New Coin Deal

[sruly]

"I was selling it for a friend"

Not with your name and address still on the box.

[CountValentine]

Not with your name and address still on the box.

...and in the unopened box. 

[EJB]

...and in the unopened box. 

All this talk, how many did you get?

[Pad18]

All this talk, how many did you get?

Selling 4 coins @ 625/ea.

Now 650/ea

[EJB]

Lol!!!

[CountValentine]

All this talk, how many did you get?

Personally, 0
Son, 4

[EJB]

Personally, 0
Son, 4

Good chinuch !!!

[Yehudaa]

Personally, 0
Son, 4

Did you threaten to hit him if he didn't buy coins? 

[EJB]

Did you threaten to hit him if he didn't buy coins? 

No, he got his son to sign up through him and sell the coins for $200 . He’s selling for himself not for his son

[CountValentine]

Did you threaten to hit him if he didn't buy coins? 

If he was still 5 maybe but not now.

[CountValentine]

A point of view I didn't consider from a DOC poster.

Personally I think this is hilarious. These guys who are seasoned professionals, enlisted tons of people to help them bypass the rules that are designed to allow real collectors and individuals a chance to get 1 copy of this rare item.
They KNEW what the price was going to be, especially since they were already selling for 500+ well before they went live. They still offered people 200, when tons of other dealers (reputable ones) were offering 4-500 (and those guys were planning on reselling them also). The try to trade in this notion of, well won’t scam you so what we offer is great! Well, plenty of other people won’t scam, but offered people double or more for their item, instead of trying to seize even more of the profit.
The FACT is that if dealers are paying 500, they are selling it for even more, but PFS is upset because some people are choosing to not give it to them for 200 so that they can’t make an extra 300 per item that they shouldn’t have been allowed to get anyway because of the Mint rules?
People should honor their agreements for sure. However, enlisting a ton of people who know nothing about this market or collectibles in order to exploit their ignorance to make a colossal profit compared to competitors is not right either. PFS could easily have agreed to pay pay people a little more given the market, but instead they talk about “well once when a cheap item went down a few bucks, we ate the “loss!” Hardly the same as “we used you people to get around the rules to get 1000s of an item that a ton of actual individuals want, but couldn’t get because we cheated to get them en masse, and we are mad that we couldn’t sell them to those same people for a fortune because some people wanted to make a larger share of the profit instead of letting us pay them 100 profit and keep 400+.”
Sorry but I can’t really cry for them. When you are already engaged in a process designed to fundamentally cheat the system to enrich yourself, you give up the moral right to cry when some people get wise and cut you out.

[~King Lake~]

A point of view I didn't consider from a DOC poster.

Personally I think this is hilarious. These guys who are seasoned professionals, enlisted tons of people to help them bypass the rules that are designed to allow real collectors and individuals a chance to get 1 copy of this rare item.
They KNEW what the price was going to be, especially since they were already selling for 500+ well before they went live. They still offered people 200, when tons of other dealers (reputable ones) were offering 4-500 (and those guys were planning on reselling them also). The try to trade in this notion of, well won’t scam you so what we offer is great! Well, plenty of other people won’t scam, but offered people double or more for their item, instead of trying to seize even more of the profit.
The FACT is that if dealers are paying 500, they are selling it for even more, but PFS is upset because some people are choosing to not give it to them for 200 so that they can’t make an extra 300 per item that they shouldn’t have been allowed to get anyway because of the Mint rules?
People should honor their agreements for sure. However, enlisting a ton of people who know nothing about this market or collectibles in order to exploit their ignorance to make a colossal profit compared to competitors is not right either. PFS could easily have agreed to pay pay people a little more given the market, but instead they talk about “well once when a cheap item went down a few bucks, we ate the “loss!” Hardly the same as “we used you people to get around the rules to get 1000s of an item that a ton of actual individuals want, but couldn’t get because we cheated to get them en masse, and we are mad that we couldn’t sell them to those same people for a fortune because some people wanted to make a larger share of the profit instead of letting us pay them 100 profit and keep 400+.”
Sorry but I can’t really cry for them. When you are already engaged in a process designed to fundamentally cheat the system to enrich yourself, you give up the moral right to cry when some people get wise and cut you out.

Selling 4 coins @ 625/ea.

?

[CountValentine]

If you are going to accuse someone of something you should have your facts correct. 

[~King Lake~]

If you are going to accuse someone of something you should have your facts correct. 

Huh?

[aygart]

A point of view I didn't consider from a DOC poster.

Personally I think this is hilarious. These guys who are seasoned professionals, enlisted tons of people to help them bypass the rules that are designed to allow real collectors and individuals a chance to get 1 copy of this rare item.
They KNEW what the price was going to be, especially since they were already selling for 500+ well before they went live. They still offered people 200, when tons of other dealers (reputable ones) were offering 4-500 (and those guys were planning on reselling them also). The try to trade in this notion of, well won’t scam you so what we offer is great! Well, plenty of other people won’t scam, but offered people double or more for their item, instead of trying to seize even more of the profit.
The FACT is that if dealers are paying 500, they are selling it for even more, but PFS is upset because some people are choosing to not give it to them for 200 so that they can’t make an extra 300 per item that they shouldn’t have been allowed to get anyway because of the Mint rules?
People should honor their agreements for sure. However, enlisting a ton of people who know nothing about this market or collectibles in order to exploit their ignorance to make a colossal profit compared to competitors is not right either. PFS could easily have agreed to pay pay people a little more given the market, but instead they talk about “well once when a cheap item went down a few bucks, we ate the “loss!” Hardly the same as “we used you people to get around the rules to get 1000s of an item that a ton of actual individuals want, but couldn’t get because we cheated to get them en masse, and we are mad that we couldn’t sell them to those same people for a fortune because some people wanted to make a larger share of the profit instead of letting us pay them 100 profit and keep 400+.”
Sorry but I can’t really cry for them. When you are already engaged in a process designed to fundamentally cheat the system to enrich yourself, you give up the moral right to cry when some people get wise and cut you out.

according to @pfscoins his numbers are off

Now, typically we give ~60% of the premium the we receive (over mint cost) to our members, we have about 20% of opex, and are lucky/extremely happy if we net 20% of what the total premium is.

[~King Lake~]

You could still sell your coin to someone else even if you opted in before, but you're a very dishonest point period.

Now you could say whatever tirutzim you want

[CountValentine]

Huh?

You highlight the Mint rules then highlight how many I was selling. What was your point?

[EJB]

Also perhaps his son had 4 wives

[~King Lake~]

Also perhaps his son had 4 wives

Not nice talking this way

[EJB]

Not nice talking this way

I’m being dan lkaf zchus