Post
Topic
Board Lending
Re: Need Loan With Collateral
by
wilmoteardley
on 03/09/2021, 18:20:53 UTC
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.