Question regarding: Would you sell a holed/damaged coin to a dealer who repairs them and sell them a

dthigpen

Would you sell a holed/damaged coin to a dealer who is known to be a coin doctor that repaired holed/damaged coins rather effectively and then marketed them as 'original' non-repaired coins to unknowledgable buyers?

I ask this because I know that a couple of the people who replied to the other 'coin doctor' thread have indeed done so and have left public record attesting to the fact, and in the process made more off the coin than the normal 'market value' for such a holed/damaged coin.

morgannut2

Actually I have a gripe with the services about calling unintentional scratches from circulation as damage---but aside from that point, the answers is absolutely not. Would you knowingly sell burgler tools to a thief, and from a practical point of view
not expect problems? (assuming you were a sociopath and didn't know right from wrong) I have some interesting coins with holes etc that I expect to have conserved/restored and properly holdered at ANACS with a net grade, or NCS as genuine in my collections

dthigpen

<< <i>I have some interesting coins with holes etc that I expect to have conserved/restored and properly holdered at ANACS with a net grade, or NCS as genuine in my collections >>



I'm curious, from your viewpoint, why do you desire for these coins to be 'restored' as opposed to putting them in your collection, holdered by ANACS or NCS, as holed?

morgannut2

In one case its a Seated Liberty Dollar that my Grandfather gave me and the reaction I got from great grandchild #1 was "EW" it's got a hole. If it looks attractive and "normal", #2 my get past their initial gut reaction long enough to understand the coin's real significance at some point in their life. Unfortunately children often equate conformity to value in an unsophisticated way.

mr1931S

No, I wouldn't want to participate in this dishonest activity. Bird-dog for a thief is not for me.

coinguy89

<< <i>No, I wouldn't want to participate in this dishonest activity. Bird-dog for a thief is not for me. >>



I agree. I would sell holed or damaged coins to others, letting them know they are holed and damaged before hand, and at deep discounts too.

MrEureka

I'd sell the coin to the doctor. Not that I approve of his activities, but why sell the coin for less to somebody else that is most likely going to sell the coin to the doctor? In other words, I'm not willing to leave money on the table just so I can delude myself that I'm saving some unknown dupe. Besides, maybe Dorkkarl will buy the plugged coin because he really REALLY likes it. Then, nobody gets duped.

dorkkarl

<< <i>Would you sell a holed/damaged coin to a dealer who is known to be a coin doctor that repaired holed/damaged coins rather effectively and then marketed them as 'original' non-repaired coins to unknowledgable buyers? >>

the coin doctors i know do NOT do that, & my answer would be "no".

the issue wouldn't be the repairing of the coins, but rather the "selling them as original".

i would gladly sell (or buy) coins to a coin doctor who repaired coins & sold them as "repaired".

K S