Skip to comments.Guy Buys $123 Safe on eBay, Finds Major Cash Inside
Posted on 01/22/2013 5:41:37 AM PST by rawhide
When James Labrecque listed an old safeto which he did not have the combinationon eBay, the seller warned, "What you see is what you get, no returns, and no money back." A Tennessee man purchased it for $122.93, had a welder cut it openand found $26,000 inside. The buyer shared the news with Labrecque via a positive review on the auction site, and Labrecque quickly attempted to convince the buyer to give him some of the cash, to no avail. In fact, WMC-TV reports, the buyer quoted Labrecque's own eBay disclaimer right back to him when turning him down.
"I made a mistake, you know, that's what it boils down to. And it cost me dearly," says Labrecque, who adds that he shook the safe and didn't think there was anything inside. "I feel like the stupidest idiot in the world.
I gave away a safe with $26,000 in it." He also insists that if he were in the buyer's place, he would have offered to split the cash 50/50 with the seller. "That's a chunk of change, you know. That's life-altering money."
I probably would not have bought a safe that had to be cut open in the first place!
I’d have given a tenth, or more............... to God’s work....
I know people that have portable imaging equipment, one phone call, a small exchange of courtesy monies and then I would definitely know if it was empty.
It could just have easily had a turd inside.....50/50....right?
Although I wouldn’t have an obligation to do so, because he did not demand anything I’d send the guy a thousand bucks (that’s less than half a “finder’s fee”) with a suggestion to use it to buy a couple bottles of a good single-malt to help him deal with his error.
I would have given half back, but he did say, “no returns,” so... legally, he’s not entitled to it.
Of course, I wouldn’t have been a doof and sold it unopened.
I know a guy in town here who bought house that use to be owned by a banker from the 1880’s. That house has a built-in vault with combination known. We keep telling him to get it opened, but he just shrugs and says he hasn’t gotten around to it yet.
First of all, I would not have informed the seller.
Second ... $26K isn't life altering money. It's a nice little windfall, but you would still have to get up and go to work the next day.
$123 to buy an old safe that might have been empty, and needed to be cut open, is a big risk of money.
Maybe the buyer felt he could crack the safe and had money to play with?
Be that as it may, would you keep all the money?
he wasnt willing to give back $122.93 to the buyer ...
so I doubt if he would have given him $13,000, one hundred times that...
Yeah sure he would have shared...
The buyer doesnt owe him a penny...
I would have done exactly what the buyer did. Seller was to cheap to pay someone to open the safe, he loses. Mr. Labrecque you are an idiot.
I would have kept the money as per the terms, “no returns”. I think the seller is indulging when he says that HE would have returned half the money. He would have done no such thing. This is the same situation as when someone buys a storage locker’s contents at auction for a thousand dollars or less and then finds a small fortune inside. No one should expect him to return any part of this unless he wants to do so as an act of personal generosity. When you sell a locked safe under those terms it is pure foolishness to ask for a return when you stated “no returns” in your ad. Next time he should say no returns...UNLESS there is something inside that I would want to have.
Why do folks who find free money set themselves up to be victimized by crooks and the government?
...but I repeat myself...
They need to SHUT UP!
The buyer was obviously thinking of the show “Storage Wars” when he bought the safe because it had to be destroyed to get in. Why share the money when he bought the safe ONLY to see what was inside? He took the risk with $122. The seller was probably thrilled when he got the $122. Simple.
What would I have done? Shop, shuffle and shut up, I guess. Certainly wouldn’t tell ebay, preypal, seller, and the whole darn internet. The IRS is probably on their way.
Always reading about people finding construction trash bags full of cash by the side of the road.
Still waiting to find my bag-o-bucks...
$13k is not life altering, except maybe in the very short run.
Pocketed the money
Tipped the welder
I would not have gloated to the seller, but in any event the buyer has no moral or legal reason to give any to the seller...the terms of the sale were clear and indeed made by the seller.
I would have done the split or give all the money back. Clearly it was a mistake. If I found it at the junk yard or purchased it from a 2nd hand store, I might do something differently.
I probably wouldn’t have bought it in the first place but if I did, I wouldn’t have said anything about what was in it, nor would I give part of it back to the seller. That doesn’t make any sense at all. The sale means the item and contents if any transferred from seller to buyer totally, not conditionally.
Darn tootin’ — for me that’s 3 years of income. Seriously life-altering money. Yet there are (financially) fortunate people who’d turn up their noses at it.
Probably not, but I'd definitely keep some. I'd be pretty annoyed if the guy wanted to thank me, give me a 50 buck reward, and get all the money back. I don't think I'd go along with that, but I might go along with 50/50, or even just keeping 25%.
And NOT tell a soul
Who is the real idiot?
The guy who sold the safe?
or the guy who disclosed the contents?
Now he has to pay taxes on that 26k
“or the guy who disclosed the contents?”
This story immediately made me thing of a graphic that floats around the internet of a World War II looking GI drinking a cup of coffee with the caption,
“How about a nice big cup of STFU!”
(For anyone that hasn’t seen it, ST = Shut the, you can guess the rest.)
Don't feed the monster...
You get the Kewpie Doll!
I wouldn’ have said a word about it. Now the IRS knows and he gets to pay his fair share to the piglets at the slop channel.
“Pocketed the money
Tipped the welder”
What we have here is a case of two morons.
One who couldn’t find a way to determine the contents of the safe and one who couldn’t find a way to keep his yapper shut.
Sell the destroyed safe for scrap
Waste not, Want not
If things keep going the way they are, by the end of Obama’s reign(2017?)that 13k will probably buy a sandwich and a quart of milk.
Now the IRS will know about it and want their cut as well....
I bought a ratty old electric guitar at a yard sale for $35.00.
I took the whole thing apart and found out that it was a 1984 USA Fender Phil Kubicki custom neck bolted onto an old Fender Mustang body.
I listed and sold each piece separately on eBay, for this:
Pieces and hardware package $19.95
In the hands of a collector, these were probably worth a lot more, but I was happy and so were my customers.
Do I need to locate the yard sale and give back money to the person who sold me the guitar?
I don’t think so.
It’s called capitalism.
> I wouldn have said a word about it. Now the IRS knows and he gets to pay his fair share to the piglets at the slop channel.
You know the government wields too much power when you can’t tell the difference between the IRS and the Mafia
This saturday on a pure impulsive whim I went into a Bargain Village thrift store and found an authentic and discontinued Sydney Oilskins full length drover in XXL size and in mint condition...for $30.
Just my size and I always wanted a good drover, they cost at least $160 or more.
Exactly. There’s the whole short term capital gain thing here. Ouch.
Well at least it wasn’t Al Capone’s safe. Geraldo must still be pissed
Down payment on a new truck or four months college for your kid. LOL
Question 1: Does anybody find it funny that the owner did not have or know the combination of the safe? Sounds like possible theft to me.
Question 2: How could you own a safe and not know what’s in it? I mean seriously. It’s not like someone passed away and their heirs would have sold it unless they’re complete idiots. They would have paid someone to cut it open too. If it was a safe left behind in a storage unit I would have thought the owner would have taken it with him unless he was a drug dealer and a piddly $26,000 wasn’t with much to him.
If you could do all that with 26K either you owe virtually nothing on your house or you don’t owe very much and your car is in worse shape than mine.
MEMPHIS, TN -
(WMC-TV) - UPDATE: The seller has added a new comment to his feedback page claiming that the buyer never found any money:
“He was playing a practical joke the safe was empty there wasnt any money in it.”
When one gets free money keep your mouth shut,it’s taxable.
Depending upon how “old” the money is, it might be worth more than face value. I hope the guy doesn’t just take it to the bank and deposit it.
Good point Larry. His first mistake was telling ANYONE about the cash he found. Now he will have to pay tax on it.
You can buy a lot of things with cash: groceries, big screen tvs, etc. What you do not want to do is go out and buy a new car and pay cash. Then they will think you are a drug dealer.
What would you have done?
That would be my take if it were a million dollars. There are all sorts of stories about someone buying a classic painting for a few bucks at a garage sale or money in a safe. That is what makes them kinda fun. It’s a grab bag and you never know when you might strike it rich. And the obvious assumption is that the seller does not consciously miss the valuable item/money.
The only caveat I have is if a young person threw Grandma’s locked box (with Grandma’s life savings inside) up on an auction or garage sale, and Grandma KNEW the money was there and counting on using it, if I were the purchaser and discovered the money, I would return every penny. It’s a subtle but key difference. Kinda like an extra oxygen atom turns necessary oxygen into poisonous ozone.
Second ... $26K isn’t life altering money.
That’s what I was thinking too. It was about 20 years ago that I realized how dumb it is to rob seven-eleven’s. I calculated what I’d probably get by doing it and compared it to what I made at my career.
To keep up my standard of living I’d have to rob a seven eleven every single day. Obviously I’m ignoring the moral problem, but it drives the point home about how petty crime really is “petty” crime.