Is it just me, or was I more concerned about the way she handled her coin? http://www.winknews.com/features/action/25773034.html
She obviously knows nothing about coins. That guy, Mike, at Gulf Coast Coins sounds like a decent guy though.
If she doesn't know enough about coins to sell her coins for less than 50 cents on the dollar I wouldn't expect her to know how to hold a coin. Then again maybe that's why she got so little for her coins. :whistle: Seriously, I have a real problem with coin and jewelry buying operations that operate out of motels like the one she sold to. They run full-page ads in newspapers offering to buy your coins, jewelry, watches, etc.. They play off the high price of gold but the prices they advertise for gold coins are usually less than half the melt value. I am hoping to help ANA with a consumer awareness program that will include these types of operations that prey on the public.
BQ nailed it. Everyone is familiar with the term "buyer beware", but few people thing about "stupid sellers". "Hotel Gold Buyers" are scammers, but generally operate within the law. Lowball offers may be "unethical" but they aint ileagal
The business is full of thieves. One gold-buyer near me is currently offering $9 for silver eagles. The traveling band of gypsy thieves regularly appears in local hotel banquet rooms relieving the locals of their gold, silver, watches and jewelry at prices that are outrageously low. It's a shame.
i saw an ad and called the guy asking him since he was buying it at x how much would he be selling it for? he ran away and never came back
She certainly appears clueless, my guess is these are the windfalls of #1. Either a dead husband or two; or #2. Ex Husband 2, 3, or 4. Lots of wealthy widows out there. They know they can marry more in 5 minutes than one can earn n a lifetime... Take Care Ben
I especially enjoyed (at the end) how the reporter stumpled over the pronuciation of the tough word: numismatic!
Sometimes these "hotel gold buyers" are the target of scammers. This scammer in the Philly area went to the well one time too many and got caught: Man charged with selling fake coins Boy, this is a real dilema. Who do you pull for in this case? The scammer trying to sell Chinese counterfeits or the scammers buying gold and silver from the public for 50 cents on the dollar? In a way I'm kinda glad the scammer made over $3,200 off the other scammers before he was caught.
