Not a hypothetical - how would you as a client react/what would you do/say if a dealer accidentally

coinguy1 · July 10, 2006 10:48AM

Russ · July 10, 2006 10:50AM

Write him a new check.

Russ, NCNE

Julio · July 10, 2006 10:52AM

I'd send him another one. Stop payment on the 1st. to CMA. Then I would sit back and see if he really tore the 1st check up. Could be a valauble lesson and worth the stop payment fee. jws

coinguy1 · July 10, 2006 10:53AM

<< Write him a new check.

Russ, NCNE >>

Russ, how disappointing - I was sure you'd simply tell him or her to "pound sand"

clw54 · July 10, 2006 10:53AM

Accidently? I'd ask for the pieces back and write him another one.

Bochiman · July 10, 2006 10:54AM

I'd be cool with it if it meant he was giving me the coin at no charge

(Mark, was this my check?

)

stman · July 10, 2006 10:55AM

If it was a dealer that I know and trust, I would send said dealer a new check immediately.
If I didn't know this dealer, and had never had dealings with him/her..... I'd handle it much differently.

Barry · July 10, 2006 10:56AM

Coincidentally, I had this happen to me very recently... I'm not sure if I can trust this dealer, though

coinguy1 · July 10, 2006 10:57AM

<< I'd be cool with it if it meant he was giving me the coin at no charge

(Mark, was this my check?

) >>

Ron, you mean the one from our June transaction? June of 2004 that is. No, I still haven't received that one.

and in case anyone missed it

tgilliams · July 10, 2006 10:59AM

swallow your pride and send him another check. most people make mistakes once in a while. bet you might even make a mistake yourself.

WTCG · July 10, 2006 11:00AM

Reissue a replacement check but only after confirming that the original check was in fact destroyed.

Bochiman · July 10, 2006 11:00AM

<< 

<< I'd be cool with it if it meant he was giving me the coin at no charge

(Mark, was this my check?

) >>

Ron, you mean the one from our June transaction? June of 2004 that is. No, I still haven't received that one.

and in case anyone missed it

>>

Well, if some people would stop jumping on your coins before me, you would get another check

Slacker

Msb94 · July 10, 2006 11:06AM

.......no problem......send another check.....put a stop payment on first.....had a similar situation with one of our own board members

coinguy1 · July 10, 2006 11:10AM

<<Reissue a replacement check but only after confirming that the original check was in fact destroyed. >>

Wei, it's not possible to get that confirmation - the check is in (several) peices in the trash bin at the dealer's PO box.

Should the client take the dealer's word for it, or issue a stop payment?

AU58WALKERS · July 10, 2006 11:11AM

<< Accidently? I'd ask for the pieces back and write him another one. >>

I agree

curly · July 10, 2006 11:13AM

Mark...something similiar to that happened to me about a month ago. Around November of last year, I purchased a coin from a well known west coast dealer with a credit card. I do a lot of coining with this card and I don't really go over the statement as there are late postings. Anyway, a nice lady called me last month and said that they were going over their books and asked me if I had purchased a certain coin from them. I told them I did and she explained that they had neglected to bill my card. I told her that I would call my card and verify payment or not and get right back with her.

After verification that it had not been paid, I called her back and took care of it. She seemed very relieved but I didn't see the big deal in it.

TONEDDOLLARS · July 10, 2006 11:14AM

Thank You

Bochiman · July 10, 2006 11:16AM

Oh yeah....a serious answer.......I would just rewrite him a check for the same amount and not think twice about it if I knew the guy/gal (either by reputation or prior dealings with me).
If he was someone I was just dealing with for the first time, and no reputation to go by, then I would reissue a check and ask for the first one (the pieces) back.

If it were not possible for that, I would hope the dealer would offer to pay for the stop ship (my bank charges me $20 or so).

JRocco · July 10, 2006 11:23AM

Big difference between a dealer and my dealer. If it were my dealer- no questions, another check. If it were a dealer- I would grumble to myself, stop payment on the first check then issue another.

RYK · July 10, 2006 11:27AM

If it were Mark Feld, Legend, Mr. Lustig, or any other of the highly respected members (dealers and collectors) of this forum that are firmly entrenched in the Circle of Trust™, I would not think twice about it, and send the dealer a replacement check. If it were not someone in the Circle™, frankly, i probably would not have sent a check in the first place.

tmot99 · July 10, 2006 11:33AM

Do I have the coin in hand when said check was ripped? If so, bye.

If I don't have the coin, I would find out why the check was ripped up. If everything seems normal, then I would just rewrite the check and issue a stop payment on the first one.

dthigpen · July 10, 2006 11:34AM

I'd expect the dealer, if he could not send back the remnants of the check, to offer to pay for any stop payment charges if they are applicable. Then I'd just write another check.

XpipedreamR · July 10, 2006 11:36AM

Coin dealers take checks? They always make me pay cash on the barrelhead

dthigpen · July 10, 2006 11:39AM

Of course, if you were the one claiming to rip up the check, I'd assume that you were trying to 'double dip', quickly stop payment on the check and cease any further communications with you.

greghansen · July 10, 2006 11:41AM

it's not possible to get that confirmation - the check is in (several) peices in the trash bin at the dealer's PO box. Should the client take the dealer's word for it, or issue a stop payment?

If it's a dealer I'm not familiar with, and can't get confirmation, I would probably take the dealer's word for it on something under $500. If it was more than that, I'd probably consider it prudent to issue a stop payment.

ABC123 · July 10, 2006 12:10PM

Why write a check---wire the $$$ to his account ! Welcome to the 21st Century.

coindeuce · July 10, 2006 12:25PM

Mark. Please explain. How does one go about tearing up an e-check?

ColonialCoinUnion · July 10, 2006 12:34PM

I'd write him a new one, no questions asked. Of course I see only the best in people.

SamByrd · July 10, 2006 1:19PM

no question I would write a new check

ILikeMercs · July 10, 2006 1:37PM

I'd ask how do you "accidentally" tear a check into "several" pieces?

perfectstrike · July 10, 2006 1:41PM

If it's a dealer I trust, "stuff happens, gimme a few days and you'll receive a replacement".

David

ILikeMercs · July 10, 2006 1:45PM

<< Accidently? I'd ask for the pieces back and write him another one. >>

yes, accidentally.............both are correct, BTW

raycyca · July 10, 2006 2:15PM

Same thing happened to me with a fellow board member within the last month. He didn't recieve the check after 2 weeks. I wrote him another check for a bigger amount. WHY? Because I trust him!! He received the second check and I WAS going to cancel the first check and suck up the canceled check fee. Maybe I made a mistake? NOPE!! I couldn't get to the bank in time because of work. The day after I was supposed to go to the bank to cancel the first check, he received it. He told me his neighbor had the check all along. Happened a few times to him. No big deal. Now he has the next payment for the coins and I save the time and postage. That's because I can TRUST him. And he trusts me. He knew I sent the check, but, we couldn't explain the delay. That's what it's all about, in my mind!

If it were a small time dealer, or one I haven't dealt with before, I'd cancel the check and have the dealer pay the fees. If he didn't agree to this, then I would go elsewhere and not be back. Done this before to a dealer and haven't looked back. I'm probably for the better because of this. Even if it were a coin I've been looking for, trust is the issue here. Why did he tear it up in the first place? If this is how he pays attention to detail, how can you trust his grading, etc? We all make mistakes, but we have to learn by them too. I wouldn't post his name, but if others had similiar problems and aired them, I might chime in. Just my fifty cents. Ray

MikeInFL · July 10, 2006 2:30PM

If you were the dealer in question, I'd ask you to rip it up even more and I'd send another immediately...Mike

Sunnywood · July 10, 2006 3:49PM

Mark, this is not one of your more challenging hypotheticals !!!
Who cares if the dealer tore up the check? So you replace it.

Of course, if you decided that you don't like the coin after all, I suppose you could send it back.
But unless that is within the terms of the previously agreed upon return privilege (if any), doing so would still be a breach of contract.

You'll notice that I only chose to reply to a thread that I deemed unchallenging !!
Your usual hypotheticals are either too complicated or too contentious for my poor addled mind to get embroiled in ...

Best,
Sunnywood

KentuckyJ · July 10, 2006 4:44PM

The dealer has no evidence the check was torn up?
Is this transaction a significant amount of money?
Has the dealer volunteered to cover my bank stop payment fee?

Yes, if I knew the numismatic dealer/firm, and they had my respect, I would promptly send another check.

KJ

RNCHSN · July 10, 2006 4:56PM

If it was someone I do a lot of business with, I'd just send another check.

If not, I'd stop payment and expect them to cover my banks fee, since it was their accident that tore the check up.

If I was the dealer who accidentally tore up the check I'd be happy to cover that small fee.

291fifth · July 10, 2006 5:03PM

If you think the story is true:
1. Put a stop payment order on the original check.
2. Determine how much the stop payment order costs. (Check this very carefully as bank fees are often high these days.)
3. Wait at least two weeks.
4. Send the dealer a new check for the amount, less any bank fees you incurred.

IrishMike · July 10, 2006 7:51PM

I'd gladly write him a new check that is after he sent me a letter stating what happened and why another check was necessary. If it wasn't torn up and negotiated by him, I'd have proof of mail fraud.

Not a hypothetical - how would you as a client react/what would you do/say if a dealer accidentally

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