Rolls of Silver at a Garage Sale!!

Discussion in 'Coin Chat' started by ikandiggit, Aug 18, 2012.

  1. ikandiggit

    ikandiggit Currency Error Collector

    I just popped into a garage sale up the street. Nothing but junk but I asked if they had any coins. They did. The owner went into the house and brought out a box full. Most was foreign souvenir stuff but then I saw the rolls! All silver!

    Were they for sale?


    What would you take?

    What would you offer?

    -Just then some guy comes and starts poking around saying he'll take the rolls. She tells him I had first option. I offered $200. The guy turns and leaves in disgust. She takes my $200 and I happily return to work.

    The total value works out to just over $400 in melt. I still have to check for errors and whatnot.

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  3. zachfromnj

    zachfromnj Junior Member

  4. ikandiggit

    ikandiggit Currency Error Collector

  5. ikandiggit

    ikandiggit Currency Error Collector

    Ohhhhhh. I got it. Props.:D

    Hey, I 'm old. I still say groovy.
  6. 01mikep

    01mikep Well-Known Member

    Nice. At least someone has luck on their side.
  7. Cazkaboom

    Cazkaboom One for all, all for me.

    I bet that other guy was going to rip 'em off. That may be why he left disgusted.
  8. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Umm...maybe, but the OP paid less than 50% melt too. Funny thing is that in other threads, dealers who do this have been called everything under the sun, but no one has yet slammed the OP for the same.

    Congrats OP... all is fair in love and war.
  9. fretboard

    fretboard Defender of Old Coinage

    Wow, sounds like you got one helluva deal! What's more is you sent that looky-loo packing by making your offer in his face so to speak. WTG!!! Congrats on a great deal!! :thumb:
  10. roll searcher

    roll searcher coin hunter

    I think the whole point of going to garage sales is to make money/ get really good deals. Nice job Ikandiggit!
  11. USS656

    USS656 Here to Learn

  12. Cazkaboom

    Cazkaboom One for all, all for me.

    Very true, but hey, the other guy was more than likely to offer something lower than that. Maybe face? And it is the seller who took the deal, they could've said no.
  13. kookoox10

    kookoox10 ANA #3168546

    No need to, OP made an offer, seller accepted it. Seems like a clean transaction and both parties came away with a good deal.
  14. Lon Chaney

    Lon Chaney Well-Known Member

    Those are weird looking plastic tubes/rolls, whatever. Never seen something like that.
  15. Nice score. 50% of melt is probably close to what a dealer would pay anyway. Congrats! TC
  16. ikandiggit

    ikandiggit Currency Error Collector

    Crappy holders that even the banks won't accept. Hard to load and even harder to get the coins out.
  17. rodeoclown

    rodeoclown Dodging Bulls

    Because dealers examine it all before making their offer, usually knowing what they're buying and have already calculated their profit.

    Sounds to me like the OP guesstimated quickly, made an offer and the seller who likely knew nothing about coins was satisfied, thinking they likely made off with a deal. In this case, both the buyer and seller made out to be winners.
  18. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    I highly doubt face, but point made.

    Anyone offering their items (coins) for sale is the seller. In this type of situation, it's always the seller who who "takes the deal" and could have said no. Your logic suggests that no one should ever be ripped off, scammed, underpaid, whatever because they choose to take the deal offered. Next time there is a thread slamming some dealer for not paying strong, are you going to point out that the seller "could've said no"? Honest question.

    Really? Did the seller truly get a "good deal" or maybe they just think they did not knowing any better? For the sake of discussion, consider this; if in the next few days a new member posted a story about someone paying them half what their silver was worth, you know as well as I that the usual bunch would jump all over it calling the other party a thief, scum bag, and who knows what else. How many would call that a "clean transaction"? I cannot be the only one who finds it ironic that when its a known member who benefited, not one negative thing is said, and not only that, he is widely congratulated. How come Detecto isn't calling in the army men over ikandiggit's good fortune?

    With all due respect, this comes off as nothing more than an attempt to justify why this was okay for the OP and not a dealer. Not every dealer buy is pre-calculated down to the exact profit, especially with metals and for obvious reasons. After all, X time face is really nothing more than a guesstimate and junk silver is readily purchased (including on the fly) this way. I get your point, but the OP also could have asked to examine before making an offer.

    As mentioned earlier, if the seller came here and told a story of how they didn't know what they were doing and sold out at half melt, the buyer (especially if a dealer) would be vilified. How about the threads where someone was congratulated for butting in and not allowing an evil dealer to pay 50%? My only point is that the same people who go out of their way to bash dealers are now nowhere to be found. It's a double-standard and nothing more.

    I do want ikandiggit to know that this all is only for the sake of argument, and as he probably knows from my last post, I see nothing wrong in what happened.


    I apologize if (in any way) I've brought a negative vibe to your thread
  19. rodeoclown

    rodeoclown Dodging Bulls

    One thing I forgot to mention as well, I am not one that says bad things about dealers either. Sure others here might have but the person letting the item or items go is the one who said yes to whatever offer was made. If people educated themselves in what they're selling or don't want to make 50% of what the potential value is, they can easily go the route of selling at it's full potential value if they choose. ;)
  20. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    I know you're not... The posts simply gave the opportunity to show a different point a view - something I often try to do regardless of personal feelings.

    I could not agree more. It's not the dealer's or anyone else's responsibility to give top dollar... it is the buyers if they want to get it.
  21. green18

    green18 Sweet on Commemorative Coins Supporter

    'diggit made an offer, based on a quick perusal, and the offer was accepted. His move could have just as easily backfired had there been a few slugs peppering those rolls.......
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