Biggest Flea Market Sale I've Seen

Discussion in 'Bullion Investing' started by jfscmedic, Feb 13, 2018.

  1. jfscmedic

    jfscmedic Well-Known Member

    Usually flea Markets are for deals and cheap sales but this past Sunday I saw the largest single cash sale I have ever seen. The dealer I set up with brought to the market a complete set of Mexican gold coins. I never imagined he would find a buyer there.

    But mid morning a dealer who buys and sells Mexican coins as well as Gold and Silver Bullion came over and looked at the set. And he bought it. $3,050.00 Cash. I guess you never know.

    Screenshot_20180211-190447.png Screenshot_20180211-190515.png
     
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  3. gxseries

    gxseries Coin Collector

    WOW!!!

    I'm sure the set must have been one of the dealer's highlight. I'm more impressed that the dealer let you take these photos. I seriously would like to know how to manufacture such acrylic sets. Got plenty of ideas.

    Whoever owns it right now is a proud owner of an amazing gold set.

    Thanks for sharing!
     
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  4. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Not sure buying Gold at a Flea market is the best idea, i would be somewhat
    hesitant, especially with all the fakes floating around out there :(
     
  5. rte

    rte Well-Known Member

    Have a family friend that seemed to always get diamond rings for a couple dollars at the flee market Before they went mostly commercial.
    He would head over to the back rows where the junk was and go thru the private party sellers tables.
     
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  6. jfscmedic

    jfscmedic Well-Known Member

    The coins are 100% Authentic and both the Seller and Buyer are established dealers. The seller is a good friend of mine and has no issues with me taking pictures of any of his coins.
     
  7. jfscmedic

    jfscmedic Well-Known Member

    This is simply a Capital Plastic Holder...the coins are not set in Acrylic.
     
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  8. Michael K

    Michael K Well-Known Member

    Seems like a fair cash deal since both parties were happy with the transaction.
    What are the melt values of these coins?
    How much profit can be made, individually or as a set?
     
  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    I hope he was qualified enough to inspect and authenticate his purchase beyond
    any doubt, that,s allot of money to throw out there especially since you will more then likely not see the guy a again, very scary :(
     
  10. -jeffB

    -jeffB Greshams LEO Supporter

    :bookworm: Read the posts below your first one...

     
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  11. Mr Roots

    Mr Roots Underneath The Bridge

    Pesos are just as easy to tell if they’re real or not as pre 33 gold. Pretty easy.
     
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER" Supporter

    Then why buy at a flea market in the first place..LOL
    Like many swap meets these days everything is so commercialized
    You can just go to there store front and get the same deal, swap
    Meet doesnt always mean good deal.
     
    Last edited: Feb 14, 2018
  13. lordmarcovan

    lordmarcovan Eclectic & odd Moderator

    Not everything at flea markets is junk.

    That's a handsome set, and a pretty good chunk of bullion.

    Might be a fun way of spanning the gap between "stacking" and "collecting".
     
  14. jfscmedic

    jfscmedic Well-Known Member

    Yes they were real. And both of these dealers sell at the same market week after week so they are not strangers.
     
  15. jfscmedic

    jfscmedic Well-Known Member

    50 Peso 1.2056 Troy Ounces
    20 Peso 0.4822
    10 Peso 0.2411
    5 Peso 0.1206
    2 1/2 Peso 0.0603
    2 Peso 0.0482

    Total 2.158 Troy Ounces of Gold

    So aprox $2,870 Based on Gold Price Today.
     
    Mr Roots likes this.
  16. Michael K

    Michael K Well-Known Member

    I think the buyer did well then.
    Since his investment is covered over 90% by spot.
    I wonder if he already has a client in mind to sell the set,
    or if he is going to piece them out.
    It's a beautiful set.
     
  17. TheFinn

    TheFinn Well-Known Member

    Were any of the coins better dates, or just restrike dates like 1959 $20, or 1947 $50?
     
  18. Mkman123

    Mkman123 Active Member

    thats a beautiful set!! Love it
     
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