Transactions and Pricing in Oil Collectibles

The video explores the McMahon Oil Company's history, starting with the grandfather's establishment in the 1940s. It transitions into a discussion about old pump inserts and sales, followed by negotiations for metal signs and porcelain BP tags. The video concludes with reflections on the day's deals and future business prospects.

Who started the McMahon Oil Company?

• The narrator's father

• The narrator

• The narrator's grandfather

• A business partner

What was the purpose of the old inserts from the pumps?

• To measure oil levels

• To show prices

• To provide lighting

• To display advertisements

How much was initially offered for the stack of old inserts?

• $150

• $50

• $75

• $100

What was the condition of the metal signs discussed?

• All were cleaned

• All were damaged

• Some were dirty, some were cleaned

• All were new

How many metal signs did the narrator agree to purchase?

• Five

• Six

• Seven

• Eight

What was the agreed price per metal sign?

• $15

• $20

• $30

• $25

What material were the BP tags made of?

• Porcelain

• Wood

• Metal

• Plastic

What was the final price agreed upon for the pair of BP tags?

• $100

• $75

• $50

• $25

Why was the price of the BP tags reduced?

• They were damaged

• They were duplicates

• The narrator spilled oil

• They were not needed

How did the narrator feel about the transactions at the end?

• Satisfied

• Disappointed

• Indifferent

• Regretful