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 Replies: 85 / Views: 9,846 |
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Pillar of the Community
United States
3345 Posts |
GREAT deal! Nice haul!  |
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Moderator
 United States
16679 Posts |
I think you did quite well. Nice haul!
swcoin.ecrater.com
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Pillar of the Community
United States
1409 Posts |
Congrats, looks like you did well, and he has $700 in FRN's to spend on something that will serve him better than the coins he had no interest in.
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Moderator
United States
23522 Posts |
For the first time in six years and 10000 posts here, I am angered to the point of speechlessness. If your idea of what's "morally right" is different for "friends" than others, it's not morals you're discussing. Maybe a good deal happened here, but morals weren't in the room at the time.
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Valued Member
 United States
218 Posts |
OK I posted this because I thought I just got the best deal on some coins that I ever got I was just so happy with excitement that I just had to shear that excitement with someone most of you seem to agree with me that I just made a great deal and that's all it was . But a few seem to think that I did something very wrong and bad by not offering to pay more then I was ask to pay . but I'm not rich and I just love old coins so much I just payed what he ask. Also I wish I had never posted this to start with
Edited by jakeman406
04/19/2012 7:09 pm
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Pillar of the Community
527 Posts |
Quote:
For the first time in six years and 10000 posts here, I am angered to the point of speechlessness. If your idea of what's "morally right" is different for "friends" than others, it's not morals you're discussing. Maybe a good deal happened here, but morals weren't in the room at the time. Wow man, relax. There's nothing to be angry about. This isn't some story where Jakeman took advantage of somebody. It is the seller's responsibility to know what he/she has and its value before trying to sell it. Now if Jakeman said to himself the collection is worth around $2,600 and blatantly lied to his coworker and said, "Those coins are worth only around $700" when he knows they're worth much more, that's a different story. I'm not suggesting the collection is worth $2,600, I'm just trying to rationalize this. Jakeman, good story. I calcuated the value of the 45 Morgan dollars, 14 Peace dollars, 2 90% Kennedy's, and 10 40% Kennedy's, and they are all worth about $1.514.02 in silver value. Plus you picked up $6 face value in wheats, $50 face value in Eisenhowers among other things. I think paying $700 is great.   Edited by TheDanMan
04/19/2012 8:58 pm
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Pillar of the Community
United States
1193 Posts |
Can I add my .02 cents, making the grand total according to DanMan's figure 1,514.04 LOL. First, I am a HUGE believer in the karma and "do good". I constantly find myself shooting the devil on my shoulder only to shoot myself in the long run, but happy the angel survived.
Funny, I read this post, because just today, I went into a coin dealer to try and pick up some circulated wheaties to fill an album. As I sat in front of a box of all these worthless 40s and 50s, searching for some teens with no luck--I witnessed more than 5 people come in and get taken advantage of. One with an assortment much like Jakeman's, being payed out sums that would make Jake look like a big spender.
I thought about it, and began to think, are these people just blind and grieving the loss of their loved ones that gifted them these items? Do they have financial issues and need to make a quick buck? Do they just not have any idea? Or, maybe they just don't care!
Point is, we all have been given our individual skill set, cultivated our morals, or allowed them to wilt away. Whatever the case may be, I've learned, we are responsible for our own choices, decisions and actions. I am sure Jake knew his audience, and if he didn't then that his decision and his action. Lets all just clap and look at the pics! LOL ok I am done!
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Valued Member
United States
95 Posts |
I think you done well. You gave him, his asking price. For example, I frequent an antique store to check for coins that are being sold as non silver when in fact they are 40%. Well about three months ago I bought a troy pound of silver for $34; even received a 15% discount for paying cash. It was marked wrong, but this guy sells some shady coins that are marked silver and in fact they are not, so I felt no regret and still don't. Either way he marked it wrong. All sales final, no refunds, no exchanges.
Good purchase jakeman406.
Freeman
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Valued Member
United States
294 Posts |
Quote:
OK I posted this because I thought I just got the best deal on some coins that I ever got I was just so happy with excitement that I just had to shear that excitement with someone most of you seem to agree with me that I just made a great deal and that's all it was . But a few seem to think that I did something very wrong and bad by not offering to pay more then I was ask to pay . but I'm not rich and I just love old coins so much I just payed what he ask. Also I wish I had never posted this to start with You got a great deal. But, like SuperDave said, what's the difference between a "friend" and a "co-worker" when it comes to ethics. There is post after post about "educating the public" about these gold and silver buyers, so the "little old ladies" don't get ripped off. When these people walk into a place and sell their coins and jewelry for less than half of what it's worth, we want to shut them down for taking advantage of people who don't know the value of their stuff. Now we're saying it's okay for one of us to do the same thing, that it's "the seller's" responsibility to know the value of their stuff. What's the difference here? You posted on an internet forum bragging about doing essentially the same thing. Hipocrasy at its best. |
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Valued Member
United States
294 Posts |
Quote:
Can I add my .02 cents, making the grand total according to DanMan's figure 1,514.04 LOL. First, I am a HUGE believer in the karma and "do good". I constantly find myself shooting the devil on my shoulder only to shoot myself in the long run, but happy the angel survived.
Funny, I read this post, because just today, I went into a coin dealer to try and pick up some circulated wheaties to fill an album. As I sat in front of a box of all these worthless 40s and 50s, searching for some teens with no luck--I witnessed more than 5 people come in and get taken advantage of. One with an assortment much like Jakeman's, being payed out sums that would make Jake look like a big spender.
I thought about it, and began to think, are these people just blind and grieving the loss of their loved ones that gifted them these items? Do they have financial issues and need to make a quick buck? Do they just not have any idea? Or, maybe they just don't care!
Point is, we all have been given our individual skill set, cultivated our morals, or allowed them to wilt away. Whatever the case may be, I've learned, we are responsible for our own choices, decisions and actions. I am sure Jake knew his audience, and if he didn't then that his decision and his action. Lets all just clap and look at the pics! LOL ok I am done! I think I started this with my first post in this thread. I am not questioning Jake's morals or ethics. For all I know he could be a fine upstanding, church-going guy who helps little old ladies cross busy city streets. What I am questioning is the hipocrasy of the situation. What makes this any different than the hotel room set up by the "Cash4Gold" people? Yet there are numerous postings calling for everything from shutting those guys down to tar and feathers for them. For the record, I probably would have done the same thing as Jake. The difference is, I wouldn't have made a post bragging about it. And I do not usually respond to the posts calling for the hanging of the gold and silver guys. |
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Valued Member
United States
313 Posts |
jakeman406
You paid what the man wanted,end of story.
I learned not to post these types of finds awhile back when I had a deal like yours and was exicted about it and posted about it and got beat up by some members who wanted me to do this or do that or what they would have done etc.now when I find these deals I make them and go on with my day they help make up for the bad deals you make sometimes.I hope you find more deals and can buy them even CHEAPER!
Enjoy
Fatboy
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Pillar of the Community
Australia
7096 Posts |
Quote:
jakeman406
You paid what the man wanted,end of story.
I learned not to post these types of finds awhile back when I had a deal like yours and was exicted about it and posted about it and got beat up by some members who wanted me to do this or do that or what they would have done etc.now when I find these deals I make them and go on with my day they help make up for the bad deals you make sometimes.I hope you find more deals and can buy them even CHEAPER!
Enjoy
Fatboy
 you were offered a deal by a willing seller that you hardly know and you made an astute business decision, Good on you. No one bags anyone for making a great deal on ebay, craigs list ect, so what is the difference with this transaction  both parties walked away happy and the coins get to go to a good home where they will be cared for ( instead of the melter's) it's a win win situation. Sorry superdave I have to disagree with you on this one, There was no moral obligation when a price is asked by a seller and a deal is struck. If it was an old lady that was desperate for a quid just to survive then that would be an entirely different matter, But I am sure that is not the case in this instance. Nice pick up jakeman406  |
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Pillar of the Community
United States
1510 Posts |
great deal--how did he come up with the number? (700)
Retired USAF 1983-2003
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Pillar of the Community
United States
863 Posts |
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Valued Member
United States
294 Posts |
Quote:
you were offered a deal by a willing seller that you hardly know and you made an astute business decision, Good on you. And the difference between this deal and the Cash4Gold guys is...? Quote:
both parties walked away happy and the coins get to go to a good home where they will be cared for ( instead of the melter's) it's a win win situation As is usually the case with most of these hotel transactions (whether the coins will lovingly cared for or melted is irrelevant to the discussion, business is business), so again, the difference is...? Quote:
There was no moral obligation when a price is asked by a seller and a deal is struck. The lonely widow who needs to sell her stuff off and says "what will you give me for this stuff" because she doesn't know the value of what she has, and a seller who also doesn't know the value of the stuff he has and throws out a random number that the buyer knows is less than half of the market value and still accepts, seem like pretty similar situations to me. Quote:
If it was an old lady that was desperate for a quid just to survive then that would be an entirely different matter, But I am sure that is not the case in this instance.
How does need in anyway affect the value of anything? Charity is completely different from business transactions. Again, my point is not to show Jake as a bad guy. It's the hipocrasy of this post, when we are quick to jump all over the "bad guys" for doing the same thing, and how we need to "educate" the public against doing business with "those guys" that prompted me to get into the discussion. |
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Posted 04/19/2012 4:04 pm
