and i picked up this nice piece of Mexican bullion. its .999 pure silver and weighs 1oz.
and i only paid 5.50 for it
and i only paid 5.50 for it
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whitesid said:and i picked up this nice piece of Mexican bullion. its .999 pure silver and weighs 1oz.
and i only paid 5.50 for it
whitesid said:and i picked up this nice piece of Mexican bullion. its .999 pure silver and weighs 1oz.
and i only paid 5.50 for it
scotto said:Good going. Most of the auctions I've been to, the coins sell for almost double of what they are worth. People get stupid, almost like it's a competition or something.
thats a good storySkrimpy said:scotto said:Good going. Most of the auctions I've been to, the coins sell for almost double of what they are worth. People get stupid, almost like it's a competition or something.
I sat and watched my gpop have run of an auction house because he knew so much about antiques. He was an antique dealer. People got to the point where they would bid on anything he did just because they knew he knew his stuff. So the auction house used this to their advantage. They starting giving him items for market value (when they would get an item in he wanted they would just sell it to him for a little less than the last item like it went for), in exchange for him running stuff up and dropping it at a point something like 10% more than he would actually pay for it. He said sometimes he would even bid on junk just to see if people would follow his lead. He also said sometimes this would bite back and he would be stuck with something he couldn't sell but it worked out well most of the time. He was happy, the auction house was happy, and the people he was bidding against were happy because they thought he wanted the pieces they were winning.
SWR said:Skrimpy said:They starting giving him items for market value (when they would get an item in he wanted they would just sell it to him for a little less than the last item like it went for), in exchange for him running stuff up and dropping it at a point something like 10% more than he would actually pay for it.
This is called "shilling" and is illegal in most states.