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Suspected coin dealer employee seeking arbitrage - lowest of the low
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<p>[QUOTE="cleus55, post: 869477, member: 24848"]This is the only proof I have:</p><p><br /></p><p>a colleague of mine knows who he is and where he works, but apparently his boss thinks he is a "collector" - as in, "oh you collect coins? You can buy these at a good price for your 'collection' ". I just doubt the boss knows he is selling them off.</p><p><br /></p><p>But looks like alot of people here have made it clear that doing this is common practice! Ha! It seems like there are sharks out who don't give a damn about the coins, they will just make a buck out of you. I got into the stocks business years ago, but looks like I was kidding myself! While I'm trying to make an honest living there are sharks out there making risk free profit behind their employers back/at the expense of their employer.</p><p><br /></p><p>Look. Guys I'm not talking about unsellable rubbish $50 coins.</p><p><br /></p><p>I'm talking : coins worth in magnitude between $500 and thousands of dollars. Some are new release 2010 proof sets - about $1500 - and are still being advertised on the company website. Some other coins in excess of $3000. The thing is he is selling them for about $200 less on ebay than what his company is advertising them for on their website. </p><p><br /></p><p>Taking away their business? If his boss thinks he is just a collector but he's doing this activity on the side then it's got to be wrong. But if this is common practice- then it's a darn good way to make risk free profit. That's all I'm saying.[/QUOTE]</p><p><br /></p>
[QUOTE="cleus55, post: 869477, member: 24848"]This is the only proof I have: a colleague of mine knows who he is and where he works, but apparently his boss thinks he is a "collector" - as in, "oh you collect coins? You can buy these at a good price for your 'collection' ". I just doubt the boss knows he is selling them off. But looks like alot of people here have made it clear that doing this is common practice! Ha! It seems like there are sharks out who don't give a damn about the coins, they will just make a buck out of you. I got into the stocks business years ago, but looks like I was kidding myself! While I'm trying to make an honest living there are sharks out there making risk free profit behind their employers back/at the expense of their employer. Look. Guys I'm not talking about unsellable rubbish $50 coins. I'm talking : coins worth in magnitude between $500 and thousands of dollars. Some are new release 2010 proof sets - about $1500 - and are still being advertised on the company website. Some other coins in excess of $3000. The thing is he is selling them for about $200 less on ebay than what his company is advertising them for on their website. Taking away their business? If his boss thinks he is just a collector but he's doing this activity on the side then it's got to be wrong. But if this is common practice- then it's a darn good way to make risk free profit. That's all I'm saying.[/QUOTE]
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