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Bullion Dealer Tried Funny Move

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Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/27/2011  6:15 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
The dealer told him that it would be a bad move.


A bad move for the salesman's commission.

21 Morgans always have been a drug on the market, and $2.50 gold isn't much better.


Quote:
I withheld the name of the bad bullion dealer, but I want to let the word out, so let me know if it is OK.


As long as complaints are factual and fair, post away. Cockroaches hide from the light.
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Ed_B's Avatar
United States
4008 Posts
 Posted 05/27/2011  6:50 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Oh, that explains all of my childhood pictures with a porkchop around my neck.

Huh. - Mitch

Lol, Mitch! Funny... but somehow, I don't think that you had that problem.


Quote:
As long as complaints are factual and fair, post away. Cockroaches hide from the light. - BiggFredd

Yep. Most modern legal systems recognize the truth as a valid defense against a slander suit. Of course, PROVING what is or is not true can be difficult.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 05/27/2011  9:37 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
Yeah, that is a good one. Unless that coin us uncirculated, it is likely to be 90% minus any that has rubbed off in use.


Really? So if a Mercury is worn to AG, what is the silver %?

Hint: solid silver coins have the same purity silver on the inside as on the outside. That's why they're called solid.
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amida17's Avatar
United States
4897 Posts
 Posted 05/27/2011  9:43 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Ok...so the % is the same. But the weight is not.
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biggfredd's Avatar
United States
9104 Posts
 Posted 05/27/2011  10:31 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Very good. Keep learning, and when you are an old phart, you'll have smart brains.
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amida17's Avatar
United States
4897 Posts
 Posted 05/27/2011  10:36 pm  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
...I think we all knew what he meant. Always learning but already old...and smart!
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biggfredd's Avatar
United States
9104 Posts
 Posted 05/27/2011  11:21 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I don't see them at the moment, but Monex is also a sponsor. Their "no dealers" policy is a clue. There are numerous stories of "collectors" who are convinced to "churn" their PM investments, often losing huge sums.
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Ed_B's Avatar
United States
4008 Posts
 Posted 05/28/2011  8:06 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Hint: solid silver coins have the same purity silver on the inside as on the outside. That's why they're called solid.

Yeah, no kidding. My comment was directed at the WEIGHT of the coin, which decreases with wear, and not the purity of what remains.

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