Need Loan With Collateral | Bitcointalksearch.org

examplens

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Quote from: LoyceV on September 10, 2021, 11:12:51 AM

Quote from: JohnBitCo on September 10, 2021, 06:50:46 AM

Was OP trying to scam with his collateral of "Very Rare 1971 2p New Pence Coin" and "Rare 1982 Twenty Pence" which does not have the value as advertised or was he really in need of a medical emergency Huh

Its hard to distinguish these days , who is really needy and who wana scam Angry

It's very easy to distinguish: you don't go to a specialized Bitcoin forum to sell (or send as collateral) something completely unrelated because of an equally unrelated bill. Unless you're trying to scam.

OP, very easily agreed to halve the value of his coins, also he is very responsive to send with express mail. yet he left the discussion when the real value of his coins began to be analyzed.
this is part of the usual way of trying to scam where someone is trying to sell something with the pronunciation of a loan.

LoyceV

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Quote from: JohnBitCo on September 10, 2021, 06:50:46 AM

Was OP trying to scam with his collateral of "Very Rare 1971 2p New Pence Coin" and "Rare 1982 Twenty Pence" which does not have the value as advertised or was he really in need of a medical emergency Huh

Its hard to distinguish these days , who is really needy and who wana scam Angry

It's very easy to distinguish: you don't go to a specialized Bitcoin forum to sell (or send as collateral) something completely unrelated because of an equally unrelated bill. Unless you're trying to scam.

Timelord2067

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Quote from: JohnBitCo on September 10, 2021, 06:50:46 AM

Was OP trying to scam with his collateral of "Very Rare 1971 2p New Pence Coin" and "Rare 1982 Twenty Pence" which does not have the value as advertised or was he really in need of a medical emergency Huh

Its hard to distinguish these days , who is really needy and who wana scam Angry

To the OP:

Here is my best UK set as graded by PCGS https://www.pcgs.com/setregistry/great-britain/british-mint-proof-sets/british-1998-mint-set/alltimeset/263747 - note I have the three finest coins of their type in this set ^{(and they aint worth $1200)}, so yes, I do know what I am talking about...

JohnBitCo

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Was OP trying to scam with his collateral of "Very Rare 1971 2p New Pence Coin" and "Rare 1982 Twenty Pence" which does not have the value as advertised or was he really in need of a medical emergency Huh

Its hard to distinguish these days , who is really needy and who wana scam Angry

Timelord2067

legendary

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Quote from: wilmoteardley on September 02, 2021, 03:19:00 PM

I have a serious medical emergency and I need a medical loan of $1200 to settle the bill Angry

. My collateral involves antique coins of "Very Rare 1971 2p New Pence Coin" and "Rare 1982 Twenty Pence" . Let me know if there's anyone willing to work something out with me. Il appreciate. If you need images let me know.

Thank you!

The 1971 2pence in PROOF is worth £3 (Coin Yearbook 2019 pp 283) while your 1982 20p (assuming it is the silver proof piedford (i.e. double thickness) variety) is worth £25 (Coin Yearbook 2019 pp 277)

Here are the PCGS population reports for both:

https://www.pcgs.com/pop/detail/penny-1971-date/4035 (highest red is 67) - best sale $40
https://www.pcgs.com/pop/detail/20-pence-1982-date/4039 highest grading 68

Quote from: fenican on September 06, 2021, 10:54:57 PM

Are the coins graded by NGC or PCGS? If not, probably worthless. Those coins are common as dirt and only a few rare error varieties have any value. Can you post high resolution photos and indicate which error type?

Assuming they are genuine and graded, virtually any coin dealer will give you a cash advance against them. Check out any reputable local coin shop.

What assumptions are you making that yours are much better than the ones on offer that have been graded?

Why are you asking for $1200, not £1000 ??

The two eBay coins being touted in the examples are being sold by two different traders.

fenican

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Are the coins graded by NGC or PCGS? If not, probably worthless. Those coins are common as dirt and only a few rare error varieties have any value. Can you post high resolution photos and indicate which error type?

Assuming they are genuine and graded, virtually any coin dealer will give you a cash advance against them. Check out any reputable local coin shop.

LoyceV

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Quote from: examplens on September 03, 2021, 11:45:54 AM

Even if someone accepts to escrow these coins, I was trying to find their value. The best price that I found on eBay is £450.00 for 1971 2p New Pence Coin and £250.00 for Rare 1982 Twenty Pence
that's a total of £700.00, or ~$968 (1 USD = 0.72305 GBP today) which is much less collateral than the amount requested.

Even worse: those are asking prices, and obviously nobody has bought them yet. The seller doesn't sell other expensive coins, so I wouldn't take the asking price as their value.

wilmoteardley

newbie

Activity: 9

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Quote from: condoras on September 03, 2021, 03:15:11 PM

Quote from: wilmoteardley on September 03, 2021, 02:09:39 PM

Due to urgency... I will be forced to use express mail. So I wont be having any issues waiting 2-3 days

You will have though issue to find a lender that will accept the collateral that you offer in your area. If you mention it of course...

Am having fingers crossed! Thanks though...

condoras

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Quote from: wilmoteardley on September 03, 2021, 02:09:39 PM

Due to urgency... I will be forced to use express mail. So I wont be having any issues waiting 2-3 days

You will have though issue to find a lender that will accept the collateral that you offer in your area. If you mention it of course...

wilmoteardley

newbie

Activity: 9

Merit: 0

Quote from: condoras on September 03, 2021, 01:33:49 PM

Quote from: wilmoteardley on September 03, 2021, 01:20:53 PM

Quote from: examplens on September 03, 2021, 11:45:54 AM

Quote from: NeuroticFish on September 03, 2021, 02:32:09 AM

Now, think, would you send those items to an escrow? If not, they're not collateral. Also keep in mind than I don't know if you'd actually find an escrow that'll work with physical goods.
With physical goods you may do better at a pawn shop.

Even if someone accepts to escrow these coins, I was trying to find their value. The best price that I found on eBay is £450.00 for 1971 2p New Pence Coin and £250.00 for Rare 1982 Twenty Pence
that's a total of £700.00, or ~$968 (1 USD = 0.72305 GBP today) which is much less collateral than the amount requested.

Having cut the total amount to half already... Can I get £600.00? thats what am short of at the moment. The receiving party can make sure that they check and verify the package before they release escrow.

Thanks.

For start, it depends on where are you based. If you are in the US, then you should look for a US-based lender. If you are in the EU, then an EU-based lender, and so on. The shipping cost and the danger of losing the package, won't make it easy and convenient. So at least, find someone in the same region/ location that might have an interest.
Then you have to wait 2-3 or more days for the lender to get an evaluation of your collateral and then (if everything is fine), to agree with the escrow to send you the funds.
Too much time, if you are pressured or want to end this quickly...

Due to urgency... I will be forced to use express mail. So I wont be having any issues waiting 2-3 days

condoras

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Quote from: wilmoteardley on September 03, 2021, 01:20:53 PM

Quote from: examplens on September 03, 2021, 11:45:54 AM

Quote from: NeuroticFish on September 03, 2021, 02:32:09 AM

Now, think, would you send those items to an escrow? If not, they're not collateral. Also keep in mind than I don't know if you'd actually find an escrow that'll work with physical goods.
With physical goods you may do better at a pawn shop.

Even if someone accepts to escrow these coins, I was trying to find their value. The best price that I found on eBay is £450.00 for 1971 2p New Pence Coin and £250.00 for Rare 1982 Twenty Pence
that's a total of £700.00, or ~$968 (1 USD = 0.72305 GBP today) which is much less collateral than the amount requested.

Having cut the total amount to half already... Can I get £600.00? thats what am short of at the moment. The receiving party can make sure that they check and verify the package before they release escrow.

Thanks.

For start, it depends on where are you based. If you are in the US, then you should look for a US-based lender. If you are in the EU, then an EU-based lender, and so on. The shipping cost and the danger of losing the package, won't make it easy and convenient. So at least, find someone in the same region/ location that might have an interest.
Then you have to wait 2-3 or more days for the lender to get an evaluation of your collateral and then (if everything is fine), to agree with the escrow to send you the funds.
Too much time, if you are pressured or want to end this quickly...

wilmoteardley

newbie

Activity: 9

Merit: 0

Quote from: examplens on September 03, 2021, 11:45:54 AM

Quote from: NeuroticFish on September 03, 2021, 02:32:09 AM

Now, think, would you send those items to an escrow? If not, they're not collateral. Also keep in mind than I don't know if you'd actually find an escrow that'll work with physical goods.
With physical goods you may do better at a pawn shop.

Even if someone accepts to escrow these coins, I was trying to find their value. The best price that I found on eBay is £450.00 for 1971 2p New Pence Coin and £250.00 for Rare 1982 Twenty Pence
that's a total of £700.00, or ~$968 (1 USD = 0.72305 GBP today) which is much less collateral than the amount requested.

Having cut the total amount to half already... Can I get £600.00? thats what am short of at the moment. The receiving party can make sure that they check and verify the package before they release escrow.

Thanks.

examplens

legendary

Activity: 3472

Merit: 3507

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Quote from: NeuroticFish on September 03, 2021, 02:32:09 AM

Now, think, would you send those items to an escrow? If not, they're not collateral. Also keep in mind than I don't know if you'd actually find an escrow that'll work with physical goods.
With physical goods you may do better at a pawn shop.

Even if someone accepts to escrow these coins, I was trying to find their value. The best price that I found on eBay is £450.00 for 1971 2p New Pence Coin and £250.00 for Rare 1982 Twenty Pence
that's a total of £700.00, or ~$968 (1 USD = 0.72305 GBP today) which is much less collateral than the amount requested.

NeuroticFish

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Quote from: wilmoteardley on September 02, 2021, 03:19:00 PM

I have a serious medical emergency and I need a medical loan of $1200 to settle the bill Angry

. My collateral involves antique coins of "Very Rare 1971 2p New Pence Coin" and "Rare 1982 Twenty Pence" . Let me know if there's anyone willing to work something out with me. Il appreciate. If you need images let me know.

Thank you!

I hope that you've read the sticky.
I'll post something relevant:

Quote from: Vod on April 20, 2014, 01:03:16 PM

What is not considered collateral?

- Items not in hand. Don't trust a user that promises to give you something *when* they default! Tracking numbers only show something has been mailed - it could be an empty box.

Now, think, would you send those items to an escrow? If not, they're not collateral. Also keep in mind than I don't know if you'd actually find an escrow that'll work with physical goods.
With physical goods you may do better at a pawn shop.

wilmoteardley

newbie

Activity: 9

Merit: 0

I have a serious medical emergency and I need a medical loan of $1200 to settle the bill Angry

. My collateral involves antique coins of "Very Rare 1971 2p New Pence Coin" and "Rare 1982 Twenty Pence" . Let me know if there's anyone willing to work something out with me. Il appreciate. If you need images let me know.

Thank you!

Topic: Need Loan With Collateral (Read 234 times)