| Author |
Replies: 53 / Views: 16,190 |
|
|
|
Pillar of the Community
1844 Posts |
Just wanted to add when I spoke to 1 of the older guys who was employed by these people he openly admitted that the bosses had coin stores in GTA and Hamilton , and were looking to get the stuff for as cheap as they could to the point of saying unless slabbed by well known companies they would only pay half of G 4 value...so much for being expert graders and fair business ethics...
|
|
Pillar of the Community
Canada
2301 Posts |
Wade your comments are very annoying to me. They use false advertising and target the unknowing. Typically seniors! You have missed the point entirely! It is not coin collectors they are stealing from with misleading adds and blatant lies! If it were, then I could care less. I appraise coins for seniors for FREE and will not buy from them but I arrange for certain TRUSTING dealers to make offers and the (now educated)seniors make their own decisions armed with the appraisal. I am shaking my head in disbelief........
|
|
Pillar of the Community
Canada
5324 Posts |
nickelsguys points are right on, the most important fact is their ads which promises fair and honest value for the items instead they are almost stealing.
|
|
Bedrock of the Community
United States
10038 Posts |
secoindchance said: Quote: Back in the old days, they'd call people like this "shysters" and as soon as people caught on, they'd be run out of town. I immediately thought of the musical, "The Music Man." How true your words. This is an all time classic where the shyster was seen to have bettered himself by giving up his racket. And how much better a world it was for all of us when this was the overall attitude.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Edited by Earle42 10/26/2012 11:24 am
|
|
Pillar of the Community
Canada
1581 Posts |
Quote:
did you rent the space and buy a business license?
if not its called leaching, and its in as poor taste as what they are doing.
If the originators were being honest, I would agree with you 100%. But, saying that a business has absolute rights to unethical behaviour because they are paying the tab, is plain wrong thinking. And if the police refuse to act, what can be done?
|
|
Valued Member
Canada
55 Posts |
I know this thread is a bit old now, but I want to thank everyone for posting their info here. These guys are coming to my town and I had considered taking in a couple coins for them to look at but after reading this I know now to steer clear.
Thanks for saving me from a big mistake.
|
|
Pillar of the Community
1844 Posts |
The same exact nonsense I received.. I am banned from 3 places here because I done the same thing... I even had certified coins and when showed they told me all they could offer was G4 value from an old Charlton guide .. So I took out the up to date CCN.. Nope not good and I was told to leave with same threat..
Goes to show They are and always be rip offs.....However There is 1 group that are 100 straight up . The guy seen my stuff and told me Sorry man no way can we pay those prices.we buy for the weight.. and I watched them send away many sellers...They even sent some to my place because the guy asked for my number... I will find their card...
|
|
Valued Member
Canada
279 Posts |
|
|
Valued Member
Canada
173 Posts |
They are buyers not collectors. Businesses are based on providing a service, in this case: allowing people not into collecting numismatics a place to sell for more than face value.
|
|
Valued Member
Canada
263 Posts |
I buy "junk" silver all the time at 16x 18x face depending on where the market is. Next time these thugs come to My town, I will gladly "leach" off of them. Offering someone 4x what they would get from those crooks is a win/win for everyone.
*PAYING 18X FACE VALUE!*
I will make sure to be on public property but within eyes reach of everyone who goes in. See how they like that.
|
|
Pillar of the Community
1844 Posts |
@ youngloonie... You are so wrong... The people they buy for are in fact big Collectors..Dont think that if they scor an 1890h half in EF that its going on ebay..IT will go in either their personal collection or to one of the many Coin Stores they operate
|
|
Pillar of the Community
Canada
3692 Posts |
You don't have the "right" to commit fraud on people just because they have a legitimate business licence. That would be a licence to commit fraud. And since the RCMP basically turns their heads, it basically IS.
Having a market where the buyers' service is to buy from the public is OK. It is not OK when this business is being unethical and undercutting every legitimate business from doing the same and thus bringing prices DOWN for everyone. This is the very definition of being unethical. If you don't get it, what can I say, you can't fix stupid.
This information on these predators MUST go public. Ignorance is not an excuse, just because you "know more". The practice should be that a dealer should make an offer and back it up with experience, knowledge, and reputation, and if the seller doesn't like it they can go to their competitor who will tell them the exact same thing. It's illegal in Canada to fix prices in an industry, and it's unethical to undercut everybody else and destroy said industry.
|
|
New Member
Canada
9 Posts |
First of all,thanks for this site!
I had no idea it even existed until now.
I was attempting to find info about the Canadian Coin Association when I ran across this thread through google.
I figured they were scam artists as they ran an add in our local paper that made some red flag's go up.
Last time I went in to see them,they were under the "Great Canadian Road Show".
I took in some nice coins that I knew were worth a few bucks(hundred's),They were kind enough to offer me silver spot. I just shook my head and left.
I couldn't believe the older people who were literally giving away their item's.
I am in the process of attempting to warn people of the underhanded tactic's used by these people to literally steal their stuff.
Again,thanks for this site,it has already come in usefull and I didn't even know it existed.
Hopefully I can contribute in a positive way..
|
|
New Member
Canada
9 Posts |
Just got back from attempting to get my $1500 minimum pay-out for a solid 1 ounce .9999 gold coin. I knew they were liars but didn't realize the extent they would go. I was offered far less than the add advertises. They came up with excuses like,well gold has dropped since the flyer came out. Gold has dropped,but it was still less than their advertised pay-out. When I called the woman out on their scam targeting elder's and people with no knowledge of their valuable's,the woman claimed they were a top rated business with the better business bureau. Lol. I told her they were not even registered at the BBB and they have no rating. here; http://www.bbb.org/kitchener/busine...o-on-1291943She then told me to "GET OUT"! Lol. I told her they were nothing but Gypsy's who scam people out of their precious metal's and then blow town before people catch on. I talked to someone else that had a few 67 Canada goose silver dollar's they were attempting to sell,he told me the Canadian Coin Association told him that he may as well just spend them. LOL!
|
|
Pillar of the Community
United States
629 Posts |
Of course I see this type of ad in the Chicago Tribune all the time, 2 page ads of what they say they will pay. As a collector I know better than to sell my things there. But I do know of an older gentleman in our coin club that did sell his coins there. He just got fed up with things and decided to get rid of what he had. Full rolls of circulated wheat cents got him 51 cents each roll. I asked him why and he just didn't trust anyone at the coin club (he had a bad experience) and I don't think he has any family. Which brings to mind, these freak shows that buy this stuff are just in existence to capitalize on people who walk in with something and walk out with a lot more than that had an hour ago. That old thing is worth something! Wow, look what I got. We will never be able to educate these people.
|
| |
Replies: 53 / Views: 16,190 |