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Bullion Dealer Tried Funny Move

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Pillar of the Community
United States
4008 Posts
 Posted 05/26/2011  6:23 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list

Quote:
Kinda thought it was a potential scam when I heard the commercial. The guy says "I will send you a 1940's Mercury dime! This dime is 90% plus in silver." HUH! - Amida17

Yeah, that is a good one. Unless that coin us uncirculated, it is likely to be 90% minus any that has rubbed off in use.

Also, the fact that they have to pay people with silver to contact them, tells me everything I need to know... having a flashback of the old joke about the kid who was so ugly, his parents had to tie a pork chop around his neck to get the dog to play with him.
Pillar of the Community
United States
759 Posts
 Posted 05/26/2011  6:29 pm  Show Profile   Bookmark this reply Add OneBowl to your friends list
Plain and simple, higher margins/commissions on the items they pushed. As previously stated bait and switch.
Now this post would be much more valuable if the dealer was named. I'm just sayin...
Valued Member
United States
333 Posts
 Posted 05/26/2011  7:22 pm  Show Profile   Bookmark this reply Add BuffaloBonehead to your friends list
I'm glad that your brother was able to order what he wants from a legitimate company. The bad guys rip too many people off. It's really shameful what some of these jerks do, especially to the elderly.
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United States
931 Posts
 Posted 05/26/2011  7:51 pm  Show Profile   Bookmark this reply Add junior e to your friends list
I know of one company that was giving away FREE Mercury dimes. I think it just may have been Rosland Capital.
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United States
1150 Posts
 Posted 05/27/2011  05:25 am  Show Profile   Bookmark this reply Add mitchhailey to your friends list
Oh, that explains all of my childhood pictures with a porkchop around my neck.

Huh.
Pillar of the Community
United States
651 Posts
 Posted 05/27/2011  2:31 pm  Show Profile   Bookmark this reply Add fcrazo to your friends list
How about visiting a coin show in your area and see the items for your self.
Pillar of the Community
United States
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 Posted 05/27/2011  4:39 pm  Show Profile   Bookmark this reply Add junior e to your friends list
Both of us live in the boonies. There aren't any coin shows closer than 60 miles and I've been looking online and haven't found one yet, but I keep looking.
Rest in Peace
United States
9104 Posts
 Posted 05/27/2011  6:15 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
The dealer told him that it would be a bad move.


A bad move for the salesman's commission.

21 Morgans always have been a drug on the market, and $2.50 gold isn't much better.


Quote:
I withheld the name of the bad bullion dealer, but I want to let the word out, so let me know if it is OK.


As long as complaints are factual and fair, post away. Cockroaches hide from the light.
Pillar of the Community
United States
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 Posted 05/27/2011  6:50 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list

Quote:
Oh, that explains all of my childhood pictures with a porkchop around my neck.

Huh. - Mitch

Lol, Mitch! Funny... but somehow, I don't think that you had that problem.


Quote:
As long as complaints are factual and fair, post away. Cockroaches hide from the light. - BiggFredd

Yep. Most modern legal systems recognize the truth as a valid defense against a slander suit. Of course, PROVING what is or is not true can be difficult.
Rest in Peace
United States
9104 Posts
 Posted 05/27/2011  9:37 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list

Quote:
Yeah, that is a good one. Unless that coin us uncirculated, it is likely to be 90% minus any that has rubbed off in use.


Really? So if a Mercury is worn to AG, what is the silver %?

Hint: solid silver coins have the same purity silver on the inside as on the outside. That's why they're called solid.
Pillar of the Community
United States
4897 Posts
 Posted 05/27/2011  9:43 pm  Show Profile   Bookmark this reply Add amida17 to your friends list
Ok...so the % is the same. But the weight is not.
Rest in Peace
United States
9104 Posts
 Posted 05/27/2011  10:31 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
Very good. Keep learning, and when you are an old phart, you'll have smart brains.
Pillar of the Community
United States
4897 Posts
 Posted 05/27/2011  10:36 pm  Show Profile   Bookmark this reply Add amida17 to your friends list
...I think we all knew what he meant. Always learning but already old...and smart!
Rest in Peace
United States
9104 Posts
 Posted 05/27/2011  11:21 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list
I don't see them at the moment, but Monex is also a sponsor. Their "no dealers" policy is a clue. There are numerous stories of "collectors" who are convinced to "churn" their PM investments, often losing huge sums.
Pillar of the Community
United States
4008 Posts
 Posted 05/28/2011  8:06 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list

Quote:
Hint: solid silver coins have the same purity silver on the inside as on the outside. That's why they're called solid.

Yeah, no kidding. My comment was directed at the WEIGHT of the coin, which decreases with wear, and not the purity of what remains.

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