questions, answers, money in the bank.

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.

questions, answers, money in the bank.

Postby americanzero » Tue Jul 03, 2012 1:07 pm

so the other day i was watching an auction on the Bay of e. its mislabeled, poorly written, and misplaced. The seller was offering a 1882 20 piece. So, i see it as what it should be, a $20 gold piece worth about 1500. It was selling for 12.50 when i started watching. Hell of a deal, right? I had almost placed my bid...but stopped myself. I sent him a message asking him the weight of the coin. It should be around 34 grams. I waited, and watched. The bid closed around 1200. I was saddened...until i opened my received messages...the coin, it seems, weighed only 24 grams...so some poor bidder payed 1200 bucks for something that may well have only BEEN worth 12.50...Just reinforces my belief that you should question everything, and it may just save you.
americanzero
 
Posts: 6
Joined: Sat Jun 16, 2012 10:39 pm

Re: questions, answers, money in the bank.

Postby cuag » Tue Jul 03, 2012 4:02 pm

I've realized the Bay is full of sharks and pirates. The deals are out there, but alot of people either ignorantly or purposefully mislist. Enough people are spending alot of time searching or have good aps and find the mislisted auctions that their bids run up to close to value. It appears only the auctions that are listed will go for melt or melt+ as they gain that extra little bit of attention. Kudos to the seller disclosing the weight and you relying on your spidey senses of not bidding.
cuag
 
Posts: 42
Joined: Sun Jul 10, 2011 5:00 pm

Re: questions, answers, money in the bank.

Postby twentybux » Tue Jul 03, 2012 4:34 pm

cuag wrote:I've realized the Bay is full of sharks and pirates. The deals are out there, but alot of people either ignorantly or purposefully mislist. Enough people are spending alot of time searching or have good aps and find the mislisted auctions that their bids run up to close to value. It appears only the auctions that are listed will go for melt or melt+ as they gain that extra little bit of attention. Kudos to the seller disclosing the weight and you relying on your spidey senses of not bidding.

+1 Always trust your Spidey senses. :D
"If 'ifs and buts' were candies and nuts we'd all have a happy Christmas." -- Coach Jackson (my 8th grade track coach)

feedback: http://realcent.org/viewtopic.php?f=32&t=1585
twentybux
1000+ Penny Miser Member
 
Posts: 1384
Joined: Mon Mar 01, 2010 10:00 am
Location: The Show-Me State


Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 4 guests