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If you point someone to a coin priced below their minimum offer, do they owe a finder's fee?

airplanenutairplanenut Posts: 21,756 ✭✭✭✭✭

This is a hypothetical I've been thinking about (and not based on any dealings I've had). Every so often there is a BST post where someone is looking for one or more of something and offering to pay at least a specified minimum for the coin. If you own one, it's straight forward: the sell price is at least the minimum. What if you simply point them to one you don't own?

Let's say the minimum price is $500. If you find one for sale for $450 do they owe you $50 for pointing it out? If it's only $200 do they owe you $300? Or if you point them to the coin do they just owe you a thank you or maybe a nominal fee unrelated to their minimum price?

JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research


  • moursundmoursund Posts: 3,207 ✭✭✭✭✭

    Maybe a better question, should they offer a finders fee?

    100th pint of blood donated 7/19/2022 B) . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
  • csdotcsdot Posts: 654 ✭✭✭✭

    In the off chance this is a serious post and not an attempt at humor, the answer is treat people the way you would like to be treated. In other words, just do it to be nice, not to make money.

  • CryptoCrypto Posts: 3,118 ✭✭✭✭✭

    If you are a dealer you buy it and then sell it, if you are a friend you just make the connection

  • Jzyskowski1Jzyskowski1 Posts: 6,651 ✭✭✭✭✭
    edited December 5, 2021 3:14PM

    I think airplanenut is fun-in us.
    “Golden Rule.” Pretty simple (even has “gold”right in it. )😉

    🎶 shout shout, let it all out 🎶

  • johnny9434johnny9434 Posts: 26,999 ✭✭✭✭✭

    No but someone might do you the favor one day, just saying

  • LakesammmanLakesammman Posts: 17,187 ✭✭✭✭✭

    Only if you've worked out such an agreement ahead of time.

    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko.
  • 291fifth291fifth Posts: 23,717 ✭✭✭✭✭


    All glory is fleeting.
  • philographerphilographer Posts: 1,309 ✭✭✭✭✭

    Good karma

    He who knows he has enough is rich.

  • logger7logger7 Posts: 7,765 ✭✭✭✭✭
    edited December 6, 2021 8:01AM

    You have to do a lot of pro bono work in this hobby and have to shake off expectations sometimes. . No big deal.

  • PillarDollarCollectorPillarDollarCollector Posts: 4,204 ✭✭✭✭✭

    No....it is always good to help fellow collectors.

    Interest: Latin American history with an emphasis on colonial Mexico & Peru

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    Thank you Lord for another beautiful day!!!

  • HATTRICKHATTRICK Posts: 2,060 ✭✭✭✭✭

    definitely a no. remember the motto "All for one" and "All for one " oops "One for all"
    Please excuse my lexdyxia.

    " If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
  • U1chicagoU1chicago Posts: 5,328 ✭✭✭✭✭

    @johnny9434 said:
    No but someone might do you the favor one day, just saying

    Very true. I've connected people with items they were looking for simply to help a fellow collector. A few very kind individuals returned the favor (it was very appreciated but obviously not necessary).

  • MsMorrisineMsMorrisine Posts: 31,832 ✭✭✭✭✭
    edited December 5, 2021 7:14PM

    If you point someone to savings, do they owe you a finder’s fee?

    Do you expect or can expect a finder’s fee?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • spacehaydukespacehayduke Posts: 5,064 ✭✭✭✭✭

    NO You should be happy to help a fellow numismatist..............

    Successful transactions with-Boosibri,lkeigwin,TomB,Broadstruck,coinsarefun,Type2,jom,ProfLiz, UltraHighRelief,Barndog,EXOJUNKIE,ldhair,fivecents,paesan,Crusty...
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  • jesbrokenjesbroken Posts: 8,699 ✭✭✭✭✭

    Were a dealer to be contacted by a customer and was asked to find a certain coin/condition for $X then if you found them said coin, a bargain would have been struck and the answer to the question is yes. If you just saw where someone wanted/needed said coin at $X price and you told them about it, I would hope it would be as a forum member assistance and be gratis. I recently did just that, found a coin someone needed and they were appreciative and offered a gift, I said no. I have looked many times for various items forum members mentioned they wanted/needed and have always passed it on via pm's and never considered a fee for this.

    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

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  • Type2Type2 Posts: 13,985 ✭✭✭✭✭

    A simple thank you is good enough for me.

    Hoard the keys.
  • SonnyDSonnyD Posts: 190 ✭✭✭

    I don't assume the gratuity... courtesy costs nothing. Although "bird dog" fees are not uncommon in my circle. We appreciate a good lead and throw a little something their way, might be cash might just be a deal on a coin you liked. Scratch my back I'll scratch yours.

    Ounce by ounce the stack grows .

  • ZoinsZoins Posts: 33,726 ✭✭✭✭✭
    edited December 6, 2021 1:22AM

    Where’s that book again?

    How Not to Win Friends and Influence People ;)

    Answer is no, no finder fee due, unless agreed upon beforehand.

  • jmlanzafjmlanzaf Posts: 30,307 ✭✭✭✭✭

    I think the problem is the word "owe". There's no obligation that's different over whether someone might offer.

    If you help a little old lady with her groceries, she doesn't owe you anything. But it would be a nice gesture if she offered you a cup of coffee or something

  • MarkKelleyMarkKelley Posts: 1,669 ✭✭✭✭✭

    We're all supposed to be friends here. Finders' fees (in my opinion) are neither expected nor necessary.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I just do such things as a friendly gesture to fellow collectors. And it has been done for me as well. Cheers, RickO

  • PerryHallPerryHall Posts: 44,829 ✭✭✭✭✭

    @Jzyskowski1 said:
    I think airplanenut is fun-in us.

    After re-reading his opening post, I think he was being serious.

    Worry is the interest you pay on a debt you may not owe.

  • Jzyskowski1Jzyskowski1 Posts: 6,651 ✭✭✭✭✭

    @PerryHall said:

    @Jzyskowski1 said:
    I think airplanenut is fun-in us.

    After re-reading his opening post, I think he was being serious.


    🎶 shout shout, let it all out 🎶

  • rec78rec78 Posts: 5,623 ✭✭✭✭✭

    I don't know if I would "Owe" it. But I certainly would pay it.

  • WaterSportWaterSport Posts: 6,655 ✭✭✭✭✭

    No - I would hope they would do the same for me someday down the road.


    Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
  • pcgscacgoldpcgscacgold Posts: 2,510 ✭✭✭✭✭

    I spend a little too much time online. I come across things. I PM those that collect what I find. Have always received a "Thank You" and am happy with that. I would never consider charging someone and would not accept payment.

  • WalkerfanWalkerfan Posts: 8,662 ✭✭✭✭✭

    I wouldn’t expect it.

    “I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~

    My Full Walker Registry Set:


  • WAYNEASWAYNEAS Posts: 6,117 ✭✭✭✭✭

    When I do something like this, I do expect something in return.
    A simple Thanks works every time.

    Kennedys are my quest...

  • HATTRICKHATTRICK Posts: 2,060 ✭✭✭✭✭

    One of the many benefits of this forum is the exchange of information that helps other members with many parts of their collecting whether it is general info, pricing or where to find the best or safest deal. Most of us enjoy providing what info we can free of charge. I have learned much from this forum and would happily provide any help I could for another member free of charge but if I am selling it will cost you. :)

    " If you push something hard enough, it will fall over. " The 1st Law of Opposition from The Firesign Theater
  • YQQYQQ Posts: 3,239 ✭✭✭✭✭

    NO, the benefactor should consider paying it FWD!!!!
    Perhaps a small bottle of favorite scotch, a chocolate bar etc.. in the mail around x-mas? would be a much better reward than $$$
    just saying

    Today is the first day of the rest of my life
  • airplanenutairplanenut Posts: 21,756 ✭✭✭✭✭

    @PerryHall said:

    @Jzyskowski1 said:
    I think airplanenut is fun-in us.

    After re-reading his opening post, I think he was being serious.

    I think up all sorts of random stuff. Sometimes I know my answer but can also come up with a rationale for the other side, even if it’s not what I would do. So yes I was serious in wondering how others think, but I try to not show my hand when I ask a question like this; my asking shouldn’t imply that I think anything is owed, though I was genuinely curious if anyone would defend that side. I’ve been the beneficiary of kind actions in the numismatic community (the board and beyond) and certainly hope I can help someone else, as well. Rereading what I wrote, perhaps the word “owe” wasn’t quite the right word for what was going on in my mind, but seeing as no one defended that side, I don’t think there’s any need to deal with the semantics.

    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research

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