some idiot on craigslist
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  1. #1
    us
    Nov 2010
    NJ Pine Barrens
    T2 SE
    5,165
    2193 times

    some idiot on craigslist

    Sorry for the rant but I gotta share this so others can beware:

    Long story short, I answer an ad on craigslist. Guy is buying Silver Dollars (Morgan or Peace) for $25 each for his kids. There are NO stipulations in the ad as to year or condition. He even mentions that his price is $3 over melt value. Sounds good to me to move some of my common dates (3 to be exact).

    I email him and ask what is the minimum condition. He tells me he will pay melt value for the "junk" ones but never defines the term "junk". I email him back, if he wants to buy 3 common dates (one is an O mintmark) for the $25 he had in his ad. All 3 are VF-XF, none cleaned.

    He responds, well silver dipped and he will only pay me melt plus 50 cents per coin. Claims his is the best price around even though I have to drive an hour to meet him. I knew it was too good to be true. Even though you can get comparable prices on ebay for even most fine condition common dates. Watch out for that crap, a "cash for gold" guy in disguise. End rant.
    "Internet quotes are often inaccurate."
    -Abraham Lincoln

  2. #2
    us
    Mar 2010
    Raleigh, North Carolina
    Radio Shack Discover
    94
    7 times

    Re: some idiot on craigslist

    I've been there and done that. Their all over now a day because the silver and gold prices keep going up.

  3. #3
    us
    Nov 2010
    743
    113 times

    Re: some idiot on craigslist

    Who puts an ad on CL and then expects someone to drive an hour to meet them? That is more ridiculous than him changing the price.

  4. #4
    us
    Aug 2009
    White's MXT
    2,256
    31 times

    Re: some idiot on craigslist

    Quote Originally Posted by jerseyben
    Sorry for the rant but I gotta share this so others can beware:

    Long story short, I answer an ad on craigslist. Guy is buying Silver Dollars (Morgan or Peace) for $25 each for his kids. There are NO stipulations in the ad as to year or condition. He even mentions that his price is $3 over melt value. Sounds good to me to move some of my common dates (3 to be exact).

    I email him and ask what is the minimum condition. He tells me he will pay melt value for the "junk" ones but never defines the term "junk". I email him back, if he wants to buy 3 common dates (one is an O mintmark) for the $25 he had in his ad. All 3 are VF-XF, none cleaned.

    He responds, well silver dipped and he will only pay me melt plus 50 cents per coin. Claims his is the best price around even though I have to drive an hour to meet him. I knew it was too good to be true. Even though you can get comparable prices on ebay for even most fine condition common dates. Watch out for that crap, a "cash for gold" guy in disguise. End rant.
    He says your coins were dipped so he'll pay melt plus 50 cents? Dipping does not devalue any coins since they can be re-toned. Often if it's too good to be true, chances are they're not. I had a dealer low ball me once too. He quoted a price over the phone and when I showed up 2 hours later, he lowered his bid price. Although, getting 50 cents over spot is good for some average circulated Morgans.

  5. #5
    Charter Member
    us
    Feb 2008
    Great Lakes State
    dirtfishing
    11,208
    3268 times
    silver surfing
    Honorable Mentions (1)

    Re: some idiot on craigslist

    Quote Originally Posted by SFBayArea
    Quote Originally Posted by jerseyben
    Sorry for the rant but I gotta share this so others can beware:

    Long story short, I answer an ad on craigslist. Guy is buying Silver Dollars (Morgan or Peace) for $25 each for his kids. There are NO stipulations in the ad as to year or condition. He even mentions that his price is $3 over melt value. Sounds good to me to move some of my common dates (3 to be exact).

    I email him and ask what is the minimum condition. He tells me he will pay melt value for the "junk" ones but never defines the term "junk". I email him back, if he wants to buy 3 common dates (one is an O mintmark) for the $25 he had in his ad. All 3 are VF-XF, none cleaned.

    He responds, well silver dipped and he will only pay me melt plus 50 cents per coin. Claims his is the best price around even though I have to drive an hour to meet him. I knew it was too good to be true. Even though you can get comparable prices on ebay for even most fine condition common dates. Watch out for that crap, a "cash for gold" guy in disguise. End rant.
    He says your coins were dipped so he'll pay melt plus 50 cents? Dipping does not devalue any coins since they can be re-toned. Often if it's too good to be true, chances are they're not. I had a dealer low ball me once too. He quoted a price over the phone and when I showed up 2 hours later, he lowered his bid price. Although, getting 50 cents over spot is good for some average circulated Morgans.
    Did he mean the price of silver dropped? Dang, at $30 I was ok to pay $25 ea. on Morgans/Peace.

  6. #6
    um
    Jan 2010
    Fisher F2
    907
    2 times

    Re: some idiot on craigslist

    Find a dealer you trust and buy and sell there! Only other I trust is the US Mint if you are into collecting.

  7. #7
    On extended Holiday.

    Dec 2008
    10,708
    72 times
    All Types Of Treasure Hunting

    Re: some idiot on craigslist


  8. #8
    us
    Jan 2008
    NorthWest Ohio
    Minelab E-Trac, Equinox 600, and Tesorso compadre
    4,948
    2315 times
    All Types Of Treasure Hunting
    Banner Finds (2)
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    Re: some idiot on craigslist

    I run ads on CL to buy coins all the time I pay under melt.....lol

  9. #9
    us
    Feb 2010
    Dallas,GA
    Garrett Ace 250
    467
    1 times

    Re: some idiot on craigslist

    Nothing wrong with advertising no Craigslist. Hate the bait and switch though.
    2010 Totals
       1964 Ken 185 , 40% Ken 1605, Ben 48, WLH 17, Barber 1
    90% Proof 13, Proof 180, Other/Comm 13 , silver comm 2
         Merc 2, Roos 24, Canadian 1
          War Nickel 6, Silv Wash 7 Grand total 2010 silver keepers= 1911 keepers

  10. #10
    us
    Nov 2010
    NJ Pine Barrens
    T2 SE
    5,165
    2193 times

    Re: some idiot on craigslist

    Quote Originally Posted by Goes4ever
    I run ads on CL to buy coins all the time I pay under melt.....lol
    There are tons of ads on CL advertising to buy coins under melt. I have no problem with this and I'm sure you get lots of business. This guy pulled a "bait and switch" on me. That's what I was ticked off about.
    "Internet quotes are often inaccurate."
    -Abraham Lincoln

 

 

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