Options
Well I could of Cherry Pick a dealer but I told him about it instead.
Type2
Posts: 13,985 ✭✭✭✭✭
And I could not stop thinking about it all weekend so I called him today and asked will he sell it to me, I cant believe I didn't ask in the 1st place. But he did gave me a good deal on my stuff I bought that day as a thank you. So today I ask if I could buy it and he side yes well it was a trade. Over the weekend I picked up 3 GSA $'s for a good price so I ask if he would trade them for that buffalo and he said sure let's do it, I Was like WOW very cool and thank you.
So here it is what do you think?
Hoard the keys.
9
Comments
I know nothing about buffs. The coin looks nice.
"A dog breaks your heart only one time and that is when they pass on". Unknown
Two feathers. Not a variety I care about, but a nice example.
Very nice two-feather, and VERY WHITE!
Sweet, congrats !!!
hmmm.. not worth 3 GSA's to me
BHNC #203
Nice white coin! Nice variety!
Nice!
@Type2 You could "have" cherrypicked the dealer, but you didn't. Good for you. I think that the best thing to do is what you feel is right. But a dealer who missed such an obvious variety (or, for that matter, an unobvious variety) deserves to be cherrypicked. So you get extra ethics kudos (refreshing particularly of late ... don't get me started) because you did what you felt to be the right thing. I have no idea what this variety is worth either, but I agree with @Treashunt that to me it would not be worth three GSAs. I don't follow the Two Feather varieties at all. But I do recognize them!
My 2c. Or 5c!
Kind regards,
George
Very nice Two Feather Buff....Cheers, RickO
Why isn't it in a slab? There is probably a reason.
The OP did the right thing by telling the seller that it is a rare variety and I'm sure this seller will now go back to the person that he bought this coin from and pay him some more money since he now knows this coin is more valuable than he originally thought it was when he bought it.
Worry is the interest you pay on a debt you may not owe.
dup
Sorry all dealers here!!,
BUT most dealers(not all) do not deserve such consideration and courtesies as offered by the OP.
When dealers buy from you, they usually do not tell you they spotted a scarce variety.
I have personal experience while a few of us were doing a test a couple of years ago with 5 west coast (Canada) dealers about that very same subject. We wanted see who is honest and who is not.
Only 2 dealers mentioned that 2 of the 5 Silver dollars (1947 ML and 1947 P7-dot) offered for sale where higher priced coins and rather uncommon varieties. They just counted the coins and said: "today we are paying x$ for silver dollars". the 1947 ML is a very obvious and easy recognized Variety of the series.
And 5 out of 5 dealers did not know how to recognize a scarcer, but well known, variety on a 1871 silver Quarter. the price difference is about 1:150+ depending on grade.
So, the big question is why should a consumer be nice to a seller dealer when said dealer does obviously not know **his own items? he did not recognize the item as superior when he "traded or bought it, so why should he get the benefit when he sells it?
I have often pointed out to many other **collectors about varieties they have. I am sort of the "guy to go to" in our 2 clubs.
I have even told dealers what varieties I am looking for. usually I draw a blank because they have no idea what I am talking about.
I've never felt the obligation to tell someone they're selling me something expensive for very little. I'd feel obliged in this case to keep my GSA's. Dealer's fault for not checking his or her inventory.
Has that nickel been polished or cleaned? Doesn't look like a nickel should. From here anyway.
YQQ, the answer to your post is that we each have a different set of moral values that guide us, so we each act differently and accordingly. it is hard to know why Type2 did what he did without knowing him personally and understanding the dynamic in place with this particular dealer.
did he do the right thing?? by his standard, yes.
would I have done the same thing?? probably not, but that doesn't make either of us right/wrong, good/bad or smart/stupid.
the same goes for dealers.
BTW, that is a very nice looking example.
Even though the op had no obligation to tell the dealer what he had I don’t think doing so is a bad thing. Sometimes relationships in this hobby are worth more than one cherrypick. Maybe the op wants to create a good relationship with this dealer and that may pay many multiples of what this one coin would have been worth.
My Ebay Store
LOL. You are a better man than I. If I see a coin I want FROM A COIN DEALER and the price is "right" I'll buy it and fall asleep that night with a big grin on my chops. I have pointed out "Cherries" to a dealer on very many occasions if they were something that did not interest me. I would have bought that nickel.
@Insider2 Perhaps I was unclear. Let's review.
>
Nice find by @Type2 and I commend him for his honesty. I hope the good relationship with his dealer continues.
The last time (not too long ago) I was a nice guy and "clued-in" a dealer to an unmarked scarcer variety and a mis-marked 2x2 (a Fine 1916-S half marked and priced as a 1916-D) on the same visit, he wouldn't even give me a small discount on a group of coins I wanted to purchase. You'd think he would've showed a little bit of appreciation, but no ... not even a thank you. Seriously. I'm not sure I'll be as nice next time....
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
I'm so sorry, I agree with you. My post was directed to the OP!
It is good that you have a two way relationship with that dealer. As a collector I’ve learned that you have to judge the situation.
I have had good relationships with a number of dealers. I know something about tokens and medals, and if they have treated me fairly, I will give them my knowledge “for free,” and give them the opportunity to make some extra money on the item. The catch is if they get something good, which I want and they don’t know about the piece, I’d like a shot at it. I don’t expect them to sell it to me cheap, but I would appreciate “fair.”
In my younger days, I’d spot a better token or die variety that I wanted, but the dealer didn’t know what it was. I’d tell him, and then it would immediately be “not for sale” and I’d never have a crack it. When a dealer treats me like I’m ready to pick him off. If he’s not going to do his homework, I’m not going to do it for him when he treats me like that.
Thank you all for looking, 1st I did what I did I saw the book come into the store and I asked if I could make a offer on the book. But it was too weeks after when he gave it to me to look at, Buy then he popped out what he wanted. Now This is the time to pick or buy because you know he does not want the others as much.
I was going to say $1500 for the book or $150 for the one coin but I only saw that one coin that I wanted so he said what's your offer. That's when deep in my gut I felt it and it was not lunch, Now trust me I picked a lot of dealers but this one helps me a lot I buy a lot of stuff every week form him so I gave him a pass this time.
I do see all sides of this trust me this is the 1st dealer I did this for since long beach back in 2005 on 4-1914/13 buffalos that went wrong after I told him. That is when I hit every dealer and gave no mercy till this day.
As for the color of the coin my lighting is off and it my have a old dipping but it does have a gold tone to it though and a lot of luster so it's hard for me to photo it will see.
Hoard the keys.
No idea what GSA Morgans are worth but a 2-feather 1915 that grades MS is a 4-figure coin at minimum.
That is a nice one!
Could anyone post the pic up point for this coin/variety thanks
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
There are two feathers behind the Indian's head rather than three. The little feather jutting out at the bottom is gone (die polishing, I presume).
Kind regards,
George
nice pick up, i like
Thanks @giorgio11
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Sure thing @1630Boston !
Kind regards,
George
http://www.pcgscoinfacts.com/Coin/Detail/38433
Kind regards,
George
Note the missing feather.
How you handle this says something about you, but also how the dealer handles it says something about him/her as well. In this case it sounds like you both had a mutual level of respect.
I do recall that horror story you told about the four varieties you pointed out to a dealer at a show only to have him pull them from his case. He should have handed you one for free and said "thank you". Your reverse cherry pick was probably the best deal he made all day, and it was not because of anything he did.
Totally agree. This has happened to me SO MANY times over the years. Too many dealers are completely paranoid about getting ripped. They'd rather go to their grave with a coin they know nothing about than sell it to someone they think is getting too good of a deal off of them -- geesh. If you don't know your inventory, then don't put it out for sale. And don't use me to do your research unless you're paying me for it. And if you're paranoid, you should probably stop being a dealer, admit you have a mental health problem, and seek professional help. Just saying....
ANA LM
USAF Retired — 34 years of active military service! 🇺🇸
He did the right thing for his conscience and that's what matter whether you agree or not it's your prerogative. From my personal dealing with @Type2 .......he is truly honest kind hearted man. GBU
In the other hand...I may or may not do the right things; it's all depend on several factors
I commend type2 for his honesty,glad that he feels good about what he had done and it worked well for the both of them
I myself don't think I will ever help a person out that is selling something again, I believe that when you sell something, you should know about what you are selling. I did help a person years ago when the "Speared Bison" nickel varieties were being discovered. I bought a few rolls of the nickels from the person, discovered 7 of the true Speared Bison's in the rolls I bought from her and was excited to had found them, I made the mistake of letting her know that she had a box of rolls that had the Speared Bison's in them. I then made the mistake of thinking that since I told her about them that when I bought a few more rolls from her that she wouldn't have looked through them. Nope, she looked through every rolls that I purchased from her before sending them to me, I think it was 7 rolls, not many rolls because I thought she just might do what she did, look through them before sending them and of course she did and barely said a thank you to me. She found quite a few after I told her and went on to make a lot of money off of them back then.
So yeah after that happened to me, I'm a little less to help a seller out but I don't know, I might do it again.
looks like a nice Buff! Keep putting out the good vibes into the coin pond and they should work their way right back.
I started a discussion about this very topic a few months back. I believe Type2 relayed the story about the four 14over13 buffs in a reply to my comment. I feel a dealer should know what they have and we as buyers do not have to tell them what they have. Now if it a person trying to sell an inheritance and has no clue about coins, I feel those folks should get some help, imho
Here is a little better pic, I think I need to reset my camera I think. I would try again but I sent it out already we will see soon.
Hoard the keys.
Personal perspective I guess. I have been included in a FB group of dealers and have become acquainted with many of them. Very few old copper folks there and one purchased an old time large cent collection which he started listing for sale. One coin was incorrectly attributed by him as a common S-22 variety of 1794 but even with low res images was easily identifiable by quick glance as a scarce S-66. I notified the seller after the auction closed, who notified the buyer, who then contacted me, and after full disclosure we negotiated a price I could live with; both buyer and seller where just glad to quickly turn the coin.
The coin is a high detail example with surface "challenges" but quite acceptable for the variety (the condition census only goes to a VF25 example) and is now recorded in the CC as number 10. I have sent it to PCGS for certification and better images.
Seller Beware! CherryPicking is part of (the best part) collecting.