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<p>[QUOTE="clembo, post: 391396, member: 8033"]It's amazing how people get sucked into "great deals" on coins when they are clueless and gullible.</p><p>I've seen it for years at shops and see it even more that I'm in one.</p><p><br /></p><p>What's really scary is when the folks come into the shop to sell this stuff and are apalled at what they offered. Most sell and I'll guarantee at a huge loss.</p><p><br /></p><p>Recent examples:</p><p>The boss bought a collection full of stuff from the Morgan Mint. Nice looking cases - probably worth more than the coins. A "year" set of Walking Liberties including AG 1916-S obverse and a 21-S. Hey, AG is acceptable for tougher dates but did they HAVE TO CLEAN EVERY COIN IN THE SET?</p><p><br /></p><p>Then there was the quarter date set. Washingtons that is. Boss had me break it down. We kept the 32 as it was decent but cleaned.</p><p>He had me toss all the silver into the melt bucket then wanted me to update our stock of BU clad.</p><p>Nothing happening. ALL OF THE CLAD WAS HARSHLY CLEANED.</p><p><br /></p><p>We get our share of Littleton as well. I'll give them this much. Grading is always good now as for the price.......</p><p><br /></p><p>We also get "packets" if from various sources. You know - a sealed plastic pouch with a label stating date, condition and PRICE.</p><p><br /></p><p>1948-D Roosevelt the other day. The guy probably bought it 20 years ago. Nice BU coin actually - could go MS65. He paid $21.95.</p><p><br /></p><p>I bought it for $2 from the boss. Junk silver to him. I sold it for $5.</p><p>My buyer will be happy with that coin for $5. Not a bad price at all. Only $17 less than someone paid for it a long time ago.</p><p><br /></p><p>My co-worker and I were discussing this. I told him we were in the wrong business - sort of. After all we could buy crap all day, advertise it and sell it at a HUGE markup.</p><p>Only problem is that we both like sleeping at night.</p><p><br /></p><p>Yes, I'm rambling but have to vent SOMEWHERE. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Oh, the money these people could have saved.[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 391396, member: 8033"]It's amazing how people get sucked into "great deals" on coins when they are clueless and gullible. I've seen it for years at shops and see it even more that I'm in one. What's really scary is when the folks come into the shop to sell this stuff and are apalled at what they offered. Most sell and I'll guarantee at a huge loss. Recent examples: The boss bought a collection full of stuff from the Morgan Mint. Nice looking cases - probably worth more than the coins. A "year" set of Walking Liberties including AG 1916-S obverse and a 21-S. Hey, AG is acceptable for tougher dates but did they HAVE TO CLEAN EVERY COIN IN THE SET? Then there was the quarter date set. Washingtons that is. Boss had me break it down. We kept the 32 as it was decent but cleaned. He had me toss all the silver into the melt bucket then wanted me to update our stock of BU clad. Nothing happening. ALL OF THE CLAD WAS HARSHLY CLEANED. We get our share of Littleton as well. I'll give them this much. Grading is always good now as for the price....... We also get "packets" if from various sources. You know - a sealed plastic pouch with a label stating date, condition and PRICE. 1948-D Roosevelt the other day. The guy probably bought it 20 years ago. Nice BU coin actually - could go MS65. He paid $21.95. I bought it for $2 from the boss. Junk silver to him. I sold it for $5. My buyer will be happy with that coin for $5. Not a bad price at all. Only $17 less than someone paid for it a long time ago. My co-worker and I were discussing this. I told him we were in the wrong business - sort of. After all we could buy crap all day, advertise it and sell it at a HUGE markup. Only problem is that we both like sleeping at night. Yes, I'm rambling but have to vent SOMEWHERE. ;) Oh, the money these people could have saved.[/QUOTE]
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