Thanks Barry! My point that I've been trying to make is that your initial post was not 100% correct. I am in no manner defending the dealer. I could expose some dealers here myself, but won't because I don't want to divulge names !
How sad! We keep changing comoddities. I thought this was about a coin!
That's the point -- "dealers" know their products. A car dealer knows the prices on the lot, and coin dealers who specialize in a series know the price of the keys. And the absurdity of the car dealer example shows it's equally absurd for the coin dealer. Both know what they're doing.
Absent education, the coin collector would have been taken for over $20 grand. A good lesson and a sad commentary on the hobby -- you can't rely on professional ethics.
I suspect that Ira knew the coin was too cheap at $2500 but also couldn't imagine the coin was being priced at 25K. Maybe he thought the coin was worth only 5-10K. What do you do when you don't know what you've been quoted? You don't want to tip your hand. Every dealer has been in that position before. Perhaps a more graceful response than a fistful of hundreds would have been "You only want $25?" and a wink. Back and forth with "How much do you REALLY want?" and so on until the truth came out.
And for those of you that think I'm being too easy on Ira, remember, Barry said that they had done business before. Most probably, Ira knows that Barry is not a fool. So why would he INTENTIONALLY do something that he could be sure would only piss Barry off?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
One more question. No answer required. Just answer to yourself, honestly. Would YOU have known that a 74-CC dime in ANACS 50 could possibly be worth 25K? After all, it's only a circ Seated Dime...
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Maybe he thought the coin was worth only 5-10K. What do you do when you don't know what you've been quoted? You don't want to tip your hand. Every dealer has been in that position before. Perhaps a more graceful response . . . .
I've got to admit that's a pretty artful defense. I'm not sold on it, but that was good enough that I can't reject it out-of hand.
Edited to add: no sarcasm, either. If I was the dealer, I'd adopt your line of reasoning verbatim.
Were you genuinely interested to sell the coin to Ira? And did you think he was a legitimate buyer of a coin of this value?
Union >>
I showed the coin to Ira and one other dealer. I don't know the other guy's name, except I do know he's from Brooklyn and sometimes shares a table with Ira at Baltimore. Both these guys have Seated and Bust coins as the majority of their inventory. I've bought from both of them in the past
There were 30+ other dealers at the show to whom I did NOT even consider showing the coin, based on their inventory (Morgans, state quarters, etc.) I suspect if I showed the coin to some of them and said "25," they might have thought 25 drachmas was the price.
I was genuinely interested in selling the coin. In all honesty, I didn't know if the coin was out of their league or not. One way to find out is ask. Right? I showed the coin to the other guy first. He looked at the coin and asked me for a price. I said 25. He responded "how many zeros?" When I said 3, he politely declined.
When I got to Ira's table, same routine, except he didn't ask how many zeros. Ira showed me one coin in his case marked $22K (a CC Seated Dollar) and had several others in his case in the $5-10K range, so he should be a legitmate buyer.
I would have thought thousands. I do not collect or often trade in rare date seated material. If I had a table, was interested in the coin, and looked at a price guide there would be no doubt. Am I missing something? K
<< <i>I would have thought thousands. I do not collect or often trade in rare date seated material. If I had a table, was interested in the coin, and looked at a price guide there would be no doubt. Am I missing something? K >>
<< <i>Who is assuming anything? If you're going to do a thread tearing anyone up, at least state truthful facts and don't assume chit!!! >>
In all honesty Ken, you are assuming. Barry said 25. YOU assumed $25. He also didn't lie. He never said $25. In fact, he stated later in the post $2500.
I don't want to beat a dead horse on this, but we typically talk "shortisms" in our hobby. For example, does this coin have a shot at a 7?
Certainly I mean PR67, but this is not stated. The first mention of "25" and how this played out is what made this post interesting in the first place.
The most interesting thing about this thread is the fact that a veteran coin dealer may have thought that Barry only wanted $2500 for his coin. Could it be that that's a red flag that the coin has substantial downside at 25K?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Who is assuming anything? If you're going to do a thread tearing anyone up, at least state truthful facts and don't assume chit!!! >>
In all honesty Ken, you are assuming. Barry said 25. YOU assumed $25. He also didn't lie. He never said $25. In fact, he stated later in the post $2500.
I don't want to beat a dead horse on this, but we typically talk "shortisms" in our hobby. For example, does this coin have a shot at a 7?
Certainly I mean PR67, but this is not stated. The first mention of "25" and how this played out is what made this post interesting in the first place. >>
I went back and read it again. No, I didn't assume anything. It's still there!....Me: Twenty Five
If there was any misunderstanding, the dealer should have asked "twenty five what?" Maybe Barry needed 25 sheets of paper to write a letter to someone. Maybe he was hungry and wanted 25 pretzels that the dealer was eating. He certainly didn't say twenty five dollars. The "dollars" has been assumed by others. If the dealer was not sure of the units even after looking at the CDN, then clarification should have been requested by the dealer.
The one thing missing in the original post is that Barry DID NOT say that Ira looked at the sheet. (He mentioned that later.) But still, I don't collect that type of material and I know the 74-CC is a serious rarity that isn't going to be $25 in any grade. (Even AG with a hole in it.) I was surprised when he said three zeros, I thought he meant $2500. But I'm not a dealer regularly handling rare seated material. Ira seems to be and so would KNOW that he didn't mean $25 or even $2500.
You know Barry, I was going to post a serious comment about this situation, but am a little turned off by the anti-gun remark so I'm going to pass. Is that really necessary in a discussion like this?
<< <i>You know Barry, I was going to post a serious comment about this situation, but am a little turned off by the anti-gun remark so I'm going to pass. Is that really necessary in a discussion like this? >>
It's a Democratic tactic called "smoke and mirrors."It diverts attention from the real problem, in this case, being unable to communicate!
Nic: I would have thought thousands. I do not collect or often trade in rare date seated material. If I had a table, was interested in the coin, and looked at a price guide there would be no doubt. Am I missing something?
Conder101: But still, I don't collect that type of material and I know the 74-CC is a serious rarity that isn't going to be $25 in any grade. (Even AG with a hole in it.) I was surprised when he said three zeros, I thought he meant $2500.
My real reaction is somewhere between Nic and Conder101. Perhaps, I know it is a serious rarity having seen Barry post his (?) new one on these boards.
Some are critical of Barry's lack of use of units when he said the price: twenty-five. As a infrequent seller and someone who goes to a few shows per year, I would feel uncomfortable saying "twenty-five thousand dollars" in a roomful of strangers. (Fortunately for me, I am at no risk of having to do so anytime soon. ) Perhaps Barry felt the same way. One possible lesson from the collector-seller perspective is to bring a notecard with the price that you are looking for written on it. You can even write Greysheet, Trends, and recent auction reference on it to give the dealer-buyer a frame of reference for your asking price.
Another possible lesson is not to bring an expensive coin to sell at a local (not national) show. My impression is that these are primarily for retail sales (but I am willing to be wrong on that point). I would not dream of trying to sell my most valuable coin at the the biannual St. Louis airport show because I know I would get considerably more from a national dealer/specialist.
Finally, I am not so sure that the dealer was trying to rip Barry. It happenned pretty fast. Maybe IRA looked at the wrong Greysheet line. And Barry was the one who stated the (allegedly) ambiguous price. It seems less of a "rip" to me if a knowledgeable collector is willing to leave a large amount of money on the table than the stereotypical "old widow". If the old widow was offered $25 (no zeroes) for it, that would be criminal. What if she was offered $2500?
1) A lot of folks don't know pricing on seated Liberty stuff but posted to the thread anyway 2) That saying about not knowing anything best to keep quiet rather than confirm that suspicion comes to mind 3) Another dealer got drug through the mud 4) The gun nuts interfer in another thread 5) None of the above matters much
Why I'm not in the hunt for a 74cc dime at $20K I knew immediately that 25 meant $25K and nothing else. Yes, it's a big time rarity, the king of rare-date collectable seated coins (better than the 78-s imo). I'm sure the dealer with major seated coins in his case knew that too. And on the flip side, 95% of dealers out there who don't know seated by date, would have figured $2500. But in this case it was clear to both parties who each other was. I may have well said "25" myself if it were my own coin. I prefer not shouting out "25 THOUSAND BIG ONES" to anyone within hearing distance, esp if this were a lower-key show.
74cc is a major rarity is undamaged AU and someday (10 years?) you're probably looking at a $35-50,000 coin. They just aren't out there.
You know Barry, I was going to post a serious comment about this situation, but am a little turned off by the anti-gun remark so I'm going to pass. Is that really necessary in a discussion like this?
Eric,
I was going to respond to your response to Barry, but I find the cat in your sig line offensive, so I am going to pass. Do we really need that feline in our coin message board? I mean, if it were a dog, that would be one thing...
At the very least, cats are good for learning anatomy. Dissecting one in high school was probably the first step in my path toward being a vegetarian ("pansy", as I was called earlier ). It's just like chicken!
<< <i>At the very least, cats are good for learning anatomy. Dissecting one in high school was probably the first step in my path toward being a vegetarian ("pansy", as I was called earlier ). It's just like chicken! >>
I guess I just like animals in general but am a serious cat person. I can't believe how some people can hurt any of them.
I don't think you should waste your time trying to defend yourself anymore. I enjoyed your story and feel you should just walk away from this whole thread.
Seems some people around here like to argue their point just for the state of arguing. I've seem it from time to time on these threads and it gets tedious. Someone "looks" suspicious, someone is bidding the wrong way, some doesn't use the "right" word. Gimme a break!
Can't we just get along and enjoy each other's keystrokes and pics?
I still surf the forum though because a lot of you guys and gals have taught me volumes of information.
I don't think you should waste your time trying to defend yourself anymore. I enjoyed your story and feel you should just walk away from this whole thread.
Seems some people around here like to argue their point just for the state of arguing. I've seem it from time to time on these threads and it gets tedious. Someone "looks" suspicious, someone is bidding the wrong way, some doesn't use the "right" word. Gimme a break!
Can't we just get along and enjoy each other's keystrokes and pics?
I still surf the forum though because a lot of you guys and gals have taught me volumes of information. >>
I hope you learned the same thing here that I did. That being that it's ok to assume that everyone knows all coins, numismatic terms, and has price lists lying in front of them at all times to refer to because other people neglect to put basic language and common sense to use. And, slams about gun butts come only from people that lack brains!
I suspect that Ira knew the coin was too cheap at $2500 but also couldn't imagine the coin was being priced at 25K. Maybe he thought the coin was worth only 5-10K. What do you do when you don't know what you've been quoted? You don't want to tip your hand. Every dealer has been in that position before. Perhaps a more graceful response than a fistful of hundreds would have been "You only want $25?" and a wink. Back and forth with "How much do you REALLY want?" and so on until the truth came out.
I'm leaning more and more toward this very reasonable explanation ... particularly in light of the coin being NET GRADED to XF40 for corrosion [a pertinent fact mentioned nowhere in this thread]. ebay auction
What's bid for XF? How much do you take off for the coin being an ANACS net grade? I know as a buyer trying to make a profit in a reasonable amount of time I'd be rather conservative and want to buy it in the VF+ range ... what's bid for that grade?
Well, those prices are true - but a dealer looking at the sheets doesn't see those prices. He sees what's listed and this goes thru his mind:
Rare date XF40 ANACS holder Net graded for corrosion
and thinks VF+.
[edited to add: I'm not questioning the market value of the coin ... I did a little research of my own and I agree with you. But I don't think your thread was fair at all to the dealer. I think Andy's analysis is spot on.]
Any dealer specializing in Seated knows the prices, and it might as well be a sheet of toilet paper he's looking at as a guide. This guy knows his prices.
I sold a 74-CC to Steve Elwood a few years ago. Steve, correct me if I'm wrong, but I believe the price was about 50% over sheet. Not once did Steve say to me "but the sheet is $XX dollars." He knew that I knew that the sheets aren't anywhere near the ballpark for this coin. The dealer in this thread knows the same thing.
There are 3 MS 74-CC dimes in existence (2 PCGS and 2 NGC, one of which is a cross/dupe). There is a solitary AU between PCGS and NGC, which is an NGC 53. I own it and paid $29(K) at ANR auction. So, the sheets should list the AU price at $29K, shouldn't they, since it's the only one?
I don't suppose you'd sell any of your Trade Dollars at sheet (assuming their grades are listed), would you?
I can't imagine walking up to a dealer's case that has a number of seated coins priced at four and five figures...and him not know that the 74-CC is the king and that rare seated coins are trading at huge premiums over the sheet. Really, I have no doubt such a dealer would know that the coin would be some solid five-figure number without even looking at the price sheets.
You clarified in a later post that he looked at the sheet. And, I'm not sure I'd be keen myself to utter the words "twenty-five thousand" at a small show for obvious reasons.
I find the story humorous and appreciate you posting it.
JoyofCollecting - You hit the nail on the head in all respects:
1. The dealer knew what he was looking at. I presumed he looked at the sheets to use it as a negotiating tool, full-well knowing the sheets aren't even close for this coin.
2. A small show has no security and uttering "twenty-five thousand" when someone 3 feet away at the next table is looking at SAEs or State Quarters does not create a great comfort level for me.
I've received a number of PMs from people who, like you, understand completely, and agree with me (and can't believe some others just don't get it). Then, there are others who just like to try and make people squirm.
Holy cow...a 100 post thread on nothing new. This happens everyday at every show across the country. Dealers live for the rip and a rip of this magnetude would bring a huge roar of laughter between dealers over a few beers. It is no surprise that the dealers here have tried to justify the attemped rip by putting the blame on you, and/or saying it must have been a simple mis-understanding. What a crock. If this guy has those others in his case he knows exactly what yours is worth, or he is an idiot.
Barry, the folks who are steering the blame to you are trying to hide the truth, or simply don't get it. Thanks for posting you story.
Comments
Were you genuinely interested to sell the coin to Ira? And did you think he was a legitimate buyer of a coin of this value?
Union
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
if I handed you my '56 Flyer and told you 10.
would you think I meant 10.00?
Don't think so.
That's the point -- "dealers" know their products. A car dealer knows the prices on the lot, and coin dealers who specialize in a series know the price of the keys. And the absurdity of the car dealer example shows it's equally absurd for the coin dealer. Both know what they're doing.
Absent education, the coin collector would have been taken for over $20 grand. A good lesson and a sad commentary on the hobby -- you can't rely on professional ethics.
And for those of you that think I'm being too easy on Ira, remember, Barry said that they had done business before. Most probably, Ira knows that Barry is not a fool. So why would he INTENTIONALLY do something that he could be sure would only piss Barry off?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I've got to admit that's a pretty artful defense. I'm not sold on it, but that was good enough that I can't reject it out-of hand.
Edited to add: no sarcasm, either. If I was the dealer, I'd adopt your line of reasoning verbatim.
<< <i>Barry -
Were you genuinely interested to sell the coin to Ira? And did you think he was a legitimate buyer of a coin of this value?
Union >>
I showed the coin to Ira and one other dealer. I don't know the other guy's name, except I do know he's from Brooklyn and sometimes shares a table with Ira at Baltimore. Both these guys have Seated and Bust coins as the majority of their inventory. I've bought from both of them in the past
There were 30+ other dealers at the show to whom I did NOT even consider showing the coin, based on their inventory (Morgans, state quarters, etc.) I suspect if I showed the coin to some of them and said "25," they might have thought 25 drachmas was the price.
I was genuinely interested in selling the coin. In all honesty, I didn't know if the coin was out of their league or not. One way to find out is ask. Right? I showed the coin to the other guy first. He looked at the coin and asked me for a price. I said 25. He responded "how many zeros?" When I said 3, he politely declined.
When I got to Ira's table, same routine, except he didn't ask how many zeros. Ira showed me one coin in his case marked $22K (a CC Seated Dollar) and had several others in his case in the $5-10K range, so he should be a legitmate buyer.
<< <i>Why not just say $25k and avoid the whole situation? >>
Next time, I will. Live and learn!
K
My 1866 Philly Mint Set
<< <i>I would have thought thousands. I do not collect or often trade in rare date seated material. If I had a table, was interested in the coin, and looked at a price guide there would be no doubt. Am I missing something?
K >>
Just $24975 .............
<< <i>Who is assuming anything? If you're going to do a thread tearing anyone up, at least state truthful facts and don't assume chit!!! >>
In all honesty Ken, you are assuming. Barry said 25. YOU assumed $25. He also didn't lie. He never said $25. In fact, he stated later in the post $2500.
I don't want to beat a dead horse on this, but we typically talk "shortisms" in our hobby. For example, does this coin have a shot at a 7?
Certainly I mean PR67, but this is not stated.
The first mention of "25" and how this played out is what made this post interesting in the first place.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>
<< <i>Who is assuming anything? If you're going to do a thread tearing anyone up, at least state truthful facts and don't assume chit!!! >>
In all honesty Ken, you are assuming. Barry said 25. YOU assumed $25. He also didn't lie. He never said $25. In fact, he stated later in the post $2500.
I don't want to beat a dead horse on this, but we typically talk "shortisms" in our hobby. For example, does this coin have a shot at a 7?
Certainly I mean PR67, but this is not stated.
The first mention of "25" and how this played out is what made this post interesting in the first place. >>
I went back and read it again. No, I didn't assume anything. It's still there!....Me: Twenty Five
PS, I like to deal in realisms!
Hmmm...
Ira looked at the CDN?
In that case, what's "bid"? 25K?
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Just for clarification, that's 21,000 US dollars.
I don't know how many drachma that is.
Check out the Southern Gold Society
edited to correct a name.
<< <i>You know Barry, I was going to post a serious comment about this situation, but am a little turned off by the anti-gun remark so I'm going to pass. Is that really necessary in a discussion like this? >>
It's a Democratic tactic called "smoke and mirrors."It diverts attention from the real problem, in this case, being unable to communicate!
Your 1794 what?
Nic: I would have thought thousands. I do not collect or often trade in rare date seated material. If I had a table, was interested in the coin, and looked at a price guide there would be no doubt. Am I missing something?
Conder101: But still, I don't collect that type of material and I know the 74-CC is a serious rarity that isn't going to be $25 in any grade. (Even AG with a hole in it.) I was surprised when he said three zeros, I thought he meant $2500.
My real reaction is somewhere between Nic and Conder101. Perhaps, I know it is a serious rarity having seen Barry post his (?) new one on these boards.
Some are critical of Barry's lack of use of units when he said the price: twenty-five. As a infrequent seller and someone who goes to a few shows per year, I would feel uncomfortable saying "twenty-five thousand dollars" in a roomful of strangers. (Fortunately for me, I am at no risk of having to do so anytime soon.
Another possible lesson is not to bring an expensive coin to sell at a local (not national) show. My impression is that these are primarily for retail sales (but I am willing to be wrong on that point). I would not dream of trying to sell my most valuable coin at the the biannual St. Louis airport show because I know I would get considerably more from a national dealer/specialist.
Finally, I am not so sure that the dealer was trying to rip Barry. It happenned pretty fast. Maybe IRA looked at the wrong Greysheet line. And Barry was the one who stated the (allegedly) ambiguous price. It seems less of a "rip" to me if a knowledgeable collector is willing to leave a large amount of money on the table than the stereotypical "old widow". If the old widow was offered $25 (no zeroes) for it, that would be criminal. What if she was offered $2500?
1) A lot of folks don't know pricing on seated Liberty stuff but posted to the thread anyway
2) That saying about not knowing anything best to keep quiet rather than confirm that suspicion comes to mind
3) Another dealer got drug through the mud
4) The gun nuts interfer in another thread
5) None of the above matters much
I post on a lot of topics that I do not know about.
<< <i>A lot of folks don't know pricing on seated Liberty stuff but posted to the thread anyway.
I post on a lot of topics that I do not know about.
So did I! Maybe CU will have to designate private threads just like ebay has private auctions!
<< <i>A lot of folks don't know pricing on seated Liberty stuff but posted to the thread anyway.
I post on a lot of topics that I do not know about.
......but we already knew that.
<< <i>4) The gun nuts interfer in another thread >>
Excuse me, it was an anti-gun comment that brought this up in the thread, by the original poster. Get your facts straight.
I'm sure the dealer with major seated coins in his case knew that too. And on the flip side, 95% of dealers out there who don't know seated by date, would have figured $2500. But in this case it was clear to both parties who each other was. I may have well said "25" myself if it were my own coin. I prefer not shouting out
"25 THOUSAND BIG ONES" to anyone within hearing distance, esp if this were a lower-key show.
74cc is a major rarity is undamaged AU and someday (10 years?) you're probably looking at a $35-50,000 coin. They just aren't out there.
roadrunner
Eric,
I was going to respond to your response to Barry, but I find the cat in your sig line offensive, so I am going to pass. Do we really need that feline in our coin message board? I mean, if it were a dog, that would be one thing...
IT SAYS IT ALL!
Cat's rule!
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>At the very least, cats are good for learning anatomy. Dissecting one in high school was probably the first step in my path toward being a vegetarian ("pansy", as I was called earlier
I guess I just like animals in general but am a serious cat person. I can't believe how some people can hurt any of them.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I don't think you should waste your time trying to defend yourself anymore. I enjoyed your story and
feel you should just walk away from this whole thread.
Seems some people around here like to argue their point just for the state of arguing. I've seem it from
time to time on these threads and it gets tedious. Someone "looks" suspicious, someone is bidding the wrong way,
some doesn't use the "right" word. Gimme a break!
Can't we just get along and enjoy each other's keystrokes and pics?
I still surf the forum though because a lot of you guys and gals have taught me volumes of information.
<< <i>Barry,
I don't think you should waste your time trying to defend yourself anymore. I enjoyed your story and
feel you should just walk away from this whole thread.
Seems some people around here like to argue their point just for the state of arguing. I've seem it from
time to time on these threads and it gets tedious. Someone "looks" suspicious, someone is bidding the wrong way,
some doesn't use the "right" word. Gimme a break!
Can't we just get along and enjoy each other's keystrokes and pics?
I still surf the forum though because a lot of you guys and gals have taught me volumes of information. >>
I hope you learned the same thing here that I did. That being that it's ok to assume that everyone knows all coins, numismatic terms, and has price lists lying in front of them at all times to refer to because other people neglect to put basic language and common sense to use. And, slams about gun butts come only from people that lack brains!
I'm leaning more and more toward this very reasonable explanation ... particularly in light of the coin being NET GRADED to XF40 for corrosion [a pertinent fact mentioned nowhere in this thread]. ebay auction
What's bid for XF? How much do you take off for the coin being an ANACS net grade? I know as a buyer trying to make a profit in a reasonable amount of time I'd be rather conservative and want to buy it in the VF+ range ... what's bid for that grade?
WH
This didn't cut and paste real cleanly, but here are the last 2 74-CC dimes with similar grades from Heritage's archives:
30161 Seated Dimes
1874-CC 10C Arrows--Corroded--ANACS. AU Details, Net XF40.... Signature ANACS XF40 January 15, 2005 $23,000.00
6403 Seated Dimes
1874-CC 10C Arrows XF45 ANACS. The apple-green ... Signature ANACS XF45 September 20, 2003 $28,175.00
Count your zeros...
Rare date
XF40
ANACS holder
Net graded for corrosion
and thinks VF+.
[edited to add: I'm not questioning the market value of the coin ... I did a little research of my own and I agree with you. But I don't think your thread was fair at all to the dealer. I think Andy's analysis is spot on.]
I sold a 74-CC to Steve Elwood a few years ago. Steve, correct me if I'm wrong, but I believe the price was about 50% over sheet. Not once did Steve say to me "but the sheet is $XX dollars." He knew that I knew that the sheets aren't anywhere near the ballpark for this coin. The dealer in this thread knows the same thing.
There are 3 MS 74-CC dimes in existence (2 PCGS and 2 NGC, one of which is a cross/dupe). There is a solitary AU between PCGS and NGC, which is an NGC 53. I own it and paid $29(K) at ANR auction. So, the sheets should list the AU price at $29K, shouldn't they, since it's the only one?
I don't suppose you'd sell any of your Trade Dollars at sheet (assuming their grades are listed), would you?
I can't imagine walking up to a dealer's case that has a number of seated coins priced at four and five figures...and him not know that the 74-CC is the king and that rare seated coins are trading at huge premiums over the sheet. Really, I have no doubt such a dealer would know that the coin would be some solid five-figure number without even looking at the price sheets.
You clarified in a later post that he looked at the sheet. And, I'm not sure I'd be keen myself to utter the words "twenty-five thousand" at a small show for obvious reasons.
I find the story humorous and appreciate you posting it.
1. The dealer knew what he was looking at. I presumed he looked at the sheets to use it as a negotiating tool, full-well knowing the sheets aren't even close for this coin.
2. A small show has no security and uttering "twenty-five thousand" when someone 3 feet away at the next table is looking at SAEs or State Quarters does not create a great comfort level for me.
I've received a number of PMs from people who, like you, understand completely, and agree with me (and can't believe some others just don't get it). Then, there are others who just like to try and make people squirm.
Barry, the folks who are steering the blame to you are trying to hide the truth, or simply don't get it. Thanks for posting you story.