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<p>[QUOTE=&quot;Detecto92, post: 1447188, member: 75105&quot;]This is another one of those &quot;fly by night&quot; coin &quot;stealers&quot;.</p><p><br /></p><p>They do not give anywhere near the actual value for coins, gold, silver, etc.</p><p><br /></p><p>They take advantage of the poor, the uneducated, and the elderly.</p><p><br /></p><p>These places claim they &quot;buy coins for collectors&quot;, but truth is they just buy to resell.</p><p><br /></p><p>There is nothing wrong with buying low and selling high, but there is a line that is easily crossed, and gets to become unethical. </p><p><br /></p><p>I&#039;ve had 1st hand experiences of what these places do. </p><p><br /></p><p>Say for instance a 80 year old lady brings in a 1916 Standing Liberty Quarter, which is worth around 3,000 dollars in good condition.</p><p><br /></p><p>Her father saved it, for some unknown reason, and her, having no family members who know anything about coins, takes it to that place.</p><p><br /></p><p>After taking the coin there, they feed her some line. &quot;The coin is just a regular standing liberty quarter. We have no idea why your father would have saved it, we will give you 50 dollars for it&quot;.</p><p><br /></p><p>That&#039;s where buying low/selling high becomes unethical. </p><p><br /></p><p>These kinds of outfits lie to people, and take advantage of elderly people. I bought a jar of wheat cents from an elderly lady, that one of these &quot;fly by nights&quot; only offered her face value (1 cent each). </p><p><br /></p><p>Another outfit was only paying around 12-16 times face for silver coins. This was when silver was at an all time high. Even the local dealers, who don&#039;t give much, were paying 25x face.</p><p><br /></p><p>See what I mean? The local dealers can still make a living at 25x face, but these outfits have to rip people off.</p><p><br /></p><p>Do you think If some older lady took in a handful of Morgan dollars, and one was a key date, saved by her father, the place would tell her? Not a chance.</p><p><br /></p><p>Now you may think that the above is somewhat unethical, but wait, there&#039;s more. </p><p><br /></p><p>Places like these have been reported of falsely testing gold. They take a 18k gold ring, they &quot;test it&quot;, and come back saying it&#039;s only 14k, and offer them even less of the 40% of melt that promised.</p><p><br /></p><p>One of these outfits currently operate under <b>SEVEN</b> different names. Once they get a bad name, they just get a new one. </p><p><br /></p><p>So if you think taking your coins, gold/silver, etc to a outfit that sets up at a hotel, town center, etc is a good idea, think again. </p><p><br /></p><p>These places <i>could </i>make a decent living offering people 60%. Especially with the volume of stuff they buy. </p><p><br /></p><p>But these places lie to people, cheat them out of items, offer them 30% of actual value, etc.[/QUOTE]</p><p><br /></p>

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