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Cbs Reports On Hotel Gold Buyers

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jokingjoker's Avatar
United States
2150 Posts
 Posted 05/30/2012  10:36 pm Show Profile   Bookmark this topic Add jokingjoker to your friends list Get a Link to this Message Number of Subscribers
Have not seen this posted yet if it has I apologize.

<< Video Below >>
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cc99999's Avatar
United States
1302 Posts
 Posted 05/30/2012  11:30 pm  Show Profile   Bookmark this reply Add cc99999 to your friends list Get a Link to this Reply
I will be mentioning them in my next CoinWeek column. I offered them a chance to buy nearly 10,000 dollars worth of PCGS slabbed coins. You'll love to read about my experience.
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United States
3184 Posts
 Posted 05/30/2012  11:42 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
These hotel buyers should be sent to North Korea seriously........
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 05/31/2012  12:56 am  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply

Quote:
I will be mentioning them in my next CoinWeek column. I offered them a chance to buy nearly 10,000 dollars worth of PCGS slabbed coins. You'll love to read about my experience.

I would love to hear about this experience. However I don't have a subscription to CoinWeek.
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BadThad's Avatar
United States
19945 Posts
 Posted 05/31/2012  08:49 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
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jbuck's Avatar
United States
188213 Posts
 Posted 05/31/2012  11:05 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I would love to hear about this experience. However I don't have a subscription to CoinWeek.
These articles are online and he always posts a link to them.

https://goccf.com/t/120472
Valued Member
akane17's Avatar
United States
404 Posts
 Posted 05/31/2012  11:27 am  Show Profile   Bookmark this reply Add akane17 to your friends list Get a Link to this Reply

Quote:
As a result of our investigation, THR says two of its employees are no longer managers, but won't confirm they are no longer buying at road shows.


THR employees please say hello to your 2 newest REGIONAL SUPERVISORS!
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Merc Man's Avatar
United States
561 Posts
 Posted 05/31/2012  11:29 am  Show Profile   Bookmark this reply Add Merc Man to your friends list Get a Link to this Reply


So sad, but probably true!
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basebal21's Avatar
13014 Posts
 Posted 05/31/2012  12:54 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Sadly I'm not surprised at all. The only bright news is that companies like these will be out of business in a decade or two. With the younger generations use of the internet and ebay ect as they age or fall on hard times the vast majority will know they can get more for their pieces selling them online themselves and their customer bases will dry up for these companies that try and rip people off
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mvc's Avatar
United States
138 Posts
 Posted 06/01/2012  1:37 pm  Show Profile   Bookmark this reply Add mvc to your friends list Get a Link to this Reply
I would bet there buyer training program would be real interesting
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nod2003's Avatar
United States
3294 Posts
 Posted 06/01/2012  1:55 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
Wow, people really need to think before they go to these frauds.
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silvercoinrn's Avatar
United States
863 Posts
 Posted 06/01/2012  3:20 pm  Show Profile   Bookmark this reply Add silvercoinrn to your friends list Get a Link to this Reply
I went to them about 2 months ago. it is the whole reason I got into coin collecting. I brought a 1883 s morgan in about AU condition and they offered 10 dollars (silver was 35 an ounce). I saw what everyone else was bringing in and am now upset that I didnt offer to buy other peoples things while I was there. I could have had a lot of nice coins for a very good price.
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 06/01/2012  3:45 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
OK, thanks jbuck I didn't know.
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basebal21's Avatar
13014 Posts
 Posted 06/01/2012  4:33 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:

I went to them about 2 months ago. it is the whole reason I got into coin collecting. I brought a 1883 s morgan in about AU condition and they offered 10 dollars (silver was 35 an ounce). I saw what everyone else was bringing in and am now upset that I didnt offer to buy other peoples things while I was there. I could have had a lot of nice coins for a very good price.


And that is the quickest way to know you are dealing with scumbags and someone you should never do business with. Regardless of what the coin is you should never end up with anything less than 90 percent of spot. A lot of places will pay spot but I say 90 percent minimum just because they do want to make a profit off of what they buy.

Even most pawn shops even if they dont deal in coins at all will offer spot if nothing else
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Namachieli's Avatar
United States
2120 Posts
 Posted 06/01/2012  5:56 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply

Quote:
THR employees please say hello to your 2 newest REGIONAL SUPERVISORS!



Ive heard of this happening in the military. You get an officer that screws up big time, and they get a promotion to a crappier job, with a higher rank.
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Lobby's Avatar
United States
548 Posts
 Posted 06/02/2012  2:45 pm  Show Profile   Bookmark this reply Add Lobby to your friends list Get a Link to this Reply
I'm a scrap gold buyer.

These guys are in my home town right now. I went undercover to the convention center where they're buying yesterday. I took with me over $800 worth of gold jewelry, stuff that if brought to my store, I'd pay well over $600 for.

They offered me $254

I got so angry I grabbed the gold off the scale and yelled at them that I was a gold buyer and they were ripping people off.

As I drove off in my car, they came outside and waved at me, smirking the whole time.

They thought I was angry that they were making more $ than I was. The thought than an honest businessman was expressing outrage at their unethical biz practices just never occurred to them.

Jerks...

They're giving my biz a bad name.
They didn't bother segregating the gold by karat.
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