Dealer vs Seller: Who Won This Deal On The Gold Eagle?
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- Опубліковано 28 сер 2024
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Good advise i will watch your channel
Thank you Bill. Please share.
Its a crazy world out there, nothing surprises me any more. God Bless
I think folks don't understand gold like our grandparents did.
Broker was on. He deployed all the techniques to stall… He had the coin turned before the gentleman left the room.. BAM!!
You never win in a pawn shop. Period.
What about thieves ? They win.
This pawn broker is seen on other metals channels being interviewed and he presents himself as a fair and honest dealer but after seeing this, I would have nothing to do with him,ever. He’s a phony and two faced. Today I got to see the other face. He should learn,since he’s just started out in the pawn business only a few years back,that reputation and repeat customers are your ticket to success. With UA-cam and other platforms showing almost everything,he made a big mistake taking advantage of the guy on camera,at that. Good advertising for stay away from me!
Thanks so much for sharing.
Wow I would’ve walked out,$ 1600 that’s crazy $380 under spot, he got robbed.
It certainly wasn't a love fest, that's for sure:)
never sell to a pawn shop.
Never pawn to a sell shop.
Dealer was using wrong setting on machine. He should have gone to the American Eagle setting. It’s made specifically for that coin.
I think the seller was the only person that was ignorant (no disrespect intended) about the gold weight of the coin.
It's a pawn shop not a gold broker or coin shop. These guys offer more than most pawn shops ever would. You should watch more of there videos and you would see how awesome he and his father are.
"It's a pawn shop not a gold broker or coin shop." Thank you for bringing that to our attention.
"These guys offer more than most pawn shops ever would." That's a "He ONLY beats his wife on Mondays" kind of response.
"You should watch more of there videos and you would see how awesome he and his father are."
For what that's worth. Some folks think Charles Manson is awesome.
He definitely low-balled the guy even being that he is a pawn shop. He knew that he could get on the phone and sell that coin for very close to spot at any moment. At 1600 that would have easily made him a quick $400 bucks. For doing what, looking at a coin for 10 minutes? That's what I call profit! You are correct though. I offered an ounce years ago to a pawn shop just to see what he would do. He offered me $400. I said no thank you because spot price was around $1000 at the time. Pawn shops prey upon these people every day and they have no mercy.
I appreciate that @Wes_Stacks
@@jim8684 So true Jim. Education is expensive but ignorance is costly.
@@PawnBrokerPickers thanks for erasing that other comment of yours. If reflected very poorly upon you and was not in the spirit of the video or the thread. Never a need to resort to name-calling. Just so you know, this was an education video just like all the others on this channel. It was not a personal attack on you.
gold eagles or buffalos should demand at minimum spot at any broker, maybe 2-3% less in some occasions since it’s a pawn shop , pawn dealer came up
10:42 $1,980, anything less is a rip off.
Yes, the cost of desperation and ignorance = $300-$400.
At a coin shop...yes / At a Pawn shop... No
I watched and even commented on the original video. Yes the US Gold Eagle is 22K, but weighs 33.931 grams making it one full Troy ounce of gold.
When dealing with precious metals it behoves the seller or buyer to “know” the current value of what they’re wanting to sell. If the buyer is offering to little take your coin and leave.
Thanks for sharing Kenneth.
Good honest advice we need more people just like you
Thank you. Please subscribe.
I have a pawn shop and we pay spot for eagles and buffalos. We pay 95% on gold bars
Wow! Thanks so much for sharing that.
How much for Canadian Gold Maple? Spot also?
Pawn shops are the worse place to buy or sell ,take to a coin shop call before hand and ask where are you at with spot are you buying ?
Thanks for the information it really helps
Glad it was helpful!
This buyer rips people off.
I agree they ripped him off
1650 for a stolen coin not bad
And another video one of his customers said that the nearest LCS was an hour away. That’s why he went through the pawnshop.
In that video, Justin offered the guy the same amount that LCS offered
Just saying
Thanks for sharing that.
That pawn guy be getting people
Nothing like admitting it’s a fire sale right outta the gate. If I’m asked where my coin came from, “I bought it”. Period! I’m not gonna come out and tell the guy what I paid for it by telling him where. I can pay 2% over spot, and still make money on that coin. Offering $1,600 is an insult. I wouldn’t take a penny under spot. I’ve seen this broker before. I wouldn’t go within a mile of his store. The customer didn’t buy the coin. And the dealer knows it. If he bought it, he already paid a good size premium as well. So he lost somewhere around $500-$600 on this coin if he bought it.
Nice analysis. Thanks for watching.
you’re welcome.
Wow! 1600? 1650? 1675? This guy got ripped off but it’s suspicious about where he acquired the coin.
I agree. He was happy to get the $1650 too. Thanks for sharing.
That guy got screwed 1675 he should have got spot at least. These are going for 100 over spot
Yeah, you can say the seller won on the price because he bought it for 1350 but using your poker analogy, this poker player left money on the table. so, I would say the seller lost, if he was desperate, he should have at least gotten 1800, should have said I'm asking 1800 you're my first stop I have 3 more places to go. That pawn guy would snap it up despite having to hold it 30 days before he can sell it. paying under 180 dollars buys him that 30 days he has to wait to turn around and make a profit on it.
Nice analysis. Thanks for sharing.
The Pawn guy says there's a lot of these out there, that's a bunch of BS
The mint only sells bullion to Authorized Purchasers so he didn’t buy it from the US Mint website
Thanks for sharing. It seems like a little thing however I think folks will also learn from the comments.
There is a company that uses a name like that USgovmint coins or something like that.
That pawn shop dude took the seller to the cleaners.
The alarming part is that the seller desperately wanted this deal.
I think they’re both winners the seller needed quick cash and the buyer left some room for a profit on his end to keep the doors of his business open
U. S. Gov. Mint ? You’ll never get what you paid it then.
You can only get burned if you accept the deal. If both parties agreed on price it's a legit sale
Thanks for sharing and I agree. The legitimacy of the deal is not in question because both agreed. We questioned if it was a good deal and for whom.
Never go to a pawn shop. Especially this guy. Seen this pawn guy many times dude is really unfair.
Byer is the winner, seller didn't do his homework
Yes, it is that simple. Thanks for watching.
The Broker wins as always..
Just the fact the guy was rocking back and forth tells you he is in a weak position by his body language!
Never sell to pawn shops😮😮😮
I agree but at the same time the pawn shop guy says coin stores are getting more and more rare.
I’ve noticed this particular channel do at least a couple shady things, this video being one of them. I started following him because I like pawn and reselling, but people should avoid that channel if they are looking for more honest content
Thanks for watching and sharing. I do wish you had made it more clear that you were not talking about TGM, LLC :)
Anything less than spot is being raped. Honestly dumb seller. I would said give me spot plus 40 and you still make a 100 on the coin sir. You have to know the value off these coins. You can sell spot worldwide. He could of gotten 2180 by selling on ebay. Actually more the coin was a lil older which gets a premium online. Even online buyers pay spot. Not all thou. Coin shop would of gave sot plus a lil premium if he's a good guy. Eagles are highly valued in America. Theres an understanding of the premiums are high for these coins, so ethical dealers give w lil off it bacc.
Thank you for sharing your knowledge and experience.
Ebay? After their fees you'll get $1700 out of it!
The pawn broker will clear about $400 on that coin He must hold it per his state laws though. He was playing w/ the coin but was really playing the seller. The seller didn't know the coin and probably wasn't the real owner. There was at least one rip off here ,but probably 2.
Its a pawn shop not a coin shop, pawn shops have to hold there items for 30 days before they can sell anything, spot price could plummet by then! They shook hands so they were both happy obviously but if you want to sell your coins and get top dollar call around to all your coin shops and bullion dealer!
Liked and subscribed!
Thank you.
1675 seller was robbed store owner is criminal
I hear you. The pawn shop is the absolute worst place for a desperate gold seller. Probably worse than a loan shark.
That guy got ripped off. But anybody collecting these coins would know how much silver and gold is in each one of them.
Wow, he got ripped off, he should have shopped around.
Definitely should have shopped around. Thanks for watching.
I think the seller needs money for more than a tesla... He's rocking side to side like he's on a ship on the high seas. He buys coins and doesn't KNOW he should at least get close to spot price... Why go to a pawn shop? He definitely DID NOT buy this coin from US mint. NO WAY. I fear he got this coin from somewhere and it might be ALL profit (1600)... The seller is too nervous.
I think you read this situation perfectly. The editor clipped off the end but at the end they discuss how the seller was there before selling an expensive rifle scope.
A guy at a pawn shop, lying about his item, and how he acquired it…go figure. He says he bought it online, about 5 yrs ago, which would mean “on the secondary market”. Having been handled by multiple hands, he would never be able to ever get more than spot, and probably not even that much. Most likely, he’d probably be offered about $100 under spot. When the pawn shop owner points out the coin is only 91.7% pure, that does not mean it only contains that much weight of Gold in it. This man most certainly knows nothing about the bullion market, and the fact that he’s extremely nervous, rocking back and forth, with hands in and out of pockets, to me, is a sure sign of a questionable deal, and how he may have actually acquired it. The seller definitely is desperate, and has practically no education on the metals market. He gets exactly what he deserves…ignorance is no excuse for getting ripped off. The internet provides ample information for anyone.
Thanks for sharing Victor. The only thing that I'll add is that even if a bullion Gold Eagle has been handled, it will still sell at or near the spot price as long as it is not damage. Your information on selling Gold Eagles is off a bit.
this broker has many videos out there and i have not seen this one where he is definately RIPPING OFF the seller because he is reading the desparation on the sellers part. shame on him. his many published videos always make him out as a good honest guy paying legitimate prices to his clients. i am shocked at this one.
He definitely hit this seller over the head:)
He paid 20$ for eagles when the they were going for around 35$ half a year ago at a yard sale.
I agree and shared a similar comment after seeing this
not a penny under spot
I’ve seen some videos with this guy before, but never this one. I always cringed at the other videos therefor can’t watch them anymore, but this one popped up on my feed and my god it was awful to watch.
I wish I was in that shop at the same time. I would’ve offered the guy 1,800-1900 immediately and walked out with him while winking at the pawn broker
It was brutal:)
Thats retail on that coin 5 uears ago
I know what you mean. Thanks for sharing.
This guy selling seams a little sketchy. First if he is a coin guy and boght it he would know more, and he keeps moving. I don't know but maybe he got it some other way. If i had bought a two thousand dollar coin i would know as much as i could about it.
Anna, you and I saw the same thing.
Justin and his dad usually give spot. This guy talked himself down. And was happy with $1675
If they usually give spot, why didn't he offer that? He made the initial offer, not the seller. The gentleman didn't talk himself down, he was going up and your friend was going down. Are you lying to us or yourself?
I just sold one for $1925.
That broker did well.
One thing for sure, no one watching this video wins anything!
1930 something Troy 0Z today. That's someone don't deal with . My self ,want to pawn shop .Guy had 1 Troy 0Z sliver bar . He wanted 38.99 + tax . What ripe off ! Sliver 23.23 T oz + spot + State tax would been 27 something
Thanks for sharing your experience with us.
Why sell to a pawn shop? Some people buy a few items in a specific category(this one being coins) and all of the sudden think they know it all or don’t do anymore research. This guy is clearly not a coin guy and doesn’t know any other coin guys otherwise he would have sold it privately to another coin guy and gotten closer to spot!
That's right. If he was a coin guy he would have at least consulted a friend. He just wanted to sell that thing ASAP
I won’t even talk about the deal. People can debate that.
The fact you used a UA-cam video, and didn’t even give credit to the original creator, I find more disgusting than the deal that was made. How can you in good consciousness be critical of the deal…. When your own website has….
2023 Silver Eagle for $31.49, and a silver Kookaburra for $34.79? That’s the pot calling the kettle black.
Aspire to do better. Be better. Because what your doing here, isn’t the way forward.
Thanks for your comment Kacey. Like the other viewers, you found the deal disgust: "...I find more disgusting than the deal that was made". FYI, we offer the lowest price in the country on many silver products. Our Silver Eagle prices are competitive with the market.
I don’t think dude got ripped off , he could have said no, pawnshop doesn’t usually pay but 1/3 value on stuff in my area. Dude didn’t have him at gunpoint or anything. But I watch his videos and I’ll say if I was a pawnshop I’d do same. The seller knew he didn’t have to sell.
Thanks for sharing your opinion. It is appreciated.
Maybe stolen
There's definitely more to that story.
MJ Pawnbrokers are good people, you know going into a pawn shop you are going to get low balled, MJ does much better than 90% of pawn shops when it comes to pricing.
😮I hope the dealer used vaseline
That was a pretty rough deal.
Pawn shop has to pay its bills. If u dont like price take it elsewhere. This shop is straight up and reputable. Fjb
You just reiterated the point of the video...don't take your gold coin to a pawn shop. We appreciate you sharing your feelings about the pawn shop.
The seller got took with current gold prices. @Wes_Stacks , your a clown, trying to justify the price they agreed to. That doesnt take away from the idea that the seller could have actually made a couple hundred if he did indeed purchase said coin in 2010.
You do way too much commentary - a little here and there for clarification ok but not the amount you present as we can get the point from the conversation and no need for you to talk that much