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Cash For Gold Inside The Bank

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BadThad's Avatar
United States
19964 Posts
 Posted 08/24/2012  3:17 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
That is strange....I guess the bank gets a cut, a huge red flag for anyone with a brain selling. I'm sure they're offering WAY off of melt.
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silvercoinrn's Avatar
United States
863 Posts
 Posted 08/25/2012  11:55 am  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
"I think $1000 is a bit pricey for a dime bag, no?"

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pennysaver's Avatar
Canada
937 Posts
 Posted 08/25/2012  3:43 pm  Show Profile   Bookmark this reply Add pennysaver to your friends list Get a Link to this Reply
Up here we don't get those gold/silver guys in the banks, thank goodness, but we do see them in the malls all the time. They just move town to town, slap up big advertising posters, and suck eveybody into selling their old coins for a cheap few bucks instead of letting them roll it up and and sell it to the bank where good roll hunters can have a chance at it! (lol) It ticks my local coin dealer off because he's willing to pay more for scrap than these mall guys, but people seem to want to wait for the next gold/silver show instead of selling to him. For some reason they seem to think that a gold/silver "Roadshow" is more credible and will give them the best price for their stuff. No matter that my dealer has been a local businessman for 30 years, these customers "know" that they'll do better in the mall. Like ducks lining themselves up for a target shoot. Makes me think of becoming one of these silver buyers myself...
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 08/25/2012  4:06 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply

Quote:
Makes me think of becoming one of these silver buyers myself...
Me too, and I'm willing to pay more than the coin dealers.

When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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basebal21's Avatar
13014 Posts
 Posted 08/25/2012  4:08 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Why? That makes no sense at all. Of course they can exchange it for face value. It is after all just U.S. coinage....


Agreed. The only reason they couldnt would be as a policy of the bank which probably gets kick backs from the cash for gold place on coins they send over to them thus giving the bank free money.

Just a very very shady operation in general and couldnt agree more with those that said they would find a new bank
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 08/25/2012  8:45 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Thanks for all the feedback!
One bank that educates customers on the numismatic value of coins does not have a cash for gold buyer in their bank. Comerica bank (as in the new Tiger Stadium, Detroit). Even though I don't care for their policy, (which means less silver in circulation for us), I think they may be genuine. And like I said, the cash for gold bank still gives up the silver to me in roll finds, thanks to the non-picking tellers.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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