@pcgscacgold said:
This person now has two coins with Zero Cost Basis. When they sell the coins the full sales price is taxed as a gain. The question is at that time will they become an honest person and report gain?
@pcgscacgold said:
So it would appear one of the people he shipped coins to the same day as yours is not a truthful person. They think it is ok to take from others. Amazing someone gets two coins that they didn't order (or pay for) and they don't contact the dealer. If I were the original dealer I would think about the client list from that day and look at those people differently.
Technically, they are legally entitled to keep the coins. Ethically, they should return them. But they aren't under any legal obligation.
@pcgscacgold said:
This person now has two coins with Zero Cost Basis. When they sell the coins the full sales price is taxed as a gain. The question is at that time will they become an honest person and report gain?
Well, we know the answer to that. EVERYONE is a tax avoider, aren't they?
If they're smart they are; a tax evader maybe not.
@amwldcoin said:
They were shipped to the wrong buyer. I received other purchases in my shipment. This was a large purchase with many coins. He accidently left the last 2, which were these out of my shipment.
What makes you so sure they were sent to someone else, if you got the majority of your order ... it does not seem like 2 orders got shipped to the wrong buyers.
My drift is that the 2 coins were likely mistakenly added to someone else's order. I don't think that they were sent to some random person who had no interest in coins.
Crazily enough I have had the same happen with items I bought at auction from Stacks and Heritage - in both cases the person who received my item returned it to the auction house who then sent it to me.
Tir nam beann, nan gleann, s'nan gaisgeach ~ Saorstat Albanaich a nis!
@amwldcoin said:
It wasn't 2 orders! My shipment had around 70 certified coins! The 2 missing ended up on a page by themselves which was the end of the order. Easy to see how it could happen as I've messed up a shipment or 2 in my time.
What happened to the page?
Does the dealer still have it, or is the thought that the dealer sent the page to another buyer by accident?
Technically, they are legally entitled to keep the coins.
That is not true. In NJ, it is called "Theft of property lost, mislaid, or delivered by mistake." Just because a coin is sent to you in error does not give you the right to exercise control over it. There are no "finder's keepers" in the eyes of the law.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
messing up is just part of human nature we learn what not to to the next time, as for being honest all depends on the person, yes that messing up maybe pricey or whatever but it is a lesson one can learn from
@DCW said:
That is not true. In NJ, it is called "Theft of property lost, mislaid, or delivered by mistake." Just because a coin is sent to you in error does not give you the right to exercise control over it. There are no "finder's keepers" in the eyes of the law.
Interesting. Thanks for posting.
If anyone else is interested, an overview of the NJ law can be found here.
Well if you believe in Karma and I do, if the person who got the coins keeps them...would not want to be him this year. I had this happen to me from a member of this forum. I bought some run of the mill morgans and an auction house in St Louis got them, I got what was going to the auction house. The seller called everybody he had shipped to to try to find the four figure slabbed coin. Turned out it came to me instead of the common morgans. I sent certified to the auction house and they sent me my morgans. Could not have lived with myself any other way.
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
I once received two PCGS boxes while waiting for my normal one. Other box were mainly Ikes slabbed . . . . I confirmed with PCGS and repacked and sent them along . . . . . .
Technically, they are legally entitled to keep the coins.
That is not true. In NJ, it is called "Theft of property lost, mislaid, or delivered by mistake." Just because a coin is sent to you in error does not give you the right to exercise control over it. There are no "finder's keepers" in the eyes of the law.
Perhaps, my post was Federal not State statutes.
All comments reflect the opinion of the author, even when irrefutably accurate.
Comments
deleted for now
Of all the things to be concerned about, LOLOL.
Does that apply to solicited merchandise too?
If they're smart they are; a tax evader maybe not.
My drift is that the 2 coins were likely mistakenly added to someone else's order. I don't think that they were sent to some random person who had no interest in coins.
Sorry to hear this.
But man the decades of secondhand smoke toning on that 04s is heavenly.
Crazily enough I have had the same happen with items I bought at auction from Stacks and Heritage - in both cases the person who received my item returned it to the auction house who then sent it to me.
What happened to the page?
Does the dealer still have it, or is the thought that the dealer sent the page to another buyer by accident?
This truly sucks!
That is not true. In NJ, it is called "Theft of property lost, mislaid, or delivered by mistake." Just because a coin is sent to you in error does not give you the right to exercise control over it. There are no "finder's keepers" in the eyes of the law.
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
messing up is just part of human nature we learn what not to to the next time, as for being honest all depends on the person, yes that messing up maybe pricey or whatever but it is a lesson one can learn from
graded coins for sale
https://photos.app.goo.gl/SgQaHavtxqMq1uEM9
Interesting. Thanks for posting.
If anyone else is interested, an overview of the NJ law can be found here.
Well if you believe in Karma and I do, if the person who got the coins keeps them...would not want to be him this year. I had this happen to me from a member of this forum. I bought some run of the mill morgans and an auction house in St Louis got them, I got what was going to the auction house. The seller called everybody he had shipped to to try to find the four figure slabbed coin. Turned out it came to me instead of the common morgans. I sent certified to the auction house and they sent me my morgans. Could not have lived with myself any other way.
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
I assume he has tracking numbers for all 50 or so packages he sent that day and can verify that all have been delivered.
I once received two PCGS boxes while waiting for my normal one. Other box were mainly Ikes slabbed . . . . I confirmed with PCGS and repacked and sent them along . . . . . .
Drunner
Perhaps, my post was Federal not State statutes.
All comments reflect the opinion of the author, even when irrefutably accurate.