buying gold on PoliceAuction

[moneyhoney]

If anyone has checked the website, please check out their bids on gold. Gold coins, watches, and several other gold pieces. I am wondering if these items are real gold and worth the investment. bidding going on now for 1850-O gold one-half dollars....should end soon

[Nutmeg Coin]

That's way too much for that "rare" 1850-O $2 1/2 gold piece.

 

It isn't a rare coin in XF, it is not graded and I doubt it is better than VF.

 

It isn't that collectable or desireable based on its appearance.

 

Melt is around $200 and change. It is typical for auctions to include hyped uncertified and problem coins that suckers chase.

[johnny9434]

ive heard that the police auction is trouble. anyone want to check in on that one ?

[moneyhoney]

I dont know what the final bid was...it was 751.00 with 32 minutes remaining. Isn't here any honesty anywhere out there?

[moneyhoney]

I dont know but I am surprised to see that. There is a gold nugget now on bidding...just be careful everybody....

[PerryHall]

There usually aren't very many bargains to be found at the police type auctions.

[RWB]

Municipal, law enforcement, seized property, etc. auctions are almost always farmed out to specialty companies that pray on public ignorance. Think of them as the calls from "The State Police Benevolent Society" and act accordingly.

[Nutmeg Coin]

Municipal, law enforcement, seized property, etc. auctions are almost always farmed out to specialty companies that pray(sic) on public ignorance. Think of them as the calls from "The State Police Benevolent Society" and act accordingly.

 

Freudian slip, rare here. Pray/prey is like sleigh/slay.

[timo16]

I experienced the same, not many bargains.

[Conder101]

Freudian slip, rare here. Pray/prey is like sleigh/slay.

In this case both words apply, They prey on the ignorance and pray the public doesn't get any smarter.

[RWB]

Naww....that was J. Edgar Hoover's slip, not Freud's -- he wore boxers under his skirt.

[moneyhoney]

I think you are right. I tink the name betray the cause...I am thinking that these items have been seized from drug dealers and etc. on the other hand I wonder how the drug dealer get the gold, watch, etc. These guys are in big business

[moneyhoney]

I am beginning to believe that too. Thanks for the info and your response