Dealers watch out for this crook! Bad Checks UPDATE PHOTOS!

amwldcoin · September 7, 2015 11:02PM

Michael Sather

Larry Briggs took a bad $30,000 check from him in Dublin,Ohio.

The crook got the following 3 coins:

1859 Seated Dollar Raw Proof
1862 Seated Dollar Raw Proof with Lilac Toning
1798 Bust Dollar Unc 3 Bagmarks stairstepping Doen Neck-Chin

He was also reported to have been trying to sell coins at a shop 30 days ago for Cash. This gives hope the right shop will be offered the coins.

TopographicOceans · September 7, 2015 11:41PM

I'm not sure why anyone would accept an IOU bank draft from a stranger for that kind of money?

oih82w8 · September 7, 2015 11:45PM

"If" I was to take a check from someone I did not know, it would have to clear before they took possession of the item.

Cougar1978 · September 8, 2015 12:31AM

thanks for sharing.

While I may take a check, I do not ship the item until check clears. At a show I don't take checks - payment is expected in cash or some combo of cash / trade material; afterall its a money show.

Unknown · September 8, 2015 12:55AM

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TwoSides2aCoin · September 8, 2015 1:11AM

A "SMUG" shot, low blow and no "you suck" to be found.

numisma · September 8, 2015 1:18AM

<< Michael Sather

Larry Briggs took a bad $30,000 check from him in Dublin,Ohio. >>

That is terrible news. So, if he bought stuff from Larry, can you post the coin(s) so that other dealers and forum members can be on the lookout? The point is that he will have to sell whatever he bought from Larry in order to realize a financial gain. My guess is that he is going to sell sooner than later. Maybe to a small town coin shops, or on the other end of the spectrum, eBay. I hope it wasn't bullion.

golden · September 8, 2015 1:19AM

<< "If" I was to take a check from someone I did not know, it would have to clear before they took possession of the item. >>

LanceNewmanOCC · September 8, 2015 1:46AM

.
while i was there, someone was caught stealing. a nice change from the usual (seemingly) axiom,"they got away."

that show was much smaller than i expected. saw tons of people i knew though. tons of good conversation and sharing.
.

CoinZip · September 8, 2015 1:54AM

I was at the Ohio State Show too Lance

Here are photos of the coins that were paid for with a bad check.

Walkerguy21D · September 8, 2015 2:10AM

I have written dozens of checks at shows over the years, never wrote a bad one, never had a dealer NOT take it.....if they don't know me, they
may ask for a reference, and/or write down my driver's license number, but that's the extent of it. Ironically, when discussing bad checks with
dealers, I've heard multiple times that the biggest risks tend to be taking checks from other dealers, rather than the general public.

Unknown · September 8, 2015 2:13AM

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BAJJERFAN · September 8, 2015 2:25AM

Effingham? That's all you need to know about THAT!

amwldcoin · September 8, 2015 2:34AM

I agree Larry should've been more diligent. He said he had seen him at other shows. He has been chastised enough already so please don't bash anymore.

I will see if I can get a list of the coins.

amwldcoin · September 8, 2015 2:59AM

The crook got the following 3 coins:

1859 Seated Dollar Raw Proof
1862 Seated Dollar Raw Proof with Lilac Toning
1798 Bust Dollar Unc 3 Bagmarks stairstepping Doen Neck-Chin

He was also reported to have been trying to sell coins at a shop 30 days ago for Cash. This gives hope the right shop will be offered the coins.

Unknown · September 8, 2015 3:02AM

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Wabbit2313 · September 8, 2015 3:38AM

I wouldn't take a check for 30 grand from someone I do not know. Also, why are the coins RAW from a guy who owns SEGS?

Unknown · September 8, 2015 3:40AM

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amwldcoin · September 8, 2015 5:31AM

I have pictures of the coins. If anyone wants to see them or post the pictures here(not sure if the seated dollars are postable as they are in a word document) PM me you email address.

Unknown · September 8, 2015 5:47AM

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amwldcoin · September 8, 2015 6:04AM

<< 

<< I have pictures of the coins. If anyone wants to see them or post the pictures here(not sure if the seated dollars are postable as they are in a word document) PM me you email address. >>

I would be shocked if there were any lookers in the bunch. I mean have you ever checked out the website, reminds me of the dealer Eternity (problem) Coins? >>

LOL....sounds like you have a beef with Larry! The 2 Seated Dollars look nice in the picture but there is no way to know the quality. The Bust Dollar will easily be identified from the pictures if seen.

TwoSides2aCoin · September 8, 2015 7:14AM

<< I will go out on the limb that Larry didn't pay anywhere near $30k for the raw problem pieces.

>>

Despite what he paid, I'll bet his check was good. We can hardly say that for the one who stiffed him.

Unknown · September 8, 2015 8:11AM

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bestday · September 8, 2015 8:27AM

<< I agree Larry should've been more diligent. He said he had seen him at other shows. He has been chastised enough already so please don't bash anymore.

I will see if I can get a list of the coins. >>

Everyone has done something stupid in life .. just move on.... and let The dealer take in his loss ........money is replaceable

coindeuce · September 8, 2015 8:36AM

<< I will go out on the limb that Larry didn't pay anywhere near $30k for the raw problem pieces.

>>

You know what realone - you're unreal. Keep digging your "holier than thou" hole. Larry is an upstanding guy who is more ethical than 99% of the dealer community. And I would sell coins to him before I would ever consider your money that comes with the garbage that you're spewing here.

There has been NO mention that the coins Larry sold were holdered by SEGS, yet that you feel justified to exacerbate the situation by bashing SEGS anyways is really low. In fact, it does violate the rules here about not bashing grading companies in a thread. Get a life.

joecopper · September 8, 2015 8:58AM

Effingham? That's all you need to know about THAT!

Do not understand that comment - please elaborate

ebaybuyer · September 8, 2015 2:34PM

larry is one of the most knowledgeable dealers Ive ever met. he knows about EVERY series not just mercury dimes, or indian cents. if you spend some time at his table, watch what people bring to him for an opinion... then form an opinion of him. his only fault here is that he is too trusting.

TigersFan2 · September 8, 2015 2:57PM

Last spring my wife went with me to a local coin show. After we left, the one comment she had is that she was surprised to see many people paying for coins with personal checks. Sure, get the driver's license number and verify identity, but if the check bounces, do you want the hassle? In today's electronic age of PayPal, credit card readers on smartphones and old-fashioned cash, why is anyone considering using personal checks? Perhaps it has to do with the fact that (at least at the local coin shows here) 95% of the people at the coin shows appear to be above the age of 60 and thus are more apt to be technology challenged. (A coworker who's my age went to a coin show last spring and his comment to me was, "Everybody there was older than me.")

Seriously, younger people need to become interested in coin collecting or eventually many of our coins will only be worth melt value because fewer collectors means less demand. Sure, it's a hobby that requires some amount of disposable income which people may tend to have more of as they get older (kids are grown and out of the house). At a coin show in the 1970s, was it so weighted towards the senior citizens then? Does the hobby continue to grow as young adults become old adults and then decide to become more involved? But I started collecting when I was 7 or 8 and I suspect most of you started collecting at a young age also with few here starting in middle age when the disposable income starts freeing up. It just doesn't seem as popular to collect anything as it did 30 or 40 years ago. Anyway, just rambling. I hope you enjoyed it.

amwldcoin · September 9, 2015 1:04AM

<< I was at the Ohio State Show too Lance

Here are photos of the coins that were paid for with a bad check.

>>

Thanks for adding the pictures to the thread!

asheland · September 9, 2015 1:21AM

TwoSides2aCoin · September 9, 2015 2:34AM

<< 

<< 

<< I will go out on the limb that Larry didn't pay anywhere near $30k for the raw problem pieces.

>>

Despite what he paid, I'll bet his check was good. We can hardly say that for the one who stiffed him. >>

and let me put it this way, we know whose check was good and we also have a very good idea who received not so good coins imho

>>

Since we've shared relatively intimate thoughts on the matter of coins and the business, you know as well as anyone that value is perceived. And whether one is deceived by this perception and pays too much, at least tuition was paid in full. Fraud is another story, completely. Two wrongs will never make a right.

Justice and karma are factors, but not in "this" deal, as I see it.

VanHalen · September 9, 2015 4:49AM

<< Effingham? That's all you need to know about THAT!

Do not understand that comment - please elaborate >>

X2

My brother used to live in Effingham and I've been through there many times.

Unknown · September 9, 2015 5:06AM

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TwoSides2aCoin · September 9, 2015 5:42AM

You know we mostly are on the same sheet, Realone. You're a connoisseur. I don't begrudge that a bit.

telephoto1 · September 9, 2015 7:04AM

Having read through previous posts I see, unsurprisingly, the not very subtle inferences that since it was a dealer who got ripped, the crime is somehow offset or lessened by the quality of the material stolen. These same folks, were it they who were defrauded, would no doubt be dripping with righteous indignation and calling for the perp's head to be placed upon a pike, and would bristle if someone were to say "well, it's not like your stuff was all that great"...which is what is in essence being inferred here. Stay classy.

Alltheabove76 · September 9, 2015 7:06AM

In my opinion a crime like this where the perpetrator knows that they will be caught is usually only committed by someone who has a serious drug problem. Usually RX drugs.

Wabbit2313 · September 9, 2015 7:10AM

At the breakfast buffet on our last cruise, it was the worst

<< Effingham >>

we ever had!

BAJJERFAN · September 9, 2015 9:03AM

<< At the breakfast buffet on our last cruise, it was the worst

<< Effingham >>

we ever had!

>>

This.

Unknown · September 9, 2015 9:40AM

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Cameonut · September 9, 2015 9:47AM

So what is the deal with the two different height scales in the background of the crooks mug shot?

cecropiamoth · September 9, 2015 10:14AM

So what is the deal with the two different height scales in the background of the crooks mug shot?

Inches to centimeters.

67 inches = 170 cm.

They just are leaving off the 1.

Jeff

Cameonut · September 9, 2015 10:15AM

<< So what is the deal with the two different height scales in the background of the crooks mug shot?

Inches to centimeters.

67 inches = 170 cm.

They just are leaving off the 1.

Jeff >>

Thanks - that explains it. I guess by leaving off the one, the government is saving money.....

telephoto1 · September 10, 2015 2:23AM

<< 

<< Having read through previous posts I see, unsurprisingly, the not very subtle inferences that since it was a dealer who got ripped, the crime is somehow offset or lessened by the quality of the material stolen. These same folks, were it they who were defrauded, would no doubt be dripping with righteous indignation and calling for the perp's head to be placed upon a pike, and would bristle if someone were to say "well, it's not like your stuff was all that great"...which is what is in essence being inferred here. Stay classy.

>>

If directed at me, I have already stated the buyer is a CRIMINAL, no two ways about it. But the dealer knows full well that he rolled the die by relaxing all prudent safety measures typically used by dealers probably because he was selling questionable coins at an extremely inflated price. A crime was committed, no two ways about it but the amount of the stolen monies is most probably massively inflated imho. >>

...and you're certain of this, how? You were there when the items were acquired? Know how much was paid? Intimately familiar with their exact condition and current value? Know precisely at what levels other should value their items?
What difference does the value make anyway? Theft is theft. Insulting the victim of a crime after the fact and rubbing his nose into it makes one wonder if you have an axe to grind with him...

Unknown · September 10, 2015 2:42AM

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tradedollarnut · September 10, 2015 2:54AM

Realone does have a point - I'd be much more willing to take a $30k check if I was marking my coins up 300% than if I was marking them up 10%

TigersFan2 · September 10, 2015 2:59AM

And if I was writing a bad check, I'd be far more willing to pay a 300% markup than pay a competitive retail price.

telephoto1 · September 10, 2015 3:09AM

Whether he's marking up the items 10% or 310% is immaterial. Regardless of his asking prices, the guy still got ripped off and is not the crook here.

Unknown · September 10, 2015 3:50AM

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Wabbit2313 · September 10, 2015 4:37AM

If the dudes 30K check did clear, everyone here would be calling Larry the crook!

Unknown · September 10, 2015 4:40AM

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Wabbit2313 · September 10, 2015 4:47AM

<< 

<< If the dudes 30K check did clear, everyone here would be calling Larry the crook! >>

Not true, no one would have known of the deal, but then the deal would never had taken place. >>

It was a joke!

Dealers watch out for this crook! Bad Checks UPDATE PHOTOS!

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