It did not bother me that the dealer called and informed me of his error. While some of you had a problem with that, I admittedly would have done the same thing if the roles had been reversed. The better I knew and the more business I did with the pother party, the less uncomfortable I would feel in doing so.
The other dealer was straight/honest with me - he could have made up a good story, but instead, simply admitted his mistake in a matter of fact way. I appreciate and respect honesty and think it's better to reward/encourage it than it is to penalize/discourage it.
I thought about paying the higher price and then having the coin re-graded, but decided that after the grading fee(s), the upside wasn't significant enough to mess with it.
My decision was not impacted by the fact that the coin was on consignment to that dealer.
I like the other dealer, but would have done the same even if I did not particularly care for him.
Fortunately, I had not already sold the coin or mentioned or offered it to a client. That could have been a much messier and more difficult situation to remedy.
One of the main things I wanted to illustrate in this thread is that is really is ok to let someone off the hook for an honest mistake, whether that person happens to be a dealer or non-dealer.
<< <i>give it back. Not worth the upgrade attempt at that price and there was no meeting of the minds. tell them they owe you lunch.
oh, and don't forget to bring it up each and every time you buy coins from them .... forever! >>
TDN has it just about right; after they bought me enough lunches to make up the difference I'd let it go, though.
I would never pay more after the fact no matter the circumstances. Otherwise I'd fear they'd attempt it in the future or would think I was "ripping" it in the first place. Certainly we all underpay at times but it's best to make it up with overpaying or more business.
If you believe that he made an error as he described then I would say #3 return the coin and ask only for the refund and repayment for the cost of shipping and insurance.
Comments
It did not bother me that the dealer called and informed me of his error. While some of you had a problem with that, I admittedly would have done the same thing if the roles had been reversed. The better I knew and the more business I did with the pother party, the less uncomfortable I would feel in doing so.
The other dealer was straight/honest with me - he could have made up a good story, but instead, simply admitted his mistake in a matter of fact way. I appreciate and respect honesty and think it's better to reward/encourage it than it is to penalize/discourage it.
I thought about paying the higher price and then having the coin re-graded, but decided that after the grading fee(s), the upside wasn't significant enough to mess with it.
My decision was not impacted by the fact that the coin was on consignment to that dealer.
I like the other dealer, but would have done the same even if I did not particularly care for him.
Fortunately, I had not already sold the coin or mentioned or offered it to a client. That could have been a much messier and more difficult situation to remedy.
One of the main things I wanted to illustrate in this thread is that is really is ok to let someone off the hook for an honest mistake, whether that person happens to be a dealer or non-dealer.
<< <i>give it back. Not worth the upgrade attempt at that price and there was no meeting of the minds. tell them they owe you lunch.
oh, and don't forget to bring it up each and every time you buy coins from them .... forever! >>
TDN has it just about right; after they bought me enough lunches to make up the difference I'd let it go, though.
I would never pay more after the fact no matter the circumstances. Otherwise I'd fear they'd attempt it in the future or would think I was "ripping" it in the first place. Certainly we all underpay at times but it's best to make it up with overpaying or more business.
Todd remembers you well.
People are what they are.
Zeros be damned.
My advice to others is like who you see in the mirror in the morning.
Given only the facts you gave, obviously 1 & 3 would be the wrong thing to do.
<< <i>A few additional questions:
1) Does/should it matter whether the coin was consigned to them or not?
2) Does/should it matter how much more the coin would be worth if it were to up-grade?
3) Does/should it matter what my relationship with the other dealer was? >>
These are all irrelevant. You are the one who has to live with it.