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 Replies: 59 / Views: 13,497 |
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Bedrock of the Community
United States
14454 Posts |
there are allot of those type of people around in the US as well and call themselves some type of roadshow (trying to make a quick buck off of the antiques roadshow program). They usually set up in local motels and you wouldn't believe how many people actually sell their coins to these crooks. There are some of these coins end up on ebay in huge lots of silver dollars for usually quite a bit over spot. Anytime I see someone offering 500+ Silver Dollars I always question if they may be one of these types of organizations selling them on ebay and not all are but allot of them have been found to be from the same area these people say they are from in the flyer they send out so chances are pretty good they are the same people |
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Valued Member
Canada
311 Posts |
Good for you tensense, feels good to help someone out, I did the same thing with an elderly single lady friend, she saw that she could get $6 per one dollar silver coin, from someone staying at a motel, and I got her $10 per silver dollar when a coin dealer I have dealt with gave $10 per one dollar silver. It was actually J and M Coins of Vancouver. This occurred several months ago.
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Valued Member
Canada
307 Posts |
@ Dottir Quote:
I also just learned that people who don't have credit cards can actually buy prepaid credit cards (like Visa gift cards from their bank!) that work for online and in store transactions just as an aside and really not on topic...I have one of these for the same reasons as you are thinking and I have had places refuse them.....just a heads up to you to verify if it is accepted before you try  |
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Valued Member
Canada
307 Posts |
and back on topic....it is a shame that people don't always have the morals they should but the attitude is there when he said
"people don't have to accept the money it is just a price and they can refuse"
he feels no shame for what he is doing and though not illegal it is wrong.
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Valued Member
Canada
311 Posts |
Here goes, if you think that $6 per dollar of silver was ghastly last year read on. I attended the Collectors Roadshow in Abbotsford, B.C.. When I entered the doors, there were three people standing there, one row of seats for 7 people, and another row of about seven people sitting waiting their turn. There were three appraisers and the host would also help appraise. I stood inside the auditorium and heard one appraiser say to a couple that he would pay for $4 for all four silver quarters. I then went outside and another person came outside and I asked him if I heard right, that the couple would get $4 for all four silver quarters. He said that was right. I then was deciding if I should get in line, which was at least 30 minutes or more, or just leave. An appraiser came outside to have a smoke, and I presented a 1966, silver dollar to him which I have graded as MS60 according to the Standard Grading Guide of Charlton/Wiley. He looked at both sides and then said I would get $4 for it. I then left. I did not do anything because as stated earlier, it is legal, but ethically wrong.
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Pillar of the Community
Canada
864 Posts |
Thanks a lot for the headsup Guppie! Very good to know.
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Pillar of the Community
Canada
3692 Posts |
Wouldn't your first clue be that there are no film crews and cameras around?
That's sad that these people were getting such LOW offers and taking them.
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Pillar of the Community
Canada
504 Posts |
The road show people just left Cape Breton as they were at the days in for one week.I decided to go in Sydney with my 1858 large cent full vines. Its a au55 and in a NGC hard holder.I signed up at 6.15 am. and was told to come back at 11.30 am.I still waited for a bit before I got to the tables.A girl waited on me and said when I showed the coin that they only buy graded coins.I said hello! what do you think this is.She did not know much about coins and would only offer 100 bucks for now until she emailed an expert in that field.Well the expert did not get back to her so I left in discust.Totally rip off artists they are.
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Pillar of the Community
Canada
617 Posts |
I can't tell you how many people I have steered away from these crooks. The term "roadshow" seems to be the hook for most people.
Hats off to Gord who stared this topic, thanks to the info provided here I'm sure that fewer folks were scammed than might have been.
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Valued Member
Canada
183 Posts |
Yes the same crooks were in grande prairie alberta canada this spring same old scam artist,seller beware.
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Valued Member
Canada
235 Posts |
Some people just have no conscience.
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Valued Member
Canada
321 Posts |
reminds me of when I had a huge lot of the Quebec/Charlottetown silver dollars ( about 9 or so ) and I went to a flea market with them to perhaps do some trading and I had one coin booth offer to trade me 4 silver dollars for my 9 charllote's ( all 4 he offered me were 1967's...no divers :P ). I kindly rejected and went on to the only other coin guy and when I presented them to him to look at he said "Ah..nickel dollars..I can give you $2 a peice on these"..... nickel dollars...NICKEL DOLLARS! I then proceeded to let him know that all dimes, quarters and dollars from 1967 and back were made of silver and that in 1968 they produced half of them as nickel and half of them as silver...it was at this point he tried to argue with me that he's been dealing in coins for 25 years and he knows a nickel dollar when he sees it...I couldn't believe this guy..it was at this point I took out a magnet I had in my pocket and said to him "did you know that if this is a nickel dollar, the magnet will stick, and if it's silver, it will not" all the while showing that the magnet was not sticking to any of the charlottetown dollars I had....so he has the balls to tell me that I had some fake nickel dollars and he wasn't interested in them...the nerve of some people! I don't take guys like this lightly so I hung around near his booth for awhile and every time a "customer" walked over and he started to bull  them I would step in and tell them the truth about what they actually had..needless to say he didn't get much business after that |
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Rest in Peace
United States
9104 Posts |
Quote:
This is awesome as this means I can actually purchase things online now if I spot something! I am worried about buying online though, so many crooks and cheats it seems, mixed in with so many great sellers ;) You haven't seen ripoffs until you get one of those cards. Run by the same banksters as credit cards, I saw a comparison where they cost at least $50 a year, and can cost into the $1000+ range. Google comparisons and DYODD. |
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Rest in Peace
United States
9104 Posts |
I always get a kick out of people talking about ripoff coin dealers, gold buyers, etc. One poster thought it unfair that a dealer wanted to make 16% on a $1000 coin, when he knows a dealer who makes 5-8%. This thread has complaints about $6 offers on $10 coins.
Reality check:
The typical store buys what it wants, when it wants it, doubles its money, and can take up to 90 days to pay for it.
A Realtor makes 6-10% on an average transaction of over $100,000, and takes no personal risk. Building burned down? Sorry to hear it, please keep us in mind for your future real estate needs. If there are armed robberies of Realtors, I haven't heard of them.
Ripoff hotel buyers. This is the easiest. Rent the room across the hall, and put a "Last Chance Coin Buyers" sign on it.
I know dealers who have tried buying at hotels and paying fair prices. The numbers aren't there. That newspaper ad can cost hundreds or even thousands of dollars. $100-200 per day per employee, plus insurance and/or armed officers, the hotel room cost (no cheap hotels, please), $75 for a big pot of kaughy. Let's say two grand, before you open the door.
How do you cover that? Buying $10 dollars for $6. Even so, you need to buy 500 of them to break even.
Why can these guys buy stuff for 20-50% of what it's worth, when there are a dozen coin shops within a few miles? Go back to bad business on the part of the local dealers. We used to advertise in every yellow pages within 50 miles.
Dealers operating on less than 10% rarely advertise to the generally pubic--they can't afford it. Some out-of-towner takes out a $1000 ad, and that's the only coin dealer most people have ever heard of.
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Pillar of the Community
Canada
3692 Posts |
imohotep: Next time bring in a bag of nickel dollars so you can get $2 each! Exploit his ignorance only if well deserved.
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Replies: 59 / Views: 13,497 |
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Posted 01/03/2011 01:40 am
