Log in or Sign up
Coin Talk
Home
Forums
>
CoinTalk
>
What's it Worth
>
I have lost money on every coin i have ever purchased.
>
Reply to Thread
Message:
<p>[QUOTE="Juan Blanco, post: 1661826, member: 41665"]Welcome to coin collecting. You've now been "educated" LOL </p><p><br /></p><p>Buying anything retail is, for the most part, a TERRIBLE "investment." But seriously, most coin-shops are little more than pawns and you'd be LUCKY if the spread were 40%. </p><p>Supporting someone's business (rent, salaries, etc.) is no crime, but <b>you got a -89% haircut.</b> Sorry sucka, you just got played... but most "coin lovers" do sometime(s.)</p><p><br /></p><p>You also know they'll mark "your" (low-priced) coins right back up to "their" high prices in the case again? That's the coin-grift, it's a 1-2 punch.</p><p><br /></p><p>What's it worth, really? </p><p>1) Look at feeBay, ALWAYS do research <u>before</u> buying</p><p>2) Average 3-5 same-same auctions, subtract -11%</p><p>3) That's WHAT IT'S WORTH at market, the REAL fair price (approximately.) </p><p><br /></p><p>Coin dealers HATE anyone knowing that. Litmus test? Tell them the eBay price you saw for a grossly overpriced coin in their case, watch them squirm or get angry. Why should the truth make a thieving coin-dealer so angry? Is it the realization that their corrupt business model (decades of preying upon ignorant fools) is now - in the Age of Free Information - permanently broken? LOL Let's hope so.</p><p><br /></p><p>Still want a coin from your favorite chiseler's shop? o.k. but make a fair LOWball offer next time and <u>stick to it</u>. Be polite. Decline the case-price and walk out if your WELL-INFORMED price isn't met. Tell him his prices are too <i>damn </i>high, if he asks Why?</p><p><br /></p><p>btw, if broker-dealers in the financial service industry (my biz) pulled these coin-grifting stunts they go straight to jail.[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1661826, member: 41665"]Welcome to coin collecting. You've now been "educated" LOL Buying anything retail is, for the most part, a TERRIBLE "investment." But seriously, most coin-shops are little more than pawns and you'd be LUCKY if the spread were 40%. Supporting someone's business (rent, salaries, etc.) is no crime, but [B]you got a -89% haircut.[/B] Sorry sucka, you just got played... but most "coin lovers" do sometime(s.) You also know they'll mark "your" (low-priced) coins right back up to "their" high prices in the case again? That's the coin-grift, it's a 1-2 punch. What's it worth, really? 1) Look at feeBay, ALWAYS do research [U]before[/U] buying 2) Average 3-5 same-same auctions, subtract -11% 3) That's WHAT IT'S WORTH at market, the REAL fair price (approximately.) Coin dealers HATE anyone knowing that. Litmus test? Tell them the eBay price you saw for a grossly overpriced coin in their case, watch them squirm or get angry. Why should the truth make a thieving coin-dealer so angry? Is it the realization that their corrupt business model (decades of preying upon ignorant fools) is now - in the Age of Free Information - permanently broken? LOL Let's hope so. Still want a coin from your favorite chiseler's shop? o.k. but make a fair LOWball offer next time and [U]stick to it[/U]. Be polite. Decline the case-price and walk out if your WELL-INFORMED price isn't met. Tell him his prices are too [I]damn [/I]high, if he asks Why? btw, if broker-dealers in the financial service industry (my biz) pulled these coin-grifting stunts they go straight to jail.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
CoinTalk
>
What's it Worth
>
I have lost money on every coin i have ever purchased.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...