for closer to actual value. Did he get a cut? That's illegal too.
You seem pretty despicable. Good to know, at least.

 

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How does a garage sale equate to this at all?

 

It's the analogy. People are giving the OP a hard time for tying to get a great deal on the coins. They say he should pay fair market value. OK, fine. Then pay fair market value anywhere for anything. Doesn't happen at all.

 

When someone comes to sell to me because I collect coins and they want to know what they are worth (selling) I absolutely always tell them what it is "worth" and what they can expect to actually get. I also provide proof from completed sales. Then I make my own offer.

It is not the same at all. In a garage sale as the seller you really should know what your stuff is worth. When someone comes to you looking for insight as someone who "knows something" and you tell them that their coins are WORTH a fraction of what they are that is deceitful.

You can climb right off your pedestal because that makes you no better than they are.

Who would you rather hang with? Cheech n Chong or sit in with those traveling motel silver/gold buyers?? (even for this example they don't deserve the publicity mentioning their name would bring them)

 

Just too many schoolkids trying to bilk people around here lately.

 

It's as much the responsibility of the seller to know the value of what they are selling, so if a buyer is lowballing and they agree then they are just as much to blame. Doesn't matter if you are dealing with granny or druggie, 60 seconds of basic research isn't beyond the abilities of anyone. Personally, if I knew someone was a known druggie and offered to sell me coins, I wouldn't touch them with a 100 foot pole. Chances are they aren't his, otherwise he would have sold them to a pawn dealer long ago and had fast cash already.
Guy

 

Most garage sales I go to are hosted by folks cleaning out their attic or garage and looking to get rid of stuff. They aren't looking for fair market value, and judging by their wares, it ain't worth fair market value.........

 

It's not about "getting a great deal"

It's about awareness of the signs that you are being offered stolen property. It's also about not taking advantage of someone who comes to (op) thinking he can help, when he is really out to rob you based on nothing other than looks and assumptions.

The op went from not knowing what the "silver dollars" were to being sure they were 40% his attitude stinks too. Instead of clarifying any questions, he tries to belittle those that aren't drinking his kool aid and cheering him on.

Personally I hope he pays for pot metal fakes he likely won't identify as such until he tries to sell

 

Exactly. It is all the sellers fault if they don't take a little time to do some research on what they have. There is no excuse not to especially with all of the resources available.

 

From an ethical standpoint some of you seriously worry me.

I wouldn't purchase any coins from someone with a serious drug addiction. Not only are you more than likely ripping someone off, but you are also assisting them in continuing a bad habit. That is just my personal opinion, though. You are certainly free to do whatever you want.

 

Let me back up a bit here. Perhaps some folks are getting the wrong meaning to what I'm posting. I get the idea that the "druggie" simply wants to unload some coins. For the sake of the argument, let's *assume* that the coins are not stolen. I don't think for a second that he really cares what they are worth. He wants money, regardless of the reason, and quite frankly, it's none of our business to judge what he wants/needs the money for. So why should the OP be required to pay him what the coins are worth? A pawn shop won't. A dealer won't. So why should the OP?

Oh, and for the record, if someone asks me what something is worth, I am always honest with my answer, even if the answers is that I don't know. That's the right thing to do. But rarely does anyone sell something for what it's worth, regardless of what that something is.

 

That is exactly what I have been saying the whole time.

 

True, but they are also the ones most likely to be selling stolen merchandise. After all most druggies have blown all their money and valuables on drugs and the top way of getting more money for drugs is to steal someone else's valuables (like coins) and sell them. For instance to you. I wouldn't want any part of receiving stolen goods and te only way I would purchase them would be in order to turn then in for return to their rightful owners and for use as evidence against the theif that stole them.

 

As someone who does appraisals people come to me all the time looking for an assessment of value. For me to say to them that what they have is worth a fraction of what it is, with the intention to use that number to buy for myself would be unethical and more than likely illegal. That is not the same as a lowball offer. Lowball offer suggests that the seller knows of its true value and is making a conscious decision to take less money.

The current owner may not even be looking to sell. Post #1 indicates nothing about a sale, but is more in the way of someone disdained upon by the op making the mistake of asking him to look at coins. This is followed by the op fishing for encouragement from us based on his one word description of the "seller" as a "drugie"

It could be that the owner asking the op IS the first crack at "research" and upon hearing his coins are worth so little maybe he says, "eh, keep them for your collection then"

This whole thing stinks like these boys gym socks.

 

Obviously, if you know they are stolen, the best decision is to not buy them. However, just playing the Devil's advocate here, how does anyone know that they haven't already purchased stolen coins? How does one know that the coin they bought on eBay wasn't stolen? From the dealer? From the pawn shop? You don't really know for sure.

 

......So why should the OP be required to pay him what the coins are worth? A pawn shop won't. A dealer won't. So why should the OP?



Well put!

 

I don't believe the OP's story. He's just seeking approval for fleecing someone.

 

Nobody said to pay what they are worth. Just don't LIE about their value in order to buy them for a STEAL, or you are basically just another common THIEF. That's the point.