Are these people good?

Hello, I found this source online (link is below this paragraph) and I am wondering if any of yall have purchased from these people before. If you have can you please describe your experience with them and if you would purchase from them again. Also weather if you have purchased from them or not can you please let me know if you think they are reputable or not.

Thank you, have a good day

here's the link,

http://www.collectorsinternet.com/wholesalebargainbox.htm

 

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My guess is to good to be true.

 

If it seems too good to be true............



[fill in the next line yourself, if you can't -- then buy away.]

 

LOL! Believe it or not, I wrote a few ads like this for a coin dealer. That was in my young innocent days when I didn't have a clue. Now, I know better and feel sorry for the folks.

Anyway, there were uninformed suckers out there who were dying to throw their money at us - time, after time. Funny thing, we often waited to get the money before buying the product or "salting" a "junk" lot. Hopefully, the "Big Man in the sky" will forgive my past transgressions.

 

Seems to me that if you did find something worthwhile in these lots, you still would come out in the red because of all the inevitable junk included. Just a thought.

 

Never heard of them and I'd like to keep it that way!

 

We made sure there was NOTHING really good. It is all relative. Throw a VF 1916-D, 17-S , and 21-S in a small batch of wheat cents + an AG 1906 Indian cent and 100% of the accumulators will think they just became millionaires!

 

OK. Say you want to pay $2,000 for their high-grade lot. Think of the graded coins you could buy for $2,000. It doesn't make mathematical sense.

That's in addition to the fact that I suspect they are con artists of the first magnitude.

 

Thank you so much for all of the valuable information, I will be sure to stay away from these people, very good points that yall have brought up

 

There are still people, today, who blindly buy from Coin Vault and Franklin Mint aren't there? What makes this place any different?

Chris

 

Good to avoid

 

I want to buy 200,000 coins @$1.25 each. I figure I can double my money on E-Bay.

 

Just as a bit of friendly advice.... but when you see things like the following, run, don't walk:

"Hello,

I received the 300 coin purchase - thank you - the coins were great. I want to order a larger quantity of coins this time. My intention is to keep a few nice coins and sell the rest on E-bay and make more money."

This is classic sucker bait and is meant, by design, to do nothing more than remove money from your pocket; the lure of easy money is strong, I know, but you need to be smarter than the schmoes.

There certainly are avenues you can take to acquire your inventory, but it's not likely to be as easy as simply clicking a "buy" button and waiting for delivery. You're probably going to need to get out and meet people, make connections, and pay your dues. If you insist on following through with this set idea, perhaps try to find a B&M, or possibly even a dealer without a physical location, who has and is willing to cut a reasonably profitable (to your worst-case projections) bulk/lot price on what you need. The former in particular often is overloaded with the types (I assume) you're likely seeking, and very well may be happy to liquidate some while helping a sincere young fellow out, but you're going to have to do the legwork here, and don't act as if you're somehow entitled to buy at X price or whine that you need to make money (yes, it happens, and is a fine way to cut your own throat). Especially at your age, showing respect is very important, and taking the high road no matter the situation should serve you well in the long run. Coin prices are not always static; one guy's buy price isn't always the same as the guy behind him. Remember, relationships matter (one hand washes the other), and is true on both the buying and selling side.

The point is that you would be wise to take to heart the old saying that "there are no free rides.....". While there are no absolutes, the saying is, for the most part anyway, quite true.

 

I have not used this Lot Dealer but to me there are way to many red flags to ignore. To much advertising for a Lot of anything. If they know that much do you think they will not pull out more valuable items. Let us know how it works out

 

I wouldn't buy 1 coin from them, much less hundreds or thousands of coins.

 

I wouldn't even want to know them .

 

Thank you so much for the great advice; I will definitely keep relationships with dealers and other numismatists in mind and I will defiantly look into the sources that you have suggested.

 

I'm afraid to buy any raw coin unless I can hold it in my grubby hand. Already purchased from what turned out to be fake IRS ceased assets (online auction) and coins were what they advertised, but in no condition to even grade. They had been used as jewelry maybe? I still don't know, worth about their weight in bullion, maybe!

 

Of course it's junk - how else could they have lots of higher valued coins, if they haven't sorted out the good stuff?