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One Less Coin Dealer In Downtown Winnipeg...

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WpgLwr's Avatar
Canada
1082 Posts
 Posted 07/06/2009  2:10 pm Show Profile   Bookmark this topic Add WpgLwr to your friends list Get a Link to this Message Number of Subscribers
I just noticed over the weekend that Four Corners Coins in downtown Winnipeg seems to have gone belly up -- the place is empty and the windows are papered over.

It's hardly surprising -- the guy didn't seem to know what he was doing at all. His place was totally disorganized, with piles of stock everywhere behind the counter.

One of the things he teneded to excel at was foreign currency -- he had piles and piles of it, but usually it wasn't sorted by country, nor was it ever priced. He wanted to look up every price in the catalogue as it was bought, something that would ensure that even the smallest transaction would take three or four times it should have.

One time I called him with a mint roll of key-date quarters I wanted to sell. He gave me a reasonable price over the phone, and I told him I would be right over. An hour later, and I'm there putting the roll on his counter. He seemed not to remember the phone call, then he's looking at both ends of the roll, then he goes to tear the plastic wrap off it, while he's quoting me a new price that is 2/3's of what he mentioned on the phone. When he realized I wasn't going to bite, he sets the roll down and says he's not interested.

The most unforgiveable sin, though, was his habit of "throwing the bull", exaggerating things. One time I heard him tell a female customer that the Dutch 1 Guilder coins she was looking at were "rare, since they've changed to the Euro now", and that they were well worth their $2 each price tag. Another time, he was telling a customer that he didn't price his notes, because "the value is always changing".

One less dealer in downtown Winnipeg?

In this case, not a bad thing.
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chequer's Avatar
Canada
4227 Posts
 Posted 07/06/2009  2:19 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
We had a dealer like that here years ago ... glad he's gone too
Pillar of the Community
Canada
1248 Posts
 Posted 07/06/2009  11:20 pm  Show Profile   Bookmark this reply Add hhbkiddo to your friends list Get a Link to this Reply
Ohhh,
there is a dealer in Nanaimo.....
I watched him pay an elderly lady $ 3 each for a handfull of silver dollars... one of them he gave her $10 because it was a 1947.
What can one do? say something? I am in his store... I say nothing...
when someone buys something from him, it is ALWAYS cash ONLY...seen it a few times now.
the receipts he issues have no Company name, no tax number, nothing to identify him by...HOWEVER, he charges GST and PST.....
just wonder what happens to these taxes.....?
First time I was there I was seriously interested to buy a Canadian gold coin.
after we agreed on price he made sure to casually mention that it is a cash price only.
i asked him : no credit cards? he had a verbal fit..trying to tell me how expensive CC are...
I simply said I did not have 1200 $ in cash 8in my wallet.. so the deal is off. then he lowered the price by 50 so I would go to a ATM... NOT...
just buying 2x2s now because of his convenient location.
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WpgLwr's Avatar
Canada
1082 Posts
 Posted 07/06/2009  11:46 pm  Show Profile   Bookmark this reply Add WpgLwr to your friends list Get a Link to this Reply
Actually, it would seem to me that any kind of a collectables business would be an easy way to hide money from the tax man, not to mention it would be an easy way to launder money.

The taxation people have very few people who are collictables-savvy. You could totally undervalue your inventory and they wouldn't know the difference; I mean, to the average person, a nickel is only worth a nickel, right?
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