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Wow MovieMan, 1214 post...you have been busy.
How many post have you seen here where folks are "complaining" about "the Storage place" or "the Auctioneer" has/is committing Fraud by moving stuff, show casing stuff, cherrypicking etc....?
I stop by everyday and read(don't post much though)....and I cannot recall a day where there is not a thread or reply stating this....or when I'm onsite, I hear it each and every day from bidders....so yea, for me "ALWAYS" applies
So keep on looking for them "red flags".....maybe that will keep you too busy to bust on another's reply
You have yourself a good day
Depending on where you are the chance of silver from roll searches is rare. My kids and I do roll searches all the time. Am active on another forum that is other coin collectors and roll searchers. One issue you will run into if get into roll searching is where to dump your coins. Tellers will start to hate you if you bring in rolls and rolls of half-dollars and such. So if you can find a coin-counting machine that takes halves and doesn't charge you if you are an account holder it's a good to do in your downtime.
One thing I've hated about the auction hunter show (not seen many storage wars) is they find silver coins and just chunk them. They are like silver - cool that's XX spot value. I'm like - well depending on the type / year and if an error that coin(s) could be worth way more then spot value.
For silver here are the dates you need to know:
Dollar - Eisenhower dollar coins - the 1971 - 76 S mint marks are 40% silver. Peace & Morgan dollars are 90% silver and worth more then spot depending.
Half-dollar -- 1965 - 1970 is 40% silver 1964 and back is 90% silver
Quarter and dime - 1964 and older
Nickle - 1942 - 1945 are 35% silver
I live in a pretty ****ty neighborhood, its pretty ghetto, I'm the onlywhite guy on my block. I have had garage sales at previous places I lived and did well, all in nicer neighborhoods but people like going to those b/c nice neighorhoods tend to throw out nice and perfectly good stuff or sell it cheap at garage sales.
Just curious if anyone else lives in the ghetto and has garage sales. Im think I may be in a good area to sell a lot of stuff but really don't want all these people seeing all the stuff I got lol. I'm well armed and have a bulldog/pit mix but I'm not home all the time.
My living situation is temporary I'm going to either sell or rent the place and move on but stuck here for a few more months and dont want to let the summer pass me by without having a few garage sales.
I think of kids bidding at auctions as being proxies for thier parents/grandparents so I am not gonna fall for that gimmick. If a kid is bidding on a small unit with toys and stuffed animals I'm not gonna be a scrooge and run them up, but if they are bidding on 10x20s, 10x30s full of furniture and boxes, then it's game on! I don't care how cute they are!
Of course there is always strategy #2, send in my own cute kids to bid against the other guys and gals cute kids. Could you imagine seeing that at auctions, hilarious!
My biggest learning curve is going to be how to size up a unit in the 5 mins or less that you get to view it.Takes time to value things in a matter of seconds
Figure it will not be till december or such that prices will settle down some. I could be wrong, if the weather stays at 100+ the other looky loo's may stay home.
I disagree with that. Are you telling me that you wouldn't spend a grand on a locker if you know you could make a quick $400 profit?If I knew for a fact what I was looking at was an easy quick $400 profit sale (this is with all the other fees we end up paying, trash, gas, etc). Then ya I would do it.
On the show they seem to go with the experts "estimated" price. Estimated and actual price at sale can be a huge difference.
Well I'll be honest and admit I'm a hobbiest. I've not even purchased my first unit yet. Still doing my research and learning the trade...is how I found this site. Also still working on my seed money, $300 down and growing. I'm new to storage units but not to auctions. Father and I go to a dozen or so auctions each year. Mostly estate and equipment type auctions.
One issue I have is how easy the shows make it look. While I love Auction Hunters for the entertainment factor I do prefer Storage Wars due to them showing the good and the bad.
As for my strategy to sell items I'll do like I've done in the past. Mostly Flea bay and craigslist. I will also prob hit up my sister-in-law for the smalls that I can't sell easily. She is unemployed and doing lots of avon, yard sales, etc. Figure offer her .25 or .50 cents on the dollar to sale my items on saturday to leave me free to do stuff w/ kids, etc.
While I'm close to Atlanta I figure I may stay away from the area. Considering all the other newbies and professionals alike out bidding on units.