Non-collectors really don't know about silver

Funny story that happened at school today: I was questioning someone about the older wheat cents and they said it was still worth a cent no matter what. So, I decided to exploit this lack of knowledge of coins.

I told her that if she had any pre-65 quarters I would pay her a dollar each for them.
We actually shook on it.

Later, I told someone else I would pay them a dollar for pre-65 quarters and $.50 for pre-65 dimes. They also shook on it. Not collecting coins can be dangerous, people.

I have no idea whether it violates the rules or not, and I am TERRIBLY sorry if it does, but it was still pretty funny. I'm sorry if I'm going to receive any insulting and beef for this.

 

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That's a pretty good racket you've got going there. Hopefully they don't wise up... and hopefully the price of silver doesn't drop below ~$6.93/oz or you'll start taking a loss on the dimes!

 

And you will eventually get your ass kicked by an IRATE father that you took his coin collection taken from his uninformed daughter!!

 

Oh dear, where to start? You say Non-Collectors don't know about silver... you could just as easily say most middle and high schoolers don't. And really, she is right, a wheat cent is STILL only worth a cent.. to most people. I doubt you could take them to the store and expect the clerk to let you do an exchange rate if you are buying something. And not collecting can be dangerous? Eh... the chances of finding anything in circulation that is life changing is very slim, so I would guess most non-collectors are gonna be ok

 

Well, taking advantage of them isn't really the best way to educate them.

And its not the best way to make friends, either.

Sorry, I really can't congratulate the complete lack of integrity or honesty that you've shown in this post. Rather, I find it shameful. And it's not really funny, either.

 

You know, you've made me rethink my ways. If they find any pre-65 dimes and quarters in their piggy banks, I will tell them to hold on to them and say the whole purchase thing was just a lure to help you find those coins that you would have spent.

 

Aw c'mon, give the kid a break. Think back to when you guys were in junior high and some of the things you said and did. Heck, when it boils down to it I doubt OP would go through with the deal. In the end (I believe) he'd have a good laugh educating his friends.

 

I feel like it's better to create a new collector than to scam a non-collector, but it's a win-win. They turn .25 into $1 and I turn $1 into whatever the silver melt for a pre-65 quarter is these days.

 

Seriously? Were you never 12 years old?

 

I think he's pretty darn clever for a 12 year old, actually.

 

Reminds me of the dealer I watched pay an elderly women $17 per ASE when silver was at $32 an oz. She had brought in one roll. He told her it was the best he could do because they were not popular. The women explained her husband had just passed and she had more to sell. I left the store at the same time as the women and told her to find a new dealer to work with. I never went back to that store and noticed a while back the store has since closed.

Treat people the way you would want your family members treated. It works better in the long run.

 

ditto.

 

You guys actually think this is OK?

 

At 12 years old one can see how at the time you were creative and made a profit on the lack of knowledge of people regarding silver coins. In say this, at a very young age you are learning ways to cheat and exploit others and it will carry over to your adult life. You will eventually cheat the wrong person and find yourself in a predicament that you may not be able to talk your way out of.

If you have truly changed your ways then you will have no problem giving back what you took with those you shook hands with. I posted this in a previous thread; your WORD is something you can lose in a SECOND and take a LIFETIME to get back. When you go to bed tonight; I want you to think if it was your daughter or son that was taken advantage of and then tell me how did you feel inside. I truly hope this is a learning lesson for you. JMHO.

 

If they have any silver in their hands tomorrow, I will simply tell them that they should hold on to their coins, announce their current melt value, and show them that there are coins worth more than face value that you should look for.

After all, it's better to create a collector than to scam a non-collector.

 

Now you need to hire a dope to stand on the street swinging a gold arrow sign.

 

Don't feel too guilty about physics-fan3.14 said, because I have known a few actual dealers who just as crooked. Ha, ha! But, Markus 1959 is probably correct, you might get attacked by an irate student if/when they find out you took advantage of them. Ha, ha!

 

I have been reading the forums for months but this is the first post. This is an interesting discussion that raises many issure. Here is another. I have a son who works in a toy store. He often comes home with silver and obsolete banknotes. Once he got a 3 digit dollar star note. Most of these purchases were made by kids. Where do you suppose they got this money? I believe they pilfered cois and bills from dad's or grandad's collection. So should my son have refussed to complete the sale and told the kid to go home and return the cash where he got it? If you were the store manager how would you feel about an employee refusing to make a sale.

 

Dang...lighten up...what the OP said sounds like something I might have said. He made contrition by saying he won't buy the coins. However, many of the people who bring him coins REALLY will never get interested in collecting. May I suggest that he offers them a fair price for them so that each gets a good deal. A story I have told before comes to mind. When I was perhaps 10 years old (1955...dang) I was showing a friend of our family an Indian Head Cent I had just bought. He responded that he saw those in circulation all the time. I offered him 5 cents for each one and he was delighted that he could take advantage of a 10 year old and teach me a lesson...several months later, he was amazed that he hadn't seen any.

 

You're right... but why did most of us stop/grow up? I cannot speak for anyone else, but I'm guessing it probably had something to do with being shown the light (so to speak), and that's exactly what a few here seem to be trying to do for this young fellow.

There certainly is nothing wrong with cutting this kid, or any kid for that matter, a deserving break once in a while. On the other hand I cannot help but to wonder if many problems in today's society could've been avoided had so many "breaks" not been so easily handed out, but instead replaced by a little "hard truth". Looking back, I can honestly say that a few swift kicks of reality to the behind did a lot more for me in the long run than coddling ever did.