500 Morgans Need A Home

Discussion in 'US Coins Forum' started by FTWrath, Jan 28, 2012.

  1. Kasia

    Kasia Got my learning hat on

    Actually, that's a good idea, and he should not be upset, because it protects the guy from you (who he doesn't know), too.
     
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  3. Elapid

    Elapid Member

    How about complete the transaction in the bank and put your purchase in a safety deposit box? ie never leave the bank with the coins on that day.
     
  4. NOS

    NOS Former Coin Hoarder

    You do realize that if everyone who went to a bank carried a gun, robberies of banks would be a thing of the past? The guys who run my local coin shop make it well-known they are carrying guns as they are hoistered on their waists for everyone to see. I'd be quite surprised to read in the newspaper that they were ever robbed. Anyways, I look forward to reading about what coins FTWrath bought and how things went with his seller.
     
  5. FTWrath

    FTWrath Member

    Our Tuesday fell through as he wasn't able to get away from his job.
    But Monday looks a go at the moment.
    Ill keep you guys filled in though
     
  6. Coinguy56

    Coinguy56 Member

    I think meeting up at a Police Station would be a bit safer than a bank. People carry guns into banks all the time and rob them but not Police Stations. And when I talk about Police Station, I say in the lobby, not outside. Get permission before hand though.
     
  7. NOS

    NOS Former Coin Hoarder

    I feel that meeting at a police station is a bit on the extreme side. Just today I sold a textbook to someone through CL without a problem. We met at a grocery store parking lot, the buyer examined my book, handed me the money, and we both went on our merry way. Granted coins are in a different league but I feel doing it the way FTWrath suggests isn't a bad idea. If the guy actually has the coins I doubt he would have you do a withdrawal, take your cash and run off with the coins he brought to the bank to begin with as well.
     
  8. FTWrath

    FTWrath Member

    CL isn't THAT bad guys.
    I can't remember the last time I heard a report about someone getting robbed off of it.
    I'm meeting him at florida state fairgrounds as his company sets up the entire event and I'm not bringing a dime.
    He already told me because I've been nice and honest with him and willing to look at his coins and tell him what he has he will let me cherry pick them AND said he'd give me as many all access passes as I need.
    I've called a couple times and wasn't able to talk because they were unloading trailers, etc and you can hear forklifts in the back.
    I doubt the guy would be going through this much trouble to steal $300 off of me.
     
  9. GeorgeM

    GeorgeM Well-Known Member

    I've done transactions in bank lobbies before. Very safe.

    Just make it clear that any money you get from a transaction is getting deposited right away (and any purchases you make are going into your safe deposit box). That makes it clear to the person you're dealing with that there's no room for funny business.

    A police station seems like it might be an even safer. But, what would happen if the person you were buying from turned out to be selling stolen property (even if they didn't know it)? At the very least, it would put you on the radar of the police, which isn't always such a great thing. Not that I've ever had a problem with cops - the vast majority are very honest and extremely conscientious of the law. But, do you want to have "potential fence of stolen goods" in your file?
     
  10. FTWrath

    FTWrath Member

    I didn't get a chance to meet him as he's still busy setting up Florida state fair. I work too much and just sent him to my coin dealer.
    he pawned them, about 360 face value of morgans and Halfs.
    Not much value at all above scrap. Tons of near cull coins and high mintage. I think there was a dozen or so good years but bad grades.
    Glad I didn't have to go through them XD
    He does have a lot more though.
     
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