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 Replies: 59 / Views: 6,120 |
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Pillar of the Community
United States
3670 Posts |
Yes Rasta the member who wrote that was EdB, and he is a heck of a guy, one of the best I have ever encountered on the computer BAR NONE and TBK myself, you and all of us can and do learn much from him as others here. And I could say the same for TBK and you as well....
And with an old woman with zero internet that is s different situation, and I figure TBK would give her a similar fair offer for NICE Morgans, something he would want much more then scratched up, not taken care of eagles. Apples an oranges again....
Edited by Silverhawk74
02/11/2012 08:11 am
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Pillar of the Community
1283 Posts |
Wow, I created quite the little up roar. Firstly, I treat people fairly but I must be able to make a profit to do a deal. It's not about robbing someone, it's about both parties coming to a mutually beneficial agreement. As hawk said try to take some junk ASE's to a pawn shop and see what they offer you. I bet it is not more then I said I would offer. I give my regular supplier $1 under for eagles and around 85% of spot on 90% coinage. Am I robing him? I am a cash buyer, If someone doesn't like my offer they have the right to say no. If an old lady comes in to sell me 100 Morgans for $1000 I'm gonna give her $2k not the $2,600 they are worth. I am in this for money nothing else. Second, get off your GD soapbox. You don't even know me. I treat people very fairly as many here can attribute too.. If you don't like my comments block me and you will never have to read them again. And finally, LOL are you really worried about my watch? Believe it or not I made enough money to buy that watch with my PM speculations so quit hating on me. I know I have made a mistake flaunting items on here but I get bored and it sounds like the right idea at the time, for that I apologize. MODS please forgive my tie raid Thanks again for the kind words Kevin you are a truly great person. |
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Pillar of the Community
United States
667 Posts |
Corn is a necessary, silver is only a superfluity.
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Pillar of the Community
Australia
7096 Posts |
Crikey what a lot of HO Ha over a few bashed and smashed Morgans, whatever the seller is offered doesn't mean he has to except it. Throwbackid decided that $20 was a good starting point to negotiate from and I agree with his judgment, The seller would have done a lot worse at his local pawn shop than that. One of my late fathers favorite sayings was; If you don't have anything nice to say to someone, Don't say anything  |
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Pillar of the Community
United States
1150 Posts |
The spot price is set by what others are willing to pay at that moment. If we all went out and paid less per ounce then possibly the price would come down and we could all buy more!
Who is with me?!
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Pillar of the Community
Canada
1502 Posts |
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If you don't have anything nice to say to someone,Don't say anything saying "i'll give you $20/oz for your silver" isn't exactly a nice thing to say either though... Offering spot for a beat up piece of 999 silver, from one collector/stacker/hoarder/investor to another, sounds fair. Coins command a premium for their finish/collectiblility. Once beat up, they're just silver, and just silver is worth spot. Keep in mind that dealers do buy in at whole-sale prices but the wholesalers themselves are making a buck. Offering anything lower than a buck or two under spot when buying from individuals don't sit well with me either. Then again I don't make a living selling PMs, so |
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Pillar of the Community
United States
667 Posts |
The first mistake most people make when selling silver is not knowing where to sell it. The worst place to sell it is a retail outlet, the next is anyone not wanting to pay spot. I don't sell to retail outlets such as coin stores, pawn shops and similar places. The main reason is they have to resell and they have overhead to cover to make a profit. There is nothing wrong with this but as a speculator it is not my best option to maximize my profit. I don't sell to individuals even with hard cash looking for a bargain because just like this person I want to make a profit and selling to this person means he is the only one that wins. I don't need to add to his collection of cars and other toys Silver is worth the spot price not matter how it looks, it can be a bent ASE or a BU ASE. Now granted some people are willing to pay a premium over spot for a better condition ASE. So if you are looking to sell to an individual and he is offering far below spot run as fast you can. There will always be people just looking for money and would be happy with this but as a speculator I am not. So where do you sell? That is a good question and it all depends. If you have a bulk amount then you can get far better deals with major bullion dealers, in fact even on smaller amounts they do better than the guy looking to pay far below spot with hard cash. Another good source is just like when you sell a used car look for the individual. There are a ton of buyers looking to buy at spot since most other sources will sell at a premium. What I find strange is people put a ton of work into the buying and market side but no work into the liquidation of their PM's. There are just to many people looking to make a quick buck and will tell you anything to make you happy when they pay you far less then the true value of your silver. I will be fair and say most retail store will pay you what they can considering their over head. Individuals with hard cash to me are like the carpetbagger. They know what they are doing and if you like the deal then selling to them is fine but in most cases you will NEVER make out on the deal. Now some people need fast cash and this may appear like the best option but often it is not. Thirty years has taught me a lot in the bullion market and the liquidation price of your bullion is as important as the purchase price of your bullion. |
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Pillar of the Community
United States
4008 Posts |
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Jesus also told the mob he or she who is without sin, step up and toss that first stone. Yes, he did. The very next word out of his mouth was probably, "MOM!", as she was tossing that first rock.  Quote:
Yes Rasta the member who wrote that was EdB, and he is a heck of a guy, one of the best I have ever encountered on the computer BAR NONE... Oh, Hawk, you are gonna make me blush! Now I have GOT to bust my rear to live up to that!  Quote:
To the people of CCF, I'm sorry you had to witness such bad behavior. No problem, Rastatodd. We all let slip a word here and there from time to time that we wish we hadn't. We're all just humans, after all. What is great about your comment, though, is that you can overcome things that maybe didn't come out the way you intended. Kudos for that. As to the original question... Hmmm... what to offer? A lot would depend on exactly how beat up those coins were. If they were not too bad, I would probably offer $1-2 below spot. If bad, $3-4 below spot. Not trying to be unfair here but as someone else already pointed out, buying these with no fuss for the seller should be worth a couple of bucks in saved effort and would still be more than a lot of places would pay. That would be my initial offer. If that was not accepted then we could dicker a bit. Maybe I would offer to throw in something of a non-PM nature as a sweetener. As others have said, it is a competitive market out there and something is only worth what you can get for it. Of course, most of us know what the spot PM prices are most of the time or can look it up pretty fast if we need the exact number. Those who are not into PMs probably don't know the price or where to find it so could be ripped off by someone willing to do that. We need to be careful of that as a reputation that takes years to create can be destroyed in a moment. |
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Valued Member
United States
487 Posts |
Thank you Ed_B, for the kind words. For me to single out an individual in the way I did was needless to say WRONG. This individual says to block his comments, I will. I believe we have a responsibly as individuals building our holding in precious metals, doing so in a proper and ethical way. As I see it. By not seizing opportunity by the cost of someones who in all things, is naive in the practices of these metals we all convent. This is the last I will post of this issue. This person is, in all intensive purposes. Is turning the page in this chapter of his time here on CCF. And taking a lesson from it.
Edited by rastatodd
02/12/2012 8:45 pm
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Pillar of the Community
1283 Posts |
XXXXXX
Edited by throwbackid
02/12/2012 9:20 pm
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Pillar of the Community
United States
3670 Posts |
Too be totally honest with you Rasta, I took a cheap shot at you with that first comment of saying...."I never see you post unless you have something negative to say", and that was wrong as that watch comment got under my skin. And again my mind is so riddled with crazy info, I often get posters confused, so I can honestly say that was inaccurate of me too say, and not fair at all and I apologize. I got upset, as TBK has helped me out of a couple of situations, that I consider life changing levels and good deals that was good for us both, as has PoboxW as well, and I consider them both good friends even though I have never met neither....
We our indeed all human and all make foolish mistakes, I would be the first to step up an call myself out for that all to often. I am so hard on myself to achieve excellence, that I forced myself into retirement from Ice hockey goal-tending, a game I have played an loved for over 17 years. Simply because I went on my longest losing streak ever, 11 games an never snapped it before the season ended. To punish myself for my failure I sold all my gear and forced myself to retire. I could not accept getting older an slower at close to 38, so I simply walked away for ever, as I put way too high a price on victory, which is just a silly in the end. Like my dad always said..."Kid, how much have you made playing hockey, and how much have you spent to play.", lol. All too true in the end....
Being able to see ones flaws from the outside as I feel I do in most cases, like I never shut up and always disclose WAAY to much info. Well, I know that and now I can work on it, even though I doubt I will ever really shut up, lol....
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Pillar of the Community
United States
4008 Posts |
An excellent plan, all... incident forgotten and moving on. |
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Valued Member
United States
362 Posts |
2$ under spot...
I prefer my coins to be nice and shiny... but I am not that picky. But I am not gonna give someone spot for a crappy coin when I could get just as much silver in better (even if only slightly better) condition
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Pillar of the Community
 United States
931 Posts |
It's settled. I gave him spot price the day I received them. I took a little toothpaste and hot water, and gave them a gentle cleaning. They look very nice, although they would not be something that I would have graded. I feel good about being honest to a co-worker of my wife. They are happily resting in my safe surrounded by good karma.
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Pillar of the Community
United States
4008 Posts |
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Replies: 59 / Views: 6,120 |
First Page
Posted 02/11/2012 01:16 am
