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 Replies: 34 / Views: 4,925 |
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Pillar of the Community
United States
958 Posts |
if someone buys silver at 18x face thats full spot and the coin is only worth 18x face full spot dont see how they make any money at all. but bout the mikes coins 100neg 200mutal sounds like alot but out of what 8500 customers? thats less then 3% unsatified people in reality 98.5% feedback for a volume seller is very good for ebayBut yes would suck to be one of that 3% In his defense somepeople dont know what BU , AU even means They will win a BU auction and expect to have a ms-67 coin worth $500 for $150 thinking they stole the coin They expect a "uncirculated" quater to have no marks and be ms-67 fresh from a roll when advertised as " uncirculated" when a BU can have quite a few marks from coin contact and blemishes and still be BU quality just not a high MS coin Prob with mikes coins is the mainly the ungraded coins and bulk lots , the auctions " uncirculated silver dollars " that are not graded "circulated coins " not graded " BU coins" that are ungraded the coins that were TGP graded and slabbed dont have any negative feedback excpet shipping times. if you look at his postive feedback |
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Pillar of the Community
United States
667 Posts |
Most of us farmers don't get 15 miles a gallon in our old trucks.  Heck I have been dealing with market prices all of my life on things that impact my daily life, guess what I have made it through large swings in market price from beef cattle to corn to soybeans. Maybe that is why I treat it like a fact of life and not a great deal when the market moves down. I don't know much about Mike's coin shop and the way I figure if a person thinks it is a good deal then everything is great. I took a look at the feed back from the links - I don't think I will deal with the guy. The silver market is no different than the beef market. One day I am getting $1.30 a pound and the next day I am lucky to get .70 a pound. The problem is that my cost to raise the beef is the same. So yes I am familiar with wide swings in the market place in very short amount of time. Guess what diversification is the key to getting though these swings. That is why I say toss any old charts or grafts out the window, they mean nothing. I have been living by the market way to long to be swayed one way or the other by these. The nice thing about PM is that I can hold it when the price goes down, with beef you have to sell it even for a loss, for some reason it just will not sit around for that higher price in the market. Even if you can hold it a little longer the darn things want to eat thus I make even less just holding it. |
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Pillar of the Community
United States
672 Posts |
Anyone who wants to pay spot for silver can hit me up, and his 3.00 for sliver clad I believe is fair.
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Pillar of the Community
 United States
2150 Posts |
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Valued Member
Canada
464 Posts |
mkfarm, I'd be more than happy to trade you silver for beef, but I'm guessing it would be too much of a headache to import it up to Canada :)  I shouldn't have read this post before dinner... |
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Pillar of the Community
United States
667 Posts |
That would be about 3 ASE's per 100 pounds. You have to get it over the boarder though. The crazy thing is that the dealer I do buy some gold and silver from found out I am a beef farmer. We have talked about do just such a trade. Maybe after a couple of hundred more posts I could try this here. By the way they are Herefords. I just went through the additional links posted for Mike. I think I would have to be crazy to order form that guy and we are in the same state. Edited by mkfarm
11/16/2010 8:19 pm
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Pillar of the Community
United States
1840 Posts |
Money talks; I have no problem with him offering those prices. The real question with Mike is whether or not you would ever get paid. Quote:
Thats less then 3% unsatified people in reality 98.5% feedback for a volume seller is very good for ebay I have 500+ buying transactions on ebay and I typically don't do business when sellers who are less than 99.5%. Frankly, anything less than that is a major risk. I do make exceptions if the deal is right though... |
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Pillar of the Community
United States
1256 Posts |
Mike and the great silver info aside, thank you mkfarm.  |
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Pillar of the Community
United States
3283 Posts |
Had dealing with "mike".
Mom always said "if you can say something nice about someone, say nothing at all"
So I will definately say nothing about Mike's coins.
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Rest in Peace
United States
1729 Posts |
Quote:
The problem is that my cost to raise the beef is the same. Well, for a few minutes, until the price of feed goes up again (unless we're talking about grass-fed beef). Has anyone in the last 200 years ever seen the cost of feed go down? Don't think so. |
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Pillar of the Community
United States
511 Posts |
I buy and sell silver on a small scale. Let's just say I pay much better than Mike and still make a satisfactory profit.
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Pillar of the Community
United States
667 Posts |
"Well, for a few minutes, until the price of feed goes up again (unless we're talking about grass-fed beef). Has anyone in the last 200 years ever seen the cost of feed go down? Don't think so."
100% it sure does move up and down. When fuel along with fertilizer is cheap the price goes down. Seed can float some too. So in fact there have been many good years for lower cost of feed.
I don't know many local farms that buy 100% of there feed. So if my planting cost are lower than last year then my cost for feed is lower. Again it depends on the market for fuel, fertilizer, lime, week killers and of course seed.
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Pillar of the Community
United States
757 Posts |
Mike's Coins is delectably trashy.
i read a bunch of the older posts about him that you put up, and actually laughed. I mean, it sucks to deal with someone like that but the utter shamelessness of that guy is really something a bit rare.
i mean come on: messing with you over on rolls of pennies, finally refunding you months later, and THEN having the nerve to send you an advertisement trying to sell you those same pennies again!
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New Member
United States
21 Posts |
As apparently an email that we sent out got to this board again I wanted to clarify a few things. 1. First, we do not do business on ebay and have not done so in 2 years. We send emails to our old mailing list and get paid by several coin dealers to promote their ebay listings. The ebay accounts referenced in this post are not owned by us, but rather probably affiliates of ours through our ad network. Most of the dealers we deal with eventually realize that the cost and trouble of selling on ebay is not worth it and do not sell on ebay anymore, but if anyone on this list is a coin dealer on ebay and wants us to promote your listings, please contact me. 2. As for any issues with taking payments from Paypal, you should know that we are a named contributing member of a class action suit against Paypal for illegally holding over $70,000 of our funds. This is the primary reason we had problems with refunds during a period between August 2008 and February 2009. Our ebay account was not banned due to anything other than not paying the bill, which was impossible as Paypal took our money. This has happened to thousands of other sellers which is why the class action litigation was filed. If anyone is interested in more information also please contact me. 3. As for our core business, we are proud to have a A+ rating currently from the BBB with only 1 complain in the past 36 months. We have many wonderful customers buy direct from us through our website, but never through ebay. |
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Rest in Peace
United States
1729 Posts |
Quote:
"Well, for a few minutes, until the price of feed goes up again (unless we're talking about grass-fed beef). Has anyone in the last 200 years ever seen the cost of feed go down? Don't think so."
100% it sure does move up and down. When fuel along with fertilizer is cheap the price goes down. Seed can float some too. So in fact there have been many good years for lower cost of feed.
I don't know many local farms that buy 100% of there feed. So if my planting cost are lower than last year then my cost for feed is lower. Again it depends on the market for fuel, fertilizer, lime, week killers and of course seed. Thanks for the response, mkfarm. Obviously you're now in a better position to observe what's going on with farmers than I am - considering that I left the farm in 1976 for good. It was always a "grumble" point with farmers when they got together (not easy, considering a farmer's 12-hour + work day) that feed prices always stayed the same even if the markets went down, and when we topped the Kansas City market with our feeder pigs, which we did nearly every time we sent them to market, we could expect the price of feed to move up in response. I'm glad to hear that feed prices have been floating up and down, and I'm delighted to discover that you have a little time to relax with coin collecting these days. Edited by pls
12/02/2010 10:13 am
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Posted 11/16/2010 7:24 pm
