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Replies: 80 / Views: 7,287 |
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Pillar of the Community
United States
4008 Posts |
Quote: There's very seldom a legit reason for large cash transactions, and it's safer to carry around a check. Sure, but you know as well as I do that there are shops out there that do not take checks for PMs, unless they know the customer pretty well, but they seem to have no problem paying by check. What's fair for one should be fair for the other. It isn't as if it is all that difficult to verify a check these days... especially when it is written on a local bank. Speaking of which, I went in to a local coin shop a few weeks ago that I hadn't been to before. Even though I had never bought there, they had no problem with selling me half a dozen ASEs and taking a check for them. That was convenient and their prices weren't too bad either. I will buy from them again.
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Rest in Peace
United States
9104 Posts |
Quote: Sure, but you know as well as I do that there are shops out there that do not take checks for PMs, unless they know the customer pretty well, but they seem to have no problem paying by check. What's fair for one should be fair for the other. No comparison. One is a total stranger wanting to provide a piece of paper for perhaps $2000 worth of silver he can liquidate for $1800; the other is a known businessman who may have been around for decades, has a known storefront, has visible assets in the form of inventory, may belong to various organizations like BBB or ANA, may have a D&B rating, etc. A fair comparison would be an unknown out-of-state dealer in a hotel room or at a flea market. It wouldn't be unreasonable to ask him to pay cash.
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Pillar of the Community
United States
4897 Posts |
 Fredd is absolutely right. To the point that it is getting anoying how often I agree with him.... 
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Pillar of the Community
United States
667 Posts |
One of my favorite places to buy a few silver coins will not take a check for over $50. So I end up using my debit card. However when I sold to him I asked for cash and I received cash though he wanted to pay me by check.
Because of the large amount of money involved when I sell the normal is a check. I understand that and really have no problem with it.
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Pillar of the Community
United States
4008 Posts |
Quote:No comparison. One is a total stranger wanting to provide a piece of paper for perhaps $2000 worth of silver he can liquidate for $1800; the other is a known businessman who may have been around for decades, has a known storefront, has visible assets in the form of inventory, may belong to various organizations like BBB or ANA, may have a D&B rating, etc. The comparison lies in the fact that dishonesty is NOT limited to customers and the "I pay with a check while you pay cash" indicates that it is.
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Valued Member
United States
410 Posts |
Quote: The comparison lies in the fact that dishonesty is NOT limited to customers I agree completely. One of my pet peeves is gas stations that require pre-payment but don't have pay-at-the-pump. They assume that I am a criminal and will pump gas then drive off. However, they expect me to trust that they won't write down my credit card number, expiration date, and CCID code while I'm outside pumping gas.
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Pillar of the Community
 United States
3670 Posts |
Gotta be able to see it from both angles, as I always say mostly around the restaurant industry...."Don't presume you know what it is like to be me, until you have taken the time to have walked at least one mile in my shoes...."
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Rest in Peace
United States
9104 Posts |
Quote: The comparison lies in the fact that dishonesty is NOT limited to customers and the "I pay with a check while you pay cash" indicates that it is. Checks provide records for a business. How long do you think a coin dealer would stay in business after writing a few bad chex?
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Pillar of the Community
Canada
1502 Posts |
I agree with bigfredd. Dishonesty is definitely NOT limited to customers but customers are mobile, relatively anonymous, potentially a one-off, and requires no record keeping. This while stores have a fixed address, issue receipts, won't disappear after one transaction, and need to keep their books straight. Store have a lot more to lose with a bad check than a casual buyer
JSH's comparison lumps in distrust for minimum wage highschool/college students and the gas pump store owners. But ya, makes no sense that pay-at-the-pump is not installed.
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Pillar of the Community
 United States
3670 Posts |
Checks smecks, you guys would debate over whether or not the sky is blue, lol....
Back on subject, we got some nice shinny 2012 Eagles in, and to compare them to an old 10 or 15 year old example, with slight yellow toning forming, well it is like comparing a 1978 decked out Pacer with a 2012 Ferrari....
That reminds me of some beer swilling, drug abusing, cowboy hat wearing, Oklahoma guys I grew up with. As they always told this story of a 1977 Mustang II, in which they would take out to the dirt track, empty out every drop of oil and red line that poor old pony around the track! Jumping ramps etc., in full attempt to blow up the engine, and yet it would not ever blow up, lol....
No point there obviously concerning new pm product, jsut strikes me as funny, lol....
Edited by Silverhawk74 01/26/2012 10:47 am
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Pillar of the Community
United States
4008 Posts |
Quote: How long do you think a coin dealer would stay in business after writing a few bad chex? Depends on the dealer. Lots of fly by nighters out there who are the equivalent of the pump and dump stock boys. Legit businesses would never do this and they are not the point of this conversation.
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Valued Member
United States
100 Posts |
Would be cool working in a coin ship but I'd go broke quickly. Probably hurt myself this evening and I don't even work there. Went into a new coin store and asked if they had any common date 90% silver (everything in their display cases was carded, sleaved, graded, etc..). I don't know about your shop silverhawk but most of the ones I go into have a "bag" of junk silver that you can sort thru. Not this one. I ask about the 90% and they ask what are you interested in? Dimes, quarters, halves, dollars? I'm like WTH, lets start with Dollars...Morgans or Peace? they ask. Ok, Morgans I tell them. They walk to a shelf unit behind the counter that is filled with BINS. I ended up going through a bin for Morgans, one for Peace dollars, one for halves and one for quarters. This little store had more 90% silver then every other shop I've been to combined x 10. To top it off they are about the cheapest too (were 24x FV today whereas most shops around me are 25-26x). Then they knocked a little more off the total to boot - even took a check. Hell, the Washington quarters and Kennedy halves I picked out are BU quality even. I think I found a new favorite store. The other thing I liked about this store that no othr one I've been in yet has, they update a whiteboard in the lobby that shows their buy and sell prices for all coin types. Earl
Edited by EarlB 01/26/2012 11:23 pm
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Pillar of the Community
 United States
3670 Posts |
That's great to hear Earl, glad you found a home-run of a shop there on selection.... We have a box of a couple hundred old Mercury dimes, like 1941-45 an some late 20's, and they are not special or anything, but this kid came in today who sold us a couple more 1/10 Krugerrand and four Panda's, and his little brother wanted to buy a couple of Mercury dimes. Anyhow he is a solid regular, and brings us solid high quality coins, so no big deal at all to let him have a good deal on a couple old Merc dimes. I think we sell them for like three bucks each, and it takes 13 to make an oz. if memory serves me right, so that would be 39 bucks at 3 bucks each, so that sounds about right....
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Pillar of the Community
 United States
3670 Posts |
We have a nice selection of basic junk rounds. The ASE selection is solid. Some proofs an burnished, plus 39 new 2012 ASE, as we had 40 an sold one already.... Nice gold selection right now, in four 1/10 AGE gold proofs, and like 9 or 10 more half oz. proofs.... Those 4 nice St. Gaudens like 1924-27, or that is two anyway of the four we have in house.Real solid shape, suggested grade of ms 65 on back of case they are sealed in.... Couple plastic tubes of nice 1922-23 Peace dollars and I would love to buy them all.... Five or six nice spread out layouts of Peace dollars, Morgans, old nickels dimes quarters, large penny's, half penny's 3 cent pieces, all in the civil war era or shortly there after coinage.... Many different basic year proof sets, all not worth much minus the ones with 90% silver, via pre 64 or a modern day set, where they use silver in some cases.... Lastly we have four real nice 90% silver dollars I would like to buy, the main one being the Wright brother's double decker glider plane that is proof like amazing piece.... Lastly, the young gentlemen that sold us the silver panda's and Krugerrand's had another silver coin via one troy oz. but oddly enough .925 Sterling Liberia coin with Saladin on the front. Pretty rare, could not find on ebay, and I found an exact example via google search, where it listed with the fore mentioned stats. He decided to keep, but man I wanted to make him an offer on it.... http://www.pandaamerica.com/details...rp=1&categ=1If you don't know who he was, watch Kingdom of heaven. Perhaps one of the best military minds to have ever lived.... In the end of the movie I mentioned, Orlando Bloom walks out to hand Jerusalem over to Saladin and in return he allows them to march out of the city with their weapons and supply's. And Bloom's character asks Saladin what is this Jerusalem essentially? And he laughs an starts to walk away and he turns and says...."It's nothing.", and he continues on, then he turns back an says..."Its everything!" I know that's off subject, but it is just interesting history that surrounds that coin, and thought you all would be interested to hear about some of the less known under the radar items I have encountered thus far....
Edited by Silverhawk74 01/27/2012 12:22 am
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Valued Member
United States
100 Posts |
Interesting report there SilverHawk. Now you got me to have to go google something. If I remember right Liberia was founded by former slaves so technically is probably a Christian country so why on earth would Saladin be on their coin? Gotta go check that one out :)
Ok, apparently the answer would need alot more study than I care to commit to it. Libera is 85% Christian, only 12% Muslim. That coin was minted by the Franklin Mint. They also apparently have Julius Ceasar on some of their coins. I'm not even going to try and make sense of this :)
Earl
Edited by EarlB 01/27/2012 12:50 am
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Replies: 80 / Views: 7,287 |