Show of hands from dealers
Crypto
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Recent thread got me thinking.
1)So how many of you would take a coin back two years after the fact?
Everyone can’t be legend and only sell the best of the best. In rare series to date collectors especially:
2)What does a dealer owe a collector who paid an A price for a C coin? Only to find out it was a C later
3) when people mix business with pleasure why is it always the winner’s fault when the person who did transactions off emotions instead of math realize they left a few points on the table?
4) why are we quick to judge one mistake when the majority of the other coins are above avg? If a dealer helps a Noob buy 100 coins and a few could have been done better, that’s still pretty good right?
What am I missing from the thread that most everybody was willing to grab their pitch forks for?
Comments
1) I wouldn't take a coin back after two years unless A) it was fake, which I wouldn't knowingly sell to begin with.
I misled somebody about its variety or claimed it to be of value it clearly wasn't (which again would not do)
or
Lots of time I overly describe something I feel is cleaned, sucks, low end etc, folks still buy them, I hate to see those coins come back, and when they do I don't feel obligated to strecth for them at all, in fact, try to pass altogether because I was glad to get rid of it to start with
I would buy a coin back. I would not sell what I would not buy. And if I hyped it up to sell it for more, I would owe this much to the buyer: fairness. Maybe not a buyback at the sale price. But, ( in (that other scenario ) , a generous buyback offer. And why is it in a problem free holder ? I didn't get it straight graded. Mine are more often discounted in net graded holders.
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
Regarding #1... just a WAG- not many. But I bet more sellers have done this than buyers who sent a dealer a bonus check two years later when a coin they bought sold for way more than the buyer expected.
1) No I would not. Unless it was counterfeit.
2) Nothing unless I represented the coin as PQ.
3) Human nature.
4) Who doesn't like a weenie roast?
I know my tastes continue to evolve, I didn’t have many coins in my set from the first wave of buys.
As too RO’s point. We know what the OP heard, isn’t always the same as what was said. To the greater point it sounded like the dealer tried to piece together a return but it sounds like the damage was done and to be made completely after a mistake seems slightly naïve.
11.5$ Southern Dollars, The little “Big Easy” set
1 All certified coins are not good.
2 This was between two friends not a dealer just selling to a collector.
3 The coin was not described accurately
4 Only admitting fault after being called out.
5 The truth is he got burned out of auction and passed on the burn to a FRIEND.
Another one that was offered as water stains on the reverse that straight graded.
I don’t what to tell you other than the “I am a helpless rookie” bit is sort of lame coming from grown man dropping 6 figures on coins. Especially if he considers losing 30-50% on a C level coin being taken. He still has a 4figure coin in a graded holder with a guarantee attached to it.
If this is the worse thing that happens to him monetarily he is ahead of 99% of collectors here which will either be dumb luck considering how little he knew (his words) or maybe the over all advice wasn’t as bad as made out to be. I know lots of dealers and few of any would have done him better, they just wouldn’t have been as friendly and talked to him as much.
Just a little perspective
11.5$ Southern Dollars, The little “Big Easy” set
It sure does happen lots here, just the last week or two a dealer was ranting and many; yourself included; came galloping to his side with only one side of the story presented also. Interesting that it was ok to impugn the seller in that case on one side of the story but not in this case.
To the ops question; I did not read the thread in question in full and I'm not a dealer but I doubt that many dealers or companies would take a return that far after the sale
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I won’t say to much, so they can’t kick me off. I know your defending your friend.
I know both parties very well.
It’s clear he is known without using a name. But can reply on another forum.
No comment on the water stained coin that was offered to crusty
Dealers don’t call every day to talk about family, work , back pain, mini mart going in Nextdoor and construction jobs at the house every day.
Your absolutely right nobody really knows the whole truth except close friends that don’t want to get involved and have heard both sides.
I have seen the coin in hand. I am not a dealer and would say I’m no rookie. I know what a bad coin looks like and I was helping my friend out. Only to find out he bought it from a Mutual friend. That’s exactly why I suggested he show it to trusted dealers in the market for an honest opinion. We had a tight group of five of us that were very close. Yes a dealer actually had friends can you believe that! After dropping 25k on coins and you can’t make good on one coin that he admitted he made a mistake. It was a more costly lesson for the dealer.
So what's the point of the thread? I mean- if nobody really knows the whole truth except close friends that don’t want to get involved and have heard both sides?