ST Alpha - "so, I'm on campus today, and there's a guy w/ a stand set up selling jewelry, old coins, etc. ... and I'm thinking I wish I had more $$ ...." (Reading a Post)

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so, I'm on campus today, and there's a guy w/ a stand set up selling jewelry, old coins, etc. ... and I'm thinking I wish I had more $$ ....

Posted by i'm not spooked, yet ! (aka pacrat) Oct 26 '11, 10:12

he has some old Chinese coins that by all rights have to be at least some percentage silver content. Admittedly, I don't know a lot about old Chinese coins (just did a bing image search and these are a lot like some dating back to early 1900s), so i don't know their exact "collectability" value .... but like I said, silver content? yeah...going at a bit over $30 an ounce right now, these coins are probably worth $20+ just for their metal content...

the kicker? he was only asking $3 a piece for the coins.

Am I wrong in feeling like i should be selfish and snatch up all over those coins, then turn around and make a profit selling to some place that buys "all your scrap gold and silver" ???

I mean, I *am* a Capitalist, after all .....

Responses:

do they have a tarnished silver type patina? I bet they don't. If they are at all shiny, stay away - zork Oct 26, 10:29
this is as ironclad an investment opportunity as i can remember seeing. -- nm - TFox Oct 26, 10:24
sounds fishy -- nm - Evil Beaker Oct 26, 10:18
I'd steer clear. -- (link) - TWuG Oct 26, 10:16 2
- thanks for the heads up, but the coins this guy is selling are different ... see link attached... - i'm not spooked, yet ! Oct 26, 10:23 1
  - Look at the rest of the photos in the link above. The fakers fake *everything* including US key date cents and silver dollars. - TWuG Oct 26, 10:28

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so, I'm on campus today, and there's a guy w/ a stand set up selling jewelry, old coins, etc. ... and I'm thinking I wish I had more $$ ....

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