Sick of Dealers and Coins

Cliff
why did it take so long for someone to point out this game dealers play, if
thats the reason?


"Cliff" wrote in message
...
Eric Tillery wrote:

On 26 Aug 2003 08:15:44 -0700, (Phil Barnhart) wrote:

[snip]

Many of these dealers were good ANA members, respected, and heavy Coin
World advertisers. Not a single one of them were ethical. One
well-known dealer eyed the Standing lib for several minutes, declared
it an "extra-fine" and offered me $900.

[snip]

Now come on. I am well known for calling out dishonest dealers, and have
taken a lot of flak for it. But I didn't just fall off the turnip truck,
and apparently
from your post and the excerpt above, you are claiming there wasn't a
single
dealer who was ethical and/or honest. I don't buy it, there is a lot in
your story
that does not add up.
--
K6AZ WEB PAGES

http://www.k6az.com/web_pages.htm

It is well known, at least among the dealers I know, that when they
know someone is playing a game with them, which this person obviously
was, that they'll either low ball or just walk away. There are any
number of people who have a nice coin or two and get their jollies
from walking them around the floor with no intention of selling, but
are just playing a game to see if they can make a dealer squirm.
After a while a good dealer can spot these folks coming, just like
this story where 2, probably smug looking individuals walk up and play
dumb, trying to play a game with the dealer. The person in the story
was lucky he wasn't just told to pound hot sand and stop wasting the
dealers time.
Cliff

Gee Keith, the people you mentioned have been fined enormous sums of money
and some are in jail.

Perhaps you should explain what penalty their is for the unscrupulous coin
dealer.

BTW I think there are just a few bad apples in the bunch. Most are not
blatantly dishonest.


"Keith Fletcher" wrote in message
...
This story just burns me up! We need to raise standards and should start
by
adopting the values, standards and practices of some of our millionaire
exectuvies at some of our larger corporations, like Enron! Oh, never mind
them ... Worldcom! Oh, darn ... uh ... Merril Lynch! .... Geez ... OK,
OK,
Arthur Andersen! Oops, uh, let's make that ... Tyco! Yes! oh, doh, uh
...Global Crosssing but they .. uh uh ...

Adelphia, JP Morgan, ImClone, Duke Energy...

Aw, forget it.

In jail? Name three please. There have been few criminal prosecutions.

Which individuals among them have had their East Hampton Houses taken away?
How many have been reduced to a middle class standard of living because the
money they stole from middle class people was returned to those wronged? A
few months in the Mediterranean on the yacht will sure ease their bruised
feelings.

Sorry, but the truth is few people have gone to jail for this. And the
fines were just slaps on the wrist. Heck, World Com is going to come out of
bankruptcy with an unfair advantage over Sprint and others who played by the
rules. This may happen as soon as September 8.

--Keith

"Blaine" wrote in message
nk.net...
Gee Keith, the people you mentioned have been fined enormous sums of money
and some are in jail.

Perhaps you should explain what penalty their is for the unscrupulous coin
dealer.

BTW I think there are just a few bad apples in the bunch. Most are not
blatantly dishonest.


"Keith Fletcher" wrote in message
...
This story just burns me up! We need to raise standards and should
start
by
adopting the values, standards and practices of some of our millionaire
exectuvies at some of our larger corporations, like Enron! Oh, never
mind
them ... Worldcom! Oh, darn ... uh ... Merril Lynch! .... Geez ... OK,
OK,
Arthur Andersen! Oops, uh, let's make that ... Tyco! Yes! oh, doh, uh
...Global Crosssing but they .. uh uh ...

Adelphia, JP Morgan, ImClone, Duke Energy...

Aw, forget it.

Blaine wrote:

"I have little sympathies for the person, elderly or not, who unloads
inherited valuables or collectibles just because he doesn't
know anything about their true worth and won't take the time to find out."

Wonderful attitude and great compassion you have for humanity.
In my business, Bonds, that is called fraud.
It is regulated at multiple levels and your coldhearted response is an
attitude that would get you barred from the Bond business.
Perhaps you would cheer for me if the next recently widowed old lady brought
her husbands life savings in and I paid 25 cents on the dollar.

Get a conscience you fool.


Your asshole attitude aside, I don't know what you're talking about.
Are you saying that if I inherited some bonds (excuse me, Bonds!) I
would be committing fraud if I sought some advice as to their worth and
how and where to liquidate them? Take a look at my original post again
and try to comprehend what I said before you blast in here with your
anonymous insults. You must attract a lot of customers with that
attitude of yours.

Bruce

Legality and ethics aside, dealers should want to do what is best for
the industry which means leaving consumers with a positive feeling and
encouragement to pursue the hobby. In other words delivering true value.
I can't see that happening without some sort of regulation.
-K
NO MORE REGULATIONS!!!!!!!!!! we are being regulated to death in this
country. Like none of us has any brains. Best part is the hypocrits
making the rules.
several years ago, in NYS, our legislators wanted to make a rule
against "obnoxious odors". Please. we would be fined for F**ting in
public? Of course I am a female so I don't do those things.
IMHO coin dealers are no more thought to be untrust worthy than any
other self owned business. For some reason, the Wal Mart , etc, on the
consumer level are not questioned by the consumer. I know the head dogs
are always questionable, but a small business person is thought to be
untrustworthy. Weird and makes no sense. Treat people the way you want
to be treated. Fool me once, shame on you, fool me twice, shame on me!!
Doris

"By all means marry: If you get a good wife, you'll become happy; if you
get a bad one, you'll become a philosopher." (Socrates)
Calling ALL Australians!
See http://home.iprimus.com.au/wpbalcombe/=A0 then please leave feedback
re OZ DAIRY CRISIS at http://geocities.yahoo.com/gb/sign?member=3Dbalcs9

Coin Saver wrote:

From: DFloyd

All generalizations are always untrue. ;o)

Does this mean the conspiracy has been called off? Why wasn't I informed?

8-)
Coin Saver

I just added my newsreader to the National "Do Not Prevaricate" list.

Any posters violating this list after October 1, 2003 will be reported
to the FTC, SEC, FBI, CIA, OSS, SSA, IRS, DoD, OPM, PTA, NSA, CBS, DJI
and any other three letter acronyms that are handy.

Thank You.

Alan
'part of a larger secret with ritual greetings'

(Frank Provasek) wrote in message ...

Compare the true wholesale cost of most consumer goods,
particularly jewelry and clothes, with retail. and you will see that coins
have a lower spread than almost anything else you buy.

But if you go to Walmart or Sears to buy clothes, the salespeople
won't try to tell you that they are selling you "investments" that
will increase in value.

It's unfortunate, but stories about the unscrupulous behavior of coin dealers
are far too common and not all anecdotal.

A prominent member of the PNG (since resigned), Ronald J. Gillio, was indicted
last year on felony charges of trying to swindle an old man out of his
valuables.

Littleton runs an ad all the time about an old woman who wanted to sell a $5
note, and who took it to a series of dealers who offered her a tiny fraction of
its true value (see, for example, Coinworld, 10/03, p.102, where an edited
version of the story appears in their latest ad).

It would be nice if all the horror stories were just that, stories, but the
unpleasant reality is that there are crooks among us.

Regards,
Tom

Tom writes:


It's unfortunate, but stories about the unscrupulous behavior of coin
dealers
are far too common and not all anecdotal.

A prominent member of the PNG (since resigned), Ronald J. Gillio, was indicted
last year on felony charges of trying to swindle an old man out of his
valuables.

snip


It would be nice if all the horror stories were just that, stories, but the
unpleasant reality is that there are crooks among us.

Ron Gillio has been indicted, NOT convicted. When & IF he's been convicted,
THEN you may call him a crook.

I will agree there are crooks among is, as that's certainly true.

Too bad the coin dealers can't be honest and trustworthy like corporate
executives raiding employee pension funds, like folks collecting unemployment
insurance and/or disability benefits and yet are working "under the table,"
like the doctors and hospitals that phony up non-existent tests and other
illusory medical procedures, like the dentists who collect Medicaid benefits
from patients who haven't shown up for years yet are still in the records, like
our wonderful politicians who always tell us the truth yet feather their own
nests by collecting $140,000/yr for like after merely serving one terms, like
stock brokers who churn the acc'ts of widows and the elderly putting them into
high risk investments in which the brokerage house has a position, and so on.

Regards,



Ira Stein

In article ,
espam (WinWinscenario) writes:

It's unfortunate, but stories about the unscrupulous behavior of coin dealers
are far too common and not all anecdotal.

A prominent member of the PNG (since resigned), Ronald J. Gillio, was
indicted
last year on felony charges of trying to swindle an old man out of his
valuables.

Littleton runs an ad all the time about an old woman who wanted to sell a $5
note, and who took it to a series of dealers who offered her a tiny fraction
of
its true value (see, for example, Coinworld, 10/03, p.102, where an edited
version of the story appears in their latest ad).

It would be nice if all the horror stories were just that, stories, but the
unpleasant reality is that there are crooks among us.

Regards,
Tom


Tom, no one's saying that ALL dealers are honest. ...but 40 of 40 is
preposterous.
I'd guess out of 40 "man on the street" interviews, one is likely to find quite
a few law breakers and a couple of felons in the group...but because Littleton
documents a crook or anyone else finds a couple of people among the group
sometimes loosely described as "coin dealers" who are not honest, please do not
indict the whole group. The situation described in the original post was
blatantly phony and transparently created by someone with nothing better to do,
who has chosen not to offer any reasonable proof of facts he presented.

We're not perfect, but we're no worse than you'd find in any profession. As I
said, no profession from presidents to priests is without its shysters ...but
those who attempt to embellish or totally fabricate the truth do more damage to
the cases of real problem individuals when they do arise. These rabble rousers
toss accusations and then run & hide when asked for some simple, verifiable
facts to document their stories. What purpose they serve or satisfaction they
gain, I can't imagine. The fortunate thing is that most of them are not smart
enough to write a believable scenario and like our original poster, are so
transparently lying, that it makes it quite a simple matter to shoot holes in
their stories.

dondi3
DONDI enterprises. BUY, SELL, TRADE. RARE COINS & PRECIOUS METALS
Member COINNET, CSNS, ANA, INA, MOON, ILNA.