Glad this thread prompted some spirited discussions lol. To address several questions that were brought up - No, I am not the dealer. I'm not even a collector. I have yet to go back to the dealer to inspect the coin and paperwork, but will update this thread when that happens. My original estimate of the coins condition was just that, an estimate for a coin that I spent very little time looking at. People sure ran with that $7000 figure.. Based on future examples that were posted, I'd say the dealer offered me about 70% of the coin's value. I would have been satisfied with anything around $2000 - Aside from the grade, I roughly knew what I had going in there (minus the forgery aspect). I do not recall much about the other coins I sold him on the previous occasion, other than there was an early 1800's bust quarter, an 1881 shield nickel, some large cents and possibly a seated liberty dollar. I think 5 coins total. I left with a similar figure that time.
For a key item like this, the dealer should have worked with you to get it submitted for grading and made an offer based on the grade assigned.
The OP needed the cash he said. You really want him to wait around 2 months for this "professional" dealer to send the coin to some other "professional" to be graded? The fact that he lowballed him on the price initially tells you what a scumbag this dealer is. The OP would have been crazy to agree to such terms. Very good possibility had the coin been legit that the OP would not even receive the same one back. The dealer tried to take advantage of the OP and got burned. Serves him right.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Comments
Glad this thread prompted some spirited discussions lol. To address several questions that were brought up - No, I am not the dealer. I'm not even a collector. I have yet to go back to the dealer to inspect the coin and paperwork, but will update this thread when that happens. My original estimate of the coins condition was just that, an estimate for a coin that I spent very little time looking at. People sure ran with that $7000 figure.. Based on future examples that were posted, I'd say the dealer offered me about 70% of the coin's value. I would have been satisfied with anything around $2000 - Aside from the grade, I roughly knew what I had going in there (minus the forgery aspect). I do not recall much about the other coins I sold him on the previous occasion, other than there was an early 1800's bust quarter, an 1881 shield nickel, some large cents and possibly a seated liberty dollar. I think 5 coins total. I left with a similar figure that time.
To OP
Please answer why and what purpose Other than curisotydo you want to see the coin and documentation!
From your last post you did in fact state no financial reimbursement?
For the record LOl here can you state 100% you will keep the full amount paid to you or not.
My 2 cents just avoid him and send somebody else to see it and other coins if curios of value.
That would make for interesting video especially if camera is hidden
op vists store.
Or if you want to piss him off pay him a visit. I bet he will roll out the red carpet treatmenr for you.
And for asking for money back highly unethical business practice , I give the dealer a small degree of credit for asking for money back.
He had nothing to lose by making a refund request, the OP was considering it so their was a possibilty
Love dem old school south siders.
The OP needed the cash he said. You really want him to wait around 2 months for this "professional" dealer to send the coin to some other "professional" to be graded? The fact that he lowballed him on the price initially tells you what a scumbag this dealer is. The OP would have been crazy to agree to such terms. Very good possibility had the coin been legit that the OP would not even receive the same one back. The dealer tried to take advantage of the OP and got burned. Serves him right.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™