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View Full Version : Retarded lady buys bag of pennies for $61



madfranks
1st August 2014, 10:24 AM
Stupid lady deserves what she gets.

http://www.wfla.com/story/26166817/tampa-bay-area-woman-feels-ripped-off-after-paying-61-for-coins-worth-150

Vickie McInnis responded to a newspaper ad promising a chance to buy old, rarely-seen coins that have been sitting in a bank vault for years.

http://wfla.images.worldnow.com/images/4362827_G.jpg

With shipping, she paid $61.43. But, here's what she received: a bag of about 100 pennies, worth at most: $1.50.

http://wfla.images.worldnow.com/images/4362821_G.jpg

"I felt totally deceived, totally ripped off,'' McInnis said.
The full-page ad includes a photo of armed guards surrounding piles of money bags. The article explains that circulation of the bags is limited and if you live in the right zip code, you have the privilege to buy one for a mere $49.
Get this: the winning zips begin in 32, 33 and 34. That includes the whole Tampa Bay area.
The ad says the coins date back to the 1800s and include Indian head coins, wheat pennies and wartime steel coins.
But, most of McInnis' coins are from around 2003.
"These pennies are just new that you could get any day from the bank in a roll, and you know, pay for 100 pennies for $1," she said.
Coin buyer John Frost, of the Gilder Shop in Tampa, reviewed McInnis' coins for 8 On Your Side and said she was "ripped off."
Frost said at most, the pennies are worth about $1.50 because there are a couple of wheat coins in the bag.
"They're not un-searched," he said. "Somebody had to put them here and seal the bag, so somebody's already handled them and looked at them."
I tracked down the company that sold McInnis the coins. It's called World Reserve Monetary Exchange in Canton, Ohio. It has an "F" rating with the Better Business Bureau after hundreds of similar complaints.

palani
1st August 2014, 10:56 AM
She traded worthless ole FRNs for something of value and got ripped off?

madfranks
1st August 2014, 12:16 PM
She traded worthless ole FRNs for something of value and got ripped off?

I'll sell you a bag of 100 pre-82 copper cents for $61, what do you say?

palani
1st August 2014, 01:13 PM
what do you say?

My policy is not to take advantage of the disadvantaged.

madfranks
1st August 2014, 01:56 PM
My policy is not to take advantage of the disadvantaged.

Personal attacks aside, so you're saying the lady was smart to buy a bag of pennies for $61?

palani
1st August 2014, 02:05 PM
you're saying the lady was smart to buy a bag of pennies for $61?

Was she smart to have $61 in FRNs?

She might have purchased $61 billion Zimbabwe dollars instead with the same amount of FRNs. Would this have made her smarter?

Glass
1st August 2014, 06:12 PM
It's a question of relative value. The lady anticipated her FRN expenditure would lead to an even greater income of FRN's. Instead she got some penny's or she got some pound or so of metal. Which intrinsically had more value? The FRN's or the metal?

I think the real problem is that the labour she put in for the FRN's was more than the value of the FRN's or of the metal she traded them for but she is happiest taking the loss on FRN's than she is for the metal for some reason.

palani
2nd August 2014, 04:23 AM
she is happiest taking the loss on FRN's than she is for the metal for some reason.

Not retarded .... just amateur.

Spectrism
2nd August 2014, 06:28 AM
Greed will get you every time. She thought someone would send her great wealth just because she was in the right zip code... for her $61. She was counting on the foolishness of someone else to make her rich.

Palani, you really should try to present some value in your posts.
They are feeling much like federal reserve Zimbabwe notes from a Milton Bradley game box.

palani
2nd August 2014, 08:40 AM
Palani, you really should try to present some value in your posts.
Thanks for the suggestion. I frequently overlook the value of added value. Here for comparison is an action analogous to holding FRNs:

http://www.wildmud.com/ebay1/101a.jpg

And for Al Gore ... this is valuable information

http://images.soulpancake.s3.amazonaws.com/PHOTO_7043431_38346_18495499_main.jpg

palani
2nd August 2014, 09:05 AM
More value

http://the-spine.com/wp-content/uploads/2013/08/Annoying-People.jpg

KenJackson
10th August 2014, 12:43 PM
I think this story is an interesting and positive statement about the free market. She was so convinced that she would get what was advertised that she didn't even stop to analyze it. I can't imagine being quite that gullible, but I know I'm often guilty of buying things without questioning. I so frequently get what I payed for that I get sloppy. This woman did too.

Griping is part of the free market too. It lets others know not to trust this seller.



She might have purchased $61 billion Zimbabwe dollars instead with the same amount of FRNs. Would this have made her smarter?

That's relative. I paid $4.50 for a ten trillion Zimbabwe dollar note and I think I got a good deal. I posted it in my cube at work and have been surprised at which coworkers know what's coming.

And then there's the other guy. When he asked about it, I told him that's where America's headed. He gave me a horrified, "I can't believe you're a wacko"-look and bolted.