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 Replies: 54 / Views: 5,391 |
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New Member
United States
40 Posts |
Just got back from a yard sale, told the woman that I liked old coins. She goes in her house, and comes back out with 75 silver dollars, mostly morgans, and an entire set of peace, except the 28. I offered $425 for them and got them.  |
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Valued Member
United States
246 Posts |
wow, what made you offer that number? Man, that's a great deal there.
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No longer with us
United States
207 Posts |
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New Member
 United States
40 Posts |
I first offered $400 and I thought the deal was fixing to fall through, so the $425 clenched it
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Pillar of the Community
United States
2602 Posts |
Awesome deal and welcome to the forum. Make sure you do a write-up in the new members section.
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Valued Member
United States
62 Posts |
Wow! Someone let themselves get hosed big time. I wonder if she didn't know, or just didn't care.
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Pillar of the Community
United States
2254 Posts |
Welcome to the forum bigcartwheels. I agree with everyone in that you got a great deal. My moral side tells me I would have told the lady how much they were actually worth in melt value alone. While I have no doubt that she just wanted to get rid of the things and would never have been into collecting, I just think from a numismatic standpoint I would have tried to help her out and tell her the value. Chances are she may have given them to you anyway at a good price. Regardless, that is just my opinion, and I am in no way trying to be condescending towards your choice. You got a fantastic deal, and maybe one day she will receive some flowers from a secret admirer.  |
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Pillar of the Community
United States
749 Posts |
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Bedrock of the Community
United States
17884 Posts |
And when a dealer lowballs a walk-in like that what do we say about him? After all, half of melt?
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New Member
United States
40 Posts |
to all of those who think I ripped the lady off, she was holding a dealers 2007 blue book, what is a guy to do
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New Member
United States
34 Posts |
You did fine. Anyone who would think that you should have offered full melt price needs their head examined. She got some bucks out of it and you had an excellent day!
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Pillar of the Community
United States
2443 Posts |
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Valued Member
United States
243 Posts |
Well she could of turned it down, maybe she needed money. Anyway "Turn about's fair play."
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New Member
United States
3 Posts |
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Pillar of the Community
United States
2254 Posts |
quote:
Anyone who would think that you should have offered full melt price needs their head examined
I resemble that remark.  I'm not saying I would have paid full melt value. I'm saying I would have informed them of the value. It's all situational. If this person had a price guide and actually looked up the value for the coins and still offered them for that price, so be it. If the buyer made a count of 75 dollars and a whole peace set and just did quick math of $10 melt value for $100 face and offered less than half, then that's something I personally wouldn't have done. It's no biggy either way, I'm just giving my opinion. No head examination needed here. While I am in no way going to let this spiral into a heated debate about morality, I was merely stating what I would have done in that situation. Some may be different, and there is absolutely nothing wrong with that. In a way, it's no different than the people you see on the antiques roadshow that bring in paintings from yard sales and find out they are worth thousands. My point is, do you think the person working at the roadshow that is giving the info of value would have paid or cherrypicked the same piece, since they are knowledgeable about it and know it's true worth? Regardless, I think it's a great deal, and while I don't condone the action, I have no ill will towards anyone making money. |
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Bedrock of the Community
United States
20753 Posts |
This is why I always stress that at garage/yard/estate sales you have to ask. Many times I have asked about old coins or an old jar of coins and they will have them in the house. Not out on display since they vanish that way. You have to ask. As to the morality of the offer. I too say that if the person has any price guide they basically know what they are doing. Also, they just may not want to get involved with a long time method of disposal of the coins so one fair offer, poof, they are sold. If that person attempted to sell them on ebay, or at a coin shop if available, it may take a long, long time. As long as they know what the coins are basically worth and still willing to part with them, so be it. Some years back at a garage sale I asked about any old coins. The lady produced a jar of about $35 in cents (pennies). I told her they may be worth some money since the bottom was full of Indian cents. She shrugged her shoulders and accepted a $50 offer. They were headed for a bank she said. Better me than a banks counting machine. I've been saying this for a long time, you have to ask. |
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Replies: 54 / Views: 5,391 |
Posted 01/15/2008 3:33 pm
Wow! What lovely luck you have!.......Why oh why cant this kinda stuff happen to meeeeee! 
